Business Intelligence

Core Features and Benefits of SAP Analytics Cloud for Planning

Whether you’re planning to distribute your funds for R&D, trying to improve or forecast sales, or simply reallocating your market spend, SAP Analytics Cloud can be your go-to tool.

 

One of the latest additions to the SAP portfolio, SAP Analytics Cloud was developed for businesses to plan and consolidate their operations with an additional predictive analytics functionalities component.

 

SAP Analytics Cloud was one of the first tools in the business intelligence world to cover all three significant aspects of a business: planning, data visualization, and predictive analytics. SAP Analytics Cloud is an SaaS-based product, a cloud option for aiding enterprises with all analytical tools.

 

Now that we have a brief understanding on what SAP Analytics Cloud is, let’s look at the core planning features of SAP Analytics Cloud for planning.

 

Primary Features of SAP Analytics Cloud for Planning

Below lists two major features included with SAP Analytics Cloud for planning.

Augmented Analytics

SAP Analytics Cloud provides organizations with augmented analytics capabilities, allowing businesses to make the most of artificial intelligence (AI)-powered analytics. The solution provides a Search to Insight feature, making it possible for users to access the platform without having any prior knowledge or training in data science.

 

The smart insight tools make it easier for businesses to visualize data without much manual intervention. SAP Analytics Cloud combines three machine learning algorithms to automate predictive analysis, allowing significant insight into secured data, and ultimately aiding improved business management.

Enterprise Planning

SAP Analytics Cloud works as an all-in-one financial planning and analysis (FP&A) solution, allowing businesses to create strategic alignment across all departments. The application enables businesses to make better end-to-end planning decisions with the use of advanced built-in smart features like financial modeling, automated reporting, allocations, and intelligent insights.

 

Further, its zero-based budgeting feature allows organizations to allocate resources more effectively, with the use of embedded collaboration tools. This way, the entire finance team is aided when discussing cost and revenue, and allows for consensus and better budget templates.

 

SAP Analytics Cloud Benefits

Now that we understand the core planning features of SAP Analytics Cloud, let’s look at some of the benefits of integrating the tool into your ecosystem.

Data on the Go

As one of the latest additions to SAP’s intelligent enterprise toolkit, you can easily integrate it with SAP S/4HANA, and deploy to Android and iOS devices. This way, you can easily carry your business operations over to the smaller screen, providing you with flexibility of control over a secured cloud network.

Real-time Cloud Insights

SAP Analytics Cloud makes it possible for users across an organization to use its analytics tools. The native language functionality of the application makes it easy for users of every level to generate immediate insights and improve decision-making.

Customized Dashboard

SAP Analytics Cloud allows users to customize their dashboards, as per their requirements. This means that navigating through different files and folders, each with a distinctive look depending on the business aspects of the department being perused, is a thing of the past. With the use of SAP Analytics Cloud, business owners can access all the relevant data over a launchpad, displayed attractively and intuitively.

Collaborative Planning

SAP Analytics Cloud binds multiple aspects of a business to one platform, allowing companies to plan for the near future. The solution combines all powerful business elements (finance, HR, sales, and supply chain) into one seamless planning process. This way, organizations can easily integrate their budget, forecasts, plan, and actuals. With one platform executing multiple aspects of a business, it becomes possible for executives to stay in the loop of operations and planning.

Live Data Connection

With its ability to be integrated with SAP S/4HANA, SAP Analytics Cloud saves organizations from making similar changes across multiple files in the cloud. This allows businesses to make all necessary changes in one location in the cloud, without any manual intervention in the source system.

 

Who Can Implement SAP Analytics Cloud into Their Business?

Every mid- and large-scale business can integrate SAP Analytics Cloud into their landscape. The intuitive UI and native language functionality are perfect stepping stones for users to use to adapt to the solution.

 

Further, the reports designed by this tool make it easy to highlight critical indicators, representing growth in the business. However, before a company of any size chooses to adopt the solution, it is always a smart move to keep in mind the expenses of such an implementation. It is always advisable to learn about implementation help and services from an SAP Gold Partner.

 

Conclusion

Aiding enterprises with operational flexibility, SAP Analytics Cloud allows for some quick wins, providing real-time data availability and seamless resource management. Considering the functionality that it puts on the table, SAP Analytics Cloud is poised to be a leader in the future of smart business management.

Recommendation

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Discover the next generation of BI with this guide to SAP Analytics Cloud! Get your data into the system and see which data models to use in which situations. Next, learn about stories — how to create visualizations for them, publish them, and enhance them. With information on using SAP Analytics Cloud for financial planning, predictive analytics, dashboard creation, and more, this book is your one-stop shop!

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Eric Smith
by Eric Smith

Eric Smith is an SAP professional with expertise in a wide range of SAP solutions. With a knack for technology, he loves to write on the latest SAP developments and share his knowledge with readers.

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