Enabling Budget Resilience with Scenario Planning Tools from Phocas

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  1. Streamline Budgeting and Planning with Accurate, Timely Data

    Successful planning and budgeting requires insights based on accurate data. Gaining this insight can be difficult, however — organizations often rely on outdated processes that do not deliver timely, accurate insights. Discover how a business planning approach that focuses on consolidating data, modeling forecasts, and automating budgets can help you develop reliable reports and improve…
  2. financial reporting

    Pitfalls and Hacks in Cloud Project Budgeting and Accounting

    Reading time: 11 mins

    Explore the pitfalls and hacks in cloud project budgeting and accounting. Understand key concepts such as the run and build view on the IT budget, project investment, capitalization, depreciation, cloud pricing structure, and challenges in cloud implementation. Get insights and strategies for organizations to effectively allocate resources, mitigate risks, and maximize the benefits of their…
  3. Case study: How Texas’s largest school district implemented an SAP budgeting and planning solution

    Houston Independent School District (“HISD” or “District”) is implementing SAP Budgeting and Planning for Public Sector (“SBP”) solution. This implementation project is divided into two phases. Phase 1 scope is to implement SBP’s Personnel Expenditure Planning (“PEP”) functionality to calculate the Personnel Costs relating to the District’s budget. HISD SBP Phase 1 will only include…
  4. The “Story” of Oz Minerals Leveraging SAP Analytics Cloud (SAC) to Provide Valuable Insights into Budgeting for Asset Maintenance Costs and Activities

    OZ Minerals, a modern mining company, invested in SAP Analytics Cloud (SAC) to support their reporting, analytics and planning processes, giving the individual assets the ability to build, manage and support their own financial and operational planning and reporting capabilities. Learn more about OZ Minerals journey. This content is for SAPinsider Monthly Subscription, SAPinsider Annual…
  5. Ask the FI/CO Expert: Improve Your Cost Center Budgeting Speed with Automated Dependency Planning

    Tony Rogan responds to a reader who wants to partially automate CCA planning. The answer, he says, is dependency planning. Key Concept     Dear FI/CO Expert, Many of our planned costs are dependent on other costs or quantities. Next year we’re going to partially automate CCA planning. Could you tell me the best way…...…
  6. How to Select the Most Suitable Active Budget Availability Control Solution for Your Organization

    Learn about the different tools available in an SAP system to implement active budget availability control and how to select the most appropriate tool for your organization based on its financial, cash flow, and budget control objectives. Key Concept Organizations of nearly all types and sizes hold a budget. The budget is a monetary depiction…...…
  7. It’s Time for Finance to Captain the Boat

    Financial planning and analysis (FP&A) is a top financial concern for SAP customers, according to a recent SAPinsider benchmark report, “SAP S/4HANA Finance: State of the Market,” where more than 400 individuals across all lines of business from nearly 150 companies were surveyed regarding their strategy for SAP S/4HANA Finance. However, many organizations are still…
  8. Strategic Versus Standard Financial Planning in Healthcare Using SAP BPC

    Building a standard financial planning, budgeting, and forecast model in healthcare presents a daunting challenge because the key performance indicators (KPIs) are unique to each organization and the market conditions are ever changing. The KPIs for a cancer specialty research center may be quite different from those of a group of family medicine practitioners or…
  9. 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…...…
  10. 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…