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TheStreet Open House

Aasonn Transforms Global Financial Management Operations With Rapid Implementation Of Cloud Solutions From SAP

Stocks in this article: 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.

(Logo:  http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)

"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.

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