Consider the Cloud.
Finance and Accounting are notoriously slow adopters of new technology paradigms. Many of their counterparts in Sales (Salesforce, SAP CRM) or HR (SucessFactors) have already adopted cloud-based solutions. And now, according to the Gartner “Magic Quadrant for Corporate Performance Management Suites,” this shift is happening in Finance with the move toward cloud-based Enterprise Performance Management (EPM) solutions.
According to a 2013 Gartner survey of CFOs, 83% of respondents said that they expect half of their transactions to take place in the cloud over the next four years.
SAP entered the Cloud-based EPM space in late 2014 with the release of Analytics Cloud. This is not a legacy on premise solution that has been retrofit for the cloud. Analytics Cloud (SAC) was designed from the ground up to be a cloud-focused solution. SAC is delivered on the class-leading HANA in-memory database for unparalleled performance and scalability.
SAC includes components for Business Intelligence (reporting, dashboards, visualizations, geotagging, and self-service data-discovery), planning and budgeting (financial and operational), and predictive analytics. Moreover, Analytics Cloud is the platform enabling SAP’s existing new Digital Boardroom solution, an interactive reporting interface that draws together summary level dashboards and reports, with transactional level details so that executives can gather around a set of touchscreen projections and interactively interrogate real-time the financial and operational details that roll up into their dashboard reports.
VantagePoint was an early advocate of the Analytics Cloud toolset. We were the first firm globally to implement the product, and continue to work with the Product Development team on new features and functions. Our team literally has more experience than anyone in implementing the SAP Analytics Cloud tools.
Moreover, we are leading the charge in developing two other key capabilities for SAC: hybrid BPC / SAC solutions, and prepackaged functional / industry content.