Why Switch from SAP BPC?
AUTHOR
The tools you use for financial close, consolidation and reporting (FCC&R) can significantly impact your organization’s efficiency, accuracy, and risk management. SAP Business Planning and Consolidation (BPC) has been a traditional and enduring choice for enterprises. However, SAP BPC is reaching end of life, creating an immense opportunity for businesses to find a modern, innovative, and flexible alternative. Anaplan’s Financial Close and Consolidation application, emerges as the leading choice, offering a stronger solution as compared to SAP BPC.
The Sunset of SAP BPC: What It Means for Your Business
SAP BPC has served many organizations well, providing robust features for financial planning, budgeting, forecasting, and consolidation. However, with the sunsetting of BPC, this signals the end of major updates and support for the product. This scenario leaves businesses with two choices: continue using an outdated system or transition to a modern, supported solution.
Continuing with SAP BPC poses several risks:
Lack of Support: As the product is phased out, support will gradually diminish, leaving customers with limited assistance.
Obsolete Technology: An outdated system can prevent you from leveraging new technologies and methodologies.
Compliance Risks: An unsupported system may fail to meet new regulatory requirements, putting your organization at risk.
Anaplan's Financial Close and Consolidation application
Switching to Anaplan's Financial Close and Consolidation application could be the best decision for your organization:
1. User-Friendly Interface and Quick Adoption
The Financial Close and Consolidation application from Anaplan has an intuitive, user-friendly interface that requires minimal training. Unlike the often-complex SAP BPC, Anaplan’s out-the-box capabilities and MS 365 environment offers a streamlined user experience, enabling rapid adoption across your organization and an implementation that’s measured in weeks, not months. This ease of use translates into reduced time and cost associated with transitioning to a new system.
2. Enhanced Integration and Flexibility
Anaplan's Financial Close and Consolidation application excels in seamless integration with existing systems, including ERP, CRM, and other financial software. This ensures that you can continue leveraging your current investments while enhancing your FC&C and process. The flexibility and robust integration capabilities of Anaplan means you can adapt the platform to your specific business needs, unlike the more rigid SAP BPC.
3. Advanced Planning and Analytics
Anaplan's Financial Close and Consolidation application can also connect with our FP&A solution to empower finance teams to provide insight across the business, improve decision-making, and fuel growth. Features like real-time data analytics, scenario planning, and predictive modeling help organizations stay ahead of the curve. These advanced capabilities are critical in today’s fast-paced business environment, where agility and foresight are essential.
4. Scalable and Secure
As your business grows, so do your planning and consolidation needs. Anaplan's Financial Close and Consolidation application ensures you can handle increased data volumes and more complex financial structures. Additionally, Anaplan prioritizes security, offering robust data protection and compliance features to safeguard your financial information.
5. Customer Support and Continuous Improvement
Unlike SAP BPC, which is nearing the end of its lifecycle, the Financial Close and Consolidation application from Anaplan offers advanced customer support, ongoing product investment, and continuous innovation. Choosing Anaplan means benefiting from regular updates, new features, and dedicated customer support, ensuring your FC&C processes remain cutting-edge.
6. Cost-Effective Solution
Switching to Anaplan can also be a more cost-effective option. With competitive pricing models and lower total cost of ownership, Anaplan's Financial Close and Consolidation application offers the same complex consolidation capabilities as SAP BPC, with faster close cycles, and improved workflow and task management. The quick deployment and user-friendly nature of Anaplan’s Financial Close and Consolidation application further contribute to cost savings by reducing the need for extensive training and long implementation periods.
7. The Anaplan Advantage
The integration of Anaplan’s Financial Close and Consolidation application with Anaplan’s Connected Planning platform brings an added layer of sophistication and power. Anaplan’s platform is renowned for its ability to connect data, people, and plans across the enterprise, providing a comprehensive view of the business. This connectivity ensures that financial plans are aligned with operational strategies, improving overall business performance.
Why change now?
The sunsetting of SAP BPC marks a significant turning point for many organizations relying on this legacy platform. Transitioning to a modern finance-owned and maintained solution like Anaplan not only mitigates the risks associated with an obsolete system but also enhances your overall capabilities to support the needs in the office of finance. With its user-friendly interface, advanced planning tools, seamless integration, scalability, and cost-effectiveness, Anaplan is a powerful financial technology for businesses looking to stay competitive.
If your organization is still using SAP BPC, now is the time to explore the benefits of switching to Anaplan. By making the move, you can ensure that your FC&C processes are future-proof, efficient, and aligned with your strategic goals. To learn more about how Anaplan can help transform your consolidation, close and reporting, book time with one our experts and discover how Anaplan’s Financial Close and Consolidation application can future-proof your financial processes.
In the world of finance, staying ahead means embracing change. Anaplan offers the tools and support you need to make that transition seamlessly and successfully.