Streamlining Financial Forecasting with Advanced BW on HANA Solutions
Overview:
Diligent Global was approached by a leading company in search of enhanced scalability and performance for their financial modeling functionality. The company required a robust solution for leveraging advanced processing of diverse data sources, reducing Total Cost of Ownership (TCO), and improving departmental efficiency for financial forecasting.
Challenges:
- Existing BW environment was not optimal for the client’s expanding financial analysis and reporting needs.
- There was a necessity for improved scalability to manage complex financial models.
- A significant reduction in data processing time was required to enhance decision-making.
Solutions:
- Implemented BW on HANA using advanced BW-Integrated Planning (BW-IP) and SAP Analytics Cloud (SAC) for improved planning and forecasting models.
- Optimized BW models with HANA optimized BW-IP/PAK and Composite Providers, reducing data load and calculation times.
- Provided a streamlined solution for seamless real-time landscape and data management using HANA optimized data models.
Results:
- Achieved a reporting run time 33% faster than the legacy database with real-time monitoring of sales activities.
- Decreased data load and calculation times, providing a 55% improvement in data compression ratios.
- Enabled real-time financial reporting insights and accelerated transactional operational updates across the business.
Summary:
The implementation of BW on HANA and SAP Analytics Cloud by Diligent Global provided the client with a high-performance financial planning and analysis platform. This transformation led to significant improvements in data processing speeds and reporting capabilities, fostering a more agile and data-driven decision-making process.
To discover how Diligent Global can elevate your company’s financial planning and analysis capabilities, contact us at info@diligent.com for a consultation. Partner with us to harness the full potential of SAP BW on HANA and Analytics Cloud solutions.
