SAPPHIRE NOW: Real spending in real time

Line managers outside the finance function will be able to access up to the minute budget and spending information with a new mobile app, SAP RealSpend, built on the SAP HANA Cloud Platform.

The app, which was developed at SAP Labs Berlin/Potsdam, Germany, pulls data from core financial reporting systems to provide instant access to data that was previously inaccessible and actively manage budgets and actual spending.

“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,” said Thack Brown, general manager and global head of LoB Finance, SAP.

SAP RealSpend connects to the S/4 HANA Finance solution in real time without having to replicate data, and also works with other data from SAP and third-party sources.

The app has detailed drill-down features that make it possible to perform a fine-grained analysis of actual and future spends, as well as related forecast and budget plans. Managers can also simulate the influence of certain decisions into budget factors including sales, marketing, travel, hiring and equipment investment.