<img src="https://certify.alexametrics.com/atrk.gif?account=3HHNq1DlQy20Y8" style="display:none" height="1" width="1" alt="">
iStock-955408614

SAP Analytics
Thought Leadership

David Den Boer

David Den Boer
Find me on:

Recent Posts

Moving Towards xP&A: How to Re-imagine the EPM Process

Posted by David Den Boer on Thu, Jun 17, 2021 @ 06:06 AM

Most organizations think about defining and improving the business case for expected ROI from EPM models only at the time of technology purchase - if these concepts are considered at all. But this is a mistake. Instead, the best practice is to measure the ROI of the system frequently in as many meaningful dimensions as can be evaluated. For example, solution and cycle performance times, analytic value, accessibility/reach are all crucial dimensions where metrics should be defined and consistently monitored for optimization opportunities. Doing so will help to bring about a significant shift in Performance Management capabilities.

The current trend is to start from scratch and re-implement performance management (EPM or xP&A) solutions to address challenges with the status quo solution effectiveness. Unfortunately, this extreme step is very costly and not likely to produce high-value results.

Topics: EPM ROI, Performance, EPM, xp&a

Discover the Value Formula to evaluate and implement EPM and xP&A solutions for success!

Posted by David Den Boer on Fri, May 14, 2021 @ 08:05 AM

It is said that there is no accounting for taste. Meaning, there is no mathematical formula that can define and score what individuals prefer. This is because each person has their own “taste” or set of subjective preferences they find appealing, and attempting to distill this highly variable process of selecting what one finds attractive, tasteful, even beautiful to a digital formula for universal criteria is considered impossible.

For some reason, this same subjectivity has reigned in the world of Enterprise Performance Management (EPM) solutions for too long, as I will argue. With the advent of xP&A (Extended Planning & Analysis), which can be thought of as high-intensity EPM, deciding which solution to buy is more critical than ever.

Topics: Enterprise Performance Management (EPM), Performance, sap, xp&a

Introduction to SAP Disclosure Management

Posted by David Den Boer on Thu, Feb 25, 2021 @ 11:02 AM

Overview

SAP Disclosure Management is an application within the Enterprise Performance Management (EPM) suite.  It is used to improve organisations’ reporting where multiple users need to contribute to reports, and accuracy and consistency is critical. Key examples are the Annual Report and Accounts, returns to financial markets and regulators, and internal reports such as board report “books”.

Disclosure Management, as a process, is also known as the “last mile of finance”, where the culmination of all previous steps – financial close, variance analysis, and re-forecasting – are all key ingredients in what is reported to external stakeholders at the culmination of all subordinate tasks. In today’s world of increased expectations of closing faster, integrating financial and operational processes via advanced versions of EPM  – like xP&A – the appetite for more integration, automation, and on demand timing is at the highest point ever.

The business case for Disclosure Management is that it manages and streamlines the process of bringing together multiple data sources and text required in external reporting all of which are owned and authored by multiple teams and which require approval by multiple approvers.  Some clients choose to outsource performance of this function to a third-party service provider, while others purchase tools for in house use from vendors like Workiva and SAP. We won’t weigh the value of internal or external functionality in this space, but if a decision is taken to perform this function internally, this article provides an overview of the business case for and operational structure of SAP’s Disclosure Management product.

Business Case

The below diagram created by SAP demonstrates the issues faced in reporting that Disclosure Management is designed to streamline.

A typical process leading to a major reporting output such as an annual report or regulatory filing will often have a wide range of data sources.  For example, General Ledger systems, Enterprise Performance Management applications such as SAP BPC, SAC, Group Reporting and BFC as well as manually created inputs such as written text.  These data sources often feed into numerous Excel and Word documents that form part of the reporting output.  The report sections require approvals and collaboration within the organisation that can be difficult to monitor and coordinate.  The sections of the report that have been created separately need to be put together into the final output.  In the past, the output may have only been a printable format such as a Word document or PDF file, but a number of legal and regulatory filings require electronic submission, notably via XBRL.


Topics: Enterprise Performance Management (EPM), Business Intelligence (BI), Analytics, Financial Information Management, Data

COVID-19: How To Update your EPM Solution & Avoid Exposure by Long Planning Turnaround Times

Posted by David Den Boer on Wed, Jul 15, 2020 @ 12:07 PM

The COVID-19 pandemic hit just like the children’s game of musical chairs. As the music of our economy stopped, if you were not near a safe place to sit, you were caught out in the open…finding yourself at risk. Similarly, your EPM solution was likely being enhanced, and upgraded on a certain path before the virus came into being. Any EPM strategy not ready for intensified operations learned the hidden weaknesses of their solution.

To make you feel better, almost no EPM solution was ready for this.

Whatever the state was of your EPM solution, that is the tool you had to wield as you navigated your organization through  the impacts of the virus. As we said in part one of this blog series, the jarring impact to the market doesn’t specifically need to be the virus, it could be anything. Just some unpredictable market influence that won’t wait for long running processes.

Topics: Thought Leadership, Enterprise Performance Management (EPM), Performance, Performance Tuning

COVID-19: A time for Leadership - Leveraging Enterprise Performance Management in Times of Crisis

Posted by David Den Boer on Fri, Jun 19, 2020 @ 05:06 AM

"The Chinese use two brush strokes to write the word 'crisis. ' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger--but recognize the opportunity." 

