What is SAP BPC

SAP BPC

SAP BusinessObjects Planning and Consolidation (formerly OutlookSoft) is a corporate performance management tool that can cater for all types of planning and forecasting, from simple small processes to complex multi layer processes, while also providing consolidation and easy to use reporting.
SAP BPC offers a robust, multiuser platform, which is fully integrated with Microsoft Excel. Initially leveraging off the power of Microsoft SQL Server and Analysis Services there is now another version that uses SAP Netweaver as its back-end database. Although similar, especially to the end user, these two versions of the product do offer different functionalities.
The main features of SAP BPC are:

Multi-Dimensional

The multi-dimensional nature allows users to “slice and dice” the data according their needs.

Dynamic

As SAP BPC utilises OLAP technology, this means that data is available as soon as it has been entered – no need to aggregate data.

Workflow Management
Enables an organisation to keep track of its progress through a budget/forecasting process. BPC is everything an organization needs to meet its financial and operational planning requirements, consolidation and reporting, all of which is now available through a single application and user interface. SAP BPC will help your organization achieve a unified process that will allow you to better plan, manage and improve performance. Better alignment of objectives, plans and tactics, improved decision-making and importantly, improved execution of organization objectives: these are some of the benefits of BPC.
                                         

Benefits of implementing SAP BPC:

• A faster month-end closing process
• Improved access to critical business information
• Reduced effort to produce information and reduced cycle times for budgeting / forecasting and consolidating actuals
• Cost reductions, better cash management and less financial risk from improved processes and a better view of the future  Improved process control using system workflow and version controls.