Known for their trend setting ballet flats and forward thinking designs, this retailer is a fashion industry success story. Experiencing incredible success on the runway and in global markets, this company turned to SAP Business Planning and Consolidation (BPC) on HANA to provide a scalable financial planning, consolidation and reporting solution.
Business Goals
- Business Growth – Implement BPC budgeting to manage/report/analyze company results in comparison to plans and corporate initiatives
- Business Efficiencies – Integrate financial close and financial planning processes with core ERP systems for true “one version of the truth” across all financial systems
- Business Discipline – Extended planning activity to a broader user set for greater participation and accountability
Implementation Highlights
- Developed highly customized BPC reports – to satisfy complex business and user experience requirements
- Business functionality –Including CapEx Planning, HR Planning, Expense (SG&A) Planning, Sales Planning, and Financial Consolidations (Close)
- Industry specific functionality – Including comparable store logic for analysis
- Developed sister store logic – to assist in developing new store projections and financial plans
- Accounting functionality implemented – Account-based calculations, currency translation, eliminations and adjustments, balance carry forward, automated cash flow, allocations, work status, business process flow (BPF) and a custom internal order (IO) solution budgets
- Implemented a custom (IO) Retractor – that updated SAP ECC with the current BPC IO budget allowing for a single point of entry for all budget data
- Developed sales spreading tools – to manage promotional calendar changes from year to year. Effectively providing like for like comparison with both plan and actual data
Business Benefits From SAP BPC On HANA
- Integrated data model with core SAP ERP and non-SAP systems for single version of the truth
- Delivered drill-through reporting functionality to SAP BW BEx for root cause analytics
- Comparable store reporting and analysis in local, USD (group) and constant currency
- Enabled Finance Team to produce complete financial reporting packages within hours of the close
- Subsequently, the client has completed a proof of concept to supplement BPC with SAP Analytics Cloud as a way to extend a simple web planning interface to a broader use-base
