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WALLDORF — SAP SE, rated A1 (stable) by Moody’s and A+ (stable) by S&P Global, successfully completed a Eurobond transaction with a total volume of €3.5 billion across four tranches with tenors of two, three, five and seven years. The net proceeds from this transaction are used for general corporate purposes, including (re)financing of recently announced acquisitions.

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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 2025 Annual Report on Form 20-F. 
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With 34 German national soccer league championship wins in its 125-year history, FC Bayern Munich is one of the largest and most successful sports clubs in the world. It has built a massive global audience, with more than 200 million social media followers, up to 75,000 spectators in attendance at every men’s league home match, and a growing fan base for its other teams, including women’s soccer and men’s basketball.

Keeping FC Bayern at the top is no mean feat, and the action on the pitch is supported by a global administrative team of over 1,200, in addition to the thousands of operational staff who work to deliver a seamless experience to the fans who fill the Allianz Arena for each home match. The focus on match-day operations encompasses everything from security to ticketing to retail, as well as managing one of the largest parking garages in Europe, which accommodates up to 12,000 cars that must enter and exit within a few hours.

FC Bayern’s match-day operations generate a staggering volume of data, but capturing and making sense of every fan interaction—both in the stadium and among the hundreds of millions tuning in worldwide—was becoming a herculean undertaking. Fan data was siloed in more than 50 legacy systems, creating a fragmented information landscape that hindered FC Bayern’s ability to understand and serve its legions of fans.

Thankfully, a club that has been in the business of winning for over a century is no stranger to innovation.

Game plan: data

Dominik Winter, head of Development and Process for FC Bayern Munich, captured the club’s challenge in a nutshell: “Everything needs data.” Everyone from the firefighters and police who supported match days to the IT teams and retail staff “needed data, and everyone needed the same perspective on the data,” Winter explained.

But the club’s data was sprawled across dozens of siloed systems, each tied to different vendors and service providers. And when it came time to make crucial match-day decisions, team members had to rely on analog, piecemeal methods of sharing information—often through SMS and radio. As a result, no one ever had the same information at the same time.

FC Bayern needed to harness its vast amount of information with a single, integrated system that provided a unified, 360-degree view.

From silos to a streamlined system

The storied sports club has enjoyed a partnership with SAP dating back more than a quarter of a century. Therefore, SAP Business Technology Platform (SAP BTP) was a natural fit for the next step in the club’s digital journey. The platform includes SAP Integration Suite to help capture and combine data from disparate sources and systems, including both SAP and non-SAP systems. This newly integrated data landscape provides a single source of truth across the organization, enabling real-time data analytics that not only streamline match-day operations and optimize the fan experience on-site but also provide invaluable insights to fuel long-term strategic planning.

For example, Winter explained, the club now has access to an up-to-the-minute, “high-level” overview of FC Bayern fans—”how they behave, what they’re interested in, how old they are, whether they buy jerseys, whether they only go to soccer matches, whether they are already interested in basketball,” and more—that has facilitated a much deeper understanding of fans, not only on the individual level but also across the entire fan base.

Forecasting the future

With a solid, integrated data foundation established, FC Bayern is looking ahead and will be adding AI to its technology line-up to maximize the value of its data across the organization, from amplifying process efficiency to developing robust, data-informed predictive capabilities.

For organizations looking to undertake their own digital transformations, Winter advised to not put the cart before the horse: “To use AI, you need to have good data.” And while Winter cautioned that every organization’s process is unique, he recommended listening as a good first step for everyone: “Talk to your users. What are their problems? What do they need to know? What processes are they trying to optimize?”

While the journey is not always easy, FC Bayern knows that winning is always worth the effort.

For the full FC Bayern Munich episode and the on-demand Better Together: Customer Conversations series, visit sap.com/btp.

Timo Elliott is the vice president and global innovation advocate for SAP BTP at SAP. 

Top photo courtesy of FC Bayern München AG

WALLDORF, Germany — February 26, 2026 — SAP SE (NYSE: SAP) today announced that it has filed the SAP Annual Report on Form 20-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission (SEC), and it is accessible online at https://www.sap.com/docs/download/investors/2025/sap-2025-annual-report-form-20f.pdf. SAP also announced that the SAP Integrated Report 2025 is now available and accessible online at https://www.sapintegratedreport.com.

You can access PDF versions of the SAP Integrated Report 2025 and the SAP Annual Report 2025 on Form 20-F at our Investor Relations website https://www.sap.com/investor. A hard copy of the audited consolidated financial statements can also be requested free of charge by sending an email to investor@sap.com or via phone +49 (6227) 7-67336.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

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Meet your new process companion! Joule with SAP Signavio solutions is now generally available, helping users, analyze, and manage business processes using natural language.

Joule is an AI solution that turns siloed data and tasks