Is Solution Manager required for ECC 6.0 upgrade?

We will upgrade our system from 4.7 to ECC 6.0.  Is Solution Manager a required tool in ECC 6.0?  My understanding is Solution Manager has to be run on a different server, ie.  we will have to buy a new server.   We have a small SAP implementation with only FI & CO modules, so we are trying to cut our costs if we could.  Can anybody share their experience?  Thanks for any input.

In an Upgrade , Solution Manager is required for Upgrade Keys and downloading the support packs . Now a days to download the support packs you have to approve it in Solution Manager otherwise it won't show up in your download basket.
May be SAP can provide you the keys & approve the SPs ( they used to do that before ) , in that case it isn't required.
You can also manage your upgrade project in Solman . Sooner or later you need to install solution manager. it's a nice system.Many good features like central monitoring, early watch alert etc etc ...
Thanks
Prince Jose

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