How can IT help in implementing Activity Based Costing?
Continue reading "How can IT help in implementing Activity Based Costing?" »
Continue reading "How can IT help in implementing Activity Based Costing?" »
My previous blogs series “Why do you need profitability analysis?” sets the context for profitability analysis. The next blog “Activity based costing for profitability analysis (Part 1)” highlights the need for Activity Based Costing (ABC) for profitability analysis. Once we are convinced about the need for profitability analysis and ABC, we have to figure out how to go about implementing ABC for our organization. This blog discusses the typical challenges in implementing ABC.
Continue reading "Activity based costing for profitability analysis (Part 2 of 2)" »
In my previous blog of this series, I briefly spoke about the capabilities of SAP EPM financial consolidation tool(s) - inherent as well as the ones over and above legal & management consolidation and reporting functionalities. In the following discussion, I’ll talk about IFRS, the possible solutions for transition and finally share some of our learning’s from an experiment we carried out involving US GAAP and IFRS.
Continue reading "The new weapon for the CFO’s knights (Part 2 of 3) – Conquering IFRS" »
Continue reading "“SAP BPC Owned by Business developed by IT” is it a reality or myth." »
In the previous blog series titled - “Why do you need profitability analysis?” we discussed how profitability analysis can help a business analyze the profitability of one’s offerings (product, customer, channels etc); manage costs by identifying the non-value adding activities; and provide a benchmark to measure the output of an improvement initiative.
Continue reading "Activity based costing for profitability analysis (Part 1 of 2)" »
In my previous blog, I have discussed pros and cons of SAP BusinessObjects Planning and Consolidation as a unified tool for planning and consolidation vs. multiple planning applications. In this blog, I will further illustrate benefit of using SAP BPC for planning and consolidation. SAP BPC as a single application for planning, budgeting, forecasting, consolidation, and reporting functionalities, eliminates the need of multiple applications that require manual integration.SAP BPC offers following features and functionality from a single enterprise scale application.
Strategic planning
Budgeting
Forecasting
Statutory consolidation
Reporting & analysis
Predictive analytics
Continue reading "SAP BPC: Unified tool for Planning & Consolidation (Part II of II)" »
In my previous blog posts, I spoke about how volatile economic cycles, the ensuing regulatory requirements and thus evolving business expectations, are leading to a shift in the epicenter of the CFOs office - towards business strategy and growth alongside financial stewardship.
Continue reading "The new weapon for the CFO’s knights – An Introduction (Part 1 of 3)" »
In the part 1 of this blog (http://www.infosysblogs.com/sap/2009/09/why_need_profitability_analysi.html#more), we discussed few of the pain points that business are facing today. Moving ahead let’s see how would profitability analysis help solve them and how can such a solution be implemented.
Consider a scenario where your company creates profitability report for its products, product lines, customers, channels and geography; or any combination thereof. You as a sales manager sort the customers based on their profitability and know the most profitable and least profitable customers. You treat your most profitable customers best. You also analyze the unprofitable customers and devise plan either to make them profitable or divest them. You have information about the customer-product profitability and clearly know which products to focus for maximizing the company’s profit.
Continue reading "Why do you need profitability analysis? (Part - 2)" »
So, starting with where we left in the first part (http://www.infosysblogs.com/sap/2009/08/enterprise_performance_managem.html#more). There are a few broad areas that EPM covers at the strategic and operational levels – Strategy Management; Business Planning, Forecasting and Budgeting; Financial Consolidation; Profitability Management; Management Reporting & Analytics for your Business Functions (e.g. Supply Chain Performance Management).
Continue reading "SAP BPC: Unified tool for Planning & Consolidation (Part I of II)" »
In my previous post, I introduced you to the new ‘financial controlling’ order and how SAP has evolved to keep abreast with the ever changing business requirements, especially the CFO’s office.
Continue reading "The Evolving Financial Consolidation Landscape (Part 2 of 2)" »
Continue reading "Why do you need profitability analysis? (Part - 1)" »
Continue reading "The Evolving Financial Consolidation Landscape (Part 1 of 2)" »