Newsbyte: SAP Speeds Up Financial Reporting and Period-End Closing With SAP HANA®

Germany (March 19, 2012) –  SAP AG (NYSE: SAP) today announced the availability of SAP® Finance and Controlling Accelerator software powered by the SAP HANA® platform. The software enables customers to leverage data effectively in order to gain a competitive edge while unlocking opportunities to improve financial performance. Following the release of SAP® CO-PA Accelerator software for profitability analysis, SAP is now releasing the second offering of acceleration software powered by SAP HANA for finance. The combined power of SAP HANA and the SAP® ERP application helps financial professionals perform faster reporting and analyses, accelerate period-end closing and make smarter decisions.

SAP Finance and Controlling Accelerator supports finance organizations with faster access to vast amounts of ledger, cost and material ledger data as well as easy exploration of trusted and detailed data. It offers four implementation scenarios – financial accounting, controlling, material ledger and production cost analysis. Each can be implemented individually or in any combination. SAP HANA provides a platform that enables companies to query multiple types of data sources, helping to drive business in real time and deal with increasing volumes of data.

To help ensure quicker time to value, SAP Finance and Controlling Accelerator is available as a rapid-deployment solution. The SAP ERP rapid-deployment solution for accelerated finance and controlling with SAP HANA provides maximum predictability to customers with a fixed cost and scope while quickly addressing critical processes in finance and controlling. The quick-time-to-value implementation methodology enables customers to go live in as little as four weeks.

For more information, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews.

Media Contact:Susan Miller +1 (610) 661-9225,, EDTSamantha Finnegan +1 (650) 276-9350,, PDT

Source: SAP AG

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