While working with clients to deliver EPM capabilities, we have all heard about how it is critical to have good EPM business processes in place within an organization. I would say that I totally agree with an earlier Column5 blog post, “The Process is King”. Clearly documented business process models assist organizations to align operations to their strategy, promote better communication, improve existing practices, establish control and consistency, and even gain competitive advantage.Read More
Column5 - EPM Thought Leadership Blog
EPM Thought Leadership
Column5 CEO David Den Boer once told me, “Behind every checklist there is a dead body. “ As a military veteran, he knew that safety procedures were often put in place in the aftermath of a tragic accident that unfortunately involved the loss of life. The military is well known for their rigor, strict definition of procedures, and processes that deliver consistent and repeatable results. Isn’t that what we all strive for in delivery of our EPM projects? You can accomplish this result without enduring fatalities along the way.Read More
BPC owners often seek to implement automation to make manual administration the exception wherever possible, in order to lower TCO and increase uptime. For dimension automation, new members added to source systems (accounts, product names, etc.) would be automatically inserted into the BPC master data tables. Automating this task could save quite a bit of manual effort over time, and increase system uptime. If your BPC deployment requires manual dimension maintenance, this solution may be of great interest to you.Read More
The Battle of BPC
I have been in the Analytics space for over 13 years, having started at the original OutlookSoft Corporation (creator of the BPC software) as employee #33 (or so). I stayed with the company that acquired OutlookSoft in 2007, SAP, until 2008, when I came to Column5. I have been involved in over 1000 technical implementations of the BPC software (all technology stacks) over the years with companies around the world.
When I say “Technical Implementation”, I mean performing a System Landscape Design (SLD), multiple Installations, Performance Tuning, Disaster Recovery, Environment Synchronization (Transports), and Go-Live Support. As I started the Technical team at Column5 back in 2008 after working at SAP/OutlookSoft for 8 years Column5, has used the above services and others to ensure client success, or as I like to say “EPM NIRVANA”.
Obviously SAP has moved the software forward leaps and bounds in a lot of functional ways, but especially supporting multiple server technology stacks on the backend. This allows SAP to really fit into just about all of the worldwide business technology strategies. Currently with BPC, there are three different “flavors” of the software and they are:
- BPC (10) BW powered by HANA
- BPC (10) NetWeaver
- BPC (10) Microsoft
This past weekend, I was cleaning out a closet and I came across a box that once contained a 14.4k baud PC Modem. Already a relic in its own right, to further drive home the point that this particular device is obsolete, I saw the box complete with some marketing slogans splashed across the top: “Lightning fast!”, “Get more done in less time!” I couldn’t stop the smile from coming across my face as I half snorted, thinking these phrases were very humorous.Read More
Sprinkled throughout many books, project kick-off decks, and lists of project success criteria, is the notion that your program or project needs Visible Executive Sponsorship. If you Google the topic you will see that there is widespread agreement that this is “important”. You will also see that there are various studies that show that project success is tied to visible Executive Sponsorship and that very high percentages of failed projects list the lack of Executive Sponsorship as a key reason. However, I rarely see the more practical aspects of recruiting Executive Sponsors, what visibility really means, and tangible advice on how to make the sponsors visible. Whether you are planning your EPM Strategic Roadmap, or just upgrading from BPC v7.5 to 10.0, getting the right Executive Sponsor on board is essential.Read More
How to Get the Most from Business Process Flows in SAP BPC
The Process Flow Design is an integral part of any SAP BPC implementation project. As a stage in the project it should come immediately after the Conceptual Design phase and before the essential Blueprinting step, as shown in the diagram, below which outlines the ten basic project stages.
This is part two of a blog on utilizing the BPC Restore Journal and Export Journal Data Manager Packages. In the first installment we covered how to setup BPC to use the packages and a few of the reasons why a business team might utilize mass journal updates. In the second installment, we will walk through a working example of how a team might use the packages to seed budget journals from actuals. See part 1 for a refresher on how to setup BPC for importing and exporting journals.Read More
Analytics? Analytics. Analytics! Let us simply get it out there – analytics are the newest, hottest technology that everyone is talking about. “The CFO’s Technology Imperatives for 2015” by Financial Executives International (FEI) and Gartner states, “many IT organizations have made initial investments, but these tend to be tactically focused and do not address the more fundamental issues of data quality and consistency.” The market is in such a fervor over the promise of analytics that we often lose sight of our greater IT goals, and we do not effectively outline a strategy that can move us toward the new promised land.
Surveys from Gartner reaffirm these assertions in a study on Top Big Data Challenges. The top three challenges include how to derive value, how to define strategy, and how to obtain the skills and capabilities needed related to a big data initiative.Read More
In just over 24 hours from now, over 60 delegates from 5 European countries and 40 corporate organisations, collectively responsible for over 9,000 end users of SAP BPC and BFC, will gather in London for our EMEA SAP EPM Leadership Summit. All these delegates have a common cause, to make sure their organisations deliver ever better value from their investments in SAP EPM; this is the largest gathering of the SAP EPM value liberation army in Europe this year, and it promises to deliver some famous victories!Read More