John F. Kennedy, US President 

It's the sort of blockbuster movie plot you'd expect to see while sitting in the dark confines of a movie theater, booming audio and a gasping crowd. A thrilling plot has your eyes riveted to the screen, where the dramatic tension is only broken when you run out of popcorn or the movie ends. In that scenario, you can return to your "real life" in a little over an hour, with no discernible life altering impact. It is now clear this COVID-19 provocateur is no movie; this virus will not go away so quietly without leaving an indelible impact on the world.  It most certainly will impact how you and the leadership team rely on your EPM software and Enterprise Performance Management in general. 

For this article, we'll define EPM software as Gartner does as dealing with “the process of monitoring performance across the enterprise with the goal of improving business performance.  Other activities we'll include under the Enterprise Performance Management umbrella are FP&A modeling, budgeting, forecasting, reporting, and consolidation.  Keep reading to find out how our plot unfolds. You'll learn how to avoid high latency, Excel centric planning.  You'll also learn 3 stages of recovery and the leadership principles needed to accelerate  your Enterprise Performance Management and remodeling during COVID-19. 

Topics: Thought Leadership, Enterprise Performance Management (EPM), Performance, User Experience

EPM Summit Event | Best SAP BPC & SAP Analytics Cloud Training

Posted by David Den Boer on Tue, Jan 14, 2020 @ 02:01 AM

Column5 is excited to announce the release of the 2020 EPM Leadership Summit Agenda.  A unique opportunity for users of SAP BPC and SAC Solutions to learn, share and network in its 11th successful year! Part of a series of over 40 events promoting SAP EPM worldwide. Coverage has included 20 US cities, Canada, the Philippines, Singapore, Milan, London, and counting. Don’t miss out on our growing community of SAP EPM users – join us in Vegas this year!

Topics: SO - Functional Track, SO - Executive Track, SO - Technical Track, epm summit

David Den Boer gets inspired on the EPM Summit Network and wants all EPM customers to embrace his vision

Posted by David Den Boer on Thu, Dec 12, 2019 @ 08:12 AM

Is there an EPM Summit this year? What is this Network?!

If you’ve ever been to the legendary Column5 EPM Summit event, I know what you’re probably thinking. The event was so awesome, networked with great people, took in great content, engaged in deep discussions, found solutions to our problems, learned so much with hands on practice…it was even fun.  

Why would you ever change the EPM Summit Leadership Event to the EPM Summit Network? As the kids would text: IKR? (If you’re like me and recently find yourself in the 50+ demographic, that means: I know, right?) 

Topics: EPM, sap bpc, User Experience, EPM Roadmap, epm summit, technology

What do Rock, Paper, Scissors have to do with a successful technology solution? It shouldn’t be a secret…

Posted by David Den Boer on Wed, Nov 13, 2019 @ 08:11 AM

We all played the old game “rock, paper, scissors” (aka Rochambeau) to settle a dispute or just for fun. Everyone knows the simple hierarchy that forms a path to victory - rocks crush scissors, paper covers a rock, but scissors cut paper. This is a lesson we learn as children, but such simple hierarchies of superiority can govern outcomes in professional life too.  

Topics: Analytics, EPM, sap bpc, technology

Annual Planning Season: Horror Movie or Walk in the Park?  Let’s Discuss!

Posted by David Den Boer on Mon, Oct 14, 2019 @ 00:10 AM

It’s that time again…no I’m not talking about Halloween; I mean something that can be even scarier – the dreaded Planning process! Ever feel like there’s a “Ghost in the Machine” haunting your users with poor performance and system instability?

Many organizations have a rough experience simply getting their planning solution deployed and operational the first time they go live. They adopt a belief that the system is so fragile that any adjustments like patching software components, risk causing the solution to crumble.

Topics: sap bpc, BPC11, BPC planning Master Data and Data Structure

5 EPM System prep steps to take before budget season

Posted by David Den Boer on Fri, Jul 27, 2018 @ 13:07 PM

Summer brings days at the beach and the inevitable sunburn, while winter delivers snow and shoveling. Budget season? Well, that can mean a scramble to make sure your EPM software is 100% ready when entering a planning cycle. If your organization is like most, updating your EPM system is a priority during the off-season—especially if major improvements are on the punch list. The following five steps can ensure the smoothest possible experience—and keep the drama to a minimum:  

Topics: Roadmap, BPC v10 upgrade, BPC, Product Focused, reporting, sap bpc, SO - BPC v7.x, SO - BPC v10.x, SO - BPC v11.x, SAP Analytics Cloud, User Experience, tuneup, analytics tune up

Subscribe

Recent Posts

Posts by Topic

see all

3  S T E P S

To Enhance Your EPM Performance:

 1.Get Your Ultimate Guide to Improving SAP EPM Performance

ebook 2

 Learn what could be contributing to your poor performance and how to diagnose common problems. Get tips that will empower you and your team to improve the  performance  of your system in order to get the most out of your SAP EPM Investment.

Get the e-Book

 

2.  Test Your BPC Performance 

Benchmark 2

Get a BPC performance report card and custom report to identify performance issues you may not even know you have.

Test my BPC

 

  3. Get Your EPM Assessment  

Assessment

Our assessment delivers a complete, best practice roadmap for you to follow.  We’ll work together to assess what you need to pivot your financial forecasting, planning, reporting and analysis to handle the compressed requirements from the volatile COVID-19 environment. 

New Assessment