SAP releases SAP Carbon Impact OnDemand 5.0, its first native cloud application. The new appplication is designed to help global companies reduce their energy and carbon footprint across their entire operations and product supply chains.
Unlike SAP’s (NYSE: SAP) traditional offerings, Carbon Impact OnDemand 5.0 requires no software installation. The cloud-based service will inventory and benchmark a company’s global environmental performance across all of its facilities, according to SAP. Benefits include reduced reporting costs, improved data accuracy and shorter reporting cycles thanks to the system’s automatic data collection across a variety of sources, including metering systems, utilities, third-party applications and SAP’s own enterprise resource planning (ERP) application.
SAP said that it also offers language support for more than 50 countries.
The release comes at a time when enterprises have to respond to increasingly volatile energy prices and stricter energy use reporting regulations, such as the U.S. Environmental Protection Agency’s Mandatory Reporting Rule, which requires reporting of greenhouse gas (GHG) emissions from large sources and suppliers in the U.S.
“Due to the uncertainty and volatility in energy prices, as well as the growing concerns of consumers, NGOs and governments about organizations’ energy and carbon costs, companies face a tremendous challenge,” Peter Graf, chief sustainability officer at SAP, said in a statement.
“They need to reliably report and profitably reduce their carbon footprints in their home markets and on a global scale,” he added. “First, it requires harvesting accurate carbon data from back-end systems and a myriad of sources at all facilities. Second, companies need to analyze and benchmark their performance against peers and develop optimal reduction strategies based on best industry practices.”
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The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.