1. What is BoPC?
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 subunits.
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.
Its 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 intercompany 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.
2. 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.
3. Various versions, when they were released and what was different?
Latest version of BPC is 10.0 (Prior to this we have 7.x and 5.x)
BPC 10.0 has
- Web Interface
- EPM Add-In reporting
- Consolidation Central
- Multi-Source Reporting
4. How is your training different from others who offer at half the price?
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.
5. How long will it take for them to become job ready?
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.
6. What is the difference between technical and functional BPC?
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 functionalities 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.
7. Which one do you teach, the technical or functional? Or both?
8. Talk about a typical day for a BoPC consultant? Activities and responsibilities?
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