For budget planning purposes, which features should a university leverage in their SAP Analytics Cloud model?

Selecting "All of the above" is appropriate because each feature encompasses critical aspects of effective budget planning within SAP Analytics Cloud.

Collaborative planning allows different departments to contribute their insights and requirements for the budget. This input is essential in a university setting, as varied departments often have unique funding needs and priorities. By facilitating collaboration, the planning process becomes more inclusive and reflective of the institution's overall goals.

Version management provides the ability to create and manage various budget scenarios. This is crucial for universities that may need to forecast different financial situations, adjust to changing enrollment numbers, or respond to fluctuating state funding. By maintaining multiple versions of the budget, the university can assess the impacts of various decisions and adjust accordingly.

Allocations based on departmental needs ensure that the financial resources are distributed according to the specific requirements and priorities of each department. This tailored approach aids in aligning financial resources with the university’s strategic objectives, ensuring that each area receives adequate support based on its unique context.

Combining these features creates a comprehensive approach to budget planning that leverages the strengths of SAP Analytics Cloud, enabling a university to manage its finances effectively while addressing the diverse needs of its campuses and departments.