SAP BPC – Planning & Consolidation

SAP BPC is part of SAP EPM suite

SAP® solutions for enterprise performance management help you increase organizational alignment and agility, make better decisions that drive profitability, and deliver a faster, more reliable close-to-disclose process.
Designed to be best in class for domains from planning through disclosure management,
the solutions support processes that span domains, such as managing financial performance and accelerating the financial closeto-disclose process.

SAP solutions for EPM include the following applications:

1•SAP Strategy Management application –
Communicate objectives and initiatives, align business units, allocate resources
to key priorities, monitor and report on progress, and proactively take action when
issues arise
2•SAP Business Planning and Consolidation
application – Leverage combined planning, budgeting, and forecasting functionality
with management and legal consolidation to improve planning accuracy, quickly run
different scenarios, shorten budget cycle time, close the books faster, and help ensure
regulatory compliance
3•SAP Profitability and Cost Management
application – Accurately measure product, customer, and channel profitability, and
optimize to improve the bottom line

4SAP Financial Consolidation application – Enable faster, more reliable consolidations,
and move beyond mere reporting into analysis of the why and how of your finan-
cial events
5•SAP Intercompany application – Enable business units to reconcile intercompany
balances at the invoice and transactional level via the Web

6•SAP Disclosure Management application – Reduce the time, risk, and cost associated
with the production and approval of both financial and nonfinancial regulatory statements, disclosures, corresponding eXtensible Business Reporting Language (XBRL)
submissions, and other associated output formats

 SAP Business Planning and Consolidation

SAP Business Planning and Consolidation lets you streamline the bottom-up and
top-down financial and operational planning processes using a single application. The
application is available in a version for the SAP NetWeaver® technology platform and
can be powered by SAP HANA; there is also a version for the Microsoft platform. Familiar
applications such as Microsoft Excel and a modern Web client serve as native interfaces
to the software, so you can minimize training and foster adoption to improve budget cycle
times and achieve better results.
With innovative features such as business process flows, you can rest assured that
processes such as annual budgeting or closing the books are carried out according
to corporate guidelines. www.sap.com/epm

 History

OutlookSoft Corporation was a StamfordConnecticut based software company with products for business performance management including planning, consolidation, forecasting, budgeting, dashboards, predictive analytics and reporting. Along with OutlookSoft, other vendors in the performance management space include SASCognos and Business Objects.

In June 2007, SAP AG announced its proposed acquisition of OutlookSoft as a part of its strategy to challenge Oracle Corporation.

OutlookSoft’s largest product was revamped as SAP BPC (Business Planning and consolidation) after acquisition by SAP AG.

Roughly speaking; SAP BPC = formerly OutlookSoft.

 General capabilities

SAP® BPC™ (Business Planning and Consolidation) is a unified, predictive performance platform that delivers the following core process functionality and features from a single enterprise-scale application and database:

  • Strategic planning
  • Budgeting
  • Forecasting
  • Statutory consolidation
  • Reporting & analysis
  • Predictive analytics
  • Scorecarding