HP Chooses RISE with SAP to Help Drive Digital Transformation, Optimization and Efficiency

Rhea-AI Summary

SAP SE (NYSE: SAP) has expanded its strategic partnership with HP Inc. as HP invests in the RISE with SAP solution to bolster digital transformation, portfolio optimization, and operational efficiency. This solution will integrate hardware, software, and services to enhance workforce flexibility. SAP noted HP's early adoption of SAP S/4HANA as a model for business transformation. HP's investment will facilitate the expansion of SAP products aimed at improving process efficiency. SAP aims to empower businesses to operate as intelligent enterprises and drive innovation through advanced technologies like machine learning and IoT.

Positive

• HP's investment in RISE with SAP signals increased commitment to digital transformation.
• The partnership will enhance operational efficiency and business process optimization for HP.
• SAP's strategy to integrate machine learning and IoT will likely benefit both companies in the evolving digital landscape.

Negative

• None.

WALLDORF, Germany, April 26, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced an expansion of its strategic relationship with HP Inc. as HP invests in the RISE with SAP solution to support its focus on driving digital transformation, portfolio optimization and operational efficiency. The software will provide a platform for combining hardware, software and services to deliver flexible workforce solutions. 

"HP was one of the first SAP strategic customers to standardize on SAP S/4HANA, and the company continues to serve as a model of how working with SAP can enable business transformation," said Scott Russell, Executive Board Member, Customer Success, SAP SE. "This latest step forward not only supports the delivery of HP's digital transformation – but also furthers HP's vision of delivering future-ready services for its customers."

The RISE with SAP solution bundles the applications, tools and services necessary to continue transforming and automating HP's core business functions.

"The hybrid world around us is evolving rapidly, and so is the need to create new digital experiences that are more connected, personalized and optimized," said Greg Baxter, Chief Digital and Transformation Officer, HP Inc. "Thanks to our expanded partnership with SAP, we are able to prioritize new solutions that help us become more nimble, efficient and innovative as we create amazing experiences for our customers, partners and employees around the world."

HP's investment also will allow the organization to expand its use of other SAP® products to drive process and operational efficiency.

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About SAP

SAP's strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. 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.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2022 Annual Report on Form 20-F.

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SOURCE SAP SE

FAQ

What is the significance of HP's investment in RISE with SAP?

HP's investment in RISE with SAP focuses on enhancing digital transformation and operational efficiency, integrating hardware and software solutions.

How does SAP's partnership with HP impact SAP's business strategy?

The partnership aligns with SAP's strategy to help companies optimize operations and innovate using advanced technologies.

What are the expected outcomes of the SAP and HP partnership?

The partnership aims to streamline HP's core business functions, driving process efficiency and enhanced customer experiences.

When was the announcement of the SAP and HP partnership made?

The announcement was made on April 26, 2023.

What is SAP's broader business focus?

SAP aims to support businesses in becoming intelligent enterprises through advanced technology and digital solutions.