SAP Positioned in Leaders Quadrant of Magic Quadrant for Corporate Performance Management Suites
SAP NEWSBYTE - March 10, 2011 -SAP AG(NYSE: SAP) today announced it has been positioned byGartner Inc.in the leaders quadrant of the “Magic Quadrant for Corporate Performance Management (CPM) Suites” report1. SAP is recognized as a market leader for both its “ability to execute” and its “completeness of vision.”
According to Gartner, “Leaders' performances excel in the CPM suite market segment. They can deliver breadth and depth of CPM suite functionality, as well as provide enterprisewide implementations to support a broad CPM strategy. Leaders successfully articulate a business proposition that resonates with buyers, and are supported by the viability and operational capability to deliver on a global basis.*1
Per the Gartner report, “CPM suites can bring greater rigor, accuracy and transparency to many financial management processes, such as budgeting, planning and forecasting (BP&F), financials and regulatory reporting (and associated compliance challenges), and they can deliver a better understanding of the drivers of corporate profitability.*1
As business becomes increasingly global and competitive, organizations are faced with the task of accomplishing more with fewer resources. To excel in this challenging environment,
target="_top">SAP® BusinessObjects™ enterprise performance management (EPM) solutions
“We believe our position in the leaders quadrant of the Gartner Magic Quadrant for CPM Suites further recognizes the combined capabilities of our business analytics portfolio, our vision, execution against our roadmap and the success of our customers,” said Stephanie Buscemi, group vice president, Solution Marketing, SAP. “By providing solutions that are tightly integrated across BI, EIM, EPM and GRC, we can help our customers run smarter and enable them to know their organizations better, decide with confidence and take actions that drive business forward.”
For more information, visit theBusiness Analytics newsroom. Follow SAP BusinessObjects on Twitter at @businessobjects, and SAP news at @sapnews.
Media Contact:
Scott Behles, SAP, +1 (917) 494-2009, scott.behles@sap.com, EST
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EST; press@sap.com
Jeff Shadid, Burson-Marsteller, +1 (214) 224-8419, jeff.shadid@bm.com, CST
1. Gartner “Magic Quadrant for Corporate Performance Management (CPM) Suites” by Neil Chandler and John E. Van Decker, March 8, 2011
About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About SAP
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 109,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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