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Jul 12, 2011

Cortera Risk Data and Reporting Solution Becomes An SAP-Endorsed Business Solution

Cortera Risk Data and Reporting integrated with SAP applications to enable customers to access trusted Cortera business information, powerful analytics, risk scores and more in real time

Cortera, a leading information provider that compiles insights on U.S. businesses, today announced that its Cortera Risk Data and Reporting solution is now an SAP-endorsed business solution.  The solution provides companies of all sizes and industries with new insights about other businesses.  The information can be integrated with the SAP BusinessObjects Spend Performance Management application through the SAP BusinessObjects Data Enrichment and Classification OnDemand solution, where Cortera’s wide array of information on businesses can be combined with customer data and global content to improve both the reliability of data and decision making.  The integration allows customers to leverage their investments in solutions from both SAP AG and Cortera for a clearer view of their suppliers and customers. 

“As the web of suppliers becomes increasingly complex, businesses are looking for innovative ways to mitigate risk throughout their supply chain,” said Jim Swift, president and CEO of Cortera.  “SAP’s endorsement of Cortera Risk Data and Reporting enables companies to leverage new information products that easily integrate into their risk management business processes.”

Cortera Risk Data and Reporting leverages new types of data in addition to traditional risk information and is powered by an innovative approach to technology that provides fast and flexible data delivery.  The combination of robust information and powerful analytics allowes businesses to be smarter about their risks, enabling them to anticipate actions and evaluate potential responses and outcomes. 

“Our customers are shifting away from transaction management, looking for more reliable, business-level information that serves as critical input to drive compliance, strategy and business insight, especially across the procurement, supply chain and finance lines of business,” said Sanjay Poonen, president Global Solutions, SAP.  “Cortera’s solution complements SAP BusinessObjects Spend Performance Management to help minimize supplier risk.”

Solutions endorsed by SAP are complementary to SAP software offerings, are developed in accordance with SAP development guidelines, and provide additional choices and flexibility for businesses running SAP applications.  As part of the agreement between Cortera and SAP, both companies will share technology and product roadmaps. 

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