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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Newsbyte: New SAPA® Solution Helps Businesses Take Project Operations To The Next Level

WALLDORF, Germany, Feb. 4, 2014 /PRNewswire/ -- To help companies manage project-based businesses, SAP AG (NYSE: SAP) today announced the SAP® Commercial Project Management application. Leveraging existing capabilities of SAP® Business Suite software, the application offers coverage of the lead-to-cash scenario for projects, beginning with selling a project through planning and delivery. SAP Commercial Project Management brings project-related front- and back-end information into one integrated system and makes it available to project managers, administrators and executives.

According to recent performance benchmarking from SAP, more than 70 percent of companies have only limited capability to track project risks from identification to resolution stage, in collaboration with subcontractors and customers. SAP Commercial Project Management bridges this need by enabling users to manage the project value chain end-to-end and helps companies increase project profitability and improve employee productivity. The application allows creating optimal bids leveraging information from past projects as well as best practices in order to derive bids that are both profitable and competitive. Moreover, it supports stringent issue and change management processes and their impact on project cost and revenues. SAP Commercial Project Management offers one cohesive view into all project aspects to help enhance project control, mitigate risks and take the best actions.

"While a high percentage of project profitability is determined at the bid stage, around half of all projects are not delivered to plan — in fact, on average 20 percent of project value is at risk," said Chakib Bouhdary, executive vice president, Global Industry Solutions and Customer Value, SAP. "SAP Commercial Project Management enables professional services, engineering, construction and operations and other project-based industries to reinvent the way they sell and deliver their services by offering full transparency throughout the project life cycle while helping ensure project profitability."

SAP Commercial Project Management is an extension to SAP Business Suite and contains three packages: project workspace, project cost and revenue planning and project issue and change management. The application runs on the SAP HANA® platform, is mobile-enabled and can be used by companies selling and delivering projects to customers as well as those running internal projects. Additional mobile apps are also made available by partners. SAP partner Mindtree offers mInspect, a mobile app that supports the issue management component of SAP Commercial Project Management, and mWorkspace, a mobile app that provides key information to project managers.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs