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Kinross Advanced Reporting System (KARS) aka SAP-BPC
October 20, 2017

Kinross Advanced Reporting System (KARS) aka SAP-BPC

Sharon Chadwick | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Software Version

Microsoft Edition

Overall Satisfaction with SAP Business Planning and Consolidation

We are a JDE Edwards shop so have an ETL to load to SAP-BPC, plus we receive trial balances in Excel format from 3rd party accounting providers so have interfaces to load same.
Used across the whole organization by approximately 150 users at corporate headquarters, mine sites and regional offices.
Used to consolidate actuals and budget for +/- 250 legal entities for quarterly external reporting and monthly internal management reporting.
  • Timeliness of close process i.e. ledgers are closed on work day 5 and consolidated financial statements are issued on work day 10 (non-quarter end months) and work day 15 (quarter end months).
  • Consolidation completes in 12 minutes across 5 entity hierarchies.
  • The Excel front-end report writer is very user friendly so users are able to create adhoc analysis reports quickly.
  • From an administration point of view populating the 'Ownership' model is laborious across 5 Entity hierarchies and setting up data access profiles in Security is also tedious i.e. Security interface needs improvement.
  • No ROI measured.
Selection was done prior to my joining Kinross with the assistance of KPMG.
Well suited to most organizations looking for an extremely easy to maintain consolidation & reporting system. Kinross consolidates both financial and operational data, uses the inter-company elimination functionality, and has script logic for the following:
  • Investment elimination
  • Fully automated cash flow
  • Gold equivalent ratio by month, quarter & YTD
  • Conversion of Imperial measurements to metric
Note: The following functionality is not utilized at Kinross:
  • Fx translation
  • Budgeting & forecasting
  • Proportionate sub-consolidations

SAP BPC (Business Planning and Consolidation) Feature Ratings

10.0
Long-term financial planning
Not Rated
Financial budgeting
Not Rated
Forecasting
Not Rated
Scenario modeling
Not Rated
Management reporting
10
10.0
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
Not Rated
Intercompany Eliminations
10
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
10.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
10.0
Personalized dashboards
Not Rated
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
Not Rated
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated