SAP Business Planning and Consolidation (BPC)

SAP Business Planning and Consolidation (BPC):

Features include:
• Legal & management consolidation
• Currency conversion
• Inter-company eliminations
• Multi-tier allocations
• Journal entries
• Reports including P&L, Balance Sheet, Cash Flow, and Fixed Assets
• Standards-compliant including IAS, IFRS, FASB, GAAP
• Sarbanes-Oxley compliance
• Logic
• Reports

Most reports in BOP (Business Object Planning) can be replicated exactly in BPC using EVDRE and EVGET functions. Other reports may require some modification in format in layout - however to date, we have not found any reports that cannot be replicated. Input schedules - A key design issue relates to how workbooks can be replicated in BPC. BOP uses the concept of SPM's which provide a powerful way to create variable length input sheets and flexibility. To a large extent, spread rules can be replicated using BPC's Spread data option. BPC provides variable length input sheets using its EVDRE formula. Workflow - BPC uses more sophisticated workflow than BPC - BOP's workflow can be replicated and then enhanced in BPC. Non-validated dimensions - BPC has no concept of non-validated dimensions, i.e. all dimensions must be validated. Therefore the data form design requires to be amended to allow for this type of functionality.

SAP BPC's consolidation features in greater depth:

Currency conversion
SAP BPC enables multinational companies with global entities and subsidiaries to easily – and in real-time – calculate currency exchange rates and perform conversions for any number of denominations. With SAP BPC, converting your data from Euros to Dollars to Pesos takes seconds, not hours.

Inter-company eliminations
Understanding transactions from an inter-company perspective is vital to the integrity of your consolidated statements. This may result in the elimination or re-allocation of any number of your inter-company transactions. SAP BPC provides the tools you need to automate this normally time-consuming process, easily adjusting to the frequency, duration, and amounts of your custom-defined elimination requirements.

Journal entries
Manual and automated adjustments are an integral part of the periodic financial close process in today’s complex consolidation and reporting environment. SAP BPC provides complete support for flexible journal entry, reporting and tracking to meet your complex consolidation requirements.

Unified financial & management reporting
With SAP BPC, certifying your financial (and even operational) performance is now easier than ever. SAP BPC provides any number of standard and custom report templates enabling users to self-generate their reports quickly and easily—without IT or administrator assistance. A full spectrum of report types is available including P&L, Ebitda, Balance Sheet, Cash Flow, Equity, and Fixed Assets.

Complex ownership structures
Multinational enterprises face a unique set of consolidation and reporting challenges due to their oft-complex ownership structures. SAP BPC effectively addresses these challenges by providing the ability to report multiple ownership entities by time period, as well as the ability to make automatic adjustments for multiple ownership consolidation methods.

Multi-tier allocations
In order to ensure the accuracy of your financial information, you may need to allocate numbers throughout and across your organization. For example, you may need to re-distribute certain manufacturing costs to R&D. With built-in financial intelligence, SAP BPC can dynamically manage any type, number or measure of allocation.

Data integration (ETL)
With built in data integration and management capabilities (ETL), SAP BPC allows you to tap virtually any data source to access, capture and map your actuals data. Typical data sources leveraged by SAP BPC customers include: General ledger systems such as JD Edwards, Great Plains, and others; ERP systems such as SAP, Oracle, and PeopleSoft; transactional data from CRM, SCM, and other systems; and data from spreadsheets and other financial management products.

Compliance & Sarbanes-Oxley
SAP BPC provides an effective, secure process framework that ensures the highest level of accuracy, reliability, and consistency throughout the whole of your performance process—from budgeting and forecasting through financial close and reporting. Industry experts such as Gartner contends that performance software—like that from SAP BPC—can help in meeting the stringent requirements as set forth by Sarbanes-Oxley including report certification, process control, and faster reporting cycles.

SAP BPC: A comprehensive consolidation solution
Thousands of business users rely on SAP BPC every day to manage their most critical financial consolidation and reporting requirements. Key benefits and features of SAP BPC include the following:
• Unifies consolidated results on both a legal and management basis
• Shaves days and weeks from the financial close process
• Enables regulatory compliance such as Sarbanes-Oxley
• Provides a single, centralized view of operational and financial performance data
• Consolidates data in real-time from any number of general ledger systems and charts-of-account tables—creating a single COA structure
• Provides clear, transparent financial statements and reporting including P&L, cash flows, and balance sheets
• Compares budget-to-actuals data from a single application including assets, liabilities, revenues and expenses
• Automates the inter-company elimination process, providing clear transparency into corporate transactions at all levels
• Manages any number of currencies, performing conversions, allocations and eliminations as needed; supports currency triangulation
• Patented Microsoft Excel integration for intuitive data management and reporting
• Supports all reporting standards including GAAP, FASB, IAS