Justifying SAP EPPM Investments with Workbench for Financial Processes
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Key Takeaways
⇨ Organizations face challenges in financial management due to factors such as cybersecurity threats, lack of real-time data access, and complex operations, necessitating the adoption of comprehensive financial management strategies and software.
⇨ SAP Enterprise Project and Portfolio Management (SAP EPPM) streamlines project management processes and enhances collaboration, providing essential tools for planning, tracking, resource management, and commercial project management to support robust financial management.
⇨ Platinum DB Consulting's EPPM Workbench improves financial processes by reducing costs related to month-end closing, simplifying portfolio-level project planning, and streamlining workflows, thereby enhancing overall project performance across organizations.
Financial processes and management can be tricky for organizations to get right. Some of the reasons include precision planning, cybersecurity threats, lack of access to real-time data, debt, tax compliance, complex operations, and lack of business insights.
To stay ahead of the financial management hurdles, organizations must implement robust financial management strategies and software that can adapt as businesses evolve with technology.
SAP Enterprise Project and Portfolio Management (SAP EPPM) is an enterprise project management solution that enables businesses to streamline their project management processes, enhance collaboration and make data-driven decisions, ultimately resulting in enhanced project performance across the entire business.
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SAP EPPM provides tools that can boost financial management such as planning and tracking, resource management, commercial project management and project planning.
Platinum DB Consulting, a SAP consulting and services partner, helps organizations keep financial management issues at bay with its EPPM Workbench, a central hub that complements SAP’s EPPM tools. The EPPM Workbench is the central cockpit for driving key financial processes. The finance team can perform mass update events such as month-end forecasting and forecasting snapshots at the portfolio level. Additionally, finance departments have the option to import or export data to SAP S/4HANA.
How the SAP EPPM Portfolio Workbench benefits organizations:
- Cost reduction: The Workbench reduces the cost of an organization’s month-end closing costs. Moreover, the Workbench also reduces the cost of integrating project scoring, budgeting and portfolio prioritization processes.
- Simplifying business: The integrated solution organizes and simplifies businesses portfolio level multi-project planning, budgeting and forecasting.
- Streamlined workflows: It provides an intuitive workflow driven approach for a company’s portfolio mass update events.
The SAP EPPM Workbench is comprised of SAP EPPM, Business Technology Platform, SAC Analytics and SAC Planning. Additionally, the EPPM Workbench includes integration with the PDB portfolio level scoring and prioritization engine. The scoring and prioritization engine delivers an auto-project ranking feature. The engine can embed different ranking drivers and algorithms to rank projects for prioritization. Lastly, users can select a project and drill-down to BTP EPPM Forms and SAP S/4HANA transactions through this solution.
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