12 Nov Opal Wave Builds On World First With SAP Hana Platform As A Service And BPC Cloud
Opal Wave Builds On World First With SAP Hana Platform As A Service And BPC Cloud
Ground-breaking Enterprise Performance Management (EPM) and BI consultancy Opal Wave is taking hybrid cloud development to the next level by offering its SAP HANA Platform as a Service alongside its unique BPC Cloud SAP BPC solution.
The solution, from the leading SAP EPM (Enterprise Performance Management) partner and expert in all of the essential supporting technologies, enables clients to combine on-premise private and public cloud for ultimate performance. Covering all SAP and other solutions, the flexible, compliant, cost-effective and scalable platform can be customised to fit client needs exactly.
Simon Bell, Opal Wave sales and marketing director, explained: “The development of SAP HANA Platform as a Service builds on our achievement last year, when we became the world’s first organisation to launch the BPC Cloud a cloud-based version of the SAP BPC system, powered by SAP HANA, extended by the leading SAP Analytics Cloud dash-boards, predictive analytics and sophisticated BI solution.
“The SAP Platform as a Service development eliminates the need for expensive hardware and internal support. The highly efficient and massively scalable platform, simple to configure and deploy can be seamlessly integrated with on premise solutions to provide a sophisticated solution for an organisations entire SAP deployment needs or may be part of a hybrid deployment for users.
“The BPC Cloud includes a suite of fully customisable, ultra-rapid templates for financial planning, budgeting and forecasting, built to comply with the latest International Financial Reporting Standards, on which clients can literally Go Live in a Day™.
“It includes General Data Protection Regulation-compliant detailed headcount planning functionality and generates all essential reports ‘out of the box’”.
Complex and challenging issues are being addressed with the value-added capabilities Opal Wave is providing to its customers. As an example, to address compliance with International Financial Reporting Standard (IFRS) 16, which will transform lease accounting, set to take effect from January 2019, Opal Wave has developed an IFRS 16 model. Providing a complete solution for complying with the measure – and therefore removing much of the time, effort and worry from this task, including transition – the innovation works with all existing SAP BPC applications.
SAP Analytics Cloud
Simon added: “Another popular solution is our SAP Analytics Cloud, which simplifies, accelerates and improves fact-based decision-making across client organisations. Providing a single, cloud-based application that businesses don’t outgrow, it enables clients to discover and visualise all data throughout their organisations, while providing an effective and engaging user experience, across all roles and devices.”
Opal Wave’s overall mission is to provide best practice guidance on EPM processes as well as installing, maintaining and upgrading solutions providing the powerful, integrated functionality essential for modern finance and other organisational teams. Its applications enable them to enhance the speed, efficiency, relevance, consistency and accuracy of their reporting and analytics.
Simon said: “Aspects of strategic and operational management for which our solutions are widely used include planning, budgeting and forecasting, in areas such as sales and revenue, capital spending, headcount, expenses and salaries. Their other applications include managing cash flow and liquidity, statutory consolidation, financial reporting and analytics, plus predictive analysis and modelling.
“We provide solutions built on standard technologies from SAP, Microsoft and other vendors, optimally designed and constructed to support the most appropriate processes for clients. We ensure these applications are aligned to business objectives, responsive to user needs and adaptable to changing circumstances, so clients can perform better and achieve more.”
Best In Class
Opal Wave’s best in class value-added services span performance management strategy guidance, process re-engineering, systems implementation, training, managed cloud hosting and other support throughout a solution’s lifespan.
Managed and staffed by professionals with many years’ EPM and BI experience, Opal Wave’s lengthy roster of household name clients includes: Bank Audi, Lebanon’s largest organisation of this type; betting and gambling giant Ladbrokes Coral; global specialist manufacturer Morgan Advanced Materials; multinational chain Scandic Hotels; adhesive product and bonding solution specialist Scapa Group; major bearing and seal maker SKF; and manufacturer 2 Sisters Food Group. More recently, Ireland’s leading pharmaceutical distribution and services company Uniphar and Farfetch the London based fashion industry unicorn which recently completed it’s highly successful US IPO, valuing the business at $1.2 Billion, have chosen to work with Opal Wave and now use the company’s BPC Cloud and Platform as a Service solutions.