Sap Se - SAP STOCK NEWS

SAP SE (NYSE: SAP) has launched its new SAP Fieldglass Assignment Management solution to streamline the management of contractors in asset-intensive industries. This platform allows operational managers to efficiently assign and oversee projects across diverse workers and pay rates. With external labor constituting 42% of total workforce spending, this tool enhances visibility, flexibility, and compliance for organizations. It addresses complexities in contractor management, aiding in cost control and project efficiency.

SAP SE (NYSE: SAP) announced that Capgemini has adopted its SAP Fieldglass Contingent Workforce Management and Services Procurement applications. This integration aims to enhance Capgemini's management of its contingent workforce, driving sustainable growth. The applications improve efficiency, agility, visibility, and transparency in workforce management, enabling better compliance and strategic decision-making. Capgemini's procurement team has automated and standardized the processes related to its external labor, increasing operational efficiency and providing insights into spend and market opportunities.

SAP SE (NYSE: SAP) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. SEC. The report is now accessible online. Additionally, SAP has released its Integrated Report 2020, which covers its social, environmental, and financial performance. Both reports can be found on SAP's Investor Relations website along with options to request hard copies of the financial statements. SAP continues to position itself as a leader in enterprise application software, emphasizing its commitment to helping businesses operate efficiently and effectively.

SAP SE (NYSE: SAP) announced that Luka Mucic, CFO, will present at the Morgan Stanley Technology, Media and Telecoms Conference on March 1, 2021, at 5:45 PM CET. A live audio webcast will be available on SAP's Investor Relations website for a limited time. SAP emphasizes its role in helping businesses operate as intelligent enterprises through technologies like machine learning and IoT, impacting 77% of global transaction revenue. SAP's forward-looking statements address potential risks and uncertainties affecting future financial results.

SAP SE (NYSE: SAP) announced a recommended dividend of €1.85 per share for fiscal year 2020, marking a 17% increase from the previous year. If approved, this would distribute approximately €2.18 billion to shareholders, with a payout ratio of 41%. The dividend is set for payment on or after May 18, 2021. CFO Luka Mucic emphasized strong financial performance despite 2020's challenges. The upcoming Annual General Meeting is scheduled for May 12, 2021, where two shareholder representatives will be elected.

According to a recent study by SAP and Oxford Economics, only 23% of procurement executives can view overall spend in real time, with 49% still relying on manual data analysis. The survey included 1,000 executives and highlights significant gaps in digital adoption. Notably, leaders in procurement achieve better operational efficiency and supplier performance through technology investments. However, 38% of executives still use manual processes. The study emphasizes the need for organizations to digitalize spend management and improve supplier collaboration for better business results.

SAP SE (NYSE: SAP) has announced a reduction in subscription fees for partners' test and demonstration environment licenses, enhancing support for customer engagement. The initiative builds on their 2019 commitment to equip partners with essential resources. SAP has introduced new features in the 'SAP for Me' portal and expanded demo scenarios to over 350, aiming to facilitate cloud adoption. Additional offerings include reduced fees for dedicated test environments and a free tier model for SAP Business Technology Platform, set to launch later in 2021.