Leading up to SAPPHIRE NOW from Orlando in 2012, the “Taking Advantage of Planning and Consolidation Software Powered by SAP HANA” demo theater session has been one of the most downloaded sessions on the Agenda Builder. Why so much interest? We recently announcedthe SAP Planning and Consolidation 10.0 application, version for SAP NetWeaver, powered by SAP HANA. The application can dramatically accelerate an organization’s planning and analysis processes. This translates into three key benefits for finance professionals: speed, power and time.
Why the Need for Speed? If you have heard about SAP HANA, you know it’s fast. SAP Planning and Consolidation, version for SAP NetWeaver on SAP HANA is one of many applications that hits the sweet spot of what an application powered by SAP HANA can do: accelerate processes. SAP Planning and Consolidation 10.0, version for SAP NetWeaver combined with SAP HANA accelerates budgeting and forecasting in companies by speeding up the retrieval of queries, pulling in large data sets and offering a real-time view of what’s happening in the business. As a result, people can plan faster, input data back into systems faster and shrink planning cycles. This makes the organization much quicker to respond, to capitalize on opportunities or avoid risks.
Over the course of subsequent service packs we plan to accelerate performance even further, as well as introduce new functionality. For more details, you may want to meet with your account executive or pop down to the Analytics campus at SAPPHIRE NOW.
Who Runs Queries that Literally Take Forever? Chalk it up to quick and easy consumer devices, shortening attention spans or simply impatience — however you look at it, most people hate to wait for answers, even if those answers address very important questions. To date, a best practice in finance is to plan at a high level and not get too granular when querying the planning system, because it could hang or stall the system. With the power of in-memory logic processing, systems can run much more complex calculations on larger sets of data than before, so finance professionals don’t have to shy away from the nitty-gritty, but potentially very important questions. They can delve deeper into the business and solve more quickly the problems that would otherwise draw out planning and consolidation processes.
Using SAP HANA to handle the growing volume and variety of data not only gives finance professionals more power and insight, it gives them more time. Many finance executives who are heavily involved in financial planning and analysis spend the majority of their time aggregating data. SAP Planning and Consolidation combined with SAP HANA addresses this problem head on – internal tests have shown greater than 21x performance improvement on large data sets, which amounts to significant time savings for financial planning and analysis (FP&A) professionals, who can allocate this freed-up time to analysis and supporting the business. By accelerating processes, SAP Planning and Consolidation, version for SAP NetWeaver on SAP HANA is earning its way onto the “must-see sessions” list at SAPPHIRE NOW. If you would like to learn more, stop by our session at SAPPHIRE NOW or visit the EPM solutions page on sap.com.