SimpleFi and NTT DATA Business Solutions Announce Partnership Designed to Drive Analytics Capabilities
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Key Takeaways
⇨ NTT Data Business Solutions and SimpleFi Solutions have formed a strategic partnership to enhance enterprise performance management by integrating financial planning, reporting, and analytics capabilities within SAP environments.
⇨ The collaboration aims to empower CFOs and finance teams with a unified framework that connects operational processes to financial insights, thus improving decision-making and organizational agility.
⇨ Through the adoption of SimpleFi’s PlaniFi Application Suite, NTT Data Business Solutions plans to enhance its internal operations, leading to improved visibility and agility in financial reporting and other planning functions.
NTT Data Business Solutions, a global leader in digital business and IT services, has formed a strategic partnership with SimpleFi Solutions, a prominent provider of enterprise performance management services.
This collaboration aims to bolster how companies use data for strategic, real-time decision-making by enhancing the integration of financial planning, reporting, and performance management. The partnership leverages SimpleFi’s PlaniFi Application Suite and expertise in analytics to strengthen NTT DATA’s SAP Analytics Cloud capabilities, offering clients a comprehensive, end-to-end solution for managing budgets, forecasts, consolidations, and performance reporting integrated with an SAP S/4HANA system.
Better Together
Together, the two companies aim to provide CFOs and finance teams with a unified framework that bridges operational processes with financial insight. This integrated solution empowers organizations using SAP ERP systems to elevate their operational and financial agility.
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The synergy between NTT DATA Business Solutions’ ERP implementation expertise and SimpleFi’s specialization in Enterprise Performance Management, presents a unique offering in the SAP ecosystem—combining transactional and analytical technologies for a holistic performance strategy.
“At NTT DATA Business Solutions, we’re dedicated to empowering our clients through SAP’s transformative technology. With SimpleFi as our strategic partner, we can now offer a seamless solution that compliments robust ERP solutions with more powerful analytics, helping our clients not only manage but strategically grow their organizations in ways that were previously unattainable,” said Steve Niesman, Executive Vice President & President Americas Region of NTT DATA Business Solutions.
SimpleFi, founded by finance professionals including CPAs and CFOs, brings critical industry knowledge to the partnership. Their mission has always been to align financial operations with enterprise-wide goals. CEO Jon Essig highlighted that this partnership amplifies their reach, enabling more organizations to use ERP and other transactional data enriched with external data for smarter, faster decision-making.
Use Cases
As part of the collaboration, NTT DATA Business Solutions is adopting the PlaniFi EPM Applications within its own operations, starting with financial reporting and consolidation within SAP Analytics Cloud and expanding into HR planning, revenue forecasting, contract and cost planning, and capital investment. This internal implementation aims to improve visibility, agility, and value creation throughout the business.
“We’ve always believed that financial analytics is the foundation for business growth. Now, with NTT DATA Business Solutions’ extensive reach in the SAP ecosystem, we can help more organizations harness the true power of their ERP data to drive smarter, real-time decision-making across every function,” said Jon Essig, CEO of SimpleFi Solutions.
What This Means for SAPinsiders
Data-driven insights are critical to driving success. Analytics are a game-changing capability that allow businesses to work smarter and more efficiently. Companies are beginning to understand that having analytics are no longer just “nice to have” but integral to their success. Organizations must find solutions that allow them to analyze their data and drive innovation. Why go elsewhere if you can have a super modern version of Enterprise Performance Management via the PlaniFi Platform within SAP Analytics Cloud. Like a “successor” of BPC on steroids.
Rely on the power of partnership. Organizations are always going to be focused on their own ambitions and challenges, so they may not have time to handle all of their insights and analytics capabilities in house. Businesses should seek out the SAP Ecosystem that can fill the gaps that they have providing guidance to CFOs and other business stakeholders.
Bolster the power of SAP investments. Companies invest significant time and resources into their SAP landscapes. Extending capabilities with partners like NTT Data Business Solutions and SimpleFi Solutions can help them to bolster their innovation and meet business goals. One by one – go-live by go-live.
