What is SAP BPC?
SAP BPC is a SAP module that provides planning, budget, forecast, and financial consolidation capabilities. SAP BPC meaning Business Planning and Consolidation. It provides a single view of financial and operational data and a unified solution that supports Performance Management processes like adjust plans and forecasts or speed up the budget and closing cycles.
It delivers built-in functionalities for
->. Strategic Planning
There are two platforms in SAP BPC finance. About 80% of its functionality is same except the difference in the back-end. In each platform, there is two version.
->. SAP BPC MS (Microsoft Platform) - SAP BPC 7.5 MS and SAP EPM 10
->. SAP BPC NW (Net Weaver Platform) – SAP BPC 7.5 NW and SAP BPC
Like any other module, SAP BPC module too holds master and transaction data. BPC in SAP is divided into two components namely "Administration" and "Reporting".
In this SAP BPC tutorial, you will learn-
->. What is SAP BPC
->. SAP BPC Overview
->. What is EPM in SAP?
->. SAP BPC Architecture
->. BPC Administration
->. BPC Reporting
->. BPC Security
SAP BPC Overview
For any organization to run a business successfully financial planning, budgeting, and forecasting are important attributes. SAP BPC software provide everything in one package.
->. Unified - Planning and Consolidation in One Product. Single
application lessens maintenance, enhance data integrity,
and simplifies deployment. It also enables flexible planning &
->. Owned and Managed by Business Users: - Business users manage
processes, models & reports with little IT dependence.
->. An open, adaptable application: - Extends the value of your
investment in both SAP and non-SAP environments
->. Familiar, Easy to use: - It is easy to use and support native Microsoft
Office tools (e.g. Excel) and web browsers accessing a
->. Align Financial and Operational plans: - It helps to determine
financial goals and operational plans with strategic objectives.
->. Reduce budget cycle time: - It helps to reduce budget cycle time.
Let's see each attribute of SAP BPC in detail,
It helps management team to formulate its vision, mission, core values, and objectives. The team develops strategic plans to uphold its competitive advantage in the marketplace. It helps them to answer the following questions.
->. What does corporate want to be?
->. What to do?
->. How to do?
->. How to measure what we do?
->. What do operating units need to do to achieve corporate objectives?
It is not just a prediction of future results. It is also a plan of actions and expected operations of the organization over the next year. Budgeting is done for proactive management and measurement of corporate performance.
->. How to execute corporate strategy at operating unit level?
->. How to measure what operating units do?
->. What is the quantitative execution plan of operating units?
It ensures performance progress is monitored, problems are anticipated, and continuous improvement efforts are promoted.
->. How to measure that we perform towards achieving our targets and
->. What information would help management decision making?
->. How to control performance of corporate?
It is the act of predicting outcomes. It is done throughout the year to reflect changes that have occurred both in the internal and external environment. It determines how the internal or external environment impact on the original plans and budgets? The main objective is to provide more accurate information for less risk management planning and decision making.
What is EPM in SAP?
The EPM solution use is widening over the financial divisions. It is similar to CPM (Corporate Performance Management), BPM( Business Performance Management) and FPM (Finance Performance Management). EPM is being used as a unique repository to manage relevant information.