SOURCE: Greenlight Technologies, Inc.

Greenlight Technologies, Inc.

August 07, 2014 08:00 ET

Greenlight Technologies and SAP Sign Global Reseller Agreement

SAP to Resell Greenlight Regulation Management and Access Violation Management Solutions to Help Customers Standardize Their Regulation Management Processes

FLEMINGTON, NJ--(Marketwired - Aug 7, 2014) - Greenlight Technologies announced today that it signed a global reseller agreement with SAP SE (NYSE: SAP). Building on an established relationship, SAP will resell Greenlight's Regulation Management solution as the SAP® Regulation Management application by Greenlight and Greenlight's Access Violation Management solution as the SAP Access Violation Management application by Greenlight.

"For many organizations today, regulatory initiatives are managed in silos and, as a result, there is a lot of duplication of effort," said Anand Adya, chief executive officer, Greenlight Technologies. "Our solutions now being resold by SAP will further enable customers to centrally manage strategic regulatory initiatives and align with internal control activities so that compliance just happens as a byproduct of internal-control best practices."

Companies in highly regulated industries often deal with a wide range of industry, market and regulatory mandates that can change continually and vary greatly in their requirements. Regulations can have a direct impact on processes throughout the organization, from those related to legal, finance, compliance and IT. Written and enforced by a variety of bodies -- local, state, national and international -- regulations can be repetitive or contradictory, and the systems used to propagate regulations and changes may vary. With SAP Regulation Management providing a unified, enterprise-wide solution, organizations will be enabled to capture, assess and respond to regulatory changes quicker and more accurately. Compliance with new and changing mandates can be accelerated, while helping to reduce duplicate efforts and enable continuous compliance. "Companies need to meet the challenges of rising and dynamic regulatory expectations across all industries," said Kevin McCollom, group vice president and general manager, Governance, Risk and Compliance, SAP. "Through our global reseller agreement with Greenlight, we are expanding our commitment to customers who must comply with multiple regulations, helping them to further leverage the investments they have already made. Providing strategic choices for CFOs and CIOs that support board mandates form the foundation of our value proposition. We will be extending that expertise to help transform regulatory compliance and management of business controls."

The financial impact of access risks to business applications
In addition to accelerating regulatory compliance, the solutions available from Greenlight and SAP will help enable organizations to automate execution and testing of controls across business applications, and specifically assess the financial exposure that broad user access has on the business. Through this transparency, organizations will be able to take appropriate remediation actions where risk exposure is high.

Greenlight is an SAP software solution and technology partner in the SAP PartnerEdge® program. Its Greenlight LaserFocus solution is an SAP-endorsed business solution. In addition, Greenlight was the winner of the "Best Big Data Startup" award, presented at the SAP Start-Up Forum held in Palo Alto, Calif., in August 2012.

About Greenlight Technologies
Greenlight Technologies provides one of the industry's most comprehensive, real-time enterprise business control monitoring software solutions, which enables effective compliance and risk management for user access and transaction events across business applications. Leading Global 2000 organizations rely on Greenlight Technologies to help reduce the complexity and operational overhead associated with achieving compliance with regulations and to help ensure the integrity of business transactions. For more information on Greenlight Technologies, please visit or call 908-782-5700.

SAP, SAP HANA and all SAP logos are trademarks or registered trademarks of SAP SE in Germany and in several other countries. 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

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    Name: Susan Stapleton
    Title: Vice President, Customer Advisory
    Email: Email Contact