The “financial health” of global organizations and even large governments are gaining a lot more attention today. Almost every day there are headlines in the news all citing after-the-fact issues in business practices with costly compensatory actions. It is no wonder that the increased focus on risk, current volatile markets, intense investor and regulatory scrutiny are placing greater strain on finance departments to detect and respond to fast changing market realities.
The Real-time financial planning use case highlights how business conditions require finance leaders to re-think their established planning process. Key requirement is the shift from periodic planning cycles to much more flexible, dynamic and iterative process. Holger Faber who is Solution Lead from SAP Global IT explains, “A planning application may not sound like a typical big-data solution. But sales forecasts and other plans can often involve hundreds of thousands of records – especially when a company is dealing with snapshot versions, matrix planning, and reference data. Also, planning requires stable and reliable performance; you need to know that it will be completed in time for corporate and regulatory reporting.“
However, with the ever increasing financial data volumes most IT organizations cannot handle the analysis of their financial data in a timely and cost-effective manner.
Is your company’s financial planning process able to surface potential issues before it reaches a crisis point?
Don’t take my word!
Attend the SAP Insider HANA Seminar on July 25-27 to hear David Foster from Colgate-Palmolive present his company’s experience with SAP HANA for financial planning. Key topics that David will cover are:
- How Colgate-Palmolive delivered a robust commercial planning process using SAP HANA along with various other technologies to drive internal alignment and external customer engagement
- How Colgate-Palmolive has been able to drive reductions in planning cycle times, increase effectiveness through real-time scenario analysis, and improve collaboration between all commercial functions
- Lastly David will walk through Colgate-Palmolive’s implementation methodology and take home tips to accelerate your organization’s implementation
Hear directly from customers recorded at Sapphire Orlando: