SAP introduced SAP RealSpend, a mobile app providing visibility and access to up-to-the-minute budget and spending information.
The app, based on SAP HANA cloud platform, pulls data from core financial reporting systems so line managers can perform ad hoc spend analysis and other “on-the-fly” calculations for live business processing.
Developed at SAP Labs Berlin/Potsdam Germany using design thinking principles and input from finance professionals and SAP end users and managers, SAP RealSpend enables line managers to monitor and actively manage budgets and actual spend.
“SAP is known for providing leading-edge tools for the CFO and corporate finance function to manage spending and budget as effectively as possible,” stated Thack Brown, general manager and global head of LoB Finance at SAP. “This app uses the cloud to innovate on top of our finance core and provides line managers and others with budget accountability the tools they need to make sound spending management a real-time activity across the entire enterprise.”
SAP RealSpend’s drill-down features include a fine-grained analysis of actual and future spends and related forecast and budget plans. Users can also augment financial data through specific tagging features that enable flexible grouping and reporting.
One of the first apps connecting to the SAP S/4HANA Finance solution in real time without having the replicate data, RealSpend realizes the cloud platform’s ability to support hybrid and on-premise environments, and works with other data from SAP and third-party sources.
