SAP Business Objects Planning and Consolidation (formerly Outlook Soft) is a corporate performance management tool that can cater for all types of planning and forecasting, from simple small processes to complex multi-layer processes, while also providing consolidation and easy to use reporting.
In a tough market, the pressure to get SAP Business Planning and Consolidation (BPC) right is all the more intense. Uncertain times demand more of organizations financial systems, as they call for complex data analysis and scenario planning.
SAP BPC is the financial management element of the enterprise performance management cycle. It entails business planning and forecasting, the reporting of actual performance data and both management and group consolidation.
SAP BPC should never be based on trial and error. It should be a fast, efficient and simple process. Yet, the opposite is often the case: BPC can be a time-consuming, resource-intensive and in many cases painful exercise.
Most crucially, BPC needs to be accurate. Robust processes allow companies to exploit opportunities and respond quickly to changes in the business environment. Inversely, ineffective planning, forecasting and consolidation put them at risk of losing competitiveness – or worse.
Effective BPC, supported by efficient planning, forecasting and consolidation systems and tools, will enable organizations to:
• Align planning and forecasting to strategy
• Define planning requirements more precisely and consistently
• Improve planning and forecasting accuracy
• Reduce planning and month-end financial close cycles
• Achieve a more granular view of performance
• Inform better decision-making
• Centralize and streamline financial management
• Simplify compliance and reporting
This will mean increased productivity, reduced cost and enhanced profitability. And, perhaps most importantly, it will put organizations in a stronger financial position to achieve their strategic objectives.
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