Madiba has been focusing on improving and automating the underlying business processes as well as implementing decision-making, planning and analytic solutions for more than 20 years. As an SAP partner and former auditors working with Finance Executives, we saw the need to connect the dots between the CFO’s informational needs and data points in the SAP.
In developing SNAP, 33,000 data points in SAP were evaluated, allowing the identification of the best methods to present the data for key performance indicators. Madiba’s team of Certified Chartered Accountants, CPAs and former CFOs assessed these data points and compiled a unique proprietary set of views. They provide executive insight at a glance and highlight the items requiring attention. SNAP is built with a “less is more” approach for executive reporting with the option of additional detail if needed.
It is common practice for financial analysts to export raw data from SAP and then stitch it together for the summarized executive reporting. By nature, this is a labour-intensive exercise that may be repeatable but not readily available when needed.
With significant advances in in-memory computing, SAP’s S/4 underlying technology (HANA1) has made it possible to eliminate the traditional replication of detailed data to external data warehouses for reporting. Although traditional data replication processes can be automated, there is always the inherent concern about whether the reports reconcile to the official numbers in SAP or when the last data refresh is completed.
With SNAP, financial executives can see KPIs based on real-time data directly from the source (the SAP core system).
Taking advantage of SAP’s new robust reporting capability that provides financial insight in an easy-to-digest manner, SNAP is built on SAP’s Analytics Cloud (SAC) platform making it easy to interact with financial insights on a phone, mobile device or web browser. SAC not only allows for actual analysis but also allows but robust planning and predictive analytics.
In a survey, 64% of CFO respondents confirmed that they struggle with data reporting and changes due to dependence on IT.
Get going in a SNAP – Rapid activation.
Changing the current paradigm of expensive and long-running finance data warehouse implementations, SNAP is a solution that can be quickly deployed and implemented at a surprisingly cost-effective price point with a low monthly subscription cost.
Own a reporting solution for finance.
SAP Analytics Cloud is a new generation of cloud analytics SaaS platforms that provide a modern as well as intuitive user experience to save time by planning, analyzing, predicting and collaborating in the context, whether your organization is on S/4 cloud, on-premise or other.
SAP S/4 HANA is a next-generation intelligent ERP by SAP that runs on the revolutionary in-memory database technology called HANA and has embedded machine learning capabilities to optimize financial processes.
IMPORTANT NOTE: Madiba is not associated with or sponsored by any of these registered or trademark owners.
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