The "C" in BPC: Understanding Consolidation Functionalityin SAP Business Planning and Consolidation and otherClose-to-Disclose solutions SAP Customers are UsingElizabeth Milne, SAP

@ElizabethEMilne

In this session

Obtain an overview of leading practices for achieving a faster,more accurate financial close using financial close anddisclosure management tools from SAP, including:

Automation of workflows, making the assignment of responsibilities and sharing of informationacross finance teams more efficient and timelyStreamlining and simplifying the creation, filing, and publication of financial statements within anappropriately controlled and auditable environmentExamining new ways to gain greater visibility into your company’s financial results

Automate, centralize, standardize any step in the financial close process

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Agenda

Barriers and Challenges to a Faster Accurate Close

SAP Enterprise Performance ManagementEntity CloseCorporate CloseReporting and Disclosure

Wrap-Up

Introduction

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The challenge is…

Data – accuracy and predictabilityHistorical data in multiple systems andspreadsheets – no central, data store

Process – efficiency and standardsNo linkage and enforcement with standardbusiness processesConsolidation process takes too long and iserror prone

Execution – usability and adaptabilityMany consolidation products are difficult touse and inflexible – designed for power usersToo much dependency on IT for businessspecific tasks

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Compounded by…

The dynamic regulatory landscapeInternational Financial ReportingStandards (IFRS)EU Accounts Modernization DirectiveSarbanes-Oxley Act (SOX)Industry specific requirements

Requirement for faster reportingNeed for greater accuracy

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How fast do you close?

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Accounting and financial close

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Accounting and financial close

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SAP financial close management solutionsEntity close: SAP Financial Closing cockpit

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SAP Financial Closing cockpitPerfect planning, execution, and monitoring of the entity financial close

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The Dow Chemical CompanyA Faster, Less Costly Financial Close Process

The SAP Financial Closing cockpit along with SAP Central Process Scheduling from Redwood allow us

to build the global close schedule with one template and implement that globally throughout Dow.

We really wanted to go to one place to see where we were in our close schedules. The ease and the

flexibility of the financial closing cockpit is actually fantastic.

Sandra Hartman-Holbrook, Finance Manager, The Dow Chemical Company

750+Subsidiaries world-widewith almost 50,000employees

Tangible benefitsIncreased efficiency, improved visibility, and reduced costs

1000Financial closejobs each month

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SAP financial close management solutionsEntity close: Traditional intercompany reconciliation process

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SAP financial close management solutionsEntity close: Peer-to-peer intercompany reconciliation

process

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Account ReconciliationSAP Endorsed Business Solution

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Accounting and Financial Close

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SAP Business Planning and Consolidation*Streamlined planning and a faster, more compliant close

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Data LoadingLeading Practices: Integration and automation (eliminate manual activities)

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ControlsLeading Practice: Automated checking and exception-based reporting

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Group StructuresLeading Practice: Single global system for both local and group

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Currency TranslationLeading Practice: Flexible, fully automated currency translation

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Consolidation ProcessesLeading Practice: Automated calculation and posting of Entries/ Adjustments

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AuditLeading Practice: Complete and easily verifiable audit trail

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Consolidation MonitorLeading Practices: Central monitoring and approval processes

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ReportingLeading Practices: End-user managed consolidated reporting

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Czech Aeroholding Improving Financial Transparencywith SAP Business Planning and Consolidation

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Starter kitsFaster legal compliance – reduce implementation time, effort and risks

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Fast implementationPre-packaged content reduces implementation times

Financial close starter kits available today

Application Starter kit

SAP Business Planning and Consolidation, versionfor SAP NetWeaver

IFRS &US GAAP

SAP Business Planning and Consolidation, versionfor the Microsoft platform IFRS

SAP Financial Consolidation IFRS & JGAAP

SAP Disclosure Management IFRS &US GAAP

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SAP rapid-deployment solution for financial close anddisclosure management

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Accounting and Financial Close

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Reporting and DisclosureLeading Practice: Reporting capabilities tailored to needs of specific users

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Financial Results Insight on iPad

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The Challenge of Regulatory DisclosuresLack of automation, visibility, and control

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SAP Disclosure ManagementAddressing the last mile of finance

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MetcashDelivering the Goods in Corporate Governance with SAPDisclosure Management

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Empowering more efficient Finance with SAPHANA

The Most Modern Platform for Real-Time Financial Excellence

Real-Time FinancialClose

Real-TimeFinance

Operations

Real-TimeTreasury

Management Real-TimeCompliance

Real-TimePerformanceManagement

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SAP HANA Enterprise CloudManaged, Monitored and Maintained by SAP & Ecosystem

Wrap-Up

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Further information

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Social Media

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Questions?

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