Monthly or Quarterly close cycles can become a thing of the past in the digital age. Financial Planning and Forecasting can be managed at the moment of truth or at the point of transaction. An “always be closing” mentality – realtime P&Ls with the push of a button that includes forecasts is a reality.
Using BPC Optimized for S/4HANA to conduct forecast native to your transactional G/L offers realtime P&L, Balance Sheet, and analytical insights. Arm your analysts with a competitive edge providing one system for general ledger transactions and forecast capabilities. Used in combination with BPC 10.1 Embedded, also native to S/4HANA, businesses can now operate a full suite of forecasting, planning and budgeting capability using a singular footprint.
SAP BPC Optimized for S/4HANA is a standard-delivered suite of planning and forecasting tools based on the same table that manages your transactional G/L. Operational Expense Planning – Check, Cost Center Budgets – Check, Profit and Loss Forecast – Check! The moment a journal entry is saved, the FP&A analyst can re-predict the forecast. Staying on top of the forecast on a regular basis reduces periodic close cycles. Executives can access data at the push of a button that is directly tied to the transactional source!
Accelerate planning cycles, increase profitability, and make finance functions more efficient. You can also run on-the-fly financial analysis at any level of granularity and support ad hoc simulations of organizational changes or new business models directly within your ERP system.
Combine financial and management accounting and profitability data into a single universal journal, for a single source of truth. You can close the books in real time, improve compliance and control, and reduce closing effort, while running drilling down on reports by any dimension.
Integrate cash flows, transactions, commodity positions, and market data, and accurately forecast cash flow, manage liquidity, and mitigate risk. In addition, full-view and real-time analysis, audit trails, and compliance reporting help you optimize straight-through processing.
The challenge in defining a strategy for an enterprise planning and forecasting platform is understanding and determining the classes of use cases to ensure that the solution meets the service level expected to deliver trusted insights to the business users. Some common forecasting use cases:
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