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Financial Planning & Analysis
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Financial Planning & Analysis
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Financial Planning & Analysis
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Financial Planning & Analysis
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Financial Planning & Analysis
  • Financial Planning & Analysis

Use Case Description

  • EPF wants to implement Financial consolidation, Budgeting & Forecasting and Disclosure management.
  • Systematic budgeting & forecasting process across all EPF Branches, Departments and Divisions.
  • Preparing Annual budget by adopting simplified budget process for Budget preparation and Budget monitoring.
  • Readily available Ministry of Finance (MOF) report with recent changes in Budget.
  • Finance Department wants track zero based budget with different level of Approval with less IT involvement.

Solution Brief

  • Fetch Actuals from SAP ECC to SAP BPC to Auto-Generate Business As Usual and reference for Zero based budget.
  • MOF report with latest changes in Budget to submit to Ministry of Finance.
  • Integrates with SAP ECC to SAP BPC to extract real time transfers for Budget Monitoring.
  • Enabled Budgeting in Multi currency with possible option to increase in FX rates.
  • Process Monitoring including Administration, Security, Locking of Period, Version.

Delivery

  • Auto-Generate Business As-Usual budget using Actual which is extracted from SAP ECC.
  • Business owns Budgeting platform with optimal requirement from IT.
  • Auto calculated KPIs (Budget Vs Forecast Accuracy and Cost Savings) by SAP BPC to eliminate human error.
  • Seamless Integration with SAP ECC to extract Actuals and latest Budget which helps as reference for Budget in real time.
  • Budget monitoring with real time transfers from SAP ECC for Finance Department to control the Budget.