SAP Financial Planning
SAP Financial Planning is a set of tools that helps finance teams combine financial data, operational data, and external data in one place. With SAP Financial Planning, teams can analyze all this data to uncover insights that can help them plan for the future and make more profitable decisions. SAP Financial Planning includes a set of planning, forecasting, budgeting, and analytical activities that support a company’s major business decisions and overall financial health. With SAP Financial Planning, finance teams can get the in-depth insights they need to make informed decisions about the future of their businesses.
Key capabilities of SAP Financial Planning include:
SAP Financial Planning is a set of tools that helps finance teams combine financial data, operational data, and external data in one place. With SAP Financial Planning, teams can analyze all this data to uncover insights that can help them plan for the future and make more profitable decisions. SAP Financial Planning includes a set of planning, forecasting, budgeting, and analytical activities that support a company’s major business decisions and overall financial health. With SAP Financial Planning, finance teams can get the in-depth insights they need to make informed decisions about the future of their businesses.
Key capabilities of SAP Financial Planning include:
- Planning and forecasting: Includes functionality for finance teams to create detailed plans and forecasts for their businesses. This includes the ability to create scenarios, run simulations, and track actuals against plan.
- Budgeting and cost management: Includes a budgeting module that helps finance teams manage their budgets more effectively. The module includes features such as cost center planning, activity-based costing, and project budgeting.
- Financial analysis: Includes a set of powerful analytical tools that help finance teams understand their data and make better decisions. These tools include financial statements, profitability analysis, cash flow analysis, and more.
- Reporting and dashboards: Includes a reporting module that helps finance teams create custom reports and dashboards. This module includes features such as report builder, query designer, and user-defined functions.
Key benefits of SAP Financial Planning include:
- Analyze data to uncover trends and relationships
- Plan for the future with confidence
- Make more profitable decisions
Key Considerations for SAP Financial Planning:
- Consider use cases before moving financial planning and reporting to the cloud. Evaluating a move to SAP Financial Planning in the cloud involves several considerations. Important factors include understanding how the transition will impact existing processes and procedures, data migration considerations, and training needs. By taking all of these factors into account, businesses can make a well-informed decision about whether moving to SAP Financial Planning in the cloud is the right choice for their organization.
- Article Recap: How to Take Financial Planning to the Next Level with SAP BPC. When it comes to financial planning, SAP customers have a lot of options. However, many customers are still using SAP Business Planning and Consolidation (BPC) for their financial planning needs. There are a few reasons why SAP BPC is still a popular choice among customers. First, it offers a high degree of flexibility when it comes to data modeling and customizations. Second, it has a robust forecasting engine that can handle large amounts of data. And finally, it integrates seamlessly with other SAP applications, making it easy to use for customers who are already using other SAP products.
- Understand shift from FP&A to xP&A. xP&A is an extension of financial planning and analysis that takes into account the entire business, not just one department. It provides real-time plans across all departments which allow businesses to be agile enough for changing scenarios by breaking down silos between them with seamless connectivity enabled through cloud computing technologies.
22 results
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Connected Planning Software for a Successful Business Strategy Implementation
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Streamlining Financial Planning with Web-based Solutions from Phocas
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SimpleFi Trend Report
Are you curious how inflation has impacted companies in the past few years? Do you still do all your planning in excel? You’d be shocked to know that 80% still do. Read this trend report study that Canam conducted with SimpleFi Solutions and SAP to see some surprising, eye-opening data that may encourage you to…
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Performance Reporting on Your Investments
How to optimize reporting and planning processes using technology.
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BARC Recognizes Phocas’ FP&A Software in Global Planning Survey
Phocas has established itself as a prominent player in the FP&A domain, as highlighted in BARC's 'The Planning Survey 24'. This survey, conducted between November 2023 and February 2024 with 1,272 participants, evaluated 21 products on 33 KPIs, including Business Benefits and Customer Satisfaction. Phocas excelled, securing top positions in multiple KPIs and leading in…
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Premium
Actionable insights into cash flow dynamics with Phocas’ 3-way forecasting
For SAP users, maintaining financial health supports growth investments, secures strong credit ratings through timely debt repayments, and offers flexibility to adapt to market shifts, economic downturns, or unforeseen challenges. In the distribution sector, cash flow management is crucial due to the dynamic nature of inventory, accounts receivable, and payable cycles. This requires optimal inventory…
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Become Your Organization’s MVP with Cross-Process SAP Analytics
Finance teams are being asked to take a leading role in organizational data as business look to do more with less during these uncertain economic times. A recent study indicates that by 2025, 50% of FP&A leaders will be responsible for an enterprise-wide data strategy. However, finance teams struggle to easily access SAP data that…
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What Is xP&A Exactly and How Does it Relate to S&OP?
Business executives are desperately grasping for a solution that will help them prevent a repeat of the previous few years’ supply chain insanity. The first truth to reveal is that there is no “one size fits all” answer or “silver bullet” solution or magic pixie dust to sprinkle on and solve all aspects of this…
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The Future of Analytics and Financial Reporting: Data-Informed Planning
The upcoming webinar, “The Future of Analytics and Financial Reporting: Data-Informed Planning,” offers a comprehensive exploration of modern financial planning and analysis (FP&A). Phocas Software covers the shift from static to dynamic reporting, emphasizing the advantages of real-time insights and adaptability. The webinar also focuses on fostering data literacy across organizations to empower every member…
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What is Extended Planning and Analysis (xP&A)?
Financial professionals have taken on an increased role in the planning process, as many companies face difficult economic conditions and changing consumer preferences. One powerful tool that many of these businesses rely on is Extended Planning & Analysis (xP&A). xP&A provides a unified platform for data access facilitating the real-time flow of information and empowers…
