Why SAP Analytics Cloud should be considered as the de-facto “Holistic Finance Platform” for SAP Business ByDesign and SAP BusinessOne users?

A “Holistic Finance Platform” as I would like to describe it, is a low or no-code software platform that enable finance professionals (CFO’s, Finance Managers, Controllers etc.) to fulfill their internal and external reporting and analytical requirements.

In other words, it is a software toolkit that enables Finance teams to:

  • Build the analytical data warehouse they need to answer questions on how they are currently running their business, making sense of many data sources, and removing data silos.
  • Confidently build budgets, plans, and forecasts that will impact their future.
  • Aggregate, consolidate, and report on a single version of their data removing the need for constant reconciliations, while sharing financial data with their external auditors and local regulatory authorities.
  • Benefit from the latest technology innovations around augmented, predictive and AI driven analytics.

For the business leaders in SME’s, the value of such platforms is not always clear as they have often built processes in large and complicated Excel spreadsheets with access to disconnected data sources. While the process of building and adding to these solutions in Excel is felt to be a simple enough for Finance users, the tool they end up creating makes sharing, collaborating on and securing the data very complex if not impossible, indeed our paper “When Excel stops Excelling” details the very real costs of this approach. This process will have, on the contrary, created more siloed information that is dependent on key personnel, a situation that is not always simple for CFOs to deal with.

So why should SAP Business ByDesign and SAP BusinessOne finance users adopt SAP Analytics Cloud?

The first and most obvious response to this is that the product has all the required functionality to answer the needs of Finance professionals:

  • Sap Analytics Cloud is a modern full-fledged BI platform that is the next generation from the global leaders in Business Intelligence SAP Business Objects;
  • Is a solution that includes planning, budgeting and forecasting functionality.
  • It is shipped with predictive, augmented and AI- driven functionalities as standard
  • It is a user-friendly, highly configurable and customizable tool (App Designer)
  • It supports complex financial reporting requirements as well as operational analytic requirements in a platform for enterprise wide reporting and analytics.
  • The solution also includes an embedded integration and data acquisition module as well as it’s own data store on the latest HANA platform bringing in-memory data warehouse like power to normal business users.

Additionally to all these features, the Opal Wave team has invested hundred’s of man days to build in SAC a set of pre-build templated content that include:

  • Ready made data models with pre-configured connectivity.
  • A set of Dashboards with pre-defined metrics and a global chart of accounts.
  • As set of pre-build planning, budgeting, forecasting input templates and calculations build around a complete planification process for Profit/Loss, Balance Sheet and Cash Flow.
  • All content aiming at ensuring plug and play usage of the platform.

Having this pre-built understanding in your software kit can save tens or hundreds of consulting man-days understanding the source schemas, building integrations, and structuring equivalent data models before you even start to consider the outputs.

So whether you are still managing your entire financial data process in Excel or using advanced business platforms, you should consider looking at SAP Analytics Cloud and our templated content as the next evolution for your digital transformation on top of SAP Business ByDesign and SAP BusinessOne.

If you would like more information about SAP Analytics Cloud and SAP BPC please feel free to email me on: fouad.elhage@opalwave.com

I would be more than happy to share with you our experiences and customer successes in the Analytics, Planning, Budgeting and Consolidation space.

References:

When Excel stops Excelling: https://opalwave.com/bpc/when-excel-stops-excelling/

Resources on Opal Wave’s SAC Qualified Packaged Solutions for SAP BusinessOne and SAP BusinessbyDesign:

Cloud Score for SAP Business One

Cloud Score for SAP Business One A set of dashboards which connect to each of your ERPs Include reports against ACTUALS data only (all that is available in ERP) Provide users a set of default reports and dashboards that can be used to supplement the ERP data, aggregate/consolidate and view in a multidimensional and navigable format Templated reporting tools Easily integrates…

Cloud Plan for SAP Business One

Cloud Plan for SAP Business One Full suite of Finance planning and reporting tools and dashboards Include reports against ACTUALS data only (all that is available in ERP) Processes and logic to complete a full P&L, BS and CF budget or forecast HR costs reporting Headcount planning Revenue dashboards and reports Provide users a set of default reports and dashboards…

Cloud Plan for SAP Business ByDesign

Cloud Plan for SAP Business ByDesign Full suite of Finance planning and reporting tools and dashboards Include reports against ACTUALS data only (all that is available in ERP) Processes and logic to complete a full P&L, BS and CF budget or forecast HR costs reporting Headcount planning Revenue dashboards and reports Provide users a set of default reports and…

Cloud Score for SAP Business ByDesign

A set of dashboards which connect to each of your ERPs Include reports against ACTUALS data only (all that is available in ERP) Provide users a set of default reports and dashboards that can be used to supplement the ERP data, aggregate/consolidate and view in a multidimensional and navigable format Templated reporting tools Easily integrates with SAP Business One Ability to…

About the Author

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Fouad EL Hage

Fouad is Managing Director at Opal Wave Middle East and highly experienced consultant who has delivered statutory consolidation, management reporting, planning, budgeting and forecasting, and other performance management applications over many years.

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