SAP raises the bar in performance management market with new cloud solution
ORLANDO, Fla., Sept. 10, 2012 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced the general availability of the SAP® Enterprise Performance Management OnDemand (SAP EPM OnDemand) solution. With mobile-ready applications powered by the SAP HANA® application cloud, the solution enables business users to gain real-time insight into what is happening and adapt on-the-fly. The announcement was made at the ASUG SAP BusinessObjects User Conference, being held Sept. 10-13 in Orlando, Fla., during the keynote by Sanjay Poonen, president of Global Solutions and head of Mobility Division, SAP.
The first options for SAP EPM OnDemand deliver:
Expense insight: Department managers can understand the details of anything charged to their cost centers, and can dispute and resolve miscoded, incorrect or duplicate expenses.
Real-time profit and loss (P&L) analysis: P&L reporting can be delivered at any level of detail by allocating costs based on consumption of resources.
Capital project planning: Both non-financial decision-makers and financial experts can establish the complete picture of the financial consequences of capital investment projects, and optimize the use of capital.
Future targeted options are planned to be delivered on a frequent basis. SAP EPM OnDemand is designed to complement existing SAP solutions for enterprise performance management (EPM) such as the SAP® Business Planning and Consolidation application. The user interface (UI) offers a revolutionary experience that is designed to reach a new set of users in the organization. Right out of the box, anyone can begin using the UI on mobile devices such as the iPad. In addition, the EPM add-in for Microsoft Office can be used with SAP EPM OnDemand as well as the 10.0 version of SAP solutions for EPM. This combination extends analysis capabilities and creates a seamless experience for all users across cloud-based and existing on-premise applications.
"I talk regularly with people in both IT and finance, and while they have big initiatives in place they are also often focused on solving more discrete business problems. On-demand applications can be a great way to do this quickly and cost-effectively," said Joshua Greenbaum, principal, Enterprise Applications Consulting. "The new SAP EPM OnDemand solution is an example of how to meet these requirements. In addition, having the same user experience whether on mobile devices or in the on-premise version goes a long way toward guaranteeing high usage rates and lowering training deployment costs."
With SAP EPM OnDemand organizations can lower costs by reducing the time it takes to deploy and maintain new applications that integrate with existing systems. They can also address key business challenges such as enabling non-technical employees to manage processes, empowering employees to make more-informed, faster decisions and providing more detailed visibility into operations and performance. Combining existing systems with cloud-based applications enables organizations to further reduce upfront costs by taking advantage of pay-as-you-go software delivered as a service.
"SAP EPM OnDemand is the latest example of our leadership and how we are rapidly delivering innovation in the EPM space," said John Schweitzer, senior vice president and general manager, Analytics, SAP. "SAP is uniquely positioned in the market to build user-friendly on-demand solutions from the ground up. Built on the SAP HANA application cloud, SAP EPM OnDemand offers our customers another deployment option for extreme performance applications powered by SAP HANA. It's also complementary to — and extends the value of — the 10.0 version of SAP solutions for EPM with focused applications that are designed to be up and running quickly and help a broad set of users overcome particular business challenges."
SAP is recognized as a leader in the EPM market by industry analyst organizations such as Gartner Inc., IDC and Ventana Research. For more information, visit the SAP Newsroom.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 195,000 customers (includes customers from the acquisition of SuccessFactors) to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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SOURCE SAP AG
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