SAP Business Planning and Consolidation (SAP BPC) is a modern tool that is used by business organizations to support the requirements of enterprises in budgeting, planning, forecasting, both legal and management consolidation, and reporting. SAP BPC is created such that it is based on single-used platforms and provides opportunities to the businesses to minimize the operations and support requirements with the optimum level of security.
With the effective use of SAP Business Planning and Consolidation, organizations can easily eradicate the requirements of different kinds of planning and management solutions platforms. SAP Business Planning and Consolidation helps organizations in adaptations and usage of effective economic conditions and also maintain and improve the pace of business operations at which they are working currently.
SAP BPC also provides business enterprises with an easily accessible, adaptable, powerful database and other important logical capabilities to provide a true Enterprise Performance Management solution. SAP BPC is more effective for businesses because it is not essential for this platform to use individual software components for essential business functions.
Key Capabilities of SAP BPC
To understand SAP BPC as a true Enterprise Performance Management Platform, we need to understand its core capabilities that are most important to get clear insights. These capabilities are mentioned below:
- Planning and Consolidations: It is one of the major capabilities of SAP BPC that is provided to enterprises. With this, an organization can save time and minimize errors with the use of single and unified software solutions for business planning and consolidations. SAP BPC also provides a platform to integrate business planning, securing strategy, operations, and financial processes.
- Financial Intelligence: SAP BPC also provides the capability to automate aggregations, administration, and various manual processes to accelerate planning cycles, and increasing course correction methods and other financial activities to improve existing financial strategies.
- Legal and Management Consolidation: SAP BPC has built-in financial intelligence that allows organizations to have legal and management capabilities. With the use of this capability, organizations can easily and seamlessly import real-time data from different sources. With the help of this organization can easily meet all the financial reporting requirements along with a thorough audit trail.
- Self-Reliance and Accountability: SAP Business Planning and Consolidation enables organizations to encourage self-sufficiency among various business organizations and their employees by providing them the latest innovative finance tools which can help them to manage their current ongoing financial activities.
- Reporting and Analysis for operations and Finance: Effective and timely use of SAP Business Planning and Consolidation enables organizations with a wide range of reporting and analysis formats with the use of real-time data modeling. SAP BPC allows businesses to develop and manage production reports and financial statements in their desired formats.
Core benefits from SAP BPC
To achieve organizational targets, many senior executives require timely management reports, key performance data, cash flow, profit and loss statements, and details of returns.
To fulfill these needs and meet organizational goals, implementing SAP Business Planning and Consolidation is the most effective solution. There are some key benefits of using SAP BPC in a business environment. These are:
- Collaborations: One of the major benefits of using SAP BPC is that it promotes easy working between the teams of the organization across all departments.
- Proper Audit: SAP Business Planning and Consolidation allows business organizations to have a clear audit trail that allows them to track down relevant data for various reports.
- Minimizing Errors: SAP Business Planning and Consolidation works on various AI-enabled automating reporting that is responsible for reducing human errors and minimizing the time required to rectify them.
- Regulating Compliance demands: SAP Business Planning and Consolidation provides organizations with the ability to easily produce management reports for future external reporting, connecting legal and administrative compliance demands.
- Maximizing Operational Speed: With the effective and efficient use of SAP Business Planning and Consolidation, organizations can contract the organization’s reporting and forecasting cycles. SAP BPC also allows businesses to react quickly according to the current business environment.
- Increase Reliability: SAP Business Planning and Consolidation as a solution offers resilience and dependability that allows reporting processes to be maintained by business users themselves by minimizing the involvement of various IT specialists.
Different Versions of SAP BPC
Traditionally there are about four versions of SAP Business Planning and Consolidation available. These versions are:
- SAP BPC 10.1 NetWeaver Standard: This version of SAP Business Planning and Consolidation is used for planning, reporting, and consolidation solutions based on BW technology. It is designed such that it can be used and maintained by the finance team easily.
- SAP BPC 10.1 Embedded on HANA: This version of SAP BPC is created to add up the required flexibility to the existing BW technology. This integration of BW technology and SAP BPC does not require any interface and also provides them access to real-time data. To effectively use this version organizations, need additional BPC software and a license.
- SAP BPC Optimized for SAP S/4 HANA: SAP Business Planning and Consolidation optimized for S/4 HANA performs all the functions of BPC Embedded 10.1 versions by eliminating the duplication of data. This version runs with the help of SAP HANA finance without the implementation of a particular SAP BW system. This version also allows business users to identify the relevant trends, insights, and forecasting with the use of predictive analysis.
- SAP BPC 10.1 Microsoft: This version of SAP Business Planning and Consolidation can be used by business organizations in planning, reporting, and consolidation based on Microsoft SQL Server technology. This version is maintained such that it has flexible interfaces with different sources.
Conclusion
For any organization to be successful and work seamlessly in the current business world, organizations need planning, budgeting, and forecasting to be precise and easily available. To fulfill these requirements SAP BPC can play a major role. SAP Business Planning and Consolidation provides all the required information and data in one package. If implemented with proper strategy SAP BPC can be a game-changer for the organization to achieve great heights.
