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SAP BusinessObjects Financial Consolidaon
What is SAP BusinessObjects Financial Consolidaon?
SAP BusinessObjects Financial Consolidaon (BFC) is part of SAP
Enterprise Performance Management (EPM) soluons,
which is a comprehensive set of soluons that help your company
capitalize on the value of your exisng data assets.
With patented database technology and through process automaon,
SAP BFC helps you recover crical me and cost
from your closing and management reporng cycles, without
sacricing any of the controls or auding needed for to -
days global compliance environment.
The applicaon provides the control your organizaon needs to
deliver reliable data to stakeholders, resulng in beer-
informed decisions and the ability to adapt quickly to change.
It is also exible, allowing divisions and business units to
run operaons in a way that makes business sense.
In addion to giving full process control to corporate nance, the
applicaon provides data transparency and traceability
to enable mely and accurate public disclosure and compliance
with corporate governance requirements.
With the latest releases of the new SAP BFC versions an even
more complete integrated soluon is launched:
Integrated soluon with Financial Informaon Management (FIM)
Integrated soluon with Intercompany Server (ICS)
Extended audit trail features from source ledger ll consolidated
data
Consolidaon enhancements
Compliance enhancements
Usability enhancements
Analysis enhancements
Extended XBRL capabilies
What does Gartner say?
According to Gartners Magic Quadrant for Corporate
Performance Management Suites, SAP has a steady high
posion brand in nance oces and is even sll climb-
ing in comparison with previous year. The CPM market is
dominated by three mega vendors for which SAP is one
of them.
SAP has a broad porolio of applicaons and connues
to grow its CPM footprint through acquisions and its
overall vision is very strong. The key strategic compo-
nents including SAP BusinessObjects Financial Consoli-
daon deliver a good breadth and depth of funconality
in all areas of CPM.
SAP is execung well on an aggressive road map to de -
liver integraon among the various acquired CPM appli -
caons in its porolio. SAPs linkage of CPM with gov -
ernance, risk and compliance (GRC) through its Strategy
Management component is a visionary move.
Figure 1. Magic Quadrant for Corporate Performance
Management Suites
Source: Gartner (March 2011)
Focus on integraon.
Centre oers SAP EPM services and experse with a strong focus on
integraon of processes and applicaons. Organisa -
ons will benet the most from SAP BFC if they manage to implement
the following SAP EPM modules:
Financial consolidaon Complete your nancial consolidaon and
reporng cycles faster with complete
condence in your data.
XBRL publishing Simplify and accelerate the preparaon of XBRL
documents to communicate nancial and
business data.
Financial informaon management Leverage powerful connecvity,
mapping, and loading funconality designed
for business users.
Intercompany reconciliaon Accelerate your close by enabling your
business units to debate and reconcile
balances directly with one another and eliminate delays at the
corporate and divisional levels.
Why Centre Consulng?
Centre Consulng is the Special Experse Partner to help you
customize your SAP BFC and its related applicaons based
on many years of working experience with the SAP EPM Suite.
Centre Consulng is a professional services provider with
the SAP Special Experse Partner status for implementaon of SAP
BFC. We collaborate with our clients to opmize
nancial reporng processes and advise on the associated soware
soluons.
What do we oer?
Centre Consulng has a broad experience in many industries for
many years and delivers
high quality services that include:
Package selecon: support on selecon of group reporng
soluons.
Project management.
Process improvement: Fast close, IFRS, XBRL, Sustainability,
Risk Reporng.
Implementaon services: delivering soluons from analysis to
implementaon.
Training and rollout.
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