To effectively manage your company’s performance, you must be able to develop timely, accurate plans and budgets that are aligned with strategic goals.
Utilizing SAP BusinessObjects planning and consolidation (BPC), our enterprise performance management (EPM) solutions unify and streamline the planning, budgeting and forecasting process – and enable a faster close. Managed and maintained by finance, not IT, BPC integrates and unifies planning, financial consolidation and management reporting, which improves budget cycle times, drives compliance, helps reduce external audit costs, instills confidence in your numbers and reduces business risk.
With BPC and AnalysisIQ, you have everything you need to meet your bottom-up and top-down financial and operational planning requirements, as well as complete consolidation and reporting – all through a single, unified application and user interface. And, a BPC solution allows you to decentralize the budgeting/planning process so business unit managers can take more ownership of their data and the process.
This is possible because BPC offers an intuitive experience:
A familiar, Microsoft Office interface allows users to be productive from the start Intelligent, context-sensitive Action Panes provide users with their tasks. Self-service reporting driven by wizards and drag-and-drop web interfaces let users build reports.
BPC is process-focused. Finance organizations must ensure that cost center, business unit and department managers follow consistent processes. With a BPC solution, the annual budget or quarterly forecast process is driven by Business Process Flows — a set of self-service processes that must be followed. Users are walked through each step in the processes you define.
BPC unifies your data. BPC’s central data repository contains both up-to-date actual from your operational systems and your planning data. This combination provides you with a complete picture of past business performance, plus a look into the future. And if you need to drill into the data, you can do that from within the application.
BPC solutions are built on an integrated data model. The application supports both balance sheet and income statement planning sourced from the General Ledger and other relevant systems. When GL data is too summarized to support accurate projections of payroll planning, the data model allows you to import data from other sources such as HR and payroll systems.
BPC helps you engage managers in the planning process. With models and templates for specific departments, easy-to-understand calculation methods and a familiar (Microsoft Office and Excel) interface, managers are more willing to use and support the planning process. The result is greater accuracy, better accountability, increased ownership and faster planning cycles.
BPC solutions enable effective balance sheet planning and modeling. Clients can use BPC to understand the relationship of current volumes (and their associated runoffs) to new volumes, and keeps track of variables needed for projections. So it is possible to accurately project the balance sheet, interest income and yields. In addition, BPC highlights new business originations that are needed to meet overall portfolio target. And it helps you model the impact of changing interest rates. All this functionality enhances planning accuracy without creating additional work for users.
BPC is flexible in how it tracks labor expenses. Cost center managers use service-level requirements to define their labor plans by employee and job class. And they can project non-labor expenses using common planning methodologies — and efficiently and accurately model costs by account across fiscal periods.
BPC solutions offer sophisticated what-if modeling. To respond to rapid changes in the business economic environment, management needs to be able to quickly model changes through key drivers. These changes are applied at the appropriate level of granularity and pushed back to detail to see the rolled-up results. This ability to develop, save and re-model scenarios provides organizations with a tool that can be used to test assumptions and manage potential changes on the fly.
BPC produces financial, management and operational reporting and analysis. Users can perform production and management reporting (such as exception reports) financial and operational analysis, and multi-dimensional analysis. The software also offers a park and go feature, which captures currently displayed data so users can work and perform analysis offline.
Ultimately, AnalysisIQ’s customized BPC solutions give you:
Improved agility — Quickly model new business scenarios and decide on a course of action that maximizes value creation.
Reduced cycle time — Finance and line-of-business managers can collaborate in a unified landscape, streamlining the process of creating and approving plans, budgets, and forecasts.
Minimized business and compliance risk — Transparent financial data and a single version of the truth enable fast, accurate management and statutory reporting.
Increased user productivity — An intuitive interface and familiar office tools help workers make the most of their time.