To further grow its line of Software-as-a-Service (SaaS (News - Alert)) applications, SAP has officially rolled out SAP Financials OnDemand. This cloud-based service complements its on-premises financials portfolio, and competes with other cloud vendors like Workday.
According to SearchSAP, the news was delivered this week in conjunction with the SAP (News - Alert) TechEd and Sapphire Now conferences in Madrid, Spain. SAP’s senior vice president for on-demand strategy Rainer Zinow stated that it was a logical next step for SAP.
Zinow added, “What we are seeing is the cloud market is developing fast. We have seen the customer relationship management (CRM) wave, the human capital management (HCM) wave, and it doesn’t take a lot of science to predict that one of the next waves will be financial.”
SAP said that the new application software, which is based on the financial module in the company’s on-demand ERP application Business ByDesign, ideally fits companies that may be running SAP Financials on-premises but have subsidiaries that may be operating off of legacy financial software. Having the subsidiaries deploy SAP Financials OnDemand means all sides can operate on the same financial platform, said the supplier... Read More