Russian billionaire says replacement of SAP software is costly but essential

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Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany’s SAP will require more time and money than anticipated but is a matter of survival.

SAP, which became Europe’s largest company by market capitalization this year, makes software that helps businesses manage functions from marketing and human resources to logistics and procurement.

SAP provided software to Russia’s largest companies, including airline carrier Aeroflot and Russian Railways, but gradually…



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Russian billionaire says replacement of SAP software is costly but essential


Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany’s SAP will require more time and money than anticipated but is a matter of survival.

SAP, which became Europe’s largest company by market capitalization this year, makes software that helps businesses manage functions from marketing and human resources to logistics and procurement.

SAP provided software to Russia’s largest companies, including airline carrier Aeroflot and Russian Railways, but gradually…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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