SAP Simplifies Budgeting, Forecasting and Consolidations for Carl's Jr. and Hardee's Chains; Replaces Hyperion Solutions at CKE
December 09 2009 - 9:00AM
PR Newswire (US)
SAP(R) BusinessObjects(TM) Planning and Consolidation Will
Transform Budget Forecasting From Lengthy and Resource Intensive to
Fast and Seamless CARPINTERIA, Calif., Dec. 9
/PRNewswire-FirstCall/ -- SAP AG (NYSE:SAP) announced today that
CKE Restaurants (NYSE:CKE) has selected the SAP®
BusinessObjects(TM) Planning and Consolidation application to
produce its monthly forecasts and annual budget. CKE is comprised
of several well-known chains - including Carl's Jr., Green Burrito,
Hardee's and Red Burrito - and has more than 3,000 locations in 42
states and 14 countries. SAP's unified planning, budgeting,
forecasting and consolidation application proved to be the winning
solution, as it works across the Microsoft platform that was
already being used by CKE. With a single user interface, SAP
BusinessObjects Planning and Consolidation provides the data the
company needs to complete its budgets, forecasts and consolidated
financial reports. The deal marks a win over a number of other
software vendors, including Oracle/Hyperion. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a) "We
began implementation of the SAP BusinessObjects Planning and
Consolidation application after being impressed by its ease of use,
business process flows that drive process consistency, flawless
demos and strong references," said Tom Lindblom, CTO, CKE
Restaurants. "Prior to that, we were using large Excel spreadsheets
against a third-party back end to complete annual budgets and
monthly forecasts. It was a lengthy and time-consuming process that
required shuttling data into and out of PeopleSoft. The new SAP
solution will allow us to quickly model new business scenarios
while minimizing risk, giving us a shorter route to compliance."
Closing the Books Faster Today, businesses like CKE Restaurants are
expected to meet financial planning deadlines while completing
consolidated financial reports in a short period of time. In
addition, statutory reporting requirements such as International
Financial Reporting Standards (IFRS) add to the complexity of
closing the books. Planning, budgeting and forecasting are more
cumbersome and resource intensive than ever, which is why
businesses seek out solutions that can help streamline planning,
budgeting and forecasting and help deliver a faster, compliant
financial close. Financial Data Helps Drive Decision-Making "Many
companies around the globe, like CKE, have selected SAP
BusinessObjects enterprise performance management solutions over
its competitors because of their superior usability, and our
ability to deliver planning, forecasting, budgeting and
consolidation capability from one unified application," said Sanjay
Poonen, executive vice president and general manager, Worldwide SAP
BusinessObjects Sales. "Designed for today's finance professional,
and optimized both for SAP and non-SAP environments, this is an
application that can offer rapid ROI and lower TCO than
alternatives in the market." About SAP 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 92,000
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 http://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 © 2009 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. For
customers interested in learning more about SAP products: Global
Customer Center: +49 180 534-34-24 United States Only: 1 (800)
872-1SAP (1-800-872-1727) For more information, press only: Scott
Behles, +1 917-494-2009, , EST SAP Press Office, +49 (6227)
7-46315, CET; +1 (610) 661-3200, EST; Jeff Shadid,
Burson-Marsteller, +1 (214) 224-8419, , CST
http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
http://photoarchive.ap.org/ DATASOURCE: SAP AG CONTACT: Scott
Behles of SAP AG, +1-917-494-2009, , EST, or SAP Press Office, +49
(6227) 7-46315, CET, +1-610-661-3200, EST, ; or Jeff Shadid of
Burson-Marsteller, +1-214-224-8419, , CST, for SAP AG Web Site:
http://www.sap.com/
Copyright