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Introduction
In today’s continuously changing Business World, It’s very important to have a robust enterprise planning solution that can help to improve the planning process, make better business decisions and achieve your business goal.
With SAP Analytics Cloud you can perform various planning operations such as scheduling tasks, building custom planning applications, carrying out data entry and version management, and writing powerful scripted calculations.
What is Planning
Planning is all about setting strategic goals for a business and then determining how to meet those goals by creating allocation of annual budgets, tracking progress, and simulating scenarios to find new opportunities and so on.
Planning Process
It has three phases:-
The Prepare Phase
The Planning Phase
The Finalize Phase
The Prepare Phase:
This phase involves gathering data, defining planning scenarios, and creating a planning model.
The Planning Phase:
This phase is where the actual planning takes place. Planners enter their estimates and assumptions, and use various planning features to allocate resources, manage budgets, and forecast future performance.
The Finalize Phase:
This phase involves reviewing and approving the plan and then publishing it to other users.
Data Entry:
Data Entry is based on the table, where you can type relative or absolute values into individual cells.
You can copy cell values, along with all the data that aggregates up to the copied value. You can plan at any level of a hierarchy, and the data will automatically be rolled down to the lowest level.
Version Management:
Version management allows you to see who made changes to your data, when they were made, and what changes were. You can create a private version of your data to test changes before you made them to the public version. You can create different versions of your data to represent scenarios and see how they differ.
Data Actions:
It is used to automate tasks, improve data quality, and perform complex calculations. We can model copy-paste operations, allocation steps, and advanced formulas.
Data Locking:
It allows you to prevent other users from making changes to specific data in a version. Data locking can be a useful tool for ensuring the integrity of data during the planning process. It can also be used to prevent users from making accidental changes to data.
Value Driver Tree:
It is a visual representation of the relationships between different measures in a data model. It can be used to understand how changes in one measure can affect other measures.
Validation Rules:
Validation Rules you can specify which combinations of members from different dimensions are allowed in a planning model. They can help to prevent users from entering invalid data. They can help to identify errors in the data
Conclusion:
SAP Analytics Cloud is a powerful tool that can help organizations to improve their planning process. By automating many of the tasks involved in planning. SAP Analytics Cloud can free up planners to focus on more strategic activities. SAP Analytics Cloud’s collaboration tools can help to ensure that the planning process is more efficient and effective.
