SB Informer
Monday, July 10, 2006; 02:18 AM
Increasing its breadth of integrated applications designed specifically to help small and midsize enterprises (SMEs) generate revenue, increase sales and boost efficiency, SAP AG (NYSE: SAP) today announced that it will introduce new e-commerce and Web-based capabilities to SAP® Business One. The new capabilities enable companies to set up online stores easily and to deploy customer relationship management (CRM) software quickly and simply via the Internet, extending the reach and accessibility of SAP Business One to a new set of users. Addressing increasing demand among SMEs to make e-commerce and CRM core parts of their businesses, the new features will further the SAP solution’s unique ability to provide a unified view of business-critical information across sales, financials, manufacturing, reporting and customer-facing activities in a single, easy-to-use software solution.
SAP is incorporating the new e-commerce and CRM capabilities through the recently completed acquisition of Praxis Software Solutions, a privately held software company and long-term SAP Business One partner based in Minneapolis, Minnesota. Through the acquisition, SAP will integrate the acquired technology and Praxis employees into its SAP Business One operations. Terms of the deal were not disclosed. The transaction continues SAP’s strategy of targeted, fill-in acquisitions that add superior functionality to its broad solution portfolio while continuing to grow its business organically.
‘Core Pieces’ for Efficient SMEs
E-commerce and Web-based CRM are among the largest growth areas in
business software for SMEs worldwide. As SMEs have expanded their sales
channels with e-commerce, the associated data has remained siloed in
e-commerce systems. This prevents business owners from gaining a true
picture of the state of their business, creates additional costs in
manual processing and increases risk of errors. According to recent
research by Yankee Group, SMEs rank integration of the company Web site
with other business applications such as accounting and inventory among
the most pressing technology challenges they face.
“Integrated front office and back office are the core pieces that are required to run an SME efficiently,” said Sanjeev Aggarwal, senior analyst, Yankee Group. “Integrated e-commerce plays a key role in increasing the productivity and overall efficiency of the workforce for SMEs.”
Praxis has more than 100 customers using its software, and has been an “SAP Business One Partner of the Year” and Pinnacle award winner two years in a row. It offers e-commerce and Web-based CRM through:
“The Praxis e-commerce application is intuitive, easy to use and get up and running, and, together with SAP Business One, allows us to sell and manage 200,000 parts online,” said Jose Barrios, CIO, Vetco International Inc., an Orlando, Florida-based supplier of cost-effective products, systems and services to the oil and gas markets. “NetPoint and SAP Business One enable us to trade internationally via the Web, providing us with up-to-date, accurate information about inventory and helping us manage multi-currency, multi-language requirements with ease and efficiency. Because we no longer have to enter data multiple times into our different systems, our error rate on orders has dropped significantly.”
While both products are currently available as seamless solution extensions wherever SAP Business One is sold, they will be integrated into the solution’s core development and offered with the solution going forward. SAP will continue to invest in the products, both in functionality and in support of SAP’s hybrid delivery approach, which provides options for on- and off-premise, stand-alone and integrated application deployment to meet customers’ varying business strategies and resource requirements.
“The new e-commerce and CRM capabilities will enable SAP Business One to outdistance other offerings by providing even greater visibility and integration across the entire business,” said Gadi Shamia, senior vice president, Solution Management, Small Business Solutions, SAP. “We are committed to providing our customers with applications they value most by enabling them to increase revenue with an integrated set of tools to boost both traditional and e-commerce sales.”
More detailed information on SAP Business One can be found at http://www.sap.com/sme/businessone.
About SAP Business One
Delivered through SAP’s global network of authorized channel partners,
SAP Business One gives small and midsize companies the unprecedented
opportunity to manage critical business operations with a single
software solution. An affordable business management solution designed
for SMEs typically with 10 to 100 employees, SAP Business One is
available in more than 40 country versions, used by more than 10,000
customers and delivered by a network of 1,200 partners who specialize
in selling, implementing and maintaining the solution. A highly
flexible platform that meets core business management needs, SAP
Business One also addresses highly specified demands of various
industries through a growing portfolio of more than 250 seamlessly
integrated solution extensions developed by a worldwide network of ISV
partners.
About SAP
SAP is the world’s leading provider of business software*. Today, more
than 33,200 customers in more than 120 countries run SAP®
applications—from distinct solutions addressing the needs of small and
midsize enterprises to suite offerings for global organizations.
Powered by the SAP NetWeaver® platform to drive innovation and enable
business change, SAP software helps enterprises of all sizes around the
world improve customer relationships, enhance partner collaboration and
create efficiencies across their supply chains and business operations.
SAP solution portfolios support the unique business processes of more
than 25 industries, including high tech, retail, financial services,
healthcare and the public sector. With subsidiaries in more than 50
countries, the company is listed on several exchanges, including the
Frankfurt stock exchange and NYSE under the symbol “SAP.” (Additional
information at <http://www.sap.com/>)
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” 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 ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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