SAP announced the newest version of its SAP BusinessObjects Global Trade Services Application, integrated along with the SAP BusinessObjects Risk Management application, designed to automate regulatory compliance across the supply chain. This is the latest in new products that SAP has rolled out in 2009 and comes weeks after Oracle announced its own SAAS application for streamlining supply-chain management.
SAP announced on March 18 the rollout of a new
version of the SAP BusinessObjects Global Trade Services
application, part of the SAP
BusinessObjects governance, risk and compliance solutions suite.
The announcement
follows
Oracle's
March 9 release of
Oracle
Sourcing On Demand, a software-as-a-service solution intended to make
strategic sourcing, the process by which companies procure materials for their
operations, more efficient and cost-effective.
With the global
economic downturn, the enterprise has been looking for solutions to streamline
its supply-chain logistics.
Integrated along
with the SAP BusinessObjects Risk Management application,
the Global Trade Services application automates regulatory compliance across
the supply chain.
"Since we formed the GRC
business unit in April 2006, the SAP
strategy has been that companies need to look at governance, risk and
compliance initiatives in a holistic way," Narina Sippy, senior vice president
and general manager of SAP BusinessObjects GRC
solutions, said in an interview. "Within that context, we've been delivering on
a set of solutions that tackle 'multiproblems' - multiple regulations and
requirements by industries, regions and governments."
SAP BusinessObjects
solutions are designed to provide continual status information on various
aspects of supply-chain logistics, including customer service and compliance
with international trade regulations. The enterprise executive receiving the
data can adjust their action plans and strategy in order to mitigate risk and
increase efficiencies.
Combining SAP's
Global Trade Services and Risk Management solutions ensures that suppliers are
AEO (Authorized Economic Operator) certified, meaning their transactions comply
with international trade standards for safety and transparency; should they be
in violation, SAP BusinessObjects Risk
Management notifies the customer.
In turn, this potentially
negates any disruptions to the supply chain.
SAP has made a number of
new-product rollouts in 2009, many of them grouped around its
release
of SAP Business Suite 7, due for general adoption this summer.
On March 11,
SAP
announced a partnership with Sybase and a resulting mobile solution that
would allow the SAP Business Suite to run on
Apple iPhone, Microsoft Windows Mobile, and other mobile devices.
"Compliance is one kind of risk, if you look at what drives
your company performance," said Sippy. "We've been looking at how you can
mitigate that risk."
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