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11) Optimized Planning for SAP S/4HANA enables real-time data processing, reducing extract, transform and load (ETL) batch jobs and thus increasing system response.Herewith, when establishing for instance a companies’ sales budget, the outcome of the sales budget can have a real-time link with a companies’ production budget and/or purchase budget and/or expense budget etc.Budget owners, herewith, have immediate access to the status of budget activities.
The extent to which (traditional) annual plans are created in a static manner, determines the ease of applying revisions to these plans across multi-dimensional levels.
Besides, traditional budgets lack integration among underlying plans, increasing budgetary slack.
6) The application of control sets in SAP BPC significantly decreases lead time.
The system calculates data inconsistencies by one push of a button and then generates an overview containing data deviations. Drag and drop-functionalities enable stakeholders to easily analyze figures.
Focusing on the budget cycle, BPC is equipped with several tools ensuring an accelerated and accurate budget process.
Examples of value-adding functionalities in SAP BPC: 1) Web-based business processes guide users through the budgeting process.
3) The Work Status feature in SAP BPC is used to lock data, preventing additional data changes after submitting the final budget.
4) Budget proposals can easily be generated based on actuals or previous plan versions.
Budgets serve many corporate needs that can be divided in 4 main functions: Common budget challenges, when establishing near-term future results for multinational companies, include the pursuance of an accurate and efficient budgeting process.
Although the budgeting process between large and small companies does not significantly differs, the size of a company is strongly related to throughput time and the degree of complexity to establish annual plans. One of the main reasons for wasting productivity when it comes to annual plans, is the level of detail that should be applied for a budget.