SAP Accelerates Innovation in Financial Management

SAP HANA® Helps Increase Agility in Finance and Drive Massive IT Simplification

NICE, FranceSAP AG (NYSE: SAP) today announced a new wave of innovation for SAP® Business Suite powered by SAP HANA® to help enterprises accelerate their finance transformation. The innovation modernizes the SAP ERP Financials solution by leveraging the native capabilities of the SAP HANA platform with a next-generation architecture and reinvented user experience. The announcement was made from SAPinsider, being held May 21-23 in Nice, France.

SAP is enriching the real-time financial management solution with:

  • A common source of information for all regulatory and managerial accounting processes, eliminating the need for manual reconciliation
  • New reporting and analytics capabilities for finance users with self-service access to all information, allowing instant insight-to-action
  • On-the-fly capabilities for moving finance processing, such as month-end activities, from batch to real time

This innovation also serves as the basis for the new accounting and cash management solutions SAP Accounting powered by SAP HANA and SAP Cash Management powered by SAP HANA, designed to meet the evolving requirements of finance departments.

“Deloitte has been collaborating with SAP on the next-generation finance solutions and we have significant experience with SAP HANA, as we use it within our own financial systems,” said Jan Waals, principal, Deloitte Consulting LLP and global SAP practice leader. “The role of the CFO and the CFO’s team continues to evolve, and this new wave of innovation will allow finance professionals to access information in new ways enabled by the speed and power of SAP HANA. This will help to drive ongoing finance transformation as we see it at Deloitte.”

In addition to driving agility in finance, IT departments can drive massive simplification with SAP HANA by removing data redundancies and aggregates for a reduced data footprint and increased throughput. To leverage modern design principles, SAP Business Suite customers also have the option to deploy SAP® Fiori® apps user experience for personalized, responsive and simple interactions across most common financial tasks.

SAP itself deployed the innovation in less than two months, including an evolution from the classical to the new SAP General Ledger application. Users can now better understand business drivers by analyzing all financial data in real time, on any dimension and without cumbersome reconciliation processes.

“We see CFOs around the globe starting the next wave of finance transformations to cope with the new normal of business reality and partner more closely with the business,” said Bernd Leukert, member of the Executive Board of SAP AG, Products & Innovation. “Technology is a major enabler of this transformation. This advanced innovation can now help finance organizations achieve a new level of alignment, agility and predictability not previously possible.”

Remaining true to the principle of delivering continuous innovation without disruption, the innovation is offered to customers for an additional cost as an easy-to-deploy financials add-on for SAP Business Suite powered by SAP HANA.

For more information, visit the SAP SAP News Center. Follow SAP on Twitter at @sapnews.

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 258,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

©2014 SAP AG. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Please see for additional trademark information and notices.

Note to Editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit On this platform, you can find high-resolution material for your media channels. To view video stories on diverse topics, visit From this site, you can embed videos into your own Web pages, share video via email links and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:

Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Samantha Finnegan, +1 (415) 377-0475,, PDT
SAP News Center press room;
Alex Gurdich, PPR Worldwide, +1 (415) 268-1637,, PDT