What is Status and Tracking System in SAP FIN-SEM-BPS - Business Planning and Simulation?

SAP Term: Status and Tracking System

• Component: FIN-SEM-BPS

• Component Name: Business Planning and Simulation

• Description: Web-based SAP BW BW-BPS tool which allows you to monitor the status of the planning process: Status management for planning steps Workflow functions

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• Key Concepts: 
  The Status and Tracking System Component of the FIN-SEM-BPS Business Planning and Simulation module is a tool that allows users to track the progress of their business planning and simulation processes. It provides an overview of the current status of the process, as well as a timeline of all activities that have been completed or are still in progress. The system also allows users to set up notifications for when certain milestones are reached or when certain tasks are completed. 
  
  How to use it: 
  The Status and Tracking System Component can be accessed from the main menu of the FIN-SEM-BPS Business Planning and Simulation module. Once in the system, users can view the current status of their business planning and simulation processes, as well as a timeline of all activities that have been completed or are still in progress. Users can also set up notifications for when certain milestones are reached or when certain tasks are completed. 
  
  Tips & Tricks: 
  When setting up notifications for milestones or tasks, it is important to make sure that they are set up correctly so that users will be alerted when they need to take action. Additionally, it is important to regularly check the timeline of activities to ensure that all tasks are being completed on time. 
  
  Related Information: 
  The Status and Tracking System Component is part of the FIN-SEM-BPS Business Planning and Simulation module, which also includes other components such as Financial Planning, Budgeting & Forecasting, and Risk Management. Additionally, there are other modules within SAP that can be used in conjunction with the FIN-SEM-BPS Business Planning and Simulation module, such as SAP Analytics Cloud and SAP S/4HANA.