Enabling Budget Resilience with Scenario Planning Tools from Phocas
634 results
-
Premium
Enabling Budget Resilience with Scenario Planning Tools from Phocas
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…
-
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,...…
-
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...…
-
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...…
-
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...…
-
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...…
-
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....…
-
Enhancing Cybersecurity Resilience with High Availability and Disaster Recovery
SIOS Technology Corp. and Cimcor’s collaboration enhances cybersecurity resilience by integrating high availability and disaster recovery solutions with CimTrak, ensuring uninterrupted security operations and protection against potential vulnerabilities during unplanned downtimes.
-
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…
-
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...…
Your request has been successfully sent