New SAP Cloud app targets finance professionals

Built on Hana, this application aims to give CFOs and other planners a consumer-like experience

SAP Cloud for Planning

SAP Cloud for Planning

Hard on the heels of the recent announcement of its next-generation S/4Hana enterprise software platform, SAP has unveiled a newSoftware-as-a-Service application aimed at finance professionals but delivering a consumer-like experience.

Built natively on SAP's Hana in-memory cloud platform, SAP Cloud for Planning embeds social collaboration and analytics directly within the context of the planning process. The result is that CFOs and other business leaders charged with financial planning can plan, analyze and discuss in context "rather than having to jump to another application," SAP said.

First announced last October, SAP Cloud for Planning aims to offer a modern planning app in the Cloud with the look and feel of a consumer application.

"SaaS for anything analytical has been a slow journey, but more is coming out now," said Henry Morris, an analyst with IDC.

The reason SAP's Hana and other in-memory engines are useful in this area is that a lot of financial planning works off of "cubes," whereby multiple factors are incorporated in multidimensional-analysis models, Morris said.

"The problem is, you have to keep rebuilding these cubes," he said. "It can be complicated, and for planning purposes you often have to go over and over it again."

In-memory capabilities, however, mean that such models can be built on the fly, he said. "It's a good application for in-memory technology."

Also worth considering is the inherently collaborative nature of the planning process, Morris pointed out. That, in turn, makes it particularly amenable to Cloud technology, where sharing is easy and location-independent.

Three quick-start implementation options for SAP Cloud for Planning are now available: proof of concept, initial implementation and implementation of a complete business process. SAP also offers full life cycle options and support through SAP Launch for customers with complex integration requirements.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags applicationsSAPsoftwareSoftware as a servicecloud computingFinancial / taxinternet

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Katherine Noyes

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?