Embracing the Future of Financial Close and Consolidation with Anaplan
AUTHOR
Struggling to make your close process faster, more robust, and scalable? Now is the time to consider a next-gen close and consolidation solution that will transform and accelerate your accounting team.
SAP BPC has provided organizations with traditional planning and consolidation needs for many years. However, with SAP BPC reaching end of life, it's critical that organizations seek a modern and flexible alternative. Anaplan's Financial Close and Consolidation application presents a compelling choice for your FC&C requirements with our advanced capabilities and enhanced user experience. Let's delve into some reasons why Anaplan is your top choice for mid-sized to large enterprises: Designed for modern accounting teams: Anaplan’s Financial Close and Consolidation application is purpose-built for accounting teams and offers a no-code platform that empowers users to manage their processes with no IT support. This independence is critical in today's fast-paced business environment, where agility and the ability to swiftly adapt are essential.
Quick deployment: Anaplan’s out-of-the-box functionality and M365 environment stand out as a significant advantage. The Financial Close and Consolidation application from Anaplan is designed for rapid deployment and straightforward configuration. Organizations can implement Anaplan in weeks, not months, resulting in quicker time-to-value and lower implementation costs.
Advanced consolidation features: Anaplan excels in providing superior consolidation features that extend beyond SAP BPC’s capabilities. With built-in templates for intercompany eliminations, and cash flow management, the consolidation process is streamlined, ensuring accuracy and compliance with financial reporting standards.
Seamless integration: Anaplan’s ability to integrate with existing systems like ERP and CRM makes it an attractive choice for organizations with diverse landscapes, including those heavily invested in SAP. Its sophisticated integration capabilities ensure smooth data flow between systems, reducing errors and enhancing the reliability of financial reports.
Enhanced collaboration and automation: Anaplan’s Financial Close and Consolidation application offers robust workflow automation and collaboration tools, such as drag-and-drop task management and integration with communication platforms like Slack. These features enhance teamwork and streamline consolidation processes, allowing finance teams to focus on insightful analysis rather than manual tasks.
Powerful Excel interface with robust reporting: Anaplan provides the familiarity of an Excel-based interface with enhanced reporting functionality through AnaplanXL, a powerful Excel add-on tool. This allows connection to various sources and offers significantly improved capabilities over SAP BPC, making it a standout solution in the market.
Scalability and flexibility: As organizations grow, their financial consolidation needs become more complex. Anaplan is designed to scale with the business, accommodating unlimited subsidiaries, regions, and data sources--ensuring the financial systems grow with the company without the need for costly upgrades or replacements.
Cost-effective investment: Anaplan’s Financial Close and Consolidation application offers enterprise-level functionality without the hefty price tag. Its total cost of ownership (TCO) is significantly lower than other alternatives, allowing organizations to allocate financial and human resources more efficiently.
Continuous innovation and customer support: Anaplan is dedicated to continuous innovation with the intention of providing a solution at the forefront of financial consolidation technology. Unlike SAP BPC, which suffers from a lack of effective support, Anaplan provides a dedicated support team and regular updates, ensuring users always have access to the latest features and best practices.
Smooth migration path: We have teamed up with top technology partners to offer a clear migration path with minimal disruption to ongoing operations of our customers. The transition process is straightforward, preserving historical data and maintaining the integrity of financial reporting.
Anaplan's Financial Close and Consolidation application represents the next generation of financial consolidation solutions. Its user-friendly design, powerful features, and commitment to innovation make it the ideal choice for organizations looking to replace SAP BPC. Anaplan is a leading provider of innovative, cloud-native financial close, consolidation and planning technology and is committed to continue investing in modern, robust financial solutions to empower our customers to make informed decisions with agility and confidence.