SAP RealSpend Provides Real-Time Budget Information
SAP has introduced RealSpend, a mobile application that provides line managers and others with real-time budget and spending information, by pulling data from their financial reporting systems.
This is the first time SAP's budget-planning software has been offered as part of its HANA Cloud Platform, its platform-as-a-service technology that supports countless third-party applications and enables customers to extend their core applications to the cloud.
It's also one of the first applications to connect to SAP S/4HANA Finance, a hybrid solution that supports on-premise and cloud environments, without replicating data.
For many companies, financial and budgeting tools exist on-premise, in various applications—which is why they're collected into reports only every few weeks.
SAP RealSpend for the HANA Cloud Platform makes budgeting information always available and searchable—instead of something managers see once a month.
"There's an old saying that what gets measured, get managed," Peter Graham, director of finance solutions and mobility at SAP, told eWEEK.