This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SAP Unveils SAPA® Simple Finance, A Modern Set Of Finance Solutions

Stocks in this article: SAP

ORLANDO, Fla., June 3, 2014 /PRNewswire/ -- SAP AG (NYSE: SAP) today introduced SAP® Simple Finance, a set of solutions to bring the simplicity of SAP Cloud powered by SAP HANA® to finance departments worldwide. As a leader in finance solutions for the last several decades, SAP worked closely with customers to identify the most complex tasks in finance and make them simpler to consume and perform. The result is SAP Simple Finance, based on SAP HANA in SAP HANA Enterprise Cloud, delivering real time insights to CFOs and finance departments so they can transform their business. SAP Simple Finance takes full advantage of the in-memory SAP HANA platform with new finance capabilities, offers a new and beautiful user experience for easy access, all deployed in SAP HANA Enterprise Cloud under a full subscription model, making it easy for finance departments to adopt these solutions. This modern finance software is designed to help CFOs accelerate their finance transformation and deliver strategic outcomes to their business. The announcement was made at SAPPHIRE® NOW, being held June 3-5, 2014, in Orlando, Florida.

SAP Logo.

With these integrated solutions, finance departments can now run their mission-critical processes in real time — including planning, analysis, accounting, consolidation, treasury, financial operations, risk and compliance — on a truly reliable and secure cloud. SAP Simple Finance is planned to be released for customers in 25 industries and more than 50 countries to match the local and global requirements of finance departments.

In addition to driving agility in finance, SAP Simple Finance is also designed to provide the most simple and unified end-to-end experience for easy adoption — from the discovery of the solution to the deployment, until the actual usage by finance users. By leveraging modern design principles, customers also have the option to deploy the SAP® Fiori® user experience for personalized, responsive and simple interactions across most common financial tasks.

"Thousands of companies around the globe run their finance processes relying on SAP solutions. The launch of SAP Simple Finance defines a completely new era with solutions designed to help our customers foster agility, flexibility and therewith simplicity in every business process," said Bernd Leukert, member of the Executive Board of SAP, Products & Innovation. "Delivered in SAP Cloud powered by SAP HANA, SAP Simple Finance sets a new standard of business software in our industry. CFOs and finance departments can now augment their strategic role in driving the business performance with real-time analytics and planning capabilities delivered in the cloud ."

Accelerated Finance Transformation  SAP Simple Finance has been built to help meet the evolving business needs of finance departments. This set of solutions includes advanced capabilities and innovations, including:

  • Providing a single source of truth between transactions and analytics to streamline and eliminate cycle times and reconciliations of the data
  • New on-the-fly capabilities for moving finance processing, such as month-end activities, from batch to real time
  • Innovative rapid planning and forecasting combined with predictive analysis to explore new business models and immediately assess potential effects on the bottom line
  • New reporting and analytics capabilities for finance users with self-service access to all information, allowing instant insight-to-action
  • Connections to business networks in real time to establish an integrated business ecosystem and help drive optimal collaboration with customers, suppliers, banks and government authorities
  • Global regulatory compliance capabilities across currencies, languages and industries with built-in legal compliance capabilities and continuous risk assessment along all enterprise processes

"SAP Simple Finance is a major step forward in changing how enterprise software is deployed and used across the financial operations of a company," said Joshua Greenbaum, principal analyst at Enterprise Applications Consulting. "It combines the ease of cloud-based deployment, a full set of standard financial functions and net new functionality that enables a company to conduct a soft financial close and model different financial scenarios. The result is not just better day-to-day financial management, but also an improved financial planning and execution function that can help companies stay abreast of rapidly changing market conditions."

Simpler IT With Choice For maximum choice and flexibility, SAP Simple Finance is offered with subscription pricing and can be deployed as a managed service via SAP HANA Enterprise Cloud. This set of finance solutions can also be connected to other cloud and on-premise applications in a hybrid deployment model, allowing customers to protect and extend their current IT investments.

Existing SAP customers can move to SAP Simple Finance by transferring their current finance landscape to SAP HANA Enterprise Cloud.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,713.64 +252.32 1.53%
S&P 500 1,953.13 +26.02 1.35%
NASDAQ 4,455.15 +72.3030 1.65%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs