Collaborative Budget Planning tool for the organization
February 21, 2022
Collaborative Budget Planning tool for the organization

Score 7 out of 10
Vetted Review
Verified User
Software Version
SAP NetWeaver Edition
Overall Satisfaction with SAP BPC (Business Planning and Consolidation)
We use BPC for budget planning for the entire organization. It is extensively used by the finance and accounts team to manage the budgets and create workflows that can help complete this exercise in a collaborative manner. All senior leaders are given access to the system and they have to enter their budgets which undergo an approval process and final consolidation at the organization level. The use case is - The central team which manages BPC makes the template for budgets - both capex and overheads at the beginning of every year. Then, they extend the template to all senior leadership and the leadership accesses it via Excel plugin called Analysis for Office. Then the senior leaders input their nos and then submit it. Once submitted, the finance team is able to get the consolidated view of the planned budgets and then they approve or reject it. This also has a workflow where after every step, an approval is needed from the immediate manager.
Pros
- Budget Planning
- Workflow for approvals
- The tool can be used in a collaborative manner with different stakeholders
- Excellent integration with MS Excel
Cons
- The user interface is very bad
- The software plugin on excel is very slow and it often hangs the entire system
- Reduced time for completion of Annual budgeting exercise for the organization
- Reduced cost in terms of not having need of multiple applications for the same purpose
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