Accurate planning, budgeting, forecasting and reporting have never been more vital. However, research has shown that over 50% of companies that use traditional budgeting tools and methods are unhappy with the process and the resulting business plan.
- Budgeting can quickly deteriorate into ‘spreadsheet hell’ as operations managers submit unrealistic budgets, executives change figures without their knowledge and version control problems cause further confusion. A report by KPMG indicated that up to 91% of spreadsheets contain undetected errors.
- Critical operational and financial information is often scattered across multiple applications and databases and trapped as unstructured data in text documents.
- Consolidations can be equally problematic when data is distributed across different departments, systems and even countries.
- Data collection and consolidation processes consume around 80% of the available time in the typical budget cycle, according to research.
SAP BPC helps you to get accurate, up-to-date financial and operational data for planning purposes, budgeting, forecasting, analysis and reporting.
- Rapid adoption through the use of Microsoft office tools
- More calculated decision making
- Reduced cycle times for creating and approving budgets
- Faster and more accurate closing
- Improved forecasting and reporting accuracy
- Support for GAAP, IFRS, IAS and FASAB
Interested in more information? Please contact us using the contact box on the right, or use our contact form.