This is the sixth of a series of LinkedIn posts where Paluma answers the question: “How to leverage a full S/4 Finance implementation for budgeting and legal and management consolidation purposes?”
Gary Simon, a member of the Institute of Chartered Accountants, sees the biggest problem in preparing the financial statements for the fact that differences within the company are often recognized late. Then the different posting logics and valuation approaches in the group become apparent and differences arise, which have to be corrected. However, this is very late in the consolidation process.
With the implementation of S/4 HANA and BPC Optimized, SAP is currently paving the way for Real-Time Consolidation (RTC). What has long been considered a far-away vision is becoming true now with SAP BPC Embedded: The consolidation of the most up-to-date financial data on a button-click.
What has long been considered a far-away vision seems to become reality now: The consolidation of the most up-to-date financial data on a button-click. With the implementation of S/4 HANA and BPC Optimized, SAP is currently paving the way for Real-Time Consolidation (RTC). This whitepaper will focus on the functional aspect to make RTC a reality.
„…Tomorrow belongs to those who can hear it coming…“(David Bowie). Realtime-consolidation is becoming true now with SAP BPC Embedded. In this paper we shed some light on the future of SAP-based consolidation. In the sense of David Bowie we argue that Tomorrow in consolidation tools belongs to those who can hear it coming.
Successful medium-sized companies often have very specific requirements with regards to the functionalities of a planning & consolidation tool. Tangible and immediate benefits as to process cycle times, data quality and transparency are expected. Nonetheless the system needs to be flexible and should be manageable by functional departments. In our recent project at a German chemicals company SAP BPC proved to be ideally suited for efficient consolidation solutions in SMEs.
With its 500 years of history Orell Füssli AG stands for reliability, quality and security, but also for the utilization of advanced technologies in favor of its customers. When it comes to internal processes like planning and consolidation, Orell Füssli expects efficiency, highest data quality and user-friendly system support. The new Business Planning & Consolidation solution (BPC) that was implemented by Paluma perfectly reflects these values.