SOURCE: Crowdcast

Crowdcast

March 16, 2010 08:00 ET

Crowdcast's Collective Intelligence Solution Extends SAP® BusinessObjects™ GRC Solutions With the Wisdom of the Crowd

SAN FRANCISCO, CA--(Marketwire - March 16, 2010) -  Crowdcast, a leading provider of collective intelligence solutions for the enterprise, today announced support for SAP® BusinessObjects™ governance, risk, and compliance (GRC) solutions. Through this support, Crowdcast will equip customers with an innovative and unique crowd-driven service that enables better risk management propelled by collective intelligence through the use of market-leading SAP BusinessObjects GRC solutions.

Crowdcast's solution taps the wisdom of the employee or partner crowd to better understand key risks and opportunities facing the enterprise. Based on prediction market technology, the system rewards participants when they correctly forecast key events or metrics. By dynamically aggregating multiple viewpoints into a crowd forecast (i.e., a "crowdcast") of a particular risk, management can not only better predict what may happen, but also why, delivering insight to management to enable risk mitigation. Tapping intelligence from front-line employees can help to measure many key risks, for example:

  • Risk of slip in launch date of strategic product
  • Probability that competitor enters the market

SAP is the leading provider of GRC solutions to many of the world's largest and most innovative enterprises. Crowdcast's collective intelligence solutions, in support of SAP BusinessObjects GRC solutions, leverage collaborative technologies to help customers gain new insights into adverse events and the true state of risk within their business.

"Measuring and mitigating risk is key in today's turbulent business environment," said Mat Fogarty, CEO of Crowdcast. "SAP is the leader in the space. By offering Crowdcast's solution in support of SAP BusinessObjects GRC solutions, we can deliver an offering that includes all available information to produce unbiased, accurate risk assessments in real time."

Crowdcast is sponsoring the SAP Insider GRC 2010 conference in Orlando, March 16-19, and will demonstrate its solution as part of the keynote address of Narina Sippy, senior vice president and general manager, SAP BusinessObjects Governance, Risk and Compliance Solutions.

"SAP has a unique approach to risk and performance -- and with our robust ecosystem, we can offer customers ways of leveraging new technologies to balance risk and opportunity to realize the highest business value," said Narina Sippy. "In the case of Crowdcast, customers can leverage the collective intelligence of their employees to gain a rich understanding of the risks facing their organizations to increase business performance."

Crowdcast is also participating in the SAP EcoHub solution marketplace. This community-enabled online marketplace makes it easier for customers to discover, evaluate and purchase third-party solutions -- such as Crowdcast Collective Intelligence -- that complement their SAP applications. Solutions can be evaluated online based on feedback from other users, partners and business experts. Visitors can also schedule a solution demo on SAP EcoHub, request more information, and initiate purchase of a solution. More information on Crowdcast's solution can be found on the SAP EcoHub solution marketplace at: http://ecohub.sdn.sap.com/irj/ecohub/solutions/CrowdcastCollectiveIntelligence.

About Crowdcast

Crowdcast is the leading provider of collective intelligence solutions that help executives make better-informed decisions. Crowdcast's patented knowledge aggregation platform harnesses the knowledge of employees, customers, and partners and translates it into accurate and insightful business forecasts. Fortune 1000 companies rely on Crowdcast to improve project and portfolio management and to uncover and mitigate strategic risk. For more information, visit http://www.crowdcast.com.

Connect with Crowdcast

Follow Crowdcast on Twitter: http://twitter.com/crowdcastinc

Read the Crowdcast blog: http://crowdcast.com/blog/

SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.

Business Objects, BusinessObjects and the Business Objects logo are trademarks or registered trademarks of Business Objects in the United States and/or other countries. Business Objects is an SAP company.

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.

Contact Information

  • Contact:
    LaunchSquad
    415-625-8555
    Crowdcast(at)LaunchSquad(dot)com