The most basic qualification for making a career in SAP BPC is a sharp and logical understanding of Management Accounting concepts such as planning, budgeting, forecasting and consolidation. Finance work or education is a strong plus and so is experience in SAP FICO and/or SAP BI.
Business objects Planning & Consolidation software helps organization to plan future Income & Expenses as well Consolidate their Investments. It is a robust planning and consolidation application that can catter all of your budgeting, planning, consolidation, and reporting requirements. You can generate consolidated financial and managerial reports for a globally distributed business or entity. The application can aggregate financial data from SAP and non-SAP systems into a single analytical reporting environment, enabling you to monitor the financial performance of individual sub-units.
Solid strategic and operational decisions demand a reliable, up-to-date foundation of management. Reporting and analysis, planning and budgeting - these are the activities that help your company achieve the optimized costs, performance, and profitability it needs to stay agile and competitive in today's dynamic markets.
Unfortunately, it's not always possible to gather all of the information needed for these activities in time to facilitate informed planning and efficient consolidation. Tedious, error-prone, and incomplete approaches to organization and technology often hinder effective planning and consolidation processes. Over time, this can put your company's success at risk.
Planning with SAP BPC:
In today's world of intense competition, it is necessary for organizations to plan and stay ahead. Planning is the life-blood of business, and the ability to spot opportunities and prepare for various courses of action has become imperative because the consumer's fast-changing needs require businesses to be vigilant and act with vision. To meet this objective, organizations are looking for software that can provide an enabling environment to handle planning needs. As we have discussed, SAP BPC has many features that make it an ideal tool for planning, designed to maximize your ability to manage and take ownership of data.
It's robust interface allows for customization and collaboration and makes it a compelling choice for planning. Unlike most software, this application reduces the dependence on the IT solutions team while providing more time for the team to handle the portions of application development and maintenance they best serve (i.e., system configuration and performance).
Consolidating with SAP BPC:
The consolidation functionality of SAP BPC provides an environment to report the financial results of your entire organization. You can use it to determine the financial health of the company as a whole, after taking into account the currency translations, elimination of inter-company transactions, and other necessary adjustments. When the consolidation report is prepared, the application considers different types of investments among organizational units.
Reporting with SAP BPC:
SAP BPC enables financial reports in multiple formats (US GAAP, IFRS, and SEC etc).For statutory reporting requirements, SAP BPC 7.0 M offers International Financial Reporting Standards (IFRS) starter kit. UBmatrix is required for electronic communication of financial statements using extensible Business Reporting Language (XBRL) format.
Who needs it?
CFOs and executive teams are under constant pressure to maximize profitability, reduce operational costs, minimize risk, and improve stakeholder confidence. SAP Planning and Consolidation (BPC) is the industry-leading technology solution that's up to the task.
Latest version of BPC is 10.0 (Prior to this we have 7.x and 5.x)
SAP BPC 10.0 has - Web Interface, EPM Add-In reporting, Consolidation Central, Multi-Source Reporting
We provide highly informative, very latest and easily understandable training videos with frequently asked questions by our previous students. You will be given assignments and your questions will be answered by our expert team who will be available for you 24/7.
On an average it takes 8 to 10 weeks of extensive training and it also depends on how much time student is willing to spend and absorb.
Technical consultants require the in-depth knowledge of how BPC is configured. How are the objects created in the system. It basically involves the creation and configuration of various objects and functionality in the system.
Functional Consultant needs to have a good understanding of the business and should also know how BPC works. Their responsibility includes understanding of the business requirement, and based on that they should be able to prepare the design document. This requires a good knowledge of the overall business, and also about the BPC system.
Which one do you teach, the technical or functional? Or both?
We teach both SAP Technical BPC and Functional BPC.
This could be anything from installation and configuration of the software, to training, to helping the customer customize the application to fit their particular needs, to whatever special projects or specified task(s) the customer needed assistance completing. To be more specific, it consists of Data Loads, creating of Dimenions, Application building, Appset copy, Performance setup's, Formula maintenance, Script logic, DM Packages/(Process Chain / SSIS Packages), Reporting Template creation, Audit set-up. If he is a functional consultant then his typical day will be more of Data Validation, Business Rules Set up, Currency Conversion, Consolidation methods, Eliminations and Journals.
As compared to other modules, how is the demand for SAP BoPC consultants and why?
In today's turbulent global economy businesses need a proven, easy-to-use tool for streamlining financial reporting and forecasting processes - one that delivers rapid ROI and business value that is measurable. SAP BPC is the best tool for the job.
What is the future of SAP BoPC? Is there any word from SAP if they will come out a major upgrade or even a version change?
The next version is SAP BPC powered by HANA. Also adding new futures like - Time Dependancy, Using existing BW, info-objects as BPC, Dimensions.
SAP BPC Training Schedule
|Tuition:||Call +1-832-419-7371 for Prices|
|Day 1||Sun 09/11/2016|
|Day 2||Sun 09/18/2016|
|Day 3||Sun 09/25/2016|
|Day 4||Sun 10/02/2016|
|Day 5||Sun 10/09/2016|
|RAM:||2 GB minimum|
|Headset:||With built-in microphone|
|Operating System:||Windows XP or newer|
|Operating System:||Mac OS|
|Online Meeting||GoToMeeting (GoToMeeting.com)|
|Remote Support||TeamViewer (TeamViewer.com)|
|Timing:||9am to 5pm us cst (CST)|
|Books/Guides:||Step By Step Guide|
|System Access:||90 Days|
(Monday to Friday, 9am ~ 5pm [CST])
The training is object oriented & very Interactive with extensive use of markers & highlighter for effective & Advanced.
The session starts with a bird's eye view of the Business, followed by closer look at system design.
The instructor has worked in Banking, Insurance, Consumer Products, Utilities and Manufacturing clients. His real-time experience across these domains leverage mixed domain expertise to you so there is no need to re-invent the wheel.
The instructor will assign 2 projects to you from Day-1 and guide you through out the entire process. The experience you gain by these projects will leave you comparable to very senior SAP BPC consultants.
Depending on the number of students in the class, you may be paired with another student to simulate team work.
Very clean, consise message board for students only. Covering all aspects of SAP software. Students can post their questions in the message board on our website and the entire group get email notifications when a reply is posted.
During the discussion / lecture the instructor will highlight the questions which the students are likely to encounter in the certification / interview.
All the Session Assignments will roll up to a bigger project work so you perform a real time SAP BPC implementation project.
Each session is a Building block to next session, that teaches you a logical way of putting nuts & bolts of BPC to design a big machinery.
The Instructor is a SAP Certified BPC Trainer.