SAP Analytics Cloud named a “Leader” by Gartner

SAP Analytics in the Gartner Magic Quadrant for Financial Planning 2023

SAP Analytics Cloud (SAC) is the fastest rising product in the “Gartner Magic Quadrant for Financial Planning Software” achieving Leader status at the end of 2023. What will this mean in practice for Comset customers?

SAP has accelerated the pace of development of their SAC (SAP Analytics Cloud) product, progressively developing its capabilities in FP&A (Financial Planning & Analytics).  These major developments have led to SAP being named a “Leader” by Gartner in December 2023.   This status has been achieved in the Quadrant: “Gartner Magic Quadrant for Financial Planning Software”, which recognises the excellence of SAP Financial Planning & Analytics in this area.

“Must Have” requirements for Financial Planning & Analytics

Gartner’s ‘must-have’ requirements for Financial Planning software, that are all now a part of SAC, include:

  • End-to-end management of enterprise financial planning, budget and forecasting processes
  • Administration functionality necessary to support planning activities
  • Configurable user-friendly reporting and dashboarding
  • Built-in audit trails and versioning

Here’s a high-end look at the torrent of improvements delivered by SAP in 2023, which have helped SAC make this significant stride forward:

  • Administration and Service Management, including contextual help experience and self-directed learning
  • Business content packages for sustainability, finance, sales and the public sector
  • Improvements in Data Integration such as new Import connections, Improvement of Master Data Acquisition from SAP BW, Performance Improvements for Data Acquisition from SAP HANA, ODATA improvements
  • A focus on improvements in Enterprise Planning space and Story Design
  • Enhanced Microsoft Office Integration
  • Data Centre Availability in Asia and Europe for the Google Cloud Platform

SAP have also made strides forward in harnessing Generative AI to enhance the Analytics process – with their “Joule” AI Copilot being launched into SAC in September 2023, there’s now a natural language AI companion to assist users with their daily operations.

There’s more detail on the SAP website on what has been achieved in SAP Analytics, and what is left in the roadmap to be delivered in 2024:  In particular SAP’s new “Just Ask” feature, which allows business users to “Just Ask” their questions of Analytics, gaining answers without requiring assistance of Analysts or IT.

Gartner Magic Quadrant for Financial Planning Software – 2023

SAP Analytics in the Gartner Magic Quadrant for Financial Planning 2023

How will this affect SAP Analytics Cloud customers?

The take-away of all this is that SAP’s commitment to SAP Analytics is obviously stronger than ever.  SAP’s product enhancements have put it at the top table of global Analytics and Planning solutions, and there’s still nothing comparable when integrated with your SAP ERP data.  

With all its new features SAC is now able to meet all your needs in the Business Analytics and Planning space, and the pace of improvements, while fast, will only be accelerating.

How can you benefit from the improvements in SAP Analytics?

Comset, as ever, have the expertise of working with SAC and apply it successfully in real-world applications.

Existing SAC customers will only find the product more powerful and usable, and those considering it in their business will find this a progressively easier choice to make.

A SAP video Detailing some of the developments:

If you’d like to drill down into some of the latest features in SAC, please check these highlights in the SAC Q4 2023 Release Highlights Video:

Insights on new Features and Upgrades:

Ask Comset

If you’d like to understand more about how to benefit from the advancements in SAP Analytics and Financial Planning, please reach out to our team who will be happy to help….