Companies Continue to Digitalize Spend Management with SAP

Rhea-AI Summary

On July 27, 2021, SAP SE (NYSE: SAP) reported strong growth as numerous companies, including Molson Coors and the Florida Department of Management Services, selected SAP Ariba and SAP Fieldglass solutions for digital procurement and workforce management. The quarter highlighted partnerships with companies such as Alcon Vision and BITZER SE, focusing on optimizing spend management and improving efficiency. SAP's solutions aim to enhance visibility, control costs, and drive innovation across various sectors. This ongoing demand for their services reflects SAP's strategic importance in digital transformation.

Positive

• Significant growth in Q2 with numerous companies adopting SAP Ariba and SAP Fieldglass solutions.
• Strategic partnerships with diverse industries, enhancing spend management and procurement operations.
• SAP solutions aimed at improving efficiency, cost control, and innovation for clients.

Negative

• None.

WALLDORF, Germany, July 27, 2021 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that Molson Coors Beverage Co. and the Florida Department of Management Services are among the hundreds of companies across industries and geographies in the second quarter to have chosen SAP® Ariba® and SAP Fieldglass® solutions to digitalize procurement and external workforce management. Hundreds more renewed licenses and still more went live with the solutions to optimize spend management.

"We have seen significant growth this quarter with companies around the world continuing to prioritize improving their spend management operations," said John Wookey, president of SAP Intelligent Spend and Business Network. "By modernizing and digitalizing critical business processes across procurement and external workforce management, our customers are gaining visibility and insights that enable them to control costs, reduce risk and drive innovation and growth for their businesses."

Highlights from the quarter include:

Alcon Vision, the Fort Worth, Texas–based company, is a global leader in eye care specializing in surgical medical devices and nonsurgical vision care products. Alcon selected SAP Ariba solutions for sourcing and procurement for direct and indirect materials. The company also selected the Qualtrics® XM for Suppliers solution to help build stronger and more collaborative relationships with suppliers. With a new and improved intuitive source-to-pay experience, Alcon aims to foster simplicity, speed and user-friendly buying services with increased data transparency and compliance.

Refrigeration and air conditioning technology manufacturer BITZER SE has implemented the SAP Ariba Buying solution with guided buying capability to help streamline and digitalize its procurement operations. With the SAP Ariba solution, BITZER, based in Sindelfingen, Germany, aims to drive a more efficient, paperless, transparent process from sourcing to payment as it expands globally.

The Florida Department of Management Services (DMS) selected SAP Ariba solutions for sourcing, contracts, buying and invoicing, and commerce automation to modernize its statewide procurement system with a cloud-based solution. DMS plans to standardize and automate procurement processes across the State of Florida, increase spend visibility and control, and enhance savings statewide.

Aligned with its innovation and sustainability strategy, Grupo Financiero Banorte, S.A.B. de C.V., one of the largest financial holdings companies in Mexico, continues its procurement transformation with the renewal of SAP Ariba solutions. By further digitalizing its procurement processes and strengthening its supply lifecycle management automation, Banorte will help improve the experience of more than 21,000 suppliers while enhancing process efficiency and spend compliance.

Molson Coors made a strategic investment in SAP Ariba solutions to help modernize its global procurement operations, building on its implementation of the SAP Ariba Contracts solution and adding the SAP Ariba Buying and Invoicing solution with commerce automation capabilities. With the new solutions integrated with its multiple ERP infrastructure, the company, headquartered in Golden, Colorado, and Montreal, Canada, intends to standardize on best practices from source to pay, improve efficiency in supplier relationship management and minimize risk.

Promigas SA ESP, a leading Colombian provider of natural gas, has selected SAP Ariba solutions for digital procurement as it continued its transformation journey with SAP. Building on its existing transportation management system based on SAP S/4HANA®, Promigas will adopt the cloud-based SAP Ariba solutions to help standardize and automate its procurement processes, increase purchasing efficiencies and reduce costs and risks.

Roca Sanitario SA, a global leader in bathroom equipment, selected SAP Ariba solutions for strategic sourcing, buying, commerce automation and supply chain collaboration. The Spanish company will adopt the digital procurement solutions to help improve, standardize and automate spend management processes across the organization. The company expects to increase visibility into spend and supplier performance to optimize costs and operational efficiencies.

For more information, visit the SAP News Center. Follow SAP on Twitter at @sapnews.

About SAP

SAP's strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com. 

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

© 2021 SAP SE. All rights reserved. 
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.

View original content to download multimedia:https://www.prnewswire.com/news-releases/companies-continue-to-digitalize-spend-management-with-sap-301341864.html

SOURCE SAP SE

FAQ

What companies selected SAP solutions in the second quarter of 2021?

Molson Coors, Alcon Vision, BITZER SE, and the Florida Department of Management Services are among the companies that chose SAP solutions.

How do SAP Ariba and Fieldglass solutions help businesses?

These solutions help businesses digitalize procurement and manage external workforces, enhancing visibility, control over costs, and driving innovation.

What was the date of SAP's 2021 Q2 press release?

The press release was issued on July 27, 2021.

What is the stock symbol for SAP?

The stock symbol for SAP is SAP, traded on the NYSE.

How does SAP contribute to digital transformation for businesses?

SAP aids in digital transformation by providing solutions that optimize procurement processes and improve overall operational efficiency.