Enabling Budget Resilience with Scenario Planning Tools from Phocas

538 results

  1. Enabling Budget Resilience with Scenario Planning Tools from Phocas

    Reading time: 3 mins

    Scenario planning process is often seen as time-consuming, leading to insufficient utilization and limits organizations’ capacity to prepare for or respond to changes. Many finance teams find themselves hamstrung by the limitations of their SAP ERP systems when attempting to implement effective scenario planning, a critical component of strategic budgeting and forecasting. The traditional reliance…

  2. 3 Ways to Handle Compensation Budget Imbalances Caused by Org Moves

    Learn the pros and cons of options for budget reallocation – manual and automatic – when you cannot postpone the movement of staff during a compensation planning period. Key Concept For many organizations, the compensation planning period is aligned with the end or beginning of their fiscal year. This is a time when many transfers,…...…

  3. SAP Compensation Administration Application Supports a Total Compensation Strategy

    The Compensation Administration (CA) application in R/3 is designed to link employee performance with company goals. In this first article in a series, the author explains how to prepare for a CA implementation. Using the example of a management incentive plan, she shows how to budget for a compensation/award plan. Over the past decade, the…...…

  4. Lessons Learned in Implementing SAP Enterprise Compensation Management

    Become familiar with SAP Enterprise Compensation Management (PA-EC). Take away tips about how to optimize annual merit plans, variable pay plans, budget reconciliation, approval processing, promotions, and lump sums. Consider how EC affects your other modules. Key Concept SAP Enterprise Compensation Management (PA-EC) is not an add-on to the Compensation Management (PA-CM) module in SAP…...…

  5. Introduce Budget Availability Control into Cost Center Accounting

    Learn how you can configure budget availability control for your Cost Centers with simple customizing steps. Key Concept Budget availability control in the managerial accounting (CO) and Project System (PS) modules is a standard SAP functionality that automates budget control through warnings and error messages. It also can send notification emails automatically to respective budget…...…

  6. Capitalize Assets with Budget Monitoring Using Statistical Internal Orders

    See a method of direct capitalization with budgetary control that eliminates the need to post to the internal order and settle it. This method is best suited for simple budget monitoring of certain groups of assets — for example, lump sum budgets for furniture and fittings. Key Concept In an SAP system, assets are capitalized…...…

  7. Use Document Types for Budget Availability Control in SAP PS

    See how, why, and where you can configure budget availability control based on document types to improve your project controlling efficiency with a standard SAP system. Key Concept Budget availability control in the Managerial Accounting (CO) and Project System (PS) modules is a standard SAP functionality that automates budget control through warnings and error messages…....…

  8. Broad Green Pictures Produces Oscar-Worthy Financials with SAP S/4HANA

    Before a movie can dazzle audiences, a lot needs to happen behind the scenes – especially when it comes to financing the creation and distribution of a feature film. This was a truth that the fast-growing independent movie studio Broad Green Pictures knew all too well. The studio started with basic accounting software, but as…

  9. Data-Driven Insights for Manufacturing Resilience

    SAP recently made updates to its supply chain solutions with data-driven insights to enhance supply chain operations’ resilience and sustainability. These updates include the integration of artificial intelligence (AI) into the SAP Digital Manufacturing solution, the introduction of 3D product and operations viewer capabilities in manufacturing, service, and maintenance processes, and the incorporation of sustainable…

  10. Dynamically Replace or Update a Script Logic File and Execute It in ABAP

    Using SAP Business Planning and Consolidation (BPC), version for NetWeaver and an ABAP Business Add-In (BAdI), you can dynamically change the content of the script logic file before you run it. Therefore, you don’t have to maintain multiple similar static script logics. This reduces maintenance efforts. Key Concept A Data Manager package executes business logic…...…