SAP NEWSBYTE – March 16, 2010 – In an effort to further help organizations streamline the entire capital-expenditure planning process, SAP AG (NYSE: SAP) today announced a starter kit for capital planning available for the SAP® BusinessObjects™ Planning and Consolidation application. Often capital planning is done manually by aggregating content from individual spreadsheets or building custom applications. The new starter kit provides an automated way to request, plan, model and evaluate large, complex projects as well as smaller, simpler ones. The announcement was made at Financials 2010, being held in Orlando, Fla., March 16-19.
Developed in collaboration with SAP partner Aster Group, the starter kit is especially helpful for organizations in capital-intensive industries like automotive, chemicals and oil and gas. Pre-built templates and content guide business users through the planning process, and can be tailored to meet their specific needs. The starter kit features embedded analyses of investment returns using industry-standard methodologies such as internal rate of return and payback period. It can be used as a stand-alone solution, or with customers’ existing deployments of SAP BusinessObjects Planning and Consolidation, version for the Microsoft platform.
“The new starter kit from SAP will greatly simplify our capital-expenditure planning projects,” said Michael Curley, budget and financial analyst, Rappahannock Electric Cooperative (REC). “Since REC operates in a capital-intensive environment, by enhancing our budgeting and forecasting we will be able to execute these processes in a fraction of the time, allowing us to more efficiently pursue our growth strategy.”
REC is a member-owned cooperative providing service to more than 103,000 homes and businesses in portions of 16 Virginia counties. Visit www.myrec.coop for more information about the cooperative and its community involvement.