SAP is one of the leading providers of enterprise resource planning (ERP) systems. It’s better than similar services in its category; SAP even outperforms Oracle ERP.
SAP Business Planning and Consolidation (SAP BPC), one of the top corporate performance management (CPM) systems, is another of its high-quality offerings. It enables companies to create and adjust strategic plans, speed up budget and closing cycles, and ensure financial reporting standards.
It’s a great module to add to your existing SAP Business ByDesign ERP, letting you consolidate all your business processes into a single all-in-one solution—without significantly affecting your SAP ByDesign implementation costs.
What Is SAP Business Planning and Consolidation?
SAP BPC is a planning and consolidation solution that greatly benefits fast-growing and rapidly changing small to mid-market businesses. It delivers operation and financial capabilities, including planning, budgeting, forecasting, and financial consolidation functionalities, allowing enterprises to improve strategic planning and results to drive revenue and profitability.
Benefits of SAP Business Planning and Consolidation
SAP BPC can be greatly advantageous, directly affecting how your business makes decisions, collaborates between departments, and achieves its goals. Here are some reasons why you should consider adding it to your SAP Business ByDesign ERP:
High Usability
SAP BPC is a single-deployment solution for various planning and financial tasks. These include planning, budgeting, forecasting, reporting, and management consolidations. It has various uses that can increase efficiency in different departments.
Better Decision Making
SAP BPC can provide budget plans, forecasts, and analysis that can help you derive better insights to inform your business decision-making. You can base plans on what-if analyses and scenario planning for better outcomes, as well as assess budgets and forecast models in real-time, adjusting as needed.
Improved Collaboration
Your teams can work together on a single viewpoint in SAP BPC. This lets you break down communication barriers and information silos, improving accountability and work accuracy with it.
Increased Efficiency
Connect your departments to the same data points and processes with SAP BPC, allowing you to shrink cycle times, close the books fast, reduce your forecasting cycle, and accurately align your plans with strategic goals.
Flexible Deployment
SAP BPC is available as both on-premise and cloud deployment. Being able to choose your method of implementation allows you to increase accessibility on your own terms.
Key Functions of SAP Business Planning and Consolidation
SAP BPC helps you create an even more integrated ERP system. Here are the key functionalities that you can benefit from after implementation:
Unified Planning and Collaboration
SAP BPC, added to SAP Business ByDesign, completes an all-in-one integrated software solution for business planning and consolidation. This allows you to save time and reduce errors as you come up with strategies and achieve your goals.
Financial Intelligence
SAP BPC comes with robust financial intelligence tools that enable you to automate aggregations, allocations, and other manual processes. It allows you to speed up planning cycles and identify quick course corrections for every what-if scenario.
Microsoft Office and Web Reporting
SAP BPC can help you engage stakeholders across finance touchpoints and throughout the platform with Microsoft Office and HTML5. It also gives you enhanced visualization with SAP Analytics Cloud.
Management Consolidations
Complete all your financial reporting requirements with speed and accuracy with SAP BPC’s management consolidation functionalities (which include automation).
Budgeting and Forecasting
Generate what-if models and scenario plans to assess your business’s budget suitability in real-time. SAP BPC also lets you build forecast models that you can update and adjust as you go.
Get SAP ERP With Navigator Business Solutions
SAP Business ByDesign consolidates all your business processes into one system. The all-in-one solution meets all your departmental needs, and this is made even easier with SAP BPC.
Find out how SAP Business ByDesign and SAP BPC can fit your business requirements and how you can get started in integrating its modules into your operations.
