The global economic crisis is inducing panic in SAP (and Business Objects) customers and SAP is responding. According to a blog entry posted yesterday on the Wall Street Journal, a hiring freeze has been put into effect, third party expenses such as training have been slashed, and internal non-customer facing travel is out of the question. Recently, I asked a friend at Business Objects what the number one reason for losing deals was. Expecting to hear the name of a competitor, etc., I was instead told that their greatest competitor isn’t another vendor, it’s “no decision”. Companies are clearly tightening belts.