SAP SE in eGRC Software

SAP is recognized as one of the leading players in enterprise resource planning software segment. SAP offers a wide range of products, which include applications, analytics, cloud, mobile, and database and technology. It offers customized business solutions for large enterprises and SMEs. The company increased its R&D expense in 2016 to USD 3,368 million with an aim to develop new products and services. Furthermore, SAP strengthened its R&D by investing in SAP Labs network and in the new SAP Innovation Center Network. In 2016, the company registered multiple achievements due to its successful implementation of various growth strategies, such as new product launches and acquisitions. Similarly, in August 2016, it acquired Altiscale, a provider of high-performance, scalable Big Data-as-a-Service (BDaaS) solution. The company also launched the Spring 2016 edition of SAP HANA Cloud Platform, which enabled organizations to have improved integrated and extended SAP software. This would further improve SAP GRC 10.1 performance, which is supported by SAP HANA. SAP serves its vast clientele in the regions of Europe, MEA, Americas, and APJ.