0405 forbes casestudy
TRANSCRIPT
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8/6/2019 0405 Forbes Casestudy
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SAP HELPS FORBES
DO WHAT THEY DO BEST,
EVEN BETTER.
SAP BusinessObjects is our central nervous
system because it empowers our organization
to make smart decisions based on data trends.
It also helps us predict uture
trends accurately.
Michael Smith, President o Forbes.com
FORBES
Leaders in fnancial and business news or online and print media.
Industry: Media print and digital
Headquarters: New York, NY
Web site: orbes.com
Solution : SAP BusinessObjects
TOPLINE RESULTS
Integratedsystemsinjust65days
Providedin-houseresearchandreportingcapabilities
EliminatedredundantITequipment
Expandedadvertisingbase
COMPETITIVE ENVIRONMENT
Forbesoperatesinahighlycompetitiveenvironmentsoretainingandexpandingtheiradvertisingbaseisan
ongoingchallenge.Togainacompetitiveadvantage,Forbesneedstohaveaclearunderstandingofwho
their readers are. Rich Karlgaard, publisher o Forbes, understands the value o mining or relevant data.
Unless you can get data and inormation in real time, make sense o it, see patterns, and be able to answer
client questionsyou just dont compete today.
THE RIGHT SOLUTION
Toaccesskeyconsumertrendsandstatistics,Forbesneededarobustbusinessintelligencesystemto
combinethird-partydatawiththeirowninternalinformation.LouieTorres,directorofMediaSolutionsat
Forbes,headeduptheinitiative.Wedidacomplexmatrixtounderstandwhatproductswereavailable.
We looked at a variety o solutions, but SAP BusinessObjects ft us best. It was the right product because
o its ease o implementation and use.
A WEALTH OF KNOWLEDGE
With SAP BusinessObjects solutions Forbes can now use the demographic and psychographic data o their
online subscribers to target campaigns and increase ROI or their advertising clients. Michael Smith,
presidentofForbes.com,emphasizestheimportanceofSAPBusinessObjects.Thebiggestbenetofusing
SAP BusinessObjects is that it helps us to optimize advertising campaigns so that our customers are getting
better return or their marketing dollar.
SCALABLE SOLUTION
NotonlyhaveSAPBusinessObjectssolutionshelpedForbesexpanditsadvertisingbase,theyhavealso
helped reduce telecommunication costs and eliminate redundant equipment. Because the solutions are
easy to use, and oer a broad range o benefts, Forbes intends to roll them out across the organization to
providereportingandanalysisforalloftheirbusinessunits.TorressumsuptherelationshipwithSAP
sotware. We have to make decisions, but we have to make the right decisions. Being able to understand
our customer base in a highly intuitive manner, in real time, is critical to our success.
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