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The Future of Planning: How You Can Benefit from SAP's Newest Innovations in Business Planning and Consolidation

by Paul Davis | SAPinsider, Volume 16, Issue 1

January 1, 2015

Businesses need a proven, easy-to-use tool for streamlining financial reporting and forecasting processes — one that delivers rapid return on investment and measurable business value. Read this article to discover how SAP Business Planning and Consolidation, with its various deployment methods and versions, was designed around these exact needs.

 

Guiding business performance using annual or even quarterly financial snapshots is inadequate in today’s data-rich, increasingly global, and fiercely competitive market. Overreliance on dated, disjointed systems and manual, spreadsheet-based processes for business planning and consolidation limits accuracy, agility, and visibility. Finance teams must improve financial reporting processes, but they also must work in sync with business units throughout the organization. In doing so, they drive value and growth by enabling everyone from C-level executives to frontline workers to make more profitable decisions and identify risks and opportunities in time to take meaningful action. To work in collaboration with the business, they need the right technology to leverage data into optimal decision making.

By providing accurate, real-time financial reporting and predictive analytics, SAP Business Planning and Consolidation has evolved to drive instant responsiveness and assist in formulating business strategy that is sound, adaptable, and opportunistic. Part of its evolution is the flexibility that organizations have in deploying it. It has two basic versions — one for SAP NetWeaver and one for the Microsoft platform — that support Microsoft Office tools; easily integrate with SAP and non-SAP environments; and enable accelerated planning, consolidated financial reporting, and advanced forecasting capabilities. Additionally, in the last couple of years, SAP has delivered even more ways for you to adopt SAP Business Planning and Consolidation.

SAP Business Planning and Consolidation Meets SAP HANA

As of 2012, SAP Business Planning and Consolidation, version for SAP NetWeaver, can be powered by SAP HANA, empowering organizations to tackle today’s big data deluge and support real-time planning and analysis. And with the help of select partners such as NTT DATA, SAP Business Planning and Consolidation powered by SAP HANA is now available in the cloud — an offering that resonates with today’s cost-conscious CFOs.

With SAP Business Planning and Consolidation running on top of SAP HANA, you can tackle big data challenges, support real-time planning and analysis, and increase overall performance by making calculations in memory.

The Latest and Greatest

In June 2014, SAP announced the general availability of SAP Business Planning and Consolidation 10.1, version for SAP NetWeaver. The new release provides a number of innovations and enhancements, including:

  • Optimized planning functions leveraging SAP HANA for better, more timely decisions
  • An HTML5-based user interface for easier navigation, cross-platform readiness, and mobile inter-facing via smartphones or tablets
  • New modeling capabilities with tighter integration into SAP Business Warehouse, SAP ERP, and predictive solutions
  • An option for deploying in SAP HANA Enterprise Cloud with subscription pricing, enabling companies to get up and running faster with lower upfront costs
Maximize Your SAP Investment

Businesses need a proven, easy-to-use tool for streamlining financial reporting and forecasting processes — one that delivers rapid return on investment and measurable business value. SAP Business Planning and Consolidation, with its various deployment methods and versions, was designed around these exact needs. NTT DATA’s world-class SAP consultants have the resources and know-how to ensure you realize optimal performance and maximum value from your SAP Business Planning and Consolidation investment now and in the future. For more information, contact us at sapinfo@nttdata.com.

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Paul Davis
Paul Davis

Senior Director, EPM Solutions
NTT DATA



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