Following hot on the heels of the launch of SAP S/4 HANA, SAP has released a new finance planning tool built natively on the SAP HANA Cloud Platform.
SAP Cloud for Planning combines simplified planning processes with a consumer app-like user experience and embedded social collaboration and analytics.
On the release, Steve Lucas, president, Platform Solutions, SAP, said, “Our mission was simple – build a modern financial planning solution in the cloud with the look and feel of a consumer app, and bring collaboration and analytics where they belong – within the context of the planning process. We wanted to bring something different to market than what’s currently available in the cloud.”
The solution is aimed at finance and other line of business professionals, to help simplify planning processes and integrate corporate and divisional plans. Operating as an in-memory solution, users can plan and simulate at multiple levels of detail, with multiple numbers of users, without delays.
According to Ventana Research, its recently published research highlighted the importance of using a dedicated planning application with advanced analytics and collaboration-in-context capabilities.
“The data showed that there is a correlation between the use of advanced analytics and more effective collaboration and gaining accuracy and agility in a company’s planning process,” said Robert Kugel, senior vice president and research director, Ventana Research.
SAP Services is making available three quick-start implementation options for SAP Cloud for Planning – proof of concept, initial implementation and implementation of a complete business process – and SAP will also offer full lifecycle options and support for customers with complex integration requirements.
