Planning, Budgeting, Forecasting, and Group Financial Consolidation
EPM is the process of monitoring performance across the enterprise with the goal of improving business performance.An EPM system integrates and analyses data from many sources, including, but not limited to, e-commerce systems, front-office and back-office applications, data warehouses and external data sources. Advanced EPM systems can support many performance methodologies such as the balanced scorecard.
Enterprise performance management (EPM) is a field of business performance management which considers the visibility of operations in a closed-loop model across all facets of the enterprise. Specific to financial activities in the office of the chief financial officer, EPM also supports financial Planning and analysis (FP&A).
Enterprise Performance Management is a methodology to integrate different parts of the organisation, such as operations, finance, and strategy to work towards a common organisational goal. EPM empowers managers to plan, analyse, and report efficiently and provides Actionable Intelligence to make corrective actions. EPM must leverage the latest technological innovation to integrate process and people to help organisations stay ahead of the competition.
Sales & Operations planning or Supply Chain planning to meet the operational needs or to create powerful rolling forecasts for Financial Planning including Opex, Capex, HR, Revenue, etc., EPM can change the way you look at enterprise-level data. From Strategic Planning to Operational Analytics, we are specialists at architecting, building, and supporting your EPM solutions. We are specialists at implementing SAP BPC or SAP Analytics Cloud for Planning (SAC) solutions.
US GAAP, IFRS, or local statutory requirements, it is essential for organisations to optimise their financial close. We are experts in implementing Financial Consolidation and Group Reporting solutions to enable organisations to produce consolidated financial statements and to meet external reporting needs. We are specialists in implementing SAP BPC and SAP S/4HANA Group Reporting solutions.
SAP Analytics Cloud is a straightforward cloud solution connecting your people, information, and ideas to enable fast and confident decision making. Machine learning technology and embedded artificial intelligence help you to discover deep insights, simplify access to critical information, and empower informed decision making for all. Business Intelligence, Augmented Analytics, and Planning are the main features of SAC. It integrates with your data and planning solutions to simplify your analytics landscape. Connect to data from multiple different sources and visually analyse your information to see the full picture of your business and make better-informed decisions.
SAP S/4HANA Group Reporting is SAP’s strategic Financial Consolidation solution for the future. Group Reporting supports the computation, creation, and disclosure of consolidated reports that provide information on the performance of a corporate group. Financial Consolidation is the nexus of complexity and risk in the financial close process. This process involves numerous entities, ERPs, local accounting rules, currencies, and people; Therefore, plenty of room for errors. When entity accounting and group accounting have different ways to manage processes, it often results in disparate data silos. This can spur lost time and inefficiencies due to either duplicate reporting or lack of visibility into the details necessary to close the books at the end of the month. S/4HANA Group Reporting enables consolidated reporting and creates expanding value from a local view to a group view and showcasing statements as a united entity. Under one system, errors can be found earlier in the process, so at the end of each close, data is already prepared and in good standing. It also provides the foundation to apply predictive techniques and further automation of processes. The integration between SAP S/4HANA and SAP Analytics Cloud creates live data connections and depending on the report enables analysis of periodic or year-to-date (YTD) values of actual, plan, forecast, and variance data.
Short for Business Planning and Consolidation, BPC has robust Planning, Budgeting, Forecasting, and Financial consolidation capabilities. It enables organisations to adjust plans and forecasts easily, speed up budget and closing cycles, and ensure compliance with financial reporting standards. SAP BPC has both on-premise and cloud deployment options. It can integrate very well with SAP or non-SAP data. It also can be deployed in hybrid fashion along with SAP Analytics Cloud. It has three different flavours – BW/4HANA, NetWeaver, and Microsoft.