What is Business Planning in SAP AP - Application Platform?

SAP Term: Business Planning

• Component: AP

• Component Name: Application Platform

• Description: The provision of services for semantic, technical, and process integration for all planning applications of a company from enterprise to local planning levels. Business planning comprises financial, purchase, sales, and demand planning.

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• Key Concepts: 
  Business Planning is a component of the SAP Application Platform (AP) that enables organizations to plan and manage their business processes. It provides a comprehensive set of tools and features to help organizations create, manage, and analyze their business plans. It also provides a platform for collaboration between different departments and stakeholders. 
  
  How to use it: 
  Business Planning can be used to create and manage business plans, analyze data, and collaborate with other departments. It provides a range of features such as budgeting, forecasting, reporting, and analytics. It also allows users to create custom reports and dashboards to track performance. 
  
  Tips & Tricks: 
  When using Business Planning, it is important to ensure that all data is accurate and up-to-date. This will help ensure that the plans created are accurate and reliable. Additionally, it is important to ensure that all stakeholders are involved in the planning process so that everyone is on the same page. 
  
  Related Information: 
  Business Planning is part of the SAP Application Platform (AP). Other components of the AP include SAP HANA, SAP Cloud Platform, SAP Business Suite, and SAP S/4HANA. Additionally, there are a range of third-party applications available that can be integrated with Business Planning to provide additional functionality.