Accelerates Application Data Management Leadership and SAP Market Presence
The Magnitude team is kicking off 2019 on a celebratory note: Just previous to ringing in 2019, we announced our fourth acquisition in a little over a year, bringing Z Option into the fold to again accelerate our SAP marketplace expansion. Z Option is a leading provider of cost effective, ready-to-use software that significantly reduces the cost of using and implementing SAP.
This is Magnitude’s second acquisition in 2018 and eighth in total.
This milestone broadens and deepens Magnitude’s leadership presence in the SAP ecosystem, providing even greater value to the Office of Finance. Our expanded portfolio of solutions aligns with our commitment to serve customers by delivering data access, management, analytics and reporting solutions that unify and simplify data management for enterprise applications and ERPs like SAP for real operational efficiencies.
One of the largest global ERP providers with a 23% market share, SAP represents a significant market opportunity for both Magnitude and Z Option.
Why this matters:
- Z Option will enable Magnitude to deliver even greater value to the Office of Finance, a key customer for solutions such as Innowera Process Runner, Magnitude SourceConnect, Magnitude RapidDecision and Magnitude Connectivity (Simba) solutions. Additionally, this brings tremendous productivity gains for enterprise users in areas such as finance operations and supply chain across many industries such as CPG, manufacturing and technology.
- Together, Z Option and Magnitude provide solutions that reduce the cost of using and implementing SAP by: integrating common SAP functions with Microsoft Excel®, simplifying data access and management, and enabling visibility into critical data for SAP users – all of which increase employee productivity.
- Z Option allows organizations to streamline financial data entry functions by providing a flexible and intuitive spreadsheet interface for collecting and posting transactions to SAP. And just like Magnitude, Z Option a has strong commitment to customer success and is highly regarded for the loyalty and engagement of their customer base.
As we boldly step into 2019, we’re thrilled to welcome Z Option to the Magnitude family and look forward to leveraging the power of our combined portfolios to facilitate faster, more accurate reporting and analytics across the fragmented digital landscape for more customers.