Financial Consolidation Pro Now Available on SAP App Center

News
September 2, 2020

San Francisco, California — September 02, 2020

Red Apricot Inc. today announced that it’s JustPerform® Financial Consolidation Pro is available for trial and online purchase on SAP® App Center, the digital marketplace for SAP partner offerings. The solution integrates with SAP Business Planning and Consolidation (SAP BPC) and SAP HANA® to deliver streamlined and dynamic financial consolidation processes to customers.

Financial consolidation can be one of the most complex and cumbersome activities for any large organization. It requires the parent company to prepare consolidated financial reports such as income statements, balance sheets, chart of accounts and meet various other statutory reporting requirements.

JustPerform® Financial Consolidation Pro simplifies this tedious financial consolidation activity by helping organizations define an effective financial consolidation process. This solution from Red Apricot Inc. fast tracks the entire design and deployment of an organization’s financial consolidation process for SAP BPC and SAP HANA solutions.

JustPerform® Financial Consolidation Pro helps a finance department to achieve the following:

  • Faster time to deployment into SAP BPC and SAP HANA with auto-generation of the unique required code
  • Simplified financial close process definition with ready-to-use business reference models based on global financial reporting standards
  • User-friendly process modelling with digital and intelligent process modelling capabilities
  • Streamlined and user-driven financial consolidation process which accurately meets reporting purposes, business and statutory requirements
  • Highly scalable process with real-time iterative improvements and clear audit trails

At SAP App Center, businesses can discover approximately 1,600 innovative partner solutions that integrate with and extend SAP solutions. There, customers can find the SAP-validated partner apps they need to grow their business. And for each purchase made on SAP App Center, SAP will plant a tree. Find, try, and buy SAP partner solutions digitally at www.sapappcenter.com.

Red Apricot Inc is a partner in the SAP PartnerEdge® program. As such, it is empowered to build, market and sell software applications on top of market-leading technology platforms from SAP. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.

About Red Apricot

Red Apricot is a rapidly-growing company in the Financial Planning & Analysis (FP&A) space. We have been transforming SAP Enterprise Planning and Analysis solution adoptions for large global enterprises since our inception. Using the power of our purpose-built solution JustPerform, the company leads organizations away from an ineffective application configuration to collaborative process design. JustPerform enables visual process modelling and automated process deployment using advanced Artificial Intelligence & Machine Learning algorithms.

Red Apricot is one of the very few SAP Recognized Expertise partners in the Enterprise Planning and Analysis space across the globe. The company is also recognized as one of the most innovative EPM solution providers by APAC CIO Outlook and is an SAP gold partner.

Red Apricot currently works with large global enterprises across Asia and North America, with the company’s headquarters in Singapore.
 

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC), including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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