SAP sees procurement services as the cloud's silver lining

By Harro Ten Wolde HANOVER, Germany (Reuters) - Business software maker SAP is betting its development of online corporate purchasing services for its multinational customers can boost revenue and profits as it shifts its core business onto the cloud. Steve Singh, head of SAP's recently created Business Network division for cloud-based procurement services, says that by making a dent in the several trillions of dollars in total which big companies spend each year on purchasing goods and ser