What is multi-planning area in SAP FIN-SEM-BPS - Business Planning and Simulation?

SAP Term: multi-planning area

• Component: FIN-SEM-BPS

• Component Name: Business Planning and Simulation

• Description: A planning area that combines the characteristics and key figures of several planning areas. A multi-planning area does not contain its own data, instead it is completely based on the data of the standard planning area, which is defined in the same system. The planning areas combined in a multi- planning area can be identified by a characteristic that is generated automatically within the multi-planning area and can be referred to for selection purposes.

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• Key Concepts: 
  A multi-planning area is a feature of the Business Planning and Simulation (BPS) component of SAP. It allows users to create multiple planning areas within a single BPS model. This allows users to create different versions of the same model, each with its own set of data and assumptions. This makes it easier to compare different scenarios and make more informed decisions. 
  
  How to use it: 
  To use the multi-planning area feature, users must first create a BPS model. Once the model is created, users can create multiple planning areas within the model. Each planning area can have its own set of data and assumptions, allowing users to compare different scenarios and make more informed decisions. 
  
  Tips & Tricks: 
  When creating multiple planning areas, it is important to ensure that each planning area has its own unique name. This will help users easily identify which planning area they are working in. Additionally, it is important to ensure that each planning area has its own set of data and assumptions, as this will allow users to accurately compare different scenarios. 
  
  Related Information: 
  The multi-planning area feature is part of the Business Planning and Simulation (BPS) component of SAP. Other features of BPS include data modeling, simulation, and optimization. Additionally, BPS can be used in conjunction with other SAP components such as Financial Accounting (FI) and Controlling (CO).