The Risk Data and Reporting solution from Cortera is now a SAP (News - Alert)-endorsed business solution. New insights about other businesses are provided by this solution to companies of all sizes. An announcement in this regard has been made by the top information provider, Cortera, a company that compiles insights on U.S. businesses.

With the help of the SAP BusinessObjects Data Enrichment and Classification OnDemand solution, information can be integrated with the SAP BusinessObjects Spend Performance Management application. The solution will now combine Cortera's wide array of information on businesses with customer data and global content. The reliability of data and decision making will be therefore improved. Customers can leverage their investments in solutions from SAP and Cortera through the integration. A clearer view of suppliers and customers will be also available with this integrated solution.

In a release, Jim Swift (News - Alert), president and CEO of Cortera said, "As the web of suppliers becomes increasingly complex, businesses are looking for innovative ways to mitigate risk throughout their supply chain. SAP's endorsement of Cortera Risk Data and Reporting enables companies to leverage new information products that easily integrate into their risk management business processes."

New types of data along with the traditional risk information are leveraged by Cortera Risk Data and Reporting. Fast and flexible data are delivered through this solution which is powered by an innovative approach to technology. Businesses can take smarter risks with the combination of strong information and powerful analytics. Apart from anticipating actions, businesses can also evaluate potential responses and outcomes.

Sanjay Poonen, president for Global Solutions at SAP said, "Our customers are shifting away from transaction management, looking for more reliable, business-level information that serves as critical input to drive compliance, strategy and business insight, especially across the procurement, supply chain and finance lines of business. Cortera's solution complements SAP BusinessObjects Spend Performance Management to help minimize supplier risk."

Developed in accordance with SAP development guidelines, the solutions endorsed by SAP are complementary to SAP software offerings. Businesses running SAP applications are therefore provided additional choices and flexibility. Technology and product roadmaps will be shared by Cortera and SAP as per the terms of the agreement.