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SAP SE, a German multinational software giant, is headquartered in Walldorf, Baden-Württemberg. Founded in 1972 by former IBM employees, SAP SE revolutionizes enterprise software, specializing in enterprise resource planning (ERP) solutions that streamline business operations and customer relations. Today, SAP stands as the world's leading ERP software vendor, serving 440,000 customers across 180 countries, with a significant portion of its clientele being small to medium-sized enterprises.
SAP’s core mission is to help businesses manage operations efficiently and sustainably. The company offers a range of products including SAP S/4HANA, SAP Business Network, and SAP SuccessFactors, leveraging cutting-edge technologies such as machine learning, IoT, and advanced analytics. These solutions transform traditional business processes, enabling companies to become intelligent enterprises.
Recent Achievements and Projects:
- Wind Energy Initiative: SAP has collaborated with Vestas, a major wind turbine manufacturer, to enhance quality control and supply chain efficiency through SAP Business Network. This initiative addresses complex supply chains and quality assurance, contributing significantly to the renewable energy sector.
- Annual Reports: SAP recently filed its Annual Report on Form 20-F for 2023, available online, detailing social, environmental, and financial performance.
- AI Advancements: SAP has introduced AI-driven innovations to enhance supply chain solutions, helping companies mitigate disruptions and improve manufacturing efficiency.
- Cloud Partnerships: New partnerships with Moro Hub and Randoncorp underscore SAP's commitment to boosting enterprise cloud adoption and sustainability.
- Acquisition of WalkMe: SAP announced plans to acquire WalkMe, enhancing user adoption and workflow efficiencies across its applications.
Financial Health: SAP’s financial outlook for 2024 remains strong, with substantial growth in cloud revenue and a robust start to the year. The company’s cloud backlog reached an all-time high, reflecting its successful transformation strategy and focus on AI and cloud solutions.
Partnerships and Collaborations: SAP continues to forge strategic alliances with technology leaders like Google Cloud, Meta, Microsoft, and NVIDIA, pushing the boundaries of AI and cloud services. These collaborations aim to deliver innovative solutions that drive real-world results and sustainability.
As a global leader in enterprise applications, SAP helps organizations worldwide operate profitably, adapt continuously, and make a significant impact. For more information, visit SAP's official website.
SAP has updated its 2020 business outlook due to muted recovery in demand amid reintroduced lockdowns. Expected non-IFRS cloud revenue has been revised down to €8.0-8.2 billion from €8.3-8.7 billion, while total revenue is now projected at €27.2-27.8 billion, reduced from €27.8-28.5 billion. Operating profit expectations remain at €8.1-8.5 billion. Despite these challenges, SAP has raised its cash flow outlook to €6.0 billion, up from above €5.0 billion. The company is also adjusting its mid-term goals, projecting more than €22 billion in cloud revenue by 2025, impacted by COVID-19 and currency fluctuations.
SAP SE (NYSE: SAP) announced an expansion of its industry cloud solutions portfolio to include retail, professional services, and industrial machinery and components (IM&C). These solutions, designed for specific industry needs, utilize intelligent technologies like AI and advanced analytics. This initiative aims to help businesses adapt to changing environments and drive profitable transformation. Additionally, SAP emphasizes the importance of partnerships in enhancing innovation and developing new applications tailored for these industries.
SAP SE (NYSE: SAP) has risen to No. 18 in Interbrand's Best Global Brands 2020 report, gaining two spots due to its effective response to the COVID-19 pandemic. The company’s brand value increased by 12% to approximately US$28 billion, surpassing the 9% growth of the overall top 100 brands. SAP was recognized for its contributions across 25 industries, providing solutions amid pandemic disruptions. This ranking reflects SAP's commitment to empathy and agility, positioning it alongside major technology firms like Apple and Amazon.
SAP SE (NYSE: SAP) has launched the SAP Customer Data Platform, aiming to transform customer experiences across various engagement touchpoints, including marketing, sales, and service. Announced at the SAP Customer Experience LIVE event on October 14, 2020, this platform integrates data from multiple sources to provide a unified view of customers. Key features include data connectivity, stringent privacy protocols, real-time analytics, and hyperpersonalization capabilities, addressing brands' needs for enhanced customer engagement and loyalty.
On October 13, 2020, SAP SE (NYSE: SAP) announced that IDP Education implemented SAP Ariba and Concur solutions to enhance its procure-to-pay processes globally. This digital transformation has led to a significant increase in procurement efficiency, resulting in A$5 million in cost savings, equating to 5% of IDP’s addressable spend. In the first phase since June 2019, IDP has created over 4,100 purchase orders and submitted 4,900 expenses. The partnership aims to streamline procurement, improve supplier collaboration, and enable data-driven decision-making.
SAP SE announced the milestone of surpassing 4,000 customers for its SuccessFactors Employee Central, a leading core HR solution. This growth reflects SAP's commitment to delivering flexible and intelligent HR solutions that enhance employee experience. The platform supports 42 languages and is localized in 99 countries, catering to global business needs. Notable companies such as Continental AG and Whirlpool Corporation utilize this solution, emphasizing its importance in modernizing HR processes. SAP continues to innovate, adapting to evolving business environments.
SAP SE has launched a new mobile app named Sail Insight in partnership with the Sailing Yacht Research Foundation to enhance the sailing experience for users globally. The app allows sailors to create and manage races while providing real-time data and analytics to improve performance. Available on iOS and Google Play, the app will be free for 2020, transitioning to a subscription model in 2021. Endorsed by World Sailing, this initiative aims to make sailing data more accessible, benefiting sailors, coaches, and fans alike.
SAP SE (NYSE: SAP) has launched the 5 & 5 by '25 initiative, aiming to direct 5% of its addressable spend towards social enterprises and diverse suppliers by 2025. This initiative, announced at the Procurement Reimagined event in Singapore, seeks to inspire global organizations to purchase from suppliers who contribute positively to society. SAP estimates that this could lead to USD 60 million directed annually towards such businesses. The initiative connects with the broader goal of social procurement to address pressing social and environmental issues.
SAP SE (NYSE: SAP) announced that TAFE NSW, a major Australian vocational education provider, is now using the full suite of SAP Ariba solutions to modernize and centralize its procurement processes. This digital transformation aims to improve efficiency and compliance while managing over A$500 million in spending. TAFE NSW expects to save up to A$33 million over the next few years. The rollout, part of a larger effort including SAP Fieldglass and SAP Concur, has already increased purchase order compliance to 93% and straight-through processing from 2% to 44%.
SAP SE (NYSE: SAP) announced the acquisition of Emarsys, a leading omnichannel customer engagement platform, enhancing its Customer Experience portfolio. This strategic move aims to facilitate hyperpersonalized digital commerce experiences in real-time, integrating customer engagement data with back-office capabilities. Emarsys has over 1,500 customers globally. The transaction's closure is expected in Q4 2020, pending regulatory approval. SAP's CEO, Christian Klein, emphasized the importance of integrating front-office data with customer feedback to provide an unmatched customer journey.