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Author's profile photo Pras Chatterjee

Financials and Planning – Coming Together in Nice

Next week on June 15th to 18th in Nice, France the SAP Finance community in EMEA comes together for SAPinsider Financials 2015. In the spirit of “coming together” it’s interesting how there is so much excitement around our SAP NetWeaver based planning solution, SAP Business Planning and Consolidation, version for SAP NetWeaver and the content provided through Integrated Business Planning for finance. 

The introduction of SAP Simple Finance last year caused a great deal of excitement among finance professionals. The innovations within SAP Simple Finance modernize the SAP ERP Financials solution by leveraging the native capabilities of the SAP HANA platform with next generation architecture and a reinvented user experience including SAP Fiori.

Strides in Planning and Forecasting

In the area of planning and forecasting, SAP Business Planning and Consolidation has made great strides.  We all know of the issues faced by customers that plan in spreadsheets, however one of the greatest pet peeves of any Office of the CFO planner is the lack of integration between their financial data in ERP and what resides in their planning solution.  Too often there is still considerable manual work performed by finance professionals, whereby they are reconciling the difference in data between their ERP and their Planning systems at the end of each month.  This may be due to the fact that updates made in the GL were not updated in the planning solution, or new Master Data (e.g. a new account or cost center) created in ERP wasn’t reflected in their planning system.  With SAP Business Planning and Consolidation, version for SAP NetWeaver we have now made that integration a reality for customers, leveraging the SAP BW NetWeaver platform to keep data and master data consistent through quick and easy connections.

Integration Leads to Customer Value

With SAP Simple Finance, the integration and customer value has become even stronger.  Customers can work on one SAP ERP powered by SAP HANA, with SAP Business Planning and Consolidation installed directly in this ERP environment.  Actuals for data and master data will also be available in true real time meaning that as transactions hit SAP ERP, they are automatically updated in the planning environment.  This planning deployment for SAP Simple Finance based on SAP Business Planning and Consolidation, version for SAP NetWeaver is referred to as Integrated Business Planning for finance, thus truly highlighting the “coming together” aspect of ERP Financials and Planning.

It’s all happening in Nice!

There are a lot of great sessions that will be taking place in Nice, France next week as part of SAPInsider Financials.  I encourage you to join me as I present topics such as Leverage SAP Business Planning and Consolidation, version for SAP NetWeaver and SAP Simple Finance to integrate your business plans in a real-time manner and the 2015 guide to the newest capabilities of SAP Business Planning and Consolidation 10.1 

I shall look forward to seeing you in Nice!

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