For decades, organizations worldwide have relied on SAP BPC (Business Planning and Consolidation) for their financial consolidation and planning needs. However, at the time of writing this article, the end of support for SAP BPC has been updated and set for 2030 but has been a moving target. Organizations are now proactively exploring SAP BPC alternatives that go beyond simply matching SAP BPC capabilities to finally deliver on the promise of one source of truth. What’s needed to deliver it? Unifying the full consolidation and close lifecycle and financial & operational planning, with built-in dashboarding, reporting and analysis, from the balance to the transaction level.
What exactly does the post-SAP BPC landscape have to offer? Let’s take a closer look at five of the top SAP BPC alternatives and competitors. In this article, we’ll discuss not only key features and capabilities, but also any potential drawbacks or limitations for each alternative – to give you the information needed to make an informed decision about the right SAP BPC alternative for your organization.
SAP BPC is a solution developed by former Hyperion Solutions employees after the acquisition/merger of Hyperion Solutions and Arbor Software (Essbase). By design, the solution was developed to bring together consolidations and planning into one Excel-based interface to ensure familiarity among Finance professionals. SAP BPC had built-in financial intelligence to streamline consolidations so that Finance could produce consolidated Profit & Loss, Balance Sheet and Cash Flow statements.
More specifically, financial intelligence meant the solution had currency translations, intercompany eliminations and account attributes to ensure an account behaved correctly when consolidating and across time.
Customers liked SAP BPC for three main reasons:
However, SAP BPC never delivered on the promise of one solution. Most customers needed to manage business-level differences in consolidation granularity and different levels of granularity for planning from actuals (i.e., strategic plans at a summary level, budgets and forecasts at a lower level, and actuals at a detailed level), but still reconcile with actuals for analysis and reporting. To achieve that, most customers would have separate consolidation applications and planning applications. These applications would then need to be integrated, and often, additional applications were needed to bring everything together for analysis and variance reporting.
Under SAP, BPC moved away from the standard Excel-based interface by making it more web enabled. SAP migrated BPC to work on SAP NetWeaver and S/4 Hana on-premise, in addition to the original Microsoft platform. The result? Added complexities in the form of multiple back-ends, clunky interfaces and complex integrations – resulting in cost and duplication of data and metadata, time-consuming processes, and upgrades.
With the SAP BPC end of support now set for 2030, many organizations have either already selected alternatives or are in various stages of selection processes to find SAP BPC competitors. What alternatives should you consider based on your business needs? Let’s review the top options to help you find the right solution.
Given the 2030 end of support date for SAP BPC, this article gives an overview of the five best Corporate Performance Management (CPM)/Enterprise Performance Management (EPM) solutions. The selected solutions are ideal for enterprises looking to replace SAP BPC with something that delivers on the promise of a unified platform for consolidation, close, and financial & operational planning.
To produce this list, we evaluated numerous reviews and analyst reports, which are the typical starting point for CPM/EPM selection processes. We then evaluated alternatives based on five key criteria:
Now let’s dive into the details of the top five options for an SAP BPC alternative, including a quick look at the pros and cons of each.
OneStream is the only solution for CPM/EPM that delivers end-to-end management of enterprise-wide consolidation, close, and financial & operational planning and forecasting in a unified platform. This unified platform enables Finance and Operations teams to better collaborate and deliver a single source of truth. Having that single source eliminates the complexity of multiple solutions, interfaces and integrations; heavy cost and duplication of data and metadata; and time-consuming processes and upgrades.
With OneStream’s built-in data quality engine and pre-built connectors, Finance is in control, providing a strong, flexible foundation in data quality that’s ERP and source system agnostic, as real-time as needed, with drill down and drill back to any source. Those capabilities provide not only auditability across all close, planning, reporting and analysis processes, but also actionable insights behind every number.
Guided workflows and task management provide standard, defined and repeatable close, planning and operational processes. These capabilities simplify complexity for business users by guiding them through all data management, data collection, verification, approval, certification, locking, reporting and analysis processes. This ensures operational relevance and direct reconciliation for all processes, regardless of different levels of granularity across businesses and scenarios. OneStream also eliminates the need to implement and integrate multiple solutions, delivering confidence and reliability in all business user-driven processes.
With the end of support for SAP BPC set for 2030, SAP’s go-forward solutions for EPM are a combination of SAP Group Reporting embedded in S/4HANA for consolidations and SAP Analytics Cloud for financial and operational planning.
SAP S/4HANA Group Reporting is an enterprise solution for consolidations. As part of S/4HANA, the Group Reporting solution leverages a combination of features tied to Group Reporting for consolidations and S/4HANA for core close capabilities. SAP Analytics Cloud (SAC) is a cloud-based platform for planning, business intelligence (BI) and predictive analytics that enables organizations to visualize, plan and make data-driven decisions.
Oracle EPM is a suite of business applications designed for end-to-end management of enterprise-wide consolidation, close, financial planning & forecasting, and performance reporting. Oracle closely resembles SAP, with legacy solutions from the acquisition of Hyperion also ending support in 2031 for Hyperion HFM and Hyperion Planning. The Oracle suite of applications is being redeveloped on the Cloud, consisting of individual best-of-breed solutions for the following:
Tagetik was originally developed in 2005 to deliver trusted, comprehensive and scalable CPM solutions globally and was acquired by Wolters Kluwer in 2017. Today, CCH Tagetik is marketed as an end-to-end financial close and consolidation solution for group and entity controllers. Tagetik is comprised of multiple solutions for financial consolidation and close, account reconciliation and transaction matching, financial and management reporting, disclosure management (via a partnership with CoreFiling), and ESG & sustainability performance management – available both on-premise and in the cloud.
Tagetik positions themselves as having a unified platform for CPM/EPM – at least at first glance. The details of how the solutions work together instead make it clear that the platform still suffers from some of the same integration and solution complexities as the multiple application approaches of other vendors in the CPM/EPM market.
Workday Adaptive Insight was founded in 2003 as a planning solution with limited consolidation capabilities and acquired by Workday in 2018. It was rebranded initially as Adaptive Planning, but it is now being marketed as Adaptive Planning and Consolidation, through a combination of their field level partnership with Fluence and a simplified version of their ERP, Workday Financials.
Workday Adaptive Planning covers planning, consolidation, analytics, and reporting functions. Built on a proprietary in-memory database, the solution enables collaboration and real time updates in a spreadsheet-like browser user interface and supports integration of data from ERP and other source systems.
As organizations look for alternatives to SAP BPC, OneStream’s Intelligent Finance Platform stands out as the best alternative. Why? To start, OneStream provides a modern, unified platform for consolidations, close, financial & operational planning, reporting and analysis. The platform also finally delivers on the elusive one source of truth.
With over 1,300+ customers, many successful migrations from SAP BPC to OneStream and a mission to ensure every customer is a reference, OneStream stands as the truly unified platform for CPM/EPM.
Want to know more? Check out OneStream’s video about what comes after SAP BPC/BFC/BCS here.Watch Video