In a statement released today, German software application firm, SAP, said that it has voluntarily disclosed the situation in its South Africa business to US authorities responsible for enforcing the US Foreign Corrupt Practices Act.
It has initiated disciplinary procedures against three employees and made significant changes to its global sales deal processes.
Recent investigations have uncovered indications of misconduct in issues relating to the management of Gupta-related third parties, the SAP statement read.
SAP in the global energy transition
The multinational software company has played a significant role in ensuring global utilities simplify adoption of low carbon business models through the implementation of innovative solutions enabling large portfolios of distributed and renewable energy resources to be integrated with grid networks.
In recent news, the software company has been involved in integrating its solutions with other company’s and has also increased its presence in research and development of new digital solutions under efforts to expand its presence in the global utilities, IoT and smart cities sectors.
In early June, British energy and services company Centrica announced its partnership with SAP to deliver insights and connectivity through the Internet of Things (IoT).
The partnership followed SAP’s contract with Accenture in the previous month to jointly develop state-of-the-art digital solutions. Read more…
Apart from improving the capabilities of its solutions to help global utilities to optimise their operations, SAP has also been involved in reselling technologies developed by other solution providers to its customers.
A statement issued in the first quarter of 2017, said the company agreed to resell Siemens’ meter data management solution, EnergyIP.