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How to manage scope changes with SAP BusinessObjects Planning and Consolidation

By vVolve

The scope of a project means the boundaries and deliverables of the project. Determining the scope of any project involves setting up project objectives, planning of tasks, budgeting, and of course, scheduling the delivery of each phase of the project. But it does not mean that once you have determined the scope and got all the relevant approvals, there can be no changes. In today’s dynamic business environment, organisations need to be ready for the unexpected. Scope changes have become more commonplace. Add to it the fact that there is always the problem of inconsistent, incorrect or missing data that threaten to derail projects. The best businesses can do in such situations to remain prepared for any uncertainties and manage changes when they crop up. SAP BusinessObjects Planning and Consolidation can help businesses achieve this.

SAP BusinessObjects Planning and Consolidation is a part of SAP’s Enterprise Performance Management (EPM) portfolio. It is a corporate performance management software that provides planning, budgeting, financial forecasting, and consolidation tools that can keep up with today’s fast-changing business circumstances. There are two versions of this software one designed for Microsoft platform users and the other dedicated to SAP NetWeaver clients. Though there are certain differences between the two versions, their offer similar service to the end users.

SAP BusinessObjects Planning and Consolidation is “designed for users, built for business”, which means that the interface is so simplified that most of the platform’s options are accessible with just one click. It basically puts power in the hands of the users who can effectively manage their business without the help of IT departments.

This software is designed to react almost immediately to any changing business condition. It uses the OLAP technology that makes data available as soon as it is entered, thereby doing away with the tedious process of aggregating data. Its agility reduces the time required for adapting to the new business scenarios and enables faster re-forecasts. With SAP BusinessObjects Planning and Consolidation, businesses can centralise data, and this enhanced integration leads to improved compliance and a decrease in business risks. This software is also multi-dimensional and allows users to select and analyse data according to their requirements. Apart from that, this software is totally transparent, reliable, and keeps track of audit trails from source to disclosure.

Businesses that have implemented SAP BusinessObjects Planning and Consolidation have been able to manage unexpected changes with greater precision, see remarkable improvement in the planning and consolidation processes and data integrity and experience increased control and accountability. In short, it can be said that SAP BusinessObjects Planning and Consolidation is the tool that modern organisations need today to meet their planning g and operational requirements.

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