SAP NEWSBYTE — In line with its product road map to help customers run better by accelerating planning, streamlining financial reporting processes and reducing risk, SAP AG (NYSE: SAP) today announced support for the SAP HANA® platform from the SAP® BusinessObjects™ Planning and Consolidation application, version for SAP NetWeaver®. The announcement was made at Financials 2012, being held March 13-16 in Las Vegas, Nevada.
The power of SAP HANA dramatically enhances unified planning, budgeting, forecasting and consolidation processes. Powered by SAP HANA, SAP BusinessObjects Planning and Consolidation 10.0, version for SAP NetWeaver aims to increase agility by helping enterprises harness big data to plan better and act faster with better insight into all relevant information and rapid write-back. The application is planned to be the first enterprise performance management (EPM) application to support the SAP NetWeaver® Business Warehouse component, powered by SAP HANA announced last year. SAP intends to allow customers running the application that have invested in SAP HANA to leverage the power of in-memory computing technology to boost performance by accelerating planning and consolidation processing.
“As a leading provider of EPM and core financials applications, SAP has driven the industry’s agenda in innovation in the office of the CFO, so it comes as no surprise that these applications have been the most requested from customers and partners to run on SAP HANA,” said Sanjay Poonen, president, Global Solutions, SAP. “The power of SAP HANA enables financial professionals to perform faster planning, query, reporting and analysis, profitability and simulation in real-time. As a result, SAP helps companies accelerate period-end closing and smarter decision-making — faster than other vendor offerings available today.”
SAP’s mobile-first strategy was demonstrated during a keynote by Poonen at Financial 2012, featuring a next-generation iPad app designed to engage everyone by simplifying input and exploration of data as well as planning activities — all powered by the underlying SAP HANA platform.