SAP Business Planning And Consolidation

CFOs and executive teams are under tremendous pressure to maximize profitability, reduce operational costs, minimize business risk and noncompliance risk, and improve stakeholder confidence. Hence, the CFO is playing an increasingly important role as a strategic advisor and change agent for the business - in addition to proactively managing business finances to manage performance and achieve profitability goals.

To be effective, you need accurate, up-to-date financial and operational data for planning, budgeting, forecasting, analysis, and reporting. You need the ability to seamlessly integrate corporate and departmental planning, intelligently model cost scenarios, and perform sensitivity analysis to determine operational budgets based on strategic plans and assumptions. Finally, you need a way to ensure a fully documented audit trail and compliance with strict statutory guidelines for consolidating and reporting company information, both externally and internally. SAP has addressed these needs comprehensively with their Business Planning and Consolidation product suite. It gives you an unprecedented level of power and flexibility to design, build, and deploy effective solutions faster than ever before.




With over 10 years of experience in implementing budgeting, planning, forecasting and consolidation applications using various tools and technologies including SAP BPS & IP, Morph IT offers a full range of solutions to address these needs.

  • Strategic Planning
  • Budgeting
  • Forecasting
  • Reporting and Analytics
  • Business Consolidation

 

Strategic Planning:
SAP BPC allows both bottom-up and top-down financial and operational planning with a single application and user interface. The software makes it easy to communicate organizational plans and align them with strategic goals using SAP Strategy Management. You can collaborate on plans, manage stakeholder interactions, track versions and changes, engage managers in the planning process, and ensure that they have clear ownership and account-ability. Planning processes are supported by workflows and automation that ensure that the right people participate at the right time. And you can easily incorporate unstructured data such as Microsoft Office documents and e-mail to help tell the story behind plans. You also gain powerful analytical functions, such as multidimensional modeling, simulation, and sensitivity analysis, to measure and assess future outcomes. And by unifying the planning process with budgeting, forecasting, and reporting, SAP Business Planning and Consolidation improves the consistency and relevance of your plans.

Budgeting:
SAP BPC supports a streamlined process that ensures business-relevant budgets that everyone agrees on and that align with strategic plans. The collaborative process ensures stakeholder agreement, thanks to a Web-based interface that allows widely distributed stakeholders to work together on Microsoft Excel spreadsheets, both online and offline. And because you start with a single, consistent version of operational and financial data - both real-time and historical - you can be confident in the integrity and accuracy of your budgets.
This process is powered by automation, workflow, and version and status control features that accelerate the budgeting process and free up time for analysis and other profit-generating activities. For example, you can use what-if modeling and scenario-planning functions to assess budgeting reasonability in real time. And because budgets are tightly linked to your forecasting and reporting processes, you can achieve true performance management and effective forecast seeding.

Forecasting:
SAP Business Planning and Consolidation provides centralized, collaborative, prepackaged business process flows, tightly linked to the data and processes supporting planning and budgeting, to simplify the enterprise-wide forecasting process. Predictive analysis functionality goes beyond the typical trend and seasonality algorithms, enabling you to produce more accurate plans and budgets, create rolling forecasts, and incorporate real-time actuals with historical data for the most effective forecast seeding possible.

Reporting and Analytics:
With SAP Business Planning and Consolidation, you gain a unified, predictive performance management solution for financial and operational reporting and analysis. You can perform production and management reporting (including exception reports), financial and operational analysis, and ad hoc and multidimensional analysis. At the same time, the software provides automated predictive analytics that proactively push findings relevant to employees so they can take appropriate action. It automatically identifies key performance indicators (KPIs) that are at risk, identifies the metrics and drivers of those KPIs, and recommends actions that can change predicted outcomes for the better. In addition, you can quickly find explanations for variances - and root causes - so you know where to focus management attention. Finally, you can make risk-adjusted plans and more calculated decisions using intelligent modeling functions that give you a more precise understanding of risk probabilities.

Business Consolidation:
SAP Business Planning and Consolidation meets all your legal and management consolidation and reporting requirements. Because the software's centralized data repository contains up-to-date actuals from your operational systems, you always have instant access to harmonized charts of accounts, shaving weeks off your consolidation process and simultaneously ensuring compliance with regulatory mandates, such as the Sarbanes-Oxley Act. Specifically, you gain a single, centralized view of performance data and can instantly generate clear, transparent financial statements and reports relating to profit and loss, cash flows, and balance sheets. In addition, the software helps you compare budget-to-actuals data (assets, liabilities, revenues, and expenses); automate the intercompany elimination process; gain transparency into corporate transactions at all levels; and manage any number of currencies by performing conversions, allocations, and eliminations. Automated reports support all reporting standards, including Generally Accepted Accounting Principals (GAAP), Financial Accounting Standards Board (FASB), International Accounting Standards (IAS), and International Financial Reporting Standards (IFRS). Finally, the software improves compliance with regulatory and financial standards and generates a fully documented audit trail to reduce external audit costs.
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