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SAP BusinessObjects Planning and Consolidation Application Awarded Top Marks for Modern Budgeting

SAP NEWSBYTE - SAP AG (NYSE: SAP) today announced that the SAP BusinessObjects Planning and Consolidation application has been awarded the top mark "especially excellent" by the EBS Executive Education program of the EBS University of Business and Law in Wiesbaden, Germany. The certification confirms that SAP BusinessObjects Planning and Consolidation provides excellent support for modern budgeting processes.

The EBS Executive Education program is an expert panel that evaluates planning software to help ensure that it meets the requirements of modern budgeting. SAP BusinessObjects Planning and Consolidation was evaluated against 40 different criteria defined by the panel. Evaluation findings concluded that the application achieved excellent results in 38 criteria and, as a result, it was awarded the highest rating overall.

SAP BusinessObjects Planning and Consolidation fulfills a range of budgeting, planning, forecasting, consolidation, analysis and reporting requirements, providing a comprehensive offering for enterprise performance management (EPM). The application supports the full range of top-down and bottom-up planning operations and consolidation processes for trusted and timely financial disclosure.

"Recognition from a leading group of experts such as the EBS Executive Education program of the EBS University of Business and Law in Germany proves once again that SAP BusinessObjects Planning and Consolidation is a market-leading solution," said Frederic Laluyaux, general manager and senior vice president, Finance, Performance (EPM) and Global Risk and Compliance (GRC) Management Applications, SAP. "The application remains highly differentiated and unique in its ability to provide a single unified solution for planning and consolidation for both SAP and non-SAP customer alike."

For more information, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews.

Media Contact:
Susan Miller, SAP, +1 (610) 661-9225, susan.miller@sap.com, EST
Jeff Shadid, Burson-Marsteller, +1 (214) 224-8419, jeff.shadid@bm.com, CST

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