The Approach to Rapid Restatement
We leverage high performance database technology, SAP HANA, to combat the compressed timeframe for a restatement. The key enabler for this rapid preparation of Government Pricing Restatement is the development of a common data repository on SAP HANA for all relevant data to create synergies including:
- Common development and maintenance capabilities
- Common querying and output tools.
- Common user administration and security
- Platform for standard cross reference definitions
Subsequent to development of common data repository, our solution expands on building reconciliation, cross-references, recalculation engine , system retirements, and scalability features for compressing time in future developments. Our solution with SAP HANA database, has enabled a government pricing restatement that would generally take 1-1.5 years to be accomplished in only five months, resulting in faster response to management and third party vendors related to the restatement. Finally, the rapid government pricing restatement solution also enables additional costs savings due to system retirements.