With the explosion of data and data sources, financial departments have a greater demand for fast, accurate, accessible and up-to-date information but from a simplified source. Without the right technology data is useless.
This is where SAP HANA comes in. However, before companies can gain a better insight into their data and understand the simplifications, they will need to gain a better insight into HANA. Hence one of the reasons SAP have created their new Experience Centre.
The SAP Experience Centre is a fully interactive environment where visitors can experience SAP HANA and other SAP innovations first-hand and immerse themselves in the various, interactive scenarios which have been set up – from driving a Formula 1 car to using data to investigate and predict crime scenes.
Even though the Experience Centre is still a new concept, Invenio thought this would be an ideal venue for a Simplified Financials event. To make this event truly unique, Invenio made it as intimate as possible and hosted the first ever partner event to a select few within UK finance departments.
The event kicked off with breakfast at 9.30am and sharply progressed onto the first presentation by Varik Torsteinsen, Head of Innovation at SAP. He spoke about why the Experience Centre was created, how it can transform thinking and what really is SAP HANA.
SAP realises that it has an extremely powerful platform with HANA and is at the beginnings of investing in and creating thought leadership on how it will be able to be utilised in the future. For many organisations this will involve ‘thinking out of the box’ to consider the creation of services which were just not possible or affordable on the previous technology generation.
This followed onto a presentation of Invenio and SAP’s partnership where Invenio spoke about the considerable investment it has made into their HANA Lab and how it could help organisations to gain from the HANA Platform including the facility to run proof of concepts using a client’s own data.
The next presentation was by James Willis at SAP on Massive Simplifications on SAP Financials.
As companies seek to integrate their decision making with their data, they need to rely more on speed and have a clearer understanding of their transactional data. SAP Financials has been built to meet the increasing and evolving business needs of the finance departments. James led the delegates through the capabilities of the solution:
- Provides a one-stop access to all financial and non-financial data
- New on-the-fly capabilities for moving finance processing, such as month-end activities, from batch to real time
- Innovative rapid planning and forecasting combined with predictive analysis to explore new business models and immediately assess potential effects on the bottom line
- Enables flexible data drill-down to actionable information
- Connections to business networks in real time to establish an integrated business ecosystem and help drive optimal collaboration with customers, suppliers, banks and government authorities
- Ensures harmonised data without manual reconciliation
We then broke for lunch to prepare ourselves for the real fun part! An exclusive tour of the Experience SAP Centre.
The centre is split into 4 sections, we explored each of these as explained below. All of the delegates spent time testing out the different areas
Exploding populations, devastating typhoons – the world is changing rapidly. The delegates came face-to-face with the challenges these factors present. SAP’s multi-sensory experience puts delegates at the heart of the story and takes them on a journey that can change lives for the better.
THE FORMULA 1 CAR
Data is a real game-changer in sport. In Formula 1 racing, the difference between winning and losing can be a millisecond.
McLaren trusts SAP HANA to provide critical real-time data and analytics. Helping the team make more informed decisions faster and each lap closer to perfection. Each delegate got their turn to race a real-life, Formula 1 car on the Abu Dhabi circuit.
In this room, the delegates took on the role of crime investigator to discover who has stolen a priceless piece of art in London. The delegates were able to use SAP’s predictive analytics to analyse past crimes and work through clues to predict future strikes.
DESIGN THINKING ROOM
This rooms enables organisations to look at their businesses differently using some of the latest innovations; cloud, in-memory computing and analytics. This high-tech centre can identify how to transform a business.
This event was a great experience and our delegate’s came away with a lot more knowledge and insight into SAP. To be the first to hear about our next event you can sign up to our mailing list by here Sign Up