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    Sap Epm Basics

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    Satabdi Sarkar

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    © All Rights Reserved
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    Sap Epm Basics

    Uploaded by

    Satabdi Sarkar
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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    0 views3 pages

    Sap Epm Basics

    Uploaded by

    Satabdi Sarkar

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    SAP Enterprise Performance Management (EPM) is a suite of tools designed to help

    organizations manage their financial performance, strategy, and operations? -


    SAP](https://www.sap.com/products/technology-platform/cloud-analytics/what-is-
    enterprise-performance-management.html). Here are the basics:

    ### Key Components

    1. **Planning and Budgeting**:

    - **Financial Planning**: Helps organizations create detailed financial plans and


    budgets. It includes tools for forecasting, scenario analysis, and what-if simulations.

    - **Operational Planning**: Aligns operational plans with financial goals, ensuring that
    all departments work towards the same objectives.

    2. **Consolidation and Close**:

    - **Financial Consolidation**: Automates the process of consolidating financial data


    from multiple entities, ensuring accuracy and compliance with regulatory standards.

    - **Financial Close**: Streamlines the financial close process, reducing the time and
    e ort required to close the books at the end of each period.

    3. **Reporting and Analytics**:

    - **Financial Reporting**: Provides tools for creating and distributing financial reports,
    ensuring that stakeholders have access to accurate and timely information.

    - **Analytics**: O ers advanced analytics capabilities, including dashboards,


    scorecards, and key performance indicators (KPIs), to help organizations monitor and
    analyze their performance.

    4. **Profitability and Cost Management**:

    - **Profitability Analysis**: Helps organizations understand the profitability of di erent


    products, services, and business units.

    - **Cost Management**: Provides tools for managing and controlling costs, ensuring
    that resources are used e iciently.
    ### Benefits

    1. **Improved Decision-Making**:

    - Provides real-time insights and analytics, enabling organizations to make informed


    decisions based on accurate data? - SAP](https://www.sap.com/products/technology-
    platform/cloud-analytics/what-is-enterprise-performance-management.html).

    2. **Enhanced E iciency**:

    - Automates key financial processes, reducing manual e ort and the risk of errors? -
    SAP](https://www.sap.com/products/technology-platform/cloud-analytics/what-is-
    enterprise-performance-management.html).

    3. **Better Alignment**:

    - Ensures that financial and operational plans are aligned with the organization's
    strategic goals? - SAP](https://www.sap.com/products/technology-platform/cloud-
    analytics/what-is-enterprise-performance-management.html).

    4. **Compliance and Accuracy**:

    - Helps organizations comply with regulatory requirements and ensures the accuracy
    of financial data? - SAP](https://www.sap.com/products/technology-platform/cloud-
    analytics/what-is-enterprise-performance-management.html).

    ### Use Cases

    - **Financial Planning and Analysis**: Creating detailed financial plans, budgets, and
    forecasts to guide the organization's financial strategy.

    - **Consolidation and Close**: Automating the consolidation of financial data and


    streamlining the financial close process.

    - **Performance Monitoring**: Using dashboards and KPIs to monitor and analyze the
    organization's performance.

    - **Cost Management**: Managing and controlling costs to ensure e icient use of


    resources.
    SAP EPM is a powerful tool for organizations looking to improve their financial
    performance, streamline their processes, and make better-informed decisions.

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