FILE PHOTO: Alexey Mordashov, Chairman of the Board of Directors of Severstal, attends the Congress of the Russian Union of Industrialists and Entrepreneurs in Moscow, Russia March 18, 2025. REUTERS/Maxim Shemetov/File Photo
MOSCOW (Reuters) -Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany's SAP will require more time and money than anticipated but is a matter of survival.
SAP, which became Europe's largest company by market capitalization this year, makes software that helps businesses manage functions from marketing and human resources to logistics and procurement.
