SAP unveils cloud app for CFOs, finance industry professionals

In the spirit of the consumerization of IT, one might think of SAP Cloud for Planning as a spin on Intuit-owned Mint for the enterprise.

SAP has a new cloud-based app in the portfolio specifically geared toward chief financial officers, financial industry professionals, U.S. Treasury Department employees, and virtually anyone else tasked with financial planning at work.

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SAP Cloud for Planning sports social media-like collaboration tools and advanced analytics capabilities.

The idea is to facilitate a flow of analyzing, planning, collaborating and consuming information -- all powered in real-time from SAP's cornerstone HANA in-memory database.

In the spirit of the consumerization of IT, one might think of SAP Cloud for Planning as a spin on Intuit-owned Mint for the enterprise.

"Our mission was simple -- build a modern financial planning app in the cloud with the look and feel of a consumer app and bring collaboration and analytics where they belong - within the context of the planning process," explained Steve Lucas, president of SAP Platform Solutions, in prepared remarks.

Customers have a three options for deployment: proof-of-concept, an initial test implementation, and a fully-fledged business process integration.

SAP also offer full life cycle options, but those entail more complex deployment and integration requirements based on customer demands and subscriptions.