Realize the full potential of plan consolidation in the SAP Analytics Cloud!
In dynamic, complex markets, globally active corporate groups need to be more agile, precise and efficient than ever before. One key to this?
A system-supported plan consolidation on a uniform data basis: Plan consolidation is a crucial process for corporate groups to record, process and present budgets or financial plans of group companies in local currency from various sources.
But what exactly is behind this and how can the SAP Analytics Cloud play a central role?
Why system-supported plan consolidation is key?
Imagine a globally active group of companies with numerous subsidiaries in different markets with different currencies. Here, a wide variety of transactions can quickly arise between the individual group companies, which must also be taken into account in planning.
Without the application of appropriate consolidation measures to the planning data (e.g. as part of budgeting or (rolling) projections), subsidiaries may be planning revenues and/or profits that do not exist from a Group perspective, as they would arise from transactions within the Group. The risk is distorted financial planning at Group level, which can negatively impact strategic Group management.
Know your data! A system-supported plan consolidation ensures clarity by correctly eliminating internal business transactions, such as sales between group companies, in group currency. Plan consolidation is thus indispensable for the sound and strategic management of the entire corporate group.
Why SAP Analytics Cloud is the game changer?
Put an end to complicated data imports. SAP Analytics Cloud makes it easy by providing intuitive tools for capturing financial data from various SAP and non-SAP sources.
Less manual work, fewer errors, more time saved. With the platform, many steps of the consolidation process can be automated, from data entry to currency calculation and intercompany elimination to report generation.
Consolidated group financial plans are presented in meaningful dashboards and reports, providing a clear view of performance.
SAP Analytics Cloud enables currency conversion to present consolidated results in a single currency.
"What-if" analyses and the use of artificial intelligence enable extensive simulations and the creation of different plan scenarios (versions) in a short time on a uniform data basis, e.g. contingency scenarios, (rolling) projections or long-term forecasts (medium-term or five-year planning)
SAP Analytics Cloud collaboration tools enable teams to communicate and work together more effectively.
Want to learn more? We offer you an exclusive insight into the world of elimination and plan consolidation with SAP Analytics Cloud in our special demo.
Contact us now and learn more!