Software behemoth SAP released a statement this week announcing that many customers are moving from other competitor applications, specifically Oracle solutions, to its enterprise performance management (EPM) and governance, risk and compliance (GRC) solutions... |
Software behemoth SAP released a statement this week announcing that many customers are moving from other competitor applications, specifically Oracle solutions, to its enterprise performance management (EPM) and governance, risk and compliance (GRC) solutions.
SAP reported that over the past several months more than 100 customers worldwide purchased SAP solutions for EPM with the intention to replace Hyperion solutions from Oracle.
The German headquartered organisation cited this recent trend to its ability to offer customers a comprehensive set of EPM and GRC solutions that empower organizations to address critical issues facing today’s office of the CFO unlike competitor solutions that provide only partial insight and require ongoing customer investments in integration.
In addition, it said customers are turning to SAP because the company offers EPM solutions that are unified with SAP solutions for GRC. These applications help customers to build stakeholder confidence through improved executive oversight, risk detection and monitoring, and more effective controls over key business processes.
“Existing solutions for performance management were built with the finance department of the 1990s in mind – with a patchwork of products, on old architectures, a rear-view approach to budgeting, and no links to the actual business processes,” said Keith Budge, Senior Vice President and General Manager, Asia Pacific and Japan, Business Objects, an SAP company.
“With continued investment and innovation in SAP solutions for enterprise performance management, we can offer modern CFOs a more compelling value proposition, especially when customers pair EPM solutions with our GRC offerings. We have seen a strong, positive response by customers, as demonstrated by the strong success SAP had during the second half of 2007. Customers value a more complete EPM and GRC solution offering, and, most importantly, a trusted solution provider. These are the attributes that account for SAP’s strong momentum in this market.”
SAP has invested in and expanded its EPM product portfolio, by adding new capabilities resulting from the acquisition of OutlookSoft. Furthermore, the acquisition of Business Objects by SAP means customers will further benefit from the leading business intelligence platform and EPM solutions – which ensure all EPM activities are based on a single, accurate version of the truth – from a single vendor. |
