Swiss Re Selects SAP to Further Reduce IT Complexities

VIENNA, Austria, May 15 /PRNewswire-FirstCall/ -- SAP AG today announced that Swiss Re, the world's leading reinsurer, will use SAP software to harmonize and consolidate its global human resources, finance and logistics processes. The announcement was made at SAPPHIRE(R) '07, SAP's international customer conference, being held in Vienna, Austria, May 14 - 16.

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"Our commitment to the co-innovation with partners and customers in the insurance industry is helping best-run businesses such as Swiss Re get even better," said Leo Apotheker, deputy CEO, member of the executive board and president, Global Customer Solutions and Operations, SAP AG. "Our companies share a common aim in the pursuit of excellence: to help Swiss Re take its global success to greater heights on a business process platform that tightly unifies global best practices and quickly enables next practices at the speed of change."

By consolidating its business processes on a single technology platform, Swiss Re aims to achieve greater operational effectiveness and to empower decision makers across the organization with faster access to more reliable information. The initial phase of the global SAP rollout is already under way.

"We needed a solution provider with a clear road map for the long term. We want to significantly reduce the complexity and costs of our existing technology platforms and interfaces, and the related licensing and maintenance fees," said Yury Zaytsev, Group Information Officer and member of the Executive Board of Swiss Re. "SAP emerged as our clear preference for several reasons, not only because of their proven track record of providing successful solutions for global businesses similar to Swiss Re, but also because of the positive experiences we've had with SAP software in some of our regional subsidiaries."

To help optimize return on investment, Swiss Re is leveraging SAP services including SAP Education, which is currently training users on the features of SAP ERP HCM, and SAP Consulting, which will support the ongoing rollouts in Switzerland and the United States.

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SAP is the world's leading provider of business software*. Today, more than 39,400 customers in more than 120 countries run SAP(R) applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com/)

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