SAP Speeds Finance Tools to Bolster Hana’s Appeal Against Oracle
June 4, 2014
Grazed from BusinessWeek. Author: Aaron Ricadela.
SAP AG (SAP), the largest maker of business-management software, is speeding up its software to attract more customers to its Hana database, which competes against Oracle Corp. products. SAP introduced what it calls “simplified” financial applications to help businesses view cash positions, make forecasts and plan for events such as bad weather or closed shipping routes using the most current data.
SAP will initially target its Simple Finance software and Fiori user interface at large companies that want to use Hana to process more information in real time rather than overnight batches. “We want everyone to run a simple, gorgeous user experience for SAP,” Chief Executive Officer Bill McDermott said today at the company’s Sapphire customer conference in Orlando, Florida…
“We’ve moved from responding to the past to predicting the future.” He become sole CEO at the German company last month. SAP supplies software running more than 250,000 businesses’ manufacturing, financial management and procurement systems, and is fending off competition from cloud-computing companies Salesforce.com Inc. and Workday Inc., while fueling a historic rivalry with Oracle in human-resources tools and other areas. McDermott has been acquiring online software assets, shuffling management and cutting jobs…
Read more from the source @ http://www.businessweek.com/news/2014-06-03/sap-speeds-finance-tools-to-bolster-hana-s-appeal-against-oracle