SAP AG has announced it has been placed in top position by IDC in the “Worldwide Financial Accounting Applications 2010 Vendor Share” report. SAP was recognized as a market leader for both “2008-2010 worldwide revenue” and “2010 growth and market share” for financial accounting applications.

SAP solutions for financial accounting span end-to-end processes to deliver greater insight and visibility across organizations, helping CFOs transform their business. SAP has made significant investments to help ensure that financial accounting applications improve performance, increase confidence in financial reporting and address changing financial compliance requirements. These investments can be seen in recent product innovations delivered to the market that cover existing solutions for shared services, treasury and financial risk management, travel and expense management, receivables management, invoice to pay and the financial close. The addition of new developments — including a new accelerator for profitability analysis powered by the SAP HANA platform and new mobile applications, including payment approvals, travel and expense management and strategy management — further extend the transformational value of the finance portfolio from SAP.

“We are very excited to be recognized by IDC as the leading provider of financial accounting software worldwide,” said James Fisher, vice president, Marketing Finance Solutions, SAP. “CFOs and finance professionals globally are using SAP solutions to not only successfully navigate a business environment characterized by intensified competition, uncertain market conditions and increased regulatory oversight, but to also drive best practices across the finance organization that enable them to function as a true strategy partner to the business.”