Advantages performing consolidation through SAP BPC
Hi Every one,
We have so many reporting tools and consolidation process are available in the market, But many of people are interested in SAP BPC. here I mention some of the advantages performing consolidation through SAP BPC
Legal and management consolidation
The application provides a systematic process to perform legal consolidation. You can also perform management consolidation using different sets of data to highlight different scenarios for management, as well as parallel consolidations with different categories of data and using different accounting principles.
The design of the application’s system for consolidation enables the consolidation process to run in a controlled manner, with the ability to perform checks and balances along the way. This mitigates any errors during the process and ensures the completeness and accuracy of the data.
Multiple source systems
You can compile financial data from various source systems into a single system for the purpose of consolidation.
You can generate reports based on consolidated data, which you can then use as a tool for measuring the organization’s performance. The reports allow you to view key metrics such as return on equity, ROI, and so on.
Validation of data
You can analyze different sources of data used to generate the consolidated data to ensure that the data is valid and reliable. You can also reconcile the data in the application with the source system, facilitating reliability.
The application supports the extensive collaboration needed to gather data from multiple sources. This helps with the consolidation of data from diverse sources.
The main business benefits of SAP BPC include reduced planning and consolidation cycle times, accurate reporting that meets statutory requirements, and minimized compliance risk due to quality of data.