SAP unveils cloud finance app RealSpend

SAP has introdued SAP RealSpend, a mobile app that provides visibility and access to budget and spending information. Based on the SAP HANA Cloud Platform, the app uses cloud technology to pull data from core financial reporting systems, allowing line managers to perform ad hoc spend analysis and other “on-the-fly” calculations enabling live business processing. Developed at SAP Labs Berlin/Potsdam, Germany, using design thinking principles and input from finance professionals and other SAP end users and managers, SAP RealSpend treats line managers as members of the extended finance function, allowing them to monitor and actively manage budgets and actual spend with a powerful, easy-to-use tool. “SAP is known for providing leading-edge tools for the CFO and corporate finance function to manage spending and budget as effectively as possible,” said Thack Brown, general manager and global head of LoB Finance, SAP. “This app uses the cloud to innovate on top of our finance core and provides line managers and others with budget accountability the tools they need to make sound spending management a real-time activity across the entire enterprise.” SAP RealSpend app connects to the SAP S/4HANA Finance solution in real time without having to replicate data. SAP RealSpend also works with other data from SAP and third-party sources. The app is also tablet-enabled and can be implemented in various modes including a test-drive and end-user configuration.