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Newsbyte: SAP Helps HP Transform Expense Planning For Increased Efficiency And Accuracy

WALLDORF, Germany, Aug. 29, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) has ushered in a new era of business planning with the SAP® Business Planning and Consolidation application, version for SAP NetWeaver® powered by the SAP HANA® platform. Customers like HP have taken advantage of the application to transform their finance organizations and gain unprecedented speed and new levels of insight.

(Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)

SAP worked with HP to help its finance organization transition from segregated processes and multiple costly competing tools to a unified planning solution. The change has enabled HP's finance team to more quickly and accurately create forecasts. SAP Business Planning and Consolidation helped decrease the time it takes employees to create a monthly expense plan by 20 percent. With SAP, HP enhanced its business planning with the power and speed of the SAP HANA platform, run on HP ProLiant blade servers, making it easier for its employees to work in finance by reducing the amount of non-value add work.

"SAP Business Planning and Consolidation combined with SAP HANA allows our business analysts to analyze data quickly and make informed decisions," said Jim Mooney, program manager, Financial Planning and Simulation, HP. "The speed and detail that the SAP solution provides allows analysts to envision different scenarios and determine the best course of action while reducing the amount of time spent on data entry to creates an impressive level of forecasting efficiency."

Nucleus Research ranked SAP a leader in its Corporate Performance Management Technology Value Matrix, published in June 2013, based on the company's recent innovations in mobile, cloud and in-memory technology as well as integration with enterprise applications. SAP Business Planning and Consolidation is used by thousands of organizations to streamline planning and financial close processes to improve their top and bottom line. The application is designed to be owned and maintained by finance departments as well as other business users and features familiar and intuitive interfaces like Microsoft Excel and Web browsers and also incorporates mobile capability.

To learn more, watch a video from HP, " Enhance Business Planning with In-Memory Computing Technology."

For more information, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews and @SAPanalytics.

Media Contact: Jason Grosse, +1 (415) 694-8554,  jason.grosse@sap.com, PDT

SOURCE SAP AG

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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