Replacing SAP BPC gives finance teams the opportunity to enter a new era of planning, marked by AI-based data exploration and precise predictive insights. Now, more than ever, business planning processes must enable companies to be agile.
Shifts in policy, demand, and supply chains can happen suddenly, forcing organizations into unexpected change. When evaluating an alternative to SAP BPC, consider a solution like CCH Tagetik Budgeting, Planning, and Forecasting, one that not only fills capability gaps but also extends your planning ability with:
An intelligent data foundation: Data has exploded within enterprises and managing it is the first step to making it useful, a seemingly impossible task when dealing with massive volumes of structured and unstructured data.
Modern solutions manage data in two ways:
- First, with a data processing engine capable of processing, normalizing, and validating large volumes of granular financial and non-financial data from any source, without size limits.
- Second, laying a solid data foundation for all CPM processes with AI-based consolidation capabilities for repetitive data-centric tasks, like data mapping, anomaly detection, driver-based planning, and reconciliation.
These AIs assist financial users by producing more accurate outputs at a greater speed than any human could, giving teams back the time they would spend conducting these historically time-consuming tasks and ensuring users start with a solid baseline for all enterprise planning.
This intelligent data foundation makes the difference between actionable performance insights and erroneous information that takes forever to produce.
Predictive modeling and what-if analysis: Today, your entire supply chain can need to be rejigged at a moment’s notice to avoid going into the red. Predictive modeling, predictive forecasts, and AI-powered what-if analysis are critical to efficient re-planning and re-forecasting, letting you move forward confidently even when faced with red-light issues.
AI data discovery and analytics: Mining insights from vast amounts of enterprise data is becoming increasingly difficult as organizational data grows, reports multiply, and operations expand globally. GenAI tools can separate the signal from the noise far more effectively than human counterparts and even deliver insights through visualizations. This allows finance teams to spend less time combing through systems and stitching together visuals—and more time taking action based on what they find.
A unified platform /or Complete CPM scope coverage: An end-to-end platform for broad EPM scope coverage, connects budgeting, planning, and forecasting with cross-functional departments, close, consolidation, regulatory, reporting, tax, ESG, and sustainability. It’s only when all processes and people access insights from a single source of data that companies can achieve integrated and extended business planning, while fostering enterprise-wide agility.
A long-term roadmap: Overhauling core software, like your budgeting, planning, and forecasting solution, is something you want to do only once. Choose a vendor with a long track record of continuously updating its products with the latest features, rather than decommissioning them and forcing customers into a major infrastructure overhaul.