Providing a Comprehensive Financing Option to SAP Solution Customers
Tokyo — SAP Japan Co. Ltd. has joined forces with Siemens Financial Services KK, the Siemens Group company responsible for financial solutions, and began offering existing and prospective SAP customers with “SAP Financing,” a new comprehensive financial service today.
SAP Financing is a financial service that provides the funding needed during SAP deployment on favorable interest terms through a simple procedure. Compared to the services offered by ordinary leasing companies, the scope covered by SAP Financing is broader, optimally combining various financing techniques such as leases and advances to provide a comprehensive financial service covering not just the cost of software and hardware, but also the cost of services such as customization, installation and first-year maintenance costs. Because long-term financing up to seven years is possible, companies will be capable to make IT investments more systematic, while at the same time they will be able to clearly track the overall cost and return on investment for software solutions over the entire life cycle.
These days, companies are cautious about investing in information technology, and when they are facing the construction of new information systems that are grounded in business reform, financing problems can become a factor that slows down decisions. SAP Financing, which brings together all associated costs into a set monthly payment amount, can further accelerate business reform by simplifying the budget process and clarifying the total cost and return on investment for information technology investments.
SAP Financing is targeted towards all existing and prospective SAP customers; however, because of its simplified interest terms, credit investigation, and application procedure, it will especially reduce the time and labor associated with financial services for small and medium sized enterprises and unlisted companies whose freedom in obtaining financing is somewhat limited. SAP intends to strongly promote SAP Financing as one of its strategies for cultivating the small and medsize enterprise market, an area where demand is expected to keep growing in the future.
About Siemens Financial Services
With some 1,600 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services (SFS) Group offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. SFS’ key customers are above all internationally active industrial and services companies, as well as public-sector operators. SFS supervises 21 leasing companies plus a range of partner companies worldwide. Further information under: http://www.siemens.com/sfs
About SAP Japan
SAP Japan, established in 1992, is the Japanese subsidiary of SAP AG, the world’s leading company in the enterprise software field. SAP provides various solutions that enable configuration for enterprise resource planning (ERP), supplier relationship management (SRM), supply chain management (SCM), customer relations management (CRM), enterprise portals, and product lifecycle management (PLM). There are already 12 million users of SAP products, at over 29,800companies in 120 countries worldwide. SAP products integrate all kinds of business processes within and between enterprises, making those processes more efficient. In Japan alone, more than 1,300 corporate groups already utilize SAP products, which are helping to promote the spread of IT among Japanese businesses, as well as enhancing international competitiveness and corporate value. (http://www.sap.com/japan)