This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Newsbyte: Government Of Andhra Pradesh Improves Service To Citizens And Focus On Sustainable Funding With SAP® Solutions For Treasury And Risk Management

WALLDORF, Germany, June 17, 2013 /PRNewswire/ -- SAP NEWSBYTE -- SAP AG (NYSE: SAP) today announced that the Government of Andhra Pradesh (GoAP) has chosen SAP® solutions to develop a comprehensive system that will help enhance the state's efficiency in financial transactions, transparency in operations, as well as accountability and sustainability to stakeholders and citizens. GoAP is a leading example of how regional and local governments, through the SAP® Urban Matters initiative, can drive innovation around government service delivery, helping to increase community engagement and improve responsiveness to the needs of citizens.


Andhra Pradesh is India's fourth largest state by area and fifth largest by population, with 85 million residents. The Finance Department of the GoAP wanted to introduce a comprehensive financial management system to streamline and modernize the management of the state's finances as well as improve collaboration across various government departments in a structured way. The implementation of SAP solutions will offer a meaningful interface for both internal and external stakeholders, enabling a more efficient exchange of information. SAP solutions to be deployed include the enterprise resource planning (ERP) application SAP® ERP, the SAP® Public Budget Formulation application, SAP® BusinessObjects™ business intelligence solutions, SAP® Data Services software, SAP® Treasury and Risk Management application and SAP solutions for governance, risk, and compliance (GRC), as well as the SAP® ERP Human Capital Management solution to help improve employee processes with increased transparency.

"Agility in governance is the need of the hour, and with the adoption of this technology we have taken a big leap in taking e-governance to the next level in the country," said Dr. P.V.Ramesh, principal secretary, Finance Department (R&E), Government of Andhra Pradesh. "We will empower our internal and external stakeholders with an efficient human resources solution and financial system to better manage public funds and budget."

Today's governments operate in an environment of increasing complexity, facing constrained budgets while under pressure to resolve a wide range of societal issues. Organizations are driven to secure funds to address growing fiscal challenges and debt, but also to meet political objectives to become more citizen-focused and cost-effective and ensure sustainable government funding. To face these challenges, the Finance Department of the GoAP worked with SAP and implementation partner NIIT Technologies Ltd. on a plan to implement more effective public financial management, with a vision for the overall prosperity of the State.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs