SAP announced that Microsoft Corporation supports the SAP BusinessObjects Planning and Consolidation application version for the Microsoft platform, as a preferred solution for customers running their business applications on the Microsoft platform.

“We see a mutually beneficial opportunity for both Microsoft and SAP to offer customers a best-in-class solution,” said Sanjay Poonen, executive vice president and general manager, Performance Optimization Applications, SAP. “For SAP, it strengthens our commitment to operate in both SAP and non-SAP environments. Customers choosing SAP BusinessObjects Planning and Consolidation, version for the Microsoft platform, will benefit from an application that drives agile planning and compliant consolidation processes within their organizations."

SAP BusinessObjects Planning and Consolidation provides business users with a single solution for planning, budgeting, forecasting, and financial consolidations. The application allows users to fulfill increasingly strict global regulations and comprehensive legal consolidation requirements.

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.