Aasonn Transforms Global Financial Management Operations With Rapid Implementation of Cloud Solutions from SAP

NAPERVILLE, Ill., July 8, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced that Aasonn, a leader in cloud-based business implementation and cloud business applications, is the first company to implement and run its global financial and travel management operations on the SAP® Cloud for Financials solution and integrate it with the SAP® Cloud for Travel solution. This enterprise-wide implementation was completed in eight weeks, providing immediate impact to Aasonn's business.

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"Aasonn is extremely proud to be the first company in the world to implement SAP Cloud for Financials," said Allen Peterson, CEO, Aasonn. "As an experienced SAP implementation partner, this opportunity gave us additional insight into SAP cloud processes from the customer perspective. In addition to providing us with formidable financial and travel management solutions, our 'first implementer role' gives us a powerful advantage in supporting companies seeking an SAP cloud implementer that has hands-on experience and a real-world track record of using the product."

With consultants on five continents serving clients in more than 30 countries, Aasonn has worked with more than 1,500 customers in the U.S., Europe and Asia on cloud solution implementations from SAP and SuccessFactors, an SAP company. To effectively manage its global financial and travel operations, Aasonn required a flexible cloud-based solution that could be seamlessly integrated into the existing processes, platforms and mobile architectures that it relies on daily.

After implementing SAP Cloud for Financials and SAP Cloud for Travel, Aasonn financial managers saw improvement forecasting cash flow, calculating working capital requirements, analyzing workforce efficiency and productivity, tracking accurate cost of services delivered, and maintaining currency of accounts receivable and payable. The solutions met Aasonn's extensive system criteria and data management goals, including the ability to provide:

• Support for multiple lines of business
• Support for multiple currency management
• Elimination of manual data loads
• Management of projects across operating entities
• Integration of global expense and travel systems
• Project and financial dashboards
• Support for global financial operations
• Integration with Saleforce.com
• Integration with global human resource systems
• Real-time financial data visibility across operating entities
• Faster turn-around of monthly, quarterly and annual reports

"SAP delivers beautiful cloud applications that help our customers manage their businesses, engage with their customers and drive business results," said Jeff Lautenbach, president, Customer and Money, Cloud Division, SAP. "We are thrilled at the success of Aasonn's implementation of SAP Cloud for Financials and SAP Cloud for Travel. As a business focused on helping other companies move and manage operations in the cloud, Aasonn's deep cloud acumen and extensive cloud systems integration experience made for a smooth process that will drive future success for their business."

SAP Cloud for Financials provides enterprise-class financial departments with real-time business insight. This  helps financial managers to quickly adapt to evolving business climates, improve financial controls, configure and roll out end-to-end financial processes and transform complex financial data into actionable intelligence for more strategic decision-making across all lines of business. SAP Cloud for Travel helps companies control travel costs, facilitate corporate compliance and increase the efficiency of processing travel requests and reimbursements, all while helping reduce administrative burdens so employees can give their full attention to meeting the business goals of their trips.

"SAP has moved to being an integrative, cloud-driven business software provider, with a broadening portfolio that includes business analytics, information management and mobility infrastructure," said Bruce Guptill, senior vice president, Saugatuck Technology. "The combination of such powerful, cloud-based business solutions, like SAP Cloud for Financials and SAP Cloud for Travel, with the ability to rapidly implement and realize immediate operational benefits from them, is key to building value with current enterprise customers and attracting new customers."

For more information, visit the SAP Newsroom.

About Aasonn
Aasonn is a global systems and technology consulting firm delivering cloud-based HCM software solutions across multiple SuccessFactors products and ERP solutions using SAP Cloud for Financials and SAP Cloud for Travel. Aasonn is recognized by SuccessFactors as its most experienced implementation partner in the world and has served over 1,500 customers globally implementing cloud-based solutions that align organizations' processes and people with their business strategies. For more information, visit www.aasonn.com.

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 238,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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.

© 2013 SAP AG. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.

All other product and service names mentioned are the trademarks of their respective companies.

Follow SAP on Twitter at @sapnews.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Daniella Klopocki, SAP, (650) 762-4410, [email protected], PDT
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; [email protected]
Jennifer Bateh, Aasonn, (408) 369-7200 x 2986, [email protected], PDT

SOURCE SAP AG

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