What is workflow in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: workflow

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: The process used to restrict user access to packages. It also enables you to define the hierarchy level of each user accessing the package.

Smart SAP Assistant

• Key Concepts: 
  SAP workflow is a tool used to automate business processes. It is a graphical representation of the steps and tasks involved in a process, and it allows users to define the sequence of activities, assign tasks to users, and track the progress of the process. In SAP BusinessObjects Financial Consolidation (EPM-FC), workflow is used to automate the consolidation process. 
  
  How to use it: 
  To use workflow in EPM-FC, users must first create a workflow template. This template defines the steps and tasks involved in the consolidation process, such as data collection, data validation, and consolidation. Once the template is created, users can assign tasks to specific users or groups of users. The workflow can then be monitored in real-time to track progress and ensure that all tasks are completed on time. 
  
  Tips & Tricks: 
  When creating a workflow template, it is important to consider the complexity of the consolidation process. If the process is complex, it may be beneficial to break it down into smaller tasks that can be assigned to different users or groups of users. This will help ensure that all tasks are completed on time and that no steps are missed. 
  
  Related Information: 
  For more information on SAP workflow and how it can be used in EPM-FC, please refer to the SAP BusinessObjects Financial Consolidation User Guide.