News roundup: New York Life deploys SAP Insurance Analyzer

In this news roundup, New York Life counts on SAP Insurance Analyzer to help make better choices, SAP goes greener, and more.

New York Life is deploying SAP Insurance Analyzer analytics software, running it on the SAP HANA in-memory platform, in an effort to make better decisions when balancing risk and financial rewards.

Specifically, New York Life is implementing SAP Insurance Analyzer to help define strategic options in mergers and acquisitions, financing and capital market strategies, SAP said in a statement.

"The insurance industry is evolving faster than ever before," said Randy Gonzalez, vice president and head of finance transformation for New York Life. "To keep pace, we must leverage technology that enables us to shift our mindset to effectively operate in the future state, break out of silos and make strategic decisions that can support the business."

Tate & Lyle taps SAP MaxAttention

Tate & Lyle, a London-based supplier of food and beverage ingredients, has employed SAP MaxAttention to help advance and expedite some of its IT projects -- including developing recipes and bringing them to market faster -- and operating in markets with varying regulatory requirements.

"We sped through the build process, meeting our deliverables on time," Tate & Lyle CIO Steve Byers said. "And the biggest reason we were able to do that is because the design was solid."

SAP MaxAttention is SAP's premium support plan for customers. It is a multi-year commitment that can span multiple projects and deployments that are often very complex and ambitious in nature.  

As a part of the project, the company launched an Innovation Control Center, which reviewed customization requests, a process other companies have used to their advantage.

SAP expands its green efforts

In an ongoing effort to reduce its carbon footprint, SAP announced it is boosting the number of electric vehicles in its fleet. The goal is that by 2020, one in five -- roughly 5000 of the company's then estimated 20,500 cars globally -- will have electric engines. As a part of that effort, SAP also said it is adding more charging stations at its Walldorf headquarters.

SAP also announced that 100% of the electricity will come solely from renewable sources by 2020, matching its goals for energy consumption in its offices and data centers. The company also announced it is making its TwoGo ride-sharing app free for companies in Germany and Silicon Valley.

 

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