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SAP BPC & EPM
Thought Leadership

A Great Financial Consolidation Solution for Statutory and Regulatory Reporting in Complex Multinational Organisations

Posted by Paul Coleman on Tue, Feb 16, 2016 @ 09:02 AM

SAP has a portfolio of Consolidation solutions with their own unique positioning and the SAP Financial Consolidation (FC) software is an enterprise solution offered to companies looking to improve and speed up their financial close – without sacrificing quality control and compliance.

FC became part of the SAP EPM portfolio through the acquisition of BusinessObjects in 2007.  BusinessObjects itself acquired the French software vendor Cartesis who originally marketed Financial Consolidation as Cartesis Magnitude.  With a large and loyal customer base throughout Europe and Japan, FC has a particularly strong focus on statutory consolidation requirements within large multinational organisations that have complex and evolving corporate structures across multiple reporting standards (e.g. IFRS and local GAAP).

Topics: Best Practices, Analytics, Consolidation, Financial Close, Value

The Cloud – Big Bucks, No Whammies

Posted by Mike Smayrabunya on Thu, Feb 12, 2015 @ 13:02 PM

In the early to mid 1980s there was a popular TV game show that had a catch phrase, “Big bucks, no whammies!”…meaning contestants would risk their earnings to date for a chance to earn even more returns. Getting a dreaded ‘whammy’ meant you would lose everything you had.

Topics: Enterprise Performance Management (EPM), Cloud, Value

What’s the ROI of Your BPC Implementation?

Posted by Rick Bryant on Wed, Oct 22, 2014 @ 14:10 PM

“Is our BPC implementation working well?  How are competitors using the same software?  What are the best practices?  What is the ROI?”

Topics: Center of Excellence, Thought Leadership, Enterprise Performance Management (EPM), Financial Close, Value, BPC (Business Planning & Consolidation)

Using the Power of Visual Basic in EPM 10 Reporting

Posted by Michael Sheard on Wed, Aug 06, 2014 @ 07:08 AM

The Excel Add-In reporting tool of EPM 10 combines the features of Excel with EPM functionality.  A feature within Excel that is sometimes useful to meet more advanced reporting needs is macros programmed using Visual Basic (VBA).  This can achieve features that are not achievable through EPM 10 functionality.

Topics: Best Practices, Excel, Thought Leadership, Analytics, EPM 10, Value

How EPM Is Like Golf

Posted by David Den Boer on Tue, Jul 22, 2014 @ 10:07 AM

Recently I received a detailed critique of the underlying technology components of BPC in the form of a comment to one of my blog posts. At first, I chuckled at the response, and wanted to respond with a blog post entitled, “Things No CFO Said…Ever”, but then I thought just how sadly prevalent some of the beliefs are in the EPM ecosystem.

Topics: Thought Leadership, Enterprise Performance Management (EPM), Performance, Roadmap, Value, Implementation, BPC (Business Planning & Consolidation)

7 Deadly Sins of a BPC Implementation

Posted by Jamison Chochrek on Thu, Jul 17, 2014 @ 14:07 PM

I have had the pleasure of being involved with at least 100 BPC (OLAP) deployments over the past two decades in some role or another. I wanted to share what I believe are the 7 Deadly Sins of a BPC Implementation.  Over the past 9 months I have been speaking with new clients to my organization who have had prior experience with another firm claiming to understand BPC.   Seventy-five percent (75%) of these discussions involved most, if not all of the aspects described below.

Topics: Best Practices, Thought Leadership, Enterprise Performance Management (EPM), Project Management, Performance, Value, Implementation, BPC (Business Planning & Consolidation)

Spreadsheets to BPC/EPM 10: A Quantum Leap

Posted by Keith Roberts on Tue, Jul 01, 2014 @ 07:07 AM
It’s the corporation’s latest planning/forecast/budget cycle, and you’re responsible for putting together the consolidated reports for the executive review meetings.  The analysts in Europe, Asia, North America and South America have sent you their Excel spreadsheets, which have been reviewed and revised according to their local management review meetings.  Their regional financial managers will be participating in the executive review meetings, and presenting their region’s forecast. 

The PowerPoint reporting package for the executive review meeting will consist of income statements, capital spending reports and Key Performance Indicators (KPIs).  Comments will be included, and there will be slides/reports at the region and total corporate level.  You have spent hours copying the Excel “reports” and pasting them into the PowerPoint slides.  Also, in order to produce the numbers for the region and total corporate reports, you had to combine the multiple Excel spreadsheets from the site analysts.  This included calculating the KPIs at the region and corporate levels.  You finally have everything ready for tomorrow’s first executive review meeting, although it’s 9:15 PM and you’re still at the office.

Topics: Center of Excellence, Excel, Thought Leadership, Enterprise Performance Management (EPM), Value, Implementation, BPC (Business Planning & Consolidation), Forecasting

SAP BPC: What is the Right Amount of Time for a Design?

Posted by Will Leonard on Tue, Jun 17, 2014 @ 10:06 AM

The business blueprint is arguably the most important – and most complex – document that is delivered during an implementation.  But how much time should be allotted to this phase?

Topics: Center of Excellence, Best Practices, Thought Leadership, Value, Implementation, BPC (Business Planning & Consolidation)

Evaluating EPM? Where to Start Without Hiring a Consultant!

Posted by David Den Boer on Tue, Jun 10, 2014 @ 10:06 AM
It’s no accident that Enterprise Performance Management (EPM) ranks at the top of nearly every survey that evaluates CFOs’ priorities. The role of the CFO has been expanding for years with acknowledgement that the business needs a strategic partner in every decision that is being made across the enterprise. More often than not, corporate decisions are evaluated on the basis of impact to profitability. It’s widely accepted that the more sophisticated (based on detailed data, organizationally comprehensive, and market relevant timeliness) the analysis that can be provided to influence the quality of how decisions are made, the better. Sophisticated analysis when making decisions requires sophisticated solutions (technology, skills, and processes). But how does a CFO start to improve this capability in their organization?

Topics: Thought Leadership, Enterprise Performance Management (EPM), EPM ROI, Value

How Can Project Management Help You?

Posted by Sebastien Verstraet on Wed, May 07, 2014 @ 08:05 AM

Project management is often viewed as an unnecessary expense and its value is unfortunately overlooked. To help make the right decision for your project, it is important to look at what project management is, what benefits it provides, and how it fits in the overall project. A six month project that goes over the original timeline by one month represents a 16% overage. Adding 10% to the overall project cost up front for Project Management may help reduce that overage or cut it altogether. Also, a 16% overage can have other negative effects on the company because it may delay other projects (the resources are tied up) and as a result, additional revenue may be lost. Therefore, it is important to find the right mix for a successful project between added cost and benefits.

Topics: Process Improvement, Thought Leadership, Project Management, EPM ROI, Value, Implementation, BPC (Business Planning & Consolidation)

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