For organisations struggling with increased headcount costs and lost revenue as a result of inefficient processes and complicated group reporting systems, Rinedata can improve the overall effectiveness of the management function by streamlining business processes using a combination of cutting edge software from SAP and proven consulting services culminated over the last seventeen years - ultimately allowing more time for decision making and corrective action.
SAP BPC can be initially implemented to address one business process such as management consolidation but quickly be extended to address other processes e.g. This organic scalability is a unique differentiator of SAP BPC’s unified platform.
SAP BPC is a component of SAP EPM portfolio, an application dedicated to financial processes on a unified platform.
Owned by the business and designed for the end user, it is the target environment to support planning, consolidation and financial reporting.
It can do either partial or full ownership, multi currency and nice financial reporting. Once initial setup is done the Monthly consoles are super easy. You might want to watch this free video here on Proformative: "Financial Consolidations and Reporting: The Alignment of People and Technology" https:// Best of Luck... The close process for multi-national companies still takes time (closing the local entity ledgers, including revaluing any multi-currency balances), closing inter-company transactions, elimination entries, and consolidation (I'm assuming FASB 52 compliant) take some time.
Hi, at this moment, wich is the ERP installed in your company? If you are looking to replace your full ERP solution then understanding all of the required steps in your close process is important.
We’ve recently launched a new automation tool to help our clients manage their SAP systems.
It’s called Consolidator, and it provides the means to merge multiple instances of SAP more safely, quickly and cost-effectively than ever.
The first thing to recognise was that there’s no doubt SAP system consolidation is a very complex problem, and time does need to be taken to get it right.
It supports planning, budgeting, and forecasting capabilities with management and legal consolidation functionality in a single application.
You can quickly adjust plans and forecasts, shorten budget cycle time, close the books more quickly, help ensure compliance with regulatory and financial standards, and get the information you need to make more confident decisions.
To do that would take significant resources and someone in the corporate dictator role to make the change happen.
That could be possible with your organization – in most companies it is not.