by senthil
25. November 2009 14:33
Finally Microsoft announced plan on Business Planning and Consolidation product line, this time it is not PerformancePoint Server or SharePoint. Microsoft is joining hands with SAP BusinessObjects for Planning, budgeting, forecasting and Consolidations applications.
SAP has taken an aggressive stance that its business planning and consolidation product from the SAP BusinessObjects portfolio can be used by all firms, not just SAP customers," said John Hagerty, vice president and research fellow at AMR Research.
"The application takes advantage of the latest available versions of Microsoft Office 2007, including integration with Microsoft Office Excel 2007 and Microsoft SQL Server 2008, enabling customers to use the familiar tools they work with every day while benefiting from the features of Microsoft SQL Server 2008 database and SQL Server AnalysisServices."
To provide the most value, and to help customers face the reality of operating in an increasingly complex and globalized world,the application also comes with an International Financial Reporting Standards (IFRS) starter kit. The kit contains pre-built patented process flows to guide users through the consolidation process and generate consolidated financial statements. Other content, such as charts of accounts and input schedules, is available to help facilitate the transition to IFRS.
In addition to management and legal consolidation capabilities, the application streamlines planning, budgeting and forecasting by supporting top-down and bottom-up planning, which leads to timely, more accurate plans that are aligned with strategic goals. It also helps facilitate collaborative planning across all functions for more accurate budgeting, and enables continuous planning and rolling forecasts to meet rapidly changing business conditions and reduce budget cycle time.
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