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Toyota Financial Services Chooses SAP® Leasing and Loan Solutions |
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NEWTOWN SQUARE, Pa. - July 26, 2005 - SAP America, Inc., a subsidiary of SAP AG (NYSE: SAP), announced today that Toyota Financial Services, USA (TFS), a leading provider of automotive and commercial financial services, has selected the SAP® Leasing and SAP Loans Management applications to achieve operational excellence and improve customer service in their Commercial Finance group. Toyota Financial Services is one of the top 10 largest automotive finance companies in the United States, with managed assets totaling more than $50 billion.
“We look for the same high level of service quality in our business partners that we expect from ourselves,” said Mike Groff, vice president, Commercial Finance, Strategic Planning and International Operations for TFS. “We have selected SAP because of its experience and reputation in the marketplace.”
The SAP offerings will help TFS expand its overall business capabilities while providing a solid foundation for future growth. The SAP implementation will also help TFS bring innovative financial products to market and meet dealer and customer demands more quickly.
SAP provides leasing, banking, insurance and other financial services organizations with best-in-class capabilities for managing end-to-end business processes and their entire enterprise more efficiently.
About SAP for Banking
SAP for Banking is an industry solution that combines mySAP™ Business Suite solutions and tailored functionality to meet the unique demands of financial institutions. With more than 550 customers in 60 countries worldwide, SAP for Banking provides an integrated set of tools and automated processes to manage every aspect of the front- and back-office banking environment—from high-volume transactional banking processes and customer relationship management to financial accounting, cost controlling and profitability and risk analysis. Based on the open architecture of the SAP NetWeaver™ integration and application platform, SAP for Banking helps companies expertly manage transactions and relationships across the institution to quickly identify and exploit market opportunities and easily tailor new products to the specific needs of individual customers. (Additional information at )
About SAP
SAP is the world’s leading provider of business software solutions*. Today, more than 28,200 customers in over 120 countries run more than 96,400 installations of SAP® software—from distinct solutions addressing the needs of small and midsize enterprises to suite solutions for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, mySAP™ Business Suite solutions are helping enterprises around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industry segments, including high tech, retail, public sector and financial services. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.”
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