Efficiency, speed, and transparency — SAP PaPM and its positive effects on profitability and operational performance.
In our second-to-last post, we discussed the chicken/egg relationship between Big Data and technology, explaining why SAP and NEXONTIS developed SAP PaPM. In our most recent post, we covered the how and why of our implementation process, along with some history about the platform and our development efforts. In this post, we’ll discuss three ways SAP PaPM can add value with efficiency, speed, and transparency to help companies become more strategic in their decision-making.
Efficiency is Different for Everyone
Efficiency can be defined as accomplishing more with less, but what that looks like for individual companies depends on their goals, their values, and what they are trying to achieve. But it is safe to say that if you could take data you already have and use it to better understand and analyze your business — down to the most minute levels of detail — that could provide great value. SAP PaPM delivers the ability to:
- Create focused profitability and performance strategies with complete transparency and traceability.
- Provide immediate access to actionable insights and define on-demand simulations and what-if analyses.
- Integrate existing data without replication or redundancy
- Improve processes by integrating performance analytics at your lowest data level (customer, product, geographic area, sales channel, etc.).
Speed: Faster Is Usually Better
Snails are slow. But that’s okay. They don’t have to be fast, and they don’t have to access or process data. You do. And access needs to be fast. The faster, the better.
One of the challenges with data has been the more you have, the harder it is to access, process, and manage. As organizations grow, data becomes siloed, making it difficult to evaluate big pictures. We built SAP PaPM to pull together massive amounts of data and powered it with SAP HANA in-memory technology. In multiple use-cases, SAP PaPM drastically reduced production times. Here are just a few examples:
- Reduced cost-allocation processing from 20 hours to 10 minutes.
- Processed complex multi-year simulations on millions of customers in less than five 5 minutes.
- Modeled profitability for 10 million cost records in 40 seconds vs. 50 minutes.
- Reduced allocation processes for 5 billion transactions from 44 hours to 12 minutes.
Seeing Clearly
Timeliness, traceability, and transparency are critical to managing and making sense of data. The ability to visually interact with data in real-time improves decision-making. Instead of number crunching and looking at last month's KPIs, you are working with dashboards and interactive reports to enable better evaluations, forecasting, and planning.
SAP PaPM can do all these things, plus provide the platform to streamline management reporting with real-time simulation analytics, including multiple depths and points of view, that transform your data into actionable insights. All this can allow you to see your data — and your business — in new ways.
Four out of the top 20 Fortune 500 companies see the value in SAP PaPM and are deriving valuable insights to maintain their competitive edge. Let us know how we can show you how SAP PaPM can add value to your organization.
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