Meanwhile, the Financials OnDemand launch comes as the latest salvo from SAP to fend off pure-play cloud competitors.
"SAP's going after the entire back office with their cloud strategy," said analyst Ray Wang, CEO of Constellation Research. "[Financials OnDemand is] one of many initial plays to stem the erosion by edge apps."
The vendor previously responded to Salesforce.com with a new CRM (customer relationship management) application called Sales OnDemand, and to Concur with a product called Travel OnDemand, for travel expense reporting.
"Each category is under attack by a cloud vendor," Wang said. "Hence they have to do this to be both defensive today and aggressive in the future."
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com