16 Sep 10 Top Benefits of using SAP BPC for Producing Management Reports
10 Top Benefits of using SAP BPC for Producing Management Reports
Many senior executives are now under pressure like never before to ensure their organisations achieve targets in areas like income generation and cost control.
They therefore need timely management reports, revealing key performance data in financial and other respects. These documents can contain balance sheet, cash flow or profit and loss account figures and details of returns on equity or investment, for example.
In our ever-more complex business world, executives often ask operational staff to deliver additional reports or for extra details to be included in existing documents. These employees are, of course, already grappling with other ground-level issues.
The most advanced and effective way to tackle all these challenges today is implementing SAP’s Business Planning and Consolidation (BPC) solution. This set of software capabilities creates, administers and delivers management reports, by collecting, transforming, reporting and even analysing data automatically. It therefore banishes the need to establish and maintain outdated, time-consuming and often error-strewn methods, such as Excel spreadsheets.
10 top benefits of using SAP BPC to produce management reports
SAP BPC offers at least 10 key advantages over traditional ways of generating management reports:
- Collaboration: The solution facilitates easy working between an organisation’s people and teams, integrating seamlessly with numerous source systems.
- Consolidation: SAP BPC consolidates data in a controlled way, converting amounts submitted in different currencies, for example, to produce a single version of the truth across a business. It performs checks and balances of reconciliations as it goes, ensuring completeness and accuracy.
- Reliability: SAP BPC’s proven robustness and reliability allow reporting processes to be owned by business users, with little or no involvement needed from IT specialists.
- Appearance: The solution offers reports in various formats, permitting high-quality standardisation in the look and feel of documents across a company, where required.
- Analysis: SAP BPC allows users to analyse data, using common reporting interfaces like Word, Excel, PowerPoint, the web and other business intelligence tools. It also enables organisations to simulate and evaluate multiple future scenarios in minutes or easily produce alternative reports, using different accounting principles, for example.
- Audit: The solution provides a clear audit trail, allowing organisations to trace data for reports back to source systems.
- Speed: SAP BPC shortens organisations’ reporting and forecasting cycles or book closure times, enabling businesses to react quicker and more astutely to their fast-changing circumstances.
- Errors: By largely automating reporting, the solution greatly reduces the scope for human errors and the time it takes to identify and resolve them.
- Compliance: SAP BPC can easily produce management reports forming the basis for future external reporting, meeting legal and regulatory compliance demands.
- Confidentiality: The solution allows businesses to save reports offline, completely disconnected from its database, and permits access based on users’ individual rights, for example.
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SAP BPC is available from us as an on-premise solution or as a service in the Opal Wave BPC Cloud.