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.

16 results

  1. Become Your Organization’s MVP with Cross-Process SAP Analytics

    January 23, 2024

    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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  3. The Future of Analytics and Financial Reporting: Data-Informed Planning

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    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…
  4. What is Extended Planning and Analysis (xP&A)?

    Reading time: 2 mins

    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…
  5. Top SAP Analytics Cloud Q3 2023 Quarterly Release Updates for Finance Teams

    Reading time: 4 mins

    Many finance teams within SAP organizations face a similar struggle – essential business processes are frequently siloed and disjointed and require manual interventions on a regular basis. This not only takes significant time and financial resources, but it introduces the possibility of errors. Finance teams must utilize advanced tools and solutions to keep pace with…
  6. CFO

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    The office of the CFO has seen an unparalleled expansion in its roles and responsibilities in recent years. Beyond just financial concerns, CFOs must also navigate ESG and GRC issues, mitigate fraud and other risks, and prepare for financial and supply chain disruptions. In this article, we will examine a list, provided by Kyriba, of…
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    In today’s business climate, finance leaders are being asked to accomplish more and more, often with the same budgets as in years past. They are frequently tasked to participate more in strategic discussions, which requires crucial information that they often lack. Organizations are constantly on the lookout for ways to improve insights. The SAPinsider finance…
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    Planning is essential for the long-term success of any business. This is why many organizations are migrating from financial planning and analysis (FP&A) to extending planning and analysis (XP&A). FP&A ranks among the most common pain points and planned future investments. Legacy FP&A processes can hamper the process of making decisions and cause teams to…
  9. 12 Key FP&A Reports for Improved Business Visibility and Impact

    Reading time: 9 mins

    Financial planning and analysis (FP&A) is a vital component of any organization’s overall economic well-being and success. FP&A is, at its core, a cycle of collecting data, analyzing that information, and making decisions based off of that analysis. Because of this, FP&A teams must be able to provide specific and actionable business insights to empower…
  10. Deliver Financial Insights with End-To-End Process Optimization

    April 25, 2023

    Join insightsoftware’s Senior Solutions Engineer Mark Pockl as he demonstrates how to combine Excel-based SAP tools to automate FICO data entry and install drillable, real-time financial reporting to gain valuable business insights. He’ll also be showcasing a tool that lets business users across departments act on financial data insights and automate SAP data processes. This…