MUNDELEIN, Ill., April 14, 2016 /PRNewswire/ -- Utopia Global,
Inc., a leading provider of enterprise data solutions and a
long-time SAP partner, announced the signing of a global reseller
agreement with SAP (NYSE: SAP). As part of the agreement, SAP will
resell Utopia's Master Data Governance for Retail and Fashion
Management™ (Utopia MDG for RFM™) solution under the name SAP®
Master Data Governance application, retail and fashion management
extension by Utopia. This will enable SAP to help its customers
better manage their mission-critical article master data, thus
helping speed time to market, improve decision support and decrease
IT costs associated with master data management.
Utopia's MDG for RFM solution provides a governance platform for
master data objects specific to the article master, including basic
data, classification and purchasing. Additional retail article
data such as logistics, listing, sales and point of sale (POS) are
covered. The solution integrates with the SAP ERP and SAP Master
Data Governance applications and complements the existing domains
for material, supplier, customer, finance and enterprise asset
management. Utopia's MDG for RFM offering has been developed in the
ABAP® programming language and is designed consistent with SAP's
architectural guidelines for managing master data, thereby offering
integration with SAP ERP. Customers running SAP's industry
solutions, SAP Merchandising for Retail and Wholesale Distribution,
SAP Fashion Management or both, will be able to take
advantage of this modern approach for governing the data lifecycle
for the article master.
"Customers using SAP Merchandising for Retail and Wholesale
Distribution and SAP Fashion Management need a unified single
source of trusted information about their article master," said
Arvind J. Singh, CEO of Utopia
Global. "For retailers with already thin profit margins,
traditional challenges with managing articles puts customers at
risk with slower new-product introductions and an inability to
accurately communicate article information beyond the enterprise
for trading partner synchronization and collaboration. The key to
managing and avoiding these costly challenges is to have business
processes and dashboards running on reliable article master data
across all locations in an enterprise. Our solution enables
organizations to maintain the integrity of mission-critical article
data with real-time governance, thus helping to improve operational
effectiveness and agility to respond to rapid market changes and
economic conditions affecting consumer purchasing behavior. This
responsiveness and decision making, via significantly improved data
integrity, can ultimately save our customers tens of millions of
dollars a year."
Utopia's MDG for RFM is now available to customers globally from
SAP as SAP Master Data Governance, retail and fashion management
extension by Utopia.
"We are pleased to offer the Utopia MDG for RFM solution as an
SAP offering, which will help address an urgent customer need,"
said Achim Schneider, global head,
Retail Industry Business Unit, SAP. "We anticipate that the retail
and fashion management extension will deliver value quickly to our
customers, enabling customers by providing them a highly beneficial
enterprise-wide data governance platform addressing a long-standing
need to cope with the complexities of rapidly changing article
master data."
ABOUT UTOPIA GLOBAL, INC.
Utopia is a global software, consulting and services company
specializing in enterprise data solutions that enable management
and governance of critical master data for an enterprise. Its
"build, fix and sustain" approach, along with best-in-class
software, empowers customers to get their data right, and keep it
right. Utopia's solutions enable high-integrity analytics that help
decision makers run their businesses with better decisions, faster.
Utopia's technology and consulting solutions arise from heavy
R&D investment and industry experience. The company serves
organizations with both legacy and SAP solution–based environments.
Utopia operates globally with a talented team whose mission is to
deliver best-in-class innovation and customer satisfaction. More
information may be found at www.utopiainc.com.
SAP, ABAP and other SAP products and services mentioned herein
as well as their respective logos are trademarks or registered
trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See
http://www.sap.com/corporate-en/legal/copyright/index.epx for
additional trademark information and notices.
All other product and service names mentioned are the trademarks
of their respective companies.
SAP Forward-looking Statement
Any statements contained in this document that are not
historical facts are forward-looking statements as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Words such
as "anticipate," "believe," "estimate," "expect," "forecast,"
"intend," "may," "plan," "project," "predict," "should" and "will"
and similar expressions as they relate to SAP are intended to
identify such forward-looking statements. SAP undertakes no
obligation to publicly update or revise any forward-looking
statements. All forward-looking statements are subject to various
risks and uncertainties that could cause actual results to differ
materially from expectations The factors that could affect SAP's
future financial results are discussed more fully in SAP's filings
with the U.S. Securities and Exchange Commission ("SEC"), including
SAP's most recent Annual Report on Form 20-F filed with the SEC.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
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SOURCE Utopia, Inc.