Toronto-based asset information management technology provider NRX Global Corp. announced Thursday its Asset Center to be an SAP-endorsed business tool.

The partnership means Walldorf, Germany-based SAP AG and NRX will market Asset Center globally across a wide array of verticals that are asset intensive, such as the public sector, and defense and security.

Asset Center is meant to address typical hurdles faced by asset-intensive organizations, like data migration and the need to achieve rapid returns on investments. At the same time, these organizations need to reduce operating costs while ensuring reliability and productivity.

SAP-endorsed business tools are powered by the SAP NetWeaver platform and are complementary to SAP software.