SAP (SAP), the huge German provider of enterprise software, will introduce products for small and mid-sized companies. The firm has always made its money selling complex back-office and process management software to Fortune Global 1000 companies. But, Oracle (ORCL) and Microsoft (MSFT) have moved aggressively into the same markets, and there are only so many huge enterprise customers.
So, SAP is going to begin to offer software that runs over the internet and carries monthly licensing fees instead of large up-front payments. As The Wall Street Journal writes the product "helps companies manage back-office work and important tasks such as running a sales force or filling orders."
SAP faces a significant risk. Companies will only buy what they can use and support, whether the budgets are large or small. The German firm is entering a part of the marketplace where there is very little internal IT support. Smaller companies cannot afford it. That means that SAP will have to take on this role, if it is going to do well in signing up and retaining new customers. Customer support can dig a fairly large hole for a company as big as SAP
And, that could be very, very expensive.
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.