Printer Friendly
The Free Library
14,635,740 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

SAP Delivers Integrated Business Analytics For the mySAP Financials Solution; New Applications Suite Within mySAP.com Provides Optimal Analysis Of Entire Company Value Chain.


Business/High Tech Editors

BASEL, Switzerland--(BUSINESS WIRE)--June 25, 2001

SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America.  (NYSE NYSE

See: New York Stock Exchange
:SAP) today announced at its European mySAP(TM) Financials Conference in Basel, the availability of mySAP Financials Business Analytics, an integrated suite of analytic applications Analytic Applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, Analytic Applications are a type of Business Intelligence solution.  designed to enable businesses to increase efficiency and optimize profitability across functional borders and along the entire value chain.

Business Analytics represents the latest addition to the mySAP Financials solution, extending its Strategic Enterprise Management(R) (SEM(R)) capabilities for strategy and business performance management from the strategic to the operational level.

"Analytic applications extend the business processes supported by transactional applications and enable organizations to improve their management performance, discover new business opportunities and increase overall efficiencies by closing the gap between analysis, predictive simulations and execution," said Henry Morris, vice president of International Data Corp., who introduced the term "analytic application" and is speaking at the conference. "SAP is delivering a compelling solution by leveraging its business expertise to integrate its existing SEM capabilities and operational solutions into one integrated, comprehensive suite, enabling better decision-making from the top down."

Optimizing Management Efficiencies

As a comprehensive suite of integrated analytic applications (Financial Analytics, Customer Relationship Analytics, Supply Chain Analytics, Product Lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline.  Analytics and Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees.  Analytics), mySAP Financials Business Analytics will help managers and other decision-makers gain a complete picture on customer-, employee-, product development- and business-partner-related processes that impact the bottom line. In addition, companies will be able to simulate alternative approaches, optimize day-to-day business activities, and measure performance in a closed loop that integrates all aspects of operational management in real time for better, faster and more accurate decision-making. This loop is linked with the strategic enterprise management loop and balanced scorecard Balanced Scorecard

A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing
 capabilities provided by mySAP Financials.

The common basis for all analytical applications within mySAP Financials is provided by mySAP(TM) Business Intelligence (mySAP BI). mySAP BI delivers proven data warehousing See data warehouse.

data warehousing - data warehouse
, query building and information deployment capabilities. In addition, the new solution can be accessed through SAP Portals' Enterprise Collaboration Portal offerings, which provide users with one entry point into all enterprise applications, structured and unstructured information, Web content management, collaboration tools A collaboration tool is something that helps people collaborate. The term is often used to mean collaborative software, but collaboration tools were being used before computers existed, a piece of paper can for example can be used as collaboration tool.  and legacy systems in use in their business.

"With mySAP Financials Business Analytics, we will offer the first solution on the market to integrate analytic processes from different functional areas within e-business," said Hans-Dieter Scheuermann, senior vice president, mySAP Financials at SAP AG. "This enables businesses to track customer buying patterns and analyze customer profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period.

According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue
 and customer lifetime value from a financial perspective. Businesses can then link this information with the product perspective to finally optimize supply chain management, product development activities and HR management in a market-driven outside-in approach."

Availability

The first shipment of mySAP Financials Business Analytics focuses on Financial Analytics and integrating the existing CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization.  analytics functionality within mySAP.com(R). It also supports operational planning tasks such as sales planning, profitability planning, resource planning Resource planning may refer to:
  • Enterprise resource planning (ERP)
  • Manufacturing resource planning (MRP and MRPII)
  • Distribution Resource Planning (DRP)
  • Human resources (HR)
 and liquidity planning. Additional Business Analytics functionality will be shipped in the fourth quarter of 2001 and will include Headcount Planning and Simulation and Visual Assignments for the Modelling of Cost and Revenue Flows. Further functionality for Working Capital Management and Product Life-Cycle Planning, Plant Cost Simulation and Product Cost Simulation are planned to be available in the second quarter of 2002.

About SAP

SAP is the world's leading provider of e-business software solutions. Through the mySAP.com(R) e-business platform, people in businesses around the globe are improving relationships with customers and partners, streamlining operations, and achieving significant efficiencies throughout their supply chains. Today, more than 15,000 companies in over 120 countries run more than 36,000 installations of SAP(R) software. With subsidiaries in over 50 countries, the company is listed on several exchanges including the Frankfurt stock exchange Frankfurt Stock Exchange

The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS.
 and NYSE under the symbol "SAP." (Additional information at http://www.sap.com)

Any statements contained in this document that are not historical facts are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 as defined in the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Words such as "believe," "estimate," "intend," "may," "will," "expect," and "project" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the SAP Annual Report on Form 20-F for 2000 filed with the SEC on March 28, 2001. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright (c) 2001 SAP AG

SAP, the SAP logo, mySAP.com, mySAP and all other SAP products This presents a list of products of the enterprise software company SAP AG. Enterprise Applications
  • SAP
  • Customer Relationship Management (CRM)
 and services mentioned herein are trademarks or registered trademarks of SAP AG in Germany and several other countries. Other product or service names mentioned herein are the trademarks of their respective owners.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:4EUGE
Date:Jun 25, 2001
Words:835
Previous Article:Newstream.com Digest: Washington Mutual & Dime Bancorp Announce $5.2 Billion Merger, the Washington, D.C., AIDSRide.
Next Article:Check Point Software Draws Record Attendance At Pacific Rim User & Technical Conferences.
Topics:



Related Articles
SAP Extends e-Business Lead With mySAP.com May 2000; Broad Functionality Now Available Across mySAP.com.
Braun Consulting Certified as a mySAP.com Partner.
Preconfigured Analytical Applications Dramatically Increase Benefits for mySAP Business Intelligence Customers.
SAP Extends mySAP Financials Solution to Support Financial and Value-Based Management in the New Economy.
ea consulting, ASP Certified for SAP; ea consulting inc. Receives Certification as a mySAP.com Hosting Partner.
P. H. Glatfelter Selects SAP To Drive Strategic Business Transformation.
SAP Delivers on Customer Relationship Management Vision; New Release of mySAP CRM Expands Collaboration and Analytical Capabilities.
ClickSoftware Announces Initiative to Integrate ClickSchedule With mySAP CRM.
SAP Ships Newest Version of mySAP Customer Relationship Management To Customers Worldwide on Time as Promised.
MYSAP BUSINESS SUITE AVAILABLE ON LINUX.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles