SAP Analytics Cloud, also known as SAC, is a platform designed to analyze, plan and forecast within a single cloud environment. Its core functionality is to provide a unified source of information that can be used within analytics, aggregate data, and transform it into meaningful insights that can be used to make timely, effective, and data driven.
A predictive analytics and business intelligence platform, in short, which in recent versions has been enriched with planning and collaboration capabilities to become a benchmark for financial planning and analysis. Its strength is the ability to Combine the characteristic analysis of the SAP BI platform with the planning, in one easy-to-use system with advanced collaborative features.
As with all SAP products, SAP Analytics Cloud works seamlessly in any ecosystem, thanks to numerous integration systems, even with on-premises systems.
SAC Planning: the strengths
We have mentioned how planning tools have been improved and extended in the latest versions of SAP Analytics Cloud. Many of these can help companies create more effective, agile and functional planning, even in complex scenarios. Here are the main features that deserve special emphasis.
- Collaborative planning: the ability to collaborate on planning is one of the basic needs of an organization. SAC’s planning tools include the ability to Automate workflows, for example by generating tasks based on a driving dimension. For example, it is possible to make a request for sales plans for all product codes in a single action: all managers and appointees will receive the new tasks in their respective calendars.
- Data processing using Actions and Triggers: an automation system that allows the creation of even complex actions, which are performed automatically or semi-automatically based on parameters (the triggers). These actions can be very simple or even very complex and can also be designed through a visual tool.
- Advanced forecasting tools-Forecast and Rolling Forecast tools enable forecasting, for example, to compare multiple versions of data to support decision making. Forecasts based on current data can be compared with public or private forecasts.
Smart Predict in SAP Analytics Cloud for Planning
Among the tools SAC provides for planning is undoubtedly Smart Predict, a Predictive Forecasting tool that relies on machine learning, statistical analysis and artificial intelligence to define the probability of different scenarios, based on the company’s historical data.
The integration of Smart Predict and SAC Planning allows planning models to be used as data sources and to return forecasts generated directly within the models.
Using advanced predictive analytics, this platform makes it easy to anticipate events, trends, and assessments and can support data-driven decisions even in the planning context.
SAP Analytic Cloud Training: using the tools to their best advantage
SAC Planning’s new functions offer great opportunities to create effective business planning by making the most of data, especially with regard to the planning economic and financial. To deepen and learn more about all the new features of the platform, SAP has created an information site that contains key information.
Discover all the benefits of SAP Analytics Cloud for Planning and contact us to receive information about it.
