Financial Planning is great start for Enterprise Business Planning
One of Henri Fayol still very relevant 14 principles of management was “Unity of Direction” which articulated the value of an aligned plan across the enterprise. This is super critical for business to have aligned plan.
Technologies have evolved essentially to make this alignment happen more and more seemless. ERP was one of the key innovations that helped getting the process aligned. Next wave is to see performance management and planning facilitate the alignment for quick decision making.
I am always fascinated about moving towards a real “Enterprise Business Planning” architecture. The tip of the iceberg is financial planning. Like what happened around ERP which also started with financial ledger, the planning process is centered around financial planning as great starting point.
Extend the investment in SAP New GL
Any ERP implementation involves a lot of thought process is crafting the business model into the ERP, whether it’s the structure of accounts, or the identification of profit/cost centers or configure the various companies – with necessary relationship built between these to reflect the right business model, in order to get the data available in a useful way to understand the business. Now when such an effort is invested and reinvested, lot of our SAP customers would like to extend this intelligence into the Analytics and Business Planning. So essentially customers would like to take this model into the planning system, and use it for reporting, analysis and forward forecasts in a familiar and flexible environment.
This is essentially what we have done with the new Rapid deployment solutions –for New GL financial planning
Key Capabilities of this new solution:
Best-practice financial planning model – Rapidly incorporate purpose-built SAP Best Practice Data Model when building your financial planning solution
– this facilitates rapid insights into actual information, quick analysis of plan vs actuals or period on period
-Quick reforecast by adjusting plans
– Analyze based on key financial and business attributes already modeled into ERP
Best-practice data integration model – Access best practice data integration to accelerate creation of financial statements. Best practice data integration objects and process steps enable SAP New G/L customers to rapidly report financial data in SAP® BusinessObjects™ Planning and Consolidation, version for SAP NetWeaver®
Best-practice templates for financial planning and analysis – Rapidly implement and extend financial plans and reports, based on best-practice templates, for reporting and analyzing SAP New G/L data in SAP BusinessObjects Planning and Consolidation
With the SAP Business Objects Planning and Consolidations NW 10.0 going generally available, this RDS solutions is going to be a huge value for existing SAP ERP New GL customers.Its likely to provide quick value by ability to get this solution running in 5 weeks.