SAP AG has made a commitment to provide financial, software and expert assistance to PlaNet Finance, a leading international non-profit organization that offers support services to microfinance institutions (MFIs). SAP and PlaNet Finance aim to improve the microfinance sector through a combination of microfinancing, the use of new technology and the creation of value-chain extensions that help entrepreneurs at the base of the economic pyramid create sustainable businesses. Three main areas will be targeted: technology development for field initiatives, development of software solutions for MFIs and deployment of SAP technology for PlaNet Finance’s corporate initiatives. In addition, SAP will use its associations with its customers, partners and developers – known as the SAP ecosystem – to provide expert assistance. The announcement was made at a joint press conference held today in Paris.
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