Introduction To SAP BPC & Goals
The Business object Planning consolidations or the Business Planning and Consolidations (BPC) is considered one of the various modules available in the offerings of SAP ERP. It is the new leading tool for different choices of the organizations / companies all around the globe in order to assist the closed financial process. This article will give you a deep understanding of the high level concise of the SAP BPC 10.0.
The objective behind writing this article is to help the below professionals / readers.
- The consultants who are working with SAP BPC and defined the niche with the world of SAP ERP.
- The mortals who are looking for a career in SAP BPC.
- End users of the business who are trying to have a good understanding of the overall system.
- The consultants of the technical BPC who are willing to look for more of the context on the financial and accounting sides.
- The consultants of the financial BPC who are looking for more of the financial and accounting sides.
The overall content of this post is meant as an introduction part. It consists of detailed technical configuration and detailed subjects by setting up in the different other posts as well. All the posts that are related to the post are based on the product of SAP BPC 10.0 from the functionality standpoints and technical configurations.
Goals:
The goals behind the post is to provide the complete details shown below.
- What is meant by SAP BPC?
- Who uses SAP BPC?
- What is SAP BPC used for?
- What are the functionalities that one can expect from the SAP BPC 10.0?
- Complete information about the SAP BPC
SAP BPC has many functionalities and features that will meet the business requirements of a company. In this article we are going to discuss the features of SAP BPC for the financial consolidations. Hope it will offer the reader a good perspective on how the BPC is suitable for the process of financial associate.
Currency Translation:
The currency translation is often referred to as the process of converting balances of one specific company or entity from local to global currency representation.
You might think, why is this function essential??
Suppose you have two companies that are subsidiaries of a single parent company. In this, the parent company is an American based company and is required to submit the statements of financial consolidations to the agencies of the US government. Two subsidiaries are located in China and France. Each of these subsidiaries have transactions in the local bodies. We cannot combine them since the rate of exchange between EUR and RMB is not one to one. Hence, in order to offer the consolidated statements of finance we have to convert the currency transactions to the USD equivalent.
Initially, the SAP BPC has good functionality in converting the balances from the local to a global currency (it is a USD that can be established as a presentation currency). There are many steps involved in performing conversion currency at present.
The business end users are typically charged the financial generated with the SAP BPC. They all know the various processes in not only understanding the technical details but also with the coded program that is involved. All the business end users don’t have a BPC system but they can consume the information which is based on the finance. Let us know some of the business end user groups to find in a company or in an organization.
FP and A Group: It also means financial planning and analysis. It is defined as the group of an organization that can be used to conduct different types of activities everyday.
The daily activities include as described below:
Forecasting and planning: The financial planning and analysis groups are used to plan the SAP BPC planning for the future finance and also for the forecast financials.
The information gathered in the SAP BPC can also be used in the hooked up process which is also known as the other ERM tools like crystal reports, business object dashboard, and other management reports.
Management Reporting: It is defined as the results that are used to produce formatted BPC and analytical reports to the team of management.
The SAP BPC 10.0 version in the SAP BW/4HANA is still at the third place in the BPC product on the market of the BPC Microsoft (MS) and NetWeaver (NW). From the number 10 it is very easy to know that BPC 10.0 is not a new product. It is often renowned from the BPC 10.1 NW as a platform in which it is renovated with improvement and simplifications.
What’s new in BPC 11.0? Already we have learned about BPC11.0 at which it can be talked about what is not possible with BPC 11.0.
Let us move into the details.
Financial Information Management (FIM):
The Financial Information Management (FIM) is known as a data integration tool which is a part of the SAP EPM (Enterprise Performance Management) portfolio solution. It is also used to sync the transaction data among the products of EPM that means both BPC NW and BPC MS.
The integration with financial information Management (FIM) isn’t possible with BPC 10.0. We also may know where the BW/4HANA is termed the next generation information warehouse solution for the SAP with information along with the enhanced collection.
BPC embedded web reporting and planning:
Most often for the embedded model of the BPC 10.0 planning and web reporting capability is not available. Besides, you don’t have the ‘Library’ from the people who use that with the model of embedded. Analysis plug in is considered as the planning and reporting for the moment.
For web based planning and reporting the scenarios of the business will go to the design studio of Lumira 2.0.
The analytics of SAP cloud can often be used as the analysis and reporting extension of the embedded BPC through live data acquisition and data connection to the BW/4HANA. Besides, the users also look deeper into the integration between BPC and SAC that can be embedded for both planning and reporting as a good offering future option.
Conclusion:
Hope you have got the complete and detailed information about SAP BPC and its goals. Still, you have any queries in the topic related to SAP BPC, feel free to comment in the below section.
