SAP® Business Planning and Consolidation, version for SAP BW/4HANA
Planning and consolidation with SAP BPC for efficient financial closing and data managementSAP BPC for more accurate financial statements
As a group, you are obliged to prepare consolidated financial statements that provide a comprehensive picture of your group’s financial position and performance. Depending on the country, these must be prepared in accordance with certain accounting standards such as HGB or IFRS . The preparation of these consolidated financial statements can become very complicated and costly the larger the group is and therefore takes up a lot of time and resources. In addition, a fixed deadline is set by the legislator, which can lead to various consequences depending on the accounting standard (fines, sanctions, etc.) if it is not met.
The SAP Business Planning and Consolidation (BPC) tool can help you to better allocate or even minimize the time and resources used.
Managing complex group structures
The preparation of consolidated financial statements is a complex task that involves various challenges. A key challenge is the consolidation of data from different subsidiaries, which often operate in different countries and business areas. This requires careful integration of financial data from different accounting systems.
Currency translation and consolidation represent a further hurdle, especially when subsidiaries operate in different currencies. Exchange rate fluctuations can have a significant impact on the consolidated results and must be taken into account. In addition, intercompany transactions must be correctly recorded and eliminated to avoid double counting. This requires accurate tracking of transactions between companies within the Group.
Consolidation can be particularly challenging for complex group structures with multiple levels and numerous subsidiaries. The quality and integrity of the financial data is crucial for the reliability of the consolidated financial statements. Incorrect data can lead to inaccurate results. It is therefore crucial to proactively address potential challenges and proceed carefully to ensure that the consolidated financial statements are prepared accurately, reliably and on time.
Modern data management for corporate management
SAP BPC is considered an all-round solution that covers all operational and financial activities in a company. With the help of SAP BPC, you can streamline business forecasting, planning and consolidation activities in your company. At the end of the day, you receive a uniform picture of your company’s financial situation and can make well-founded business decisions based on “what-if” scenarios.
You also benefit from a significant reduction in implementation, budget and completion cycles. This is achieved through the use of a flexible data model and central administration. The ability to create simple rules and reports by the specialist department and without programming knowledge also speeds up the consolidated financial statements in your company.
SAP BPC is available both on-premise and in the cloud. In terms of target group and implementation options, SAP Business Planning and Consolidation is available in two variants – SAP BPC Standard and SAP BPC Embedded.
You can easily integrate other reporting tools with SAP BW. There is also a direct connection to SAP Analytics Cloud®. You can freely define the data model as well and use it with great flexibility for management reporting.
Your benefits with SAP BPC
SAP BPC (Business Planning and Consolidation) software enables your company to optimize its financial processes, increase efficiency and make better decisions by providing a comprehensive platform for planning, budgeting and consolidation.
Integrated planning and consolidation
- Planning and consolidation processes in one system
- reduces complex data transfers between different systems and improves the efficiency of the finance department
Automation of consolidation processes
- SAP BPC automates the consolidation process
- It enables the fast and accurate consolidation of financial data from different divisions and subsidiaries
Real-time data and analyses
- Use of real-time data for planning, budgeting and consolidation
- Up-to-date information for well-founded decisions
Compliance and reporting
- Supports companies in complying with accounting standards and regulations
- Facilitating the preparation of reports for external stakeholders such as regulators, investors and creditors
Scalability and customizability
- SAP BPC is scalable and can be adapted to the specific requirements and scales of companies, regardless of their size or industry
User-friendly interface
- User interface is designed to be user-friendly and intuitive, making it easier for employees to familiarize themselves with and use the system
Integration with other SAP products
- BPC is based on SAP BW and can therefore use the full functional scope of the Business Warehouse as the central location for analytical data storage
- In addition to Analysis for Office, new solutions such as SAC are also available for reporting
Flexible modeling and scenario analysis
- User interface is designed to be user-friendly and intuitive, making it easier for employees to familiarize themselves with and use the system
Your advantages
Benefit from a high level of MS Excel integration
Convenient operation of the tool by the specialist department
Connect other reporting tools (e.g. SAP Analytics Cloud) via SAP BW
Define your data model flexibly according to your needs
Processes to support the individual companies in the recording and quality assurance of their data
Pre-systems (high integration possibilities with SAP Business Warehouse (SAP BW))
con-force
Speed up your consolidation process with our con-force template
The con-force template for SAP BPC allows you to significantly accelerate your design and implementation phases. This preconfigured set of rules is based on our best practices and more than 20 years of experience in SAP consolidation, and was developed by us as a holistic consulting approach. con-force covers all activities in your financial closing process—from data reporting to the consolidated financial statements. This enables you to quickly and automatically implement your consolidation projects using SAP BPC Standard.
With concellens: Choosing the Right SAP Setup
Preliminary Meeting
What systems and licenses are you currently using? What are your goals?
Strategic Workshop
Together, we’ll analyze the complexity of your group consolidation requirements and determine whether BCS/4HANA or Group Reporting is the best solution for you.
System Preview
In a demo system, we’ll show you live how the system works and what features you can expect. We’ll provide the necessary sample data for this.
Minutes of the Results
To help you make an informed decision, we will provide you with a detailed decision-making template that includes specific recommendations for action.
Why concellens?
With our expertise in SAP consolidation solutions and a clearly structured consulting process, we help you find the optimal solution for your needs—whether you’re migrating from a non-SAP system, streamlining your existing SAP environment, or implementing a completely new consolidation system.
Eric Greger
Head of Development / Senior Solution Architect
Philipp Benz
Project manager
Your contact persons
If your company is facing the challenge of introducing a new consolidation system or optimizing existing processes, arrange a non-binding preliminary meeting today. Let’s work together to ensure that your group consolidation is future-proof and efficient.
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