What is SAP BPC?
SAP Business Planning and Consolidation (SAP BPC) application online training mainly assists in planning, budgeting, forecasting, and financial consolidation capabilities for businesses, so you can easily adjust plans and derive accurate forecasts, speed up the present budget, and decide on closing cycles, and also ensure compliance with financial reporting standards.
Hyperion DRM:
Oracle Hyperion Data Relationship Management (DRM) online training is an enterprise change management solution for building and retaining consistency within master data properties despite endless changes necessary to support underlying transactional and analytical systems.
Principal Benefits of SAP BPC:
The benefits of SAP BPC are:
•Collaboration: The solution facilitates easy working between an organization’s people and teams, integrating seamlessly with the numerous source systems.
•Consolidation: SAP BPC consolidates information in a controlled way, converting amounts submitted in different currencies, for instance, 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 enable reporting processes to be owned by business users, with little or no involvement needed from IT specialists.
•Appearance: The solution provides reports in various formats, permitting high-quality standardization in the look and feel of documents across a company, where required.
•Analysis: SAP BPC enables users to analyze data, using common reporting interfaces like Word, Excel, PowerPoint, the web, and other business intelligence tools. It also enables organizations to simulate and evaluate multiple future scenarios in minutes or easily produce alternative reports by using different accounting principles.
•Audit: The solution offers a clear audit trail, allowing organizations to trace data for reports back to source systems.
•Speed: SAP BPC shortens organizations’ reporting and forecasting cycles or book closure times, allowing businesses to react quicker and more astutely to their fast-changing circumstances.
•Errors: By largely automating reporting, the solution greatly decreases 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 enables businesses to save reports offline, completely disconnected from their database, and permits access based on users’ rights.
Benefits of Hyperion DRM:
The benefits of Hyperion DRM are:
•Dynamic scripting: It allows Data Relationship Management administrators to develop business logic for derived properties and validations using JavaScript. Dynamic scripts offer a more robust and better-performing alternative to formulas, using a standard scripting language. Scripts enable better organization and less complexity of logic through the use of multiple statements, variables, and in-line comments. Dynamic scripts also offer support for advanced concepts such as looping and regular expressions.
•Import from Database Tables: The external connections to relational databases can be used to import data from database tables into Data Relationship Management. An import profile can source information from tables in a single database. Here, each section of an import profile can be mapped to a single database table. A query filter can be configured to import a subset of information from the source database tables.
Pros and Cons:
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Pros of SAP BPC:
•Front-end of SAP BPC is Excel-based, so drag and drop functionalities can be allowed to easily analyze the figures.
• We can load information from different source systems.
•This software has assisted in simplifying, streamlining, and automating the whole budgeting process.
Pros of Hyperion DRM:
•Develop several reports or graphics to cope with needs at very different levels such as operational, management, and investors.
•The reconciliation of accounts.
•Finance data management.
Cons of SAP BPC:
• Protection of information could be better since creating restrictions based on multiple combinations is quite difficult.
• The performance when using dimensions with several massive data records could be improved.
Cons of Hyperion DRM:
•Here, reporting and analysis is not too good.
•There is the ability to sync with all the different new databases and big databases should be improved.
Conclusion:
Both of them were unique in their way. SAP BPC is real-time data. You can send data into the system and see it reflected in your reports immediately. Other systems may need a manual push into a reporting system. Hyperion handles the creation of budgets with multiple chart field segments or dimensions, which most other budgeting systems cannot handle well. It can aggregate these very quickly.
GoLogica offers the most comprehensive and in-depth SAP BPC and Hyperion DRM online training that is designed by industry professionals who have more than 15-18+ years of experience to help you with your career.
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