PowerPlan to Build Adapter for SAP S/4HANA® to Address Customer Needs Today and Into the Future
(Thomson Reuters ONE) -
The integrated adapter helps companies accelerate month-end close by leveraging
key financial and compliance data from SAP S/4HANA and PowerPlan solutions
ATLANTA, June 15, 2017 (GLOBE NEWSWIRE) -- PowerPlan, a leading provider of
strategic corporate performance management for asset-intensive companies, today
announced that it has signed an OEM agreement with SAP (NYSE:SAP). Through this
agreement, PowerPlan will integrate and offer the PowerPlan Adapter for SAP
S/4HANA®, a powerful, real-time integration solution based on the SAP HANA®
platform.
PowerPlan will collaborate with SAP on the new adapter, which will connect
PowerPlan's core solutions with SAP S/4HANA Finance, helping accelerate month-
end close and concurrently lower the burden of system administration. The
PowerPlan Adapter for SAP S/4HANA integrates with PowerPlan's solutions, whether
on-premise or in the cloud, and provides a unified end-user experience.
SAP S/4HANA Finance is designed for in-memory computing, allowing companies to
"Run Live" by gaining instant access to detailed, real-time information.
Available in the cloud or on-premise, SAP S/4HANA is the digital core that
enables businesses to take advantage of the Internet of Things (IoT), Big Data,
real-time analytics, mobile technology and business networks. PowerPlan
complements SAP S/4HANA Finance with granular, data-driven insights that help
empower corporate performance decision-makers to make sound, auditable financial
decisions that comply with ever-changing regulations in the utility, energy and
transportation industries.
"Today, asset-intensive organizations need to be more efficient and adaptable
than ever to maintain compliance and maximize financial efficiency," said
Charles Goodman, CEO, PowerPlan. "With PowerPlan's strategic corporate
performance management platform, integrated with SAP S/4HANA, asset-intensive
organizations can simplify the integration process between their systems and
their asset data."
The new PowerPlan Adapter for SAP S/4HANA is intended to serve as a foundational
element in customers' infrastructure, helping to accelerate cloud adoption.
"Many utilities are embracing the cloud today, and even more are planning to
move toward a cloud-based approach to managing enterprise systems. Working
together, SAP and PowerPlan will collaborate to enable PowerPlan to design and
deliver a tightly integrated IT environment powered by SAP S/4HANA Finance and
SAP HANA, helping customers to roadmap across enterprise solutions confidently,"
said Henry Bailey, Global Vice President, Utilities Industry Business Unit for
SAP.
The PowerPlan Adapter for SAP S/4HANA will be generally available in July 2017.
Learn more
at https://www.powerplan.com and https://www.sap.com/product/enterprise-
management/s4hana-erp.html.
About PowerPlan
PowerPlan software provides financial insight into how complex rules and
regulations impact your organization - empowering you to make credible decisions
that improve overall corporate performance. The integrated solution provides
complete visibility starting with forecasting and monitoring to scenario
planning and analytics while maintaining financial compliance. For more
information, email info(at)powerplan.com or visit www.powerplan.com.
SAP Forward-looking Statement
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.
SAP, SAP S/4HANA, SAP HANA and other SAP products and services mentioned herein
as well as their respective logos are trademarks or registered trademarks of SAP
SE (or an SAP affiliate company) in Germany and other countries.
See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional
trademark information and notices. All other product and service names mentioned
are the trademarks of their respective companies.
For more information, contact:
Joy Schmidt
678-202-1694
pr(at)powerplan.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: PowerPlan Inc. via GlobeNewswire
Datum: 15.06.2017 - 16:00 Uhr
Sprache: Deutsch
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