Software From the SAP for Defense & Security Set of Solutions Provides Improved Procurement and Logistics Efficiencies - As Well as Increased Visibility of Assets - Across the Army, Navy, and Air Force

Overview

Under the new guidelines, the New Zealand Defence Force (NZDF) needed to adopt an accrual accounting methodology and adhere to generally accepted accounting practices (GAAP), in that the New Zealand government would hold the force to the same financial and accounting standards as any public company. To conform to the government's reporting requirements, NZDF would have to provide accounting information for virtually every asset it had - but these assets were scattered across the globe and managed by different batch-mode systems that had never been designed to communicate with one another. Based on the formal evaluation process, the NZDF chose to adopt SAP software as the standard for its financial and logistical systems.