In the business world, time is money. Companies are constantly looking for ways to minimize time spent crunching numbers, but, at the same time they hope their analysis will uncover ways to boost profits. In this post, I’ll focus on profitability analysis, which can sometimes take days and hours businesses don’t have. This is where the value of SAP HANA Profitability Analysis comes in.
Fully visualizing cost and profit drivers can now be done with a solution-accelerating application powered by SAP HANA. With this application, companies can access and use large volumes of financial data more quickly and efficiently than ever before. The great thing about HANA is that it can be installed right alongside your current SAP ERP system, providing added functionality and speed. Your system will do everything that it did before, but now it’s going to do it a lot faster and more efficiently – including analyzing profitability.
The benefits of SAP HANA Profitability Analysis all stack up to accelerated reporting and deeper insights. Cost Operations Profitability Analysis (CO-PA) reporting and allocations, month-end closing, and response times all come at a quicker pace, while data boundaries are eliminated and reporting dimensions are endless. This all comes together to help business managers make timely decisions. What’s even better is that itelligence provides a rapid-deployment solution to SAP HANA Profitably Analysis, which means businesses can be up and running in about 20 days.
While there is no room to cut corners on reporting, you can cut down on the time it takes with the solutions SAP HANA has to offer. Using SAP HANA Profitability Analysis, reporting can be done quicker than ever before, helping you make efficient, timely business decisions and ensure your business is on the fast track to success.