Companies that are seeking the most insightful top to bottom business intelligence and reporting tool should look no further than SAP Business Objects Performance Management software. Here is a crash course in exactly what is SAP and what this powerful software system can do.
The specific points to note about the capabilities of SAP Business Objects software is that it resolves transparency issues, enables smooth and uninterrupted communication across all company levels, and facilitates strategy and forecasting for radically improved business intelligence. Most of all, IT departments can better shape the expectations of management teams, simultaneously balancing all of these needs with those of the IT team. So the question is: what does SAP software do?
Drastically Improve Corporate and Entity Close
Closing out a financial period is a demanding task for any organization, as corporate structures grow it becomes ever more complicated. The financial management solution provided by SAP Business Objects will help your business to close more quickly and accurately, which returns the benefit of reliable information in a timely and cost-efficient manner. Business Objects provides consolidated reporting and legal support for the corporate closing process in one powerful tool; it delivers the documentation and audit trail to confidently achieve regulatory compliance while minimizing the costs.
Conducting an entity close factors in several more levels of complexity; Business Objects gives managers the capability to control the closing process across corporate boundaries, for organizations that span the globe. The SAP integration for entity closing includes automation with templates and standardization to set the standard for corporate governance, practices, and efficiency. Inter-company balances and invoices between subsidiaries move quickly through the peer-to-peer reconciliation process. The entity closing process within Business Objects works seamlessly across multiple SAP and third-party applications as integrated systems.
Planning, Budgeting and Forecasting
Performance management with Business Objects delivers a streamlined experience that facilitates financial planning and analysis. Knowledge workers and decision makers get the budgeting and forecasting tools that turn the business planning process into an efficient workflow.
The automation that SAP includes in this software suite reduce transactional work and refocuses managers on the planning, budgeting, forecasting, and analysis activities that will drive the business forward. These tools include data aggregation, embedded calculations, and reporting. The capabilities of Business Objects enhance accuracy and reduce cycle time in planning.
Deeper Insight Into Profitability and Cost Management
Deeper insights are the most urgently needed resources that enable decision makers to deliver increased profitability. Deriving understanding from data is a process that requires focused efforts but which returns spectacular rewards if you have the reporting and analytics tools to present the product.
A BI strategy supported by the right solution from SAP provides decisive understanding and enumerates the impact that your decisions will have on cost and cost-effectiveness. Your business intelligence dashboard from SAP helps identifies profitability across channels, customers, and products; you can create multi-dimensional scenarios to determine cost drivers and develop your planning options. Business Objects provides the Profitability and Cost Management dashboard that give you a big-picture understanding of your organization.
Accelerate Financial Reporting and Disclosure
Regulatory filings and disclosures are some of the most financial documents that require timely and cost-efficient handling; compliance and risk management are critical to maintaining business performance, as well as effective decision-making. Business Objects is business intelligence reporting software that produces pixel-perfect reports and metrics so that decision makers can visualize the forces that drive their businesses forward; it provides the transparency and insight to comply with International Financial Reporting Standards, US GAAP, and other local reporting standards, as well as the reporting tools to boost return on investment.
Company-Wide Strategy Development and Translation
SAP Business Objects provides the BI strategy and dashboard reporting tools to align your organizational goals to deliver superior performance. You will capture quantitative and qualitative performance metrics that optimize the interrelationships of tasks and translates strategy throughout your organization. Your SAP dashboard supports cascade scorecard, targets, and metrics to bring priorities, accountability, and improved collaboration into sharp focus.