The Future Behold for SAP Business Planning & Consolidation

SAP BPC

Several large-scale businesses rely upon the BPC (Business Planning and Consolidation) scheme to support their financial processes and accounting progress. Using such a system solution requires business owners to design a well-thought-out transfer process whenever an upgraded application is launched in the industry.

Talking of transformation and BPC, we can’t leave out one of the primary market leaders, SAP. The SAP BPC service, like any other technological application process, has transformed over the years. It initially was only a theoretical on-premises solution. But in recent years, it has been marketed alongside cloud-based systems and other “software as service” solutions.

This post examines the regulated resources and the required implementation options to assist consumers in determining the right choices while transitioning towards a better technologically managed future. It includes better experiences for customers with the help of machine learning.

A Quick overview of SAP BPC:

What is SAP BPC?

SAP BPC is a system application and product Plugin that allows businesses to schedule, prepare, estimate, and consolidate their finances. The business planning and consolidation service offers a simplified approach with a comprehensive understanding of the operative and monetary resource data that facilitates successful Performance Management systems.

It also aids the performance of several tasks, as adjusting strategies, schedules, and predictions, while speeding up the expenditure and closure processes.

Currently, SAP BPC is available in two versions:

  • SAP BPC Microsoft platform 
  • SAP BPC for net weaver platform

According to technical experts, both the services are similar as up to 80% in function.

The vital benefits of using SAP BPC?

  • It’s analysis and support to resolve any possible risk and helps to formulate plans and strategies based on those different scenarios. It supports the companies to make more innovative and thought-out judgments and assessments.  
  • It aids the alignment of your company’s business initiatives with its organizational priorities reducing IT costs and increasing operational efficiency.
  • It enables the companies to share data. This action improves the effectiveness of corporate management strategies and responsibilities. 
  • Upgraded efficient security practices

The different critical services performed by SAP BPC?

  • Creating a Budget plan
  • Formulating Corporate Forecasts
  • Analyzing data
  • Consolidate 
  • Increase productivity and efficiency
  • Producing analytical Reports
  • Suggest strategies based on predictions
  • Smooth the distinct business processes, teamwork, and collaboration with other partners

Why is there a Need to Establish a new SAP Lifecycle? How will it Transform the current BPC Implementation Process?

When an organization’s long-term strategies last for many years, technical managers often face transition difficulties in ensuring the application software remains accessible to corporate clients.

But when these strategies go on for several years beyond planning, the hardware systems or equipment housing, the software can experience ‘end of life’ issues, deteriorating number of system experts, and other servicing and maintenance issues.

And now, with the launch of the futuristic ERP cloud system S/4HANA, technically progressed companies and businesses will soon have to consider making a prominent investment of resources and transitional strategies to accommodate this homogeneous software.

However, companies wish to extend the use of SAP BPC before moving on to transitioning their whole system for S/4 HANA. So, if you are inclined to extend the long-term use of SAP BPC, you need to formulate proper service strategies and make the required changes.

Remember that businesses that plan to transfer the system to S/4HANA will not likely be interested in spending resources on technologies that aid pre-HANA applications. As the S/4 HANA cannot run programs on any pre-HANA equipment.

What Should be the Next Course of Action for SAP BPC?

Considering the above-discussed factors, companies should take the following sets of actions to extend the use of SAP BPC application software and ensure its proper functionality.

  • Continue maintaining the currently used TB PC system without making any changes even after the termination of servicing time, risking the system to H/W faults, ungrounded F/W, or S/W complications. 
  • ‘Pick up and Transfer’ the entire system to a modem cloud computing provider that offers various types of pricing and investment strategies.
  • Re-establish existing adaptations and groundwork such as replacing previous equipment with new ones, renaming the support service contract, etc.
  • Switch the current system to an entirely new SaaS system model. Then you can subscribe for BPC from any PMC SAP provider. 
  • Avoid the headache of handling a cloud-based SAP Software solution component; you can shift your system to an SAP technology platform. 
  • You can also transfer your system to SAP MSP, an entirely professional management software service that can be on-premises at first. You can then choose to ship the systems to the cloud if required.

*Although the first option might not be a brilliant choice for proper functioning long-term use of SAP BPC.

Conclusion

Companies can use any of the above options to make the needed changes for extending the use of their BPC depending on their business requirements. Companies can also acquire required help from managed service providers or SAP MSPs to look after their distinct SAP tools and automation services.

Remember, your SAP consulting services also play a significant role in turning around the quality of your operations.