Real-time Financial Analytics Speeds Up Data Processing by 100X

Real-time Financial Analytics Application Speeds Up Data Processing by 100X

Global Audit and Consultancy Company

Location:

USA

Cooperation period:

2008 - present

Industry:

Professional Services

Employees:

100,000+

About the Customer:

One of the leading audit and professional services firms that supports clients globally by providing a full range of consulting, risk management, legal, tax, and financial advisory services.

Executive Summary

Goal: Improve data accuracy and integrity for developing predictive quality models, enable near real-time data availability, and re-platform Finance databases to support Next-Gen Project Analytics in the future. 

Solution: Implemented the SAP HANA Advanced Financial Analytics Project to migrate core finance data from ECC, integrating Special and General Ledger data into the HANA analytics platform. 

Benefits: Enhanced data availability for strategic analytics, enabled deeper analytics with more accurate data, automated reporting efforts, and accelerated data processing speeds by up to 100 times. 

Services delivered: SAP Services, Smart Insights, BI & Data Analytics, Quality Assurance.

Business Challenge

Working on the development of predictive quality models, the client's data scientists faced the problem of poor quality of exported data (incomplete, insufficient, etc.) needed for training a model.

  • With the amounts of data constantly growing, our client needed to re-platform Finance databases from legacy SAP BW to support Next-Gen Project Analytics in the future.
  • Integrate Special and General Ledger data into the HANA analytics platform
  • Enable near real-time data availability
  • Allow access to data utilizing established tool sets (SAP Analysis for Microsoft Office, Tableau)

Solution

  • Implemented SAP HANA Advanced Financial Analytics Project that delivers existing core finance data to the SAP HANA platform from ECC using the Special and General Ledger to meet ad hoc reporting requirements.
  • The system contains at least 3bln records and is used by at least 10,000 users daily.

Technologies

Angular logo
Angular
SAP BODS logo
SAP BODS
SAP HANA logo
SAP HANA
Tableau logo
Tableau

Business Value

  • Increased data availability to allow more in-depth strategic trending and analytics
  • Enabled deeper analytics by providing detailed date-level data
  • Reduced manual efforts of business resources on manual reporting efforts
  • Improved data processing by up to 100 times

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