Article by Paul Davis “Without data, you’re just another person with an opinion.” – W. Edwards Deming As an EPM consulting leader for nearly two decades, I’ve watched with keen interest the growing phenomenon of Predictive Forecasting. To clarify, the term Predictive Forecasting is used to describe the process of generating future expected results based … Continue reading Predictive Forecasting Becomes an Achievable Reality
The fundamental success of your organization requires a solid understand of where you are, where you want to be, and how you get there. In short, it’s about having a strategic plan that’s aligned with the market, leverages it’s core competencies, and is methodically implemented and monitored. So why are so many companies challenged with … Continue reading How to Make Your Enterprise Planning Strategic in Nature
The Entity dimension is one of the most important dimensions in BPC. The SAP ECC has four different objects that can act as Entity like Cost Center, Profit Center, Business Area and Company Code. The planning can happen on any of the above based on company structure and planning requirements. The question is how we … Continue reading The Entity Dimension in BPC
Is your organization migrating from BPC7x MS to BPC10x MS? If so, a smooth migration is all about the details. Many people know to review and update the Reports and Input Schedules as necessary. And, teams remember to migrate and validate the other logic in the models. Migrating, it’s all in the details. What about … Continue reading Updating Custom Data Manager Packages when Migrating to BPC10X MS
You have BPC, and it integrates with your GL. You get updated master data and other data automatically. Life is good. So, why would you consider SAP Cloud for Planning? Because you can integrate your plans between Cloud for Planning and BPC (NW and MS platforms). BPC gives corporate the robust, enterprise planning environment that … Continue reading How SAP Cloud for Planning Augments SAP BPC
Financial organizations from a variety of industries think they are unique according to their reporting requirements. They will say things like, “We need to report according to GAAP, Management, Segment, Geographic Region, Tax, and,” the list goes on. We’ve heard it all. Luckily, these reporting requirements don’t make us bat a lash. With BPC, you … Continue reading Achieve Reporting Nirvana with Multiple Hierarchies
If you are trying to develop a Cash Flow Statement, data inconsistencies can turn you into a crazy person. Many have tried, all have become frustrated. Push button Cash Flow Statements aren’t always possible in many corporate environments, but that doesn’t mean all is lost. Instead of trying to work with the data problem, you … Continue reading Using BPC to Produce a Cash Flow Statement