What is 'reopening criteria' in SAP EPM-BPC - Business Planning and Consolidation?

reopening criteria - Overview

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: The rules that decide how and when an activity can be reopened.

reopening criteria - Details

• 
  Key Concepts: 
  Reopening criteria is a feature of SAP Business Planning and Consolidation (EPM-BPC) that allows users to define conditions for when a period should be reopened. This feature is useful for organizations that need to make changes to their financial data after the period has closed. 
  
  How to use it: 
  To use reopening criteria, users must first define the conditions that will trigger the period to be reopened. This can include specific values in certain fields, or a combination of values in multiple fields. Once the criteria is set, the system will automatically reopen the period when those conditions are met. 
  
  Tips & Tricks: 
  When setting up reopening criteria, it is important to consider how often the conditions will be met. If the criteria is too restrictive, it may not be triggered often enough; if it is too loose, it may be triggered too often. It is also important to consider how long the period should remain open after being triggered. 
  
  Related Information: 
  For more information on reopening criteria in SAP Business Planning and Consolidation (EPM-BPC), please refer to the official SAP documentation.