Leading provider of business communications and IT managed services invests in SAP BusinessObjects
Business Planning and Consolidation
Birmingham, UK — SAP announced today that leading provider of business communications and IT managed services, Colt has started to implement SAP BusinessObjects Business Planning and Consolidation for effective financial planning and consolidation across the organisation. Colt specialises in providing data, voice and managed services to major enterprises, midsize businesses and wholesale customers. Colt operates a 13-country, 25,000km network that includes metropolitan area networks in 34 major European cities with direct fibre connections into 16,000 buildings and 19 Colt data centres. With such diverse offerings and regions, financial insight across the company is critical to the finance team being able to develop an effective and rapidly adaptable business plan.
Colt had been using a legacy planning application to manage its forecasts and budgeting, but saw growing demands for a scalable, reliable solution that would provide more sophisticated management reporting. To address this need, Colt decided to tender for a new solution that would provide the business functionality, ease of use and technical compatibility that the organisation required to assist its continued success and growth.
A number of vendors including SAP were invited to tender and after a detailed evaluation process, SAP and Oracle were shortlisted. It was important for Colt that any new solution for the finance users would be easy to use. The native Excel interface of SAP BusinessObjects Planning and Consolidation provides both familiarity and additional functionality and can achieve productivity faster. Based on its stringent selection criteria, Colt decided to invest in SAP to help manage the company’s budgets and enhance financial performance. SAP BusinessObjects Planning and Consolidation runs on top of the existing Oracle ERP environment at Colt.
Martin Harrison, Deputy CFO, Colt said; “We wanted a fully integrated solution that would meet our business requirements. We needed a solution that enables effective management decision-making, and is easy for the team to begin using as quickly and efficiently as possible. It also needed to fit with our existing infrastructure. SAP proved that its Planning and Consolidation solution was a better fit for our company than its competitors because of the functionality, its optimal performance as well as Total Cost of Ownership (TCO) with its technology architecture fit. I believe that SAP BusinessObjects Planning and Consolidation will provide us with the business capability we need both now and in the future to ensure we maintain our competitive advantage”
“Managing a company’s performance requires the ability to develop timely and accurate plans and budgets that are aligned with strategic goals. SAP is committed to partnering with Colt, offering its industry and enterprise performance management expertise to help Colt achieve their corporate objectives. We look forward to a long-term relationship with Colt.” said Colin Sharp, Director of Business User and Solution Sales, SAP UK & Ireland.
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 97,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” For more information, visit www.sap.com.
(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2010 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via e-mail links and subscribe to RSS feeds from SAP TV.
Follow SAP on Twitter at @sapnews.