level of data quality/audit functionality coupled with simultaneous
streamlining of closing processes (fast close)
Thanks to individually defined validation rules and procedures, with optional local responsibility for the coordination of inter-company transactions, data quality can be enhanced while simultaneously reducing the close time - especially thanks to the high degree of automation of the consolidation measures.
The consolidation processes are all controlled via a monitor designed according to the traffic-light principle and featuring wide-ranging status administration features. In conjunction with the consistent implementation of the document principle, this leads to a high level of transparency and traceability in your consolidation process and all associated postings.
Thanks to the multidimensional data storage in the SAP Business Information Warehouse (SAP BW), data is available for OLAP-compatible reporting (Online Analytical Processing). This not only lets you realize latest-generation reporting solutions, it also allows you to compare data with other SEM components. Thus it is possible, for example, to consolidate data from SEM-BPS (Business Planning and Simulation) in SEM-BCS and to compare it with actual data.
SEM-BCS further provides an external interface to the taxonomies of XBRL (eXtensible Business Reporting Language), an emerging XML-based standard to define and exchange information on financial performance.
The CubeServ Group employs a team of outstanding specialists for the implementation of professional reporting solutions based on SAP Business Explorer, which in turn is based on SEM-BCS. The adjacent graphic gives you an overview of the SEM-BCS reporting options that exist in addition to the Excel frontend.
SEM-BCS is characterized by a high degree of automation, with the possibility to display even complex consolidation processes (such as those associated with consolidation of investment) according to levels and to post and update them automatically. If the consolidation postings trigger any deferred tax effects, these can also be generated by the system. Finely adjustable authorization scenarios and multilingualism are provided as well. Further features are regularly provided in Enhancement Packages, which expand upon existing functionality.
High level of integration
As an alternative to the manual input of financial statements in local or group GAAP (HBI or HBII), you can extract data from local accounting systems. This is not only possible with SAP R/3 (and/or ECC systems) but also with applications from other vendors. Additionally, data can be migrated from SAP planning applications.
Open for individual demands
The data model can be defined by the customer to a large degree, including various data categories (e.g., budget, plan, forecast). The reporting period and the chart of accounts, including attendant sub-posting assignments such as transactions types for breakdown/flow presentations can also be configured individually.
How can CubeServ support your implementation of SAP SEM-BCS?
CubeServ adheres to a comprehensive approach. Together with your team, we will analyze your consolidation process in detail, followed by the identification of possible improvements. We will define a blueprint that serves as a basis for our implementation. We will prepare the documentation, followed by thorough testing and the final go live.
Are you interested?
Call us or send us an e-mail. We will gladly arrange for a software presentation and will discuss your individual needs with you.