What is year over year in SAP EPM-SA - SAP Spend Performance Management?

SAP Term: year over year

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: Analysis results compared with the same period in the previous fiscal year.

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• Key Concepts:
  Year over year (YOY) is a comparison of the same period of time in two different years. It is used to measure the performance of a company or organization over time. YOY analysis is a useful tool for understanding the trends and changes in a company's performance.
  
  How to use it:
  In SAP Spend Performance Management, YOY analysis can be used to compare the performance of different departments or divisions within an organization. This can help identify areas where improvements can be made and areas where performance is strong. YOY analysis can also be used to compare the performance of different suppliers or vendors, allowing for better decision-making when it comes to procurement.
  
  Tips & Tricks:
  When using YOY analysis, it is important to consider factors such as inflation and seasonality when making comparisons. Additionally, it is important to consider the context of the data being analyzed, as this can have an impact on the results.
  
  Related Information:
  YOY analysis is closely related to other types of analysis such as quarter over quarter (QOQ) and month over month (MOM) analysis. These types of analysis are used to compare performance over shorter periods of time, such as quarters or months.