The Future of Finance

Transforming Finance with Instant Insight

Keeping up with the accelerating pace of business

What is SAP Simple Finance?

SAP Simple Finance is a comprehensive solution powered by SAP HANA® for the office of the CFO that delivers instant insights with on-the-fly analysis across all dimensions of financial data simultaneously without system limitations due to the need for prebuilt aggregates and data marts. SAP Simple Finance covers the following areas of finance:

  • Financial planning and analysis
  • Accounting and financial close
  • Treasury and financial risk management
  • Collaborative finance operations
  • Enterprise risk and compliance management
  • Challenges CFOs face

    CFOs want their finance departments to:

  • Become more strategic to the business
  • Support the drive for constant innovation
  • Improve decision makers’ “time to action” with real-time, meaningful data
  • Storage Footprint: Not a 1:1 Comparison with Traditional Data Storage

    Yes, in-memory storage is more expensive than traditional database storage. However a 1:1 comparisonbetween traditional data storage and in-memory storage (of any kind) cannot be made. The SAP HANA in-memory database will allow you to decrease your storage requirement by a ratio of at least 4:1; so you need only onefourthof the storage that you’re currently using. In many cases this ratio is even higher, thus reducing storage requirements by an even greater factor while increasing processing speeds of data.

    What SAP Simple Finance offers

  • Built-in ability to use prediction, simulation, and analysis to evaluate the financial implications of strategic business options
  • One common view of financial and operational data, to help ensure enterprise-wide consistency and reduce reconciliation time and errors
  • Optimization of business processes
  • Real-time data across all financial dimensions
  • A beautiful user experience
  • On-premise, hybrid, and cloud deployment options and a nondisruptive migration path
  • Value proposition

  • Better business advice due to more
  • relevant and timely insight
  • Better corporate alignment and agility due to direct end user access to insight
  • More effective management of working capital and financial risks
  • Lower IT complexity
  • Lower cost for manual report generation and data reconciliation
  • Lower operational risks from fraud and other noncompliance activities