Enterprises running SAP® Business Suite software in their headquarters have shown strong interest in equipping their subsidiaries with the SAP® Business ByDesign™ solution. Today, SAP AG (NYSE: SAP) announced that customers such as The Dow Chemical Company and Nokia have deployed SAP Business ByDesign at their subsidiaries SAFECHEM and Nokia Tej. SAP now offers a full portfolio approach for subsidiaries with SAP® Business One, SAP Business ByDesign and SAP® Business All-in-One. The announcement was made at SAPPHIRE® NOW, being held in Orlando, Florida, May 15-18, 2011.
SAFECHEM, a subsidiary of The Dow Chemical Company, has been operating in Europe since 1992 and recently formed SAFECHEM™ North America LLC, a wholly owned subsidiary of The Dow Chemical Company. SAFECHEM is a true start-up company in North America that needed to establish a financial system to manage the business transactions following U.S. GAAP, including sales and use tax reporting. As the company prepares for growth, the cloud platform from SAP Business ByDesign enables flexible management of company operations while delivering fast time to value. SAFECHEM was able to start up financial operations in only six weeks and has achieved financial consolidation with Dow Chemical's system. The company also has room to expand as the business grows.
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