Its robust interface allows for customization and collaboration and makes it a compelling choice for planning.
The following are some of the out of the box functions: The automatic adjustment business rules are used for elimination of intercompany transactions and for consolidation of investments.
The quality of the information now received at corporate office exceeded our expectations. ABAP language support The K2 script logic, which we mentioned earlier, is the programming language used for developing script logic.
We have seen how organizations have spent increasing amounts of money to redesign their applications to meet user needs; some of this money could have been saved if good design principles had been followed in the first place.
For example, you could set a formula in the application to subtract the cost of goods sold from the gross sales to obtain the gross profit.
Validations The validation rules functionality in SAP BPC is a check mechanism that enables an organization to ensure accuracy of data.
It also includes a feature to augment collaboration by enabling you to enter comments about your data. Business rules You can develop rules to perform a certain function in planning or consolidation.
These functions should be made available as part of the software tool. Custom settings The software should enable you to see report descriptions in your own language e. The intercompany eliminations process creates entries that eliminate intercompany transactions. You can use it to determine the financial health of the company as a whole, after taking into account the currency translations, elimination of intercompany transactions, and other necessary adjustments.
When the reporting is external, it serves the objective of statutory compliance, also known as legal consolidation. Rinedata have provided invaluable help and support during this time. The application provides an environment that satisfies all of these requirements, in a manner that grants you sufficient flexibility in using your applications.
Rinedata consultants have shown considerable innovation when designing and implementing solutions, providing Amey with applications that truly fit our business requirements. Collaboration Some applications require collaboration to ensure that all members of the business team are in sync and have the latest information.
For example, you can develop a script to perform revaluation of a plan by a certain percentage. They took the time to understand the company and what we needed.
You can use scripts coded using ABAP to handle complex business requirements and simultaneously leverage the experience and expertise of the IT solutions team. Most of the features discussed require less assistance from the IT solutions team on an ongoing basis although they will of course be involved in both the initial stages of the development of the applications and their ongoing support.
This email address is already registered. The application also provides out of the box functions for performing planning and consolidation.
For example, you can enter a comment to explain a reduction in overhead expenses from last year to the current year. Enjoy this article as well as all of our content, including E-Guides, news, tips and more.
Online data entry Flexible upload from a data file Loading from an InfoProvider The application allows you to execute the following tasks: For example, you may post a document to get input from another user, or you may post a document for others to read and use in their decision-making.
Using the solution we can put forecasts together quickly, carry out sensitivity analyses and then make the right choices. Business rules Business rules are used when you want to transform data that is loaded into an application. This has two benefits: The application frontend for planning, consolidation, and reporting runs on top of Microsoft Excel, which is widely used by planners and accountants all over the world.
The application lets you implement logic using a variety of methods to manage the data, and it lets you include logic than can be categorized into three broad areas. The investment in SAP NetWeaver BW Accelerator not only helps with providing an enhanced reporting experience but also contributes to considerable cost savings by minimizing troubleshooting issues related to reporting performance.
They are used to perform certain tasks such as currency conversion, account transformation, carry forward balance, and so on in planning and consolidation applications. Users will not accept a model that is rigid and that cannot satisfy the needs of the business. Automatic adjustments The automatic adjustments logic supports the process of generating a consolidated financial statement.
Programming interface You may need to develop scripts that allow you to perform specific functions within an application. Please check the box if you want to proceed. Owned by the business and designed for the end user, it is the target environment to support planning, consolidation and financial reporting.
As we have discussed, SAP BPC has many features that make it an ideal tool for planning, designed to maximize your ability to manage and take ownership of data. The features that are built into this application allow you to automatically assume ownership of the application and then partner with the IT solutions team in fulfilling specific business needs.
Out of the box functions Depending on the application, the software should provide you with all of the functions that are used to meet the principal requirement of the application. This is especially important for multiple-entity organizations that are required to perform legal consolidation and release financial results of the entire company per statutory requirements.SAP BPC | SAP Business Planning & Consolidation SAP BPC is a component of SAP EPM portfolio, an application dedicated to financial processes on a unified platform.
Owned by the business and designed for the end user, it is the target environment to support planning, consolidation and financial reporting. Page: Business Planning and Consolidation Version for Microsoft Page: Business Planning and Consolidation Version for SAP NetWeaver Page: Planning and Consolidation (All) Overview Content Tools.
SAP Business Planning and Consolidation(SAP BPC) (56 ratings) Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
Implementing SAP® Business Planning and Consolidation Bonn Boston. Contents at a Glance 3 BPC Architecture.
71 4 Reporting in BPC Business Planning and BW SAP Business-1)) A) to.
A. BW. G. The architecture of SAP BPC for NetWeaver (Figure ) is designed to leverage the capabilities of the planning and consolidation application and SAP NetWeaver BW. You can use the planning application frontend tool to configure planning and consolidation.
SAP Business Objects Planning and Consolidation Streamlined planning, budgeting, forecasting and fast, accurate closeStreamlined planning, budgeting, forecasting and fast, accurate close Leading Finance related compliance programs & strengthening internal controls pp Insight Understanding the different SAP Business Planning and.Download