If we assess the company requirements then are the points to be considered:

- To enhance and handle the Business performance of an organization, there's a have to construct budget and the future plan, which are in tune with all the tactical goals of a company.

- There has to be an assessment standard for corporate preparation at the same time, apart from that consequently attempting to capture the pitfall arising outside of the current business conditions, and revising the prevailing business circumstances.

- Finally, ensuring an entire documentation of the audit in addition to reporting and consolidation in rigorous conformity with all the regulatory bodies including International Financial Reporting Standards (IFRS).

Remembering the aforementioned points there is an enormous demand to get an applications that can entirely take care of all of the aspects associated with the business unit of an organization, that's the leading reason why SAP BPC (Company Planning and Consolidation) has been regarded as a highly efficient ERP technology that can look after the entire company needs of an organization.

BPC application manages the entire fiscal consolidation along with the reporting aspects, thereby enhancing the intricacies related to the budget and hence greatly reducing the dangers related to this business unit. SAP BPC also can reduce fiscal implications arising and costs associated with outside auditing.

There are basically two versions available in consolidation and SAP Business Planning:

Following are the benefits an organization can derive by successfully implementing

SAP BPC:- Improved agility: one can model new business specifications in accordance with the requirements the corporation and hence come out with a possible course of action that may substantially enhance the financial value of this corporation in regard to enhancing its overall business functionality, and hence attempting to minimize the dangers that will appear in future.

- Reducing Chain time: All of the finance together with non-finance managers of the organization can restructure their procedures by creating appropriate forecasting, budgets that are perfect and successful strategies based on the future business demands.

- Minimizing compliance issues and threats related to Business: using BPC application the data will soon be exact as the data will be stored in high-end ad hoc reports for current together with future data analysis.

- Rise in the total productivity of a corporation: By effectively using BPC application errors and the dangers will likely be minimized and the productivity with regard to revenues is going to be enhanced to a greater extent