What is variance in SAP EPM-SA - SAP Spend Performance Management?

SAP Term: variance

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: A comparison of data in a report showing the difference for two consecutive periods.

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• Key Concepts:
  Variance is a measure of the difference between the actual and expected values of a given metric. In SAP Spend Performance Management (EPM-SA), variance is used to compare the actual spend against the budgeted or planned spend. This comparison helps to identify areas of overspend or underspend, and can be used to inform decisions about how to adjust future spending.
  
  How to use it:
  Variance can be used in SAP Spend Performance Management (EPM-SA) to compare actual spend against budgeted or planned spend. This comparison can be done at different levels, such as by supplier, by category, or by project. The variance calculation can be used to identify areas of overspend or underspend, and can be used to inform decisions about how to adjust future spending.
  
  Tips & Tricks:
  When using variance in SAP Spend Performance Management (EPM-SA), it is important to consider the context of the data being compared. For example, if comparing actual spend against budgeted spend, it is important to consider any changes that may have been made to the budget since it was originally set. This will help ensure that the variance calculation is accurate and meaningful.
  
  Related Information:
  For more information on variance in SAP Spend Performance Management (EPM-SA), please refer to the official SAP documentation: https://help.sap.com/viewer/product/SAP_SPEND_PERFORMANCE_MANAGEMENT/1.0/en-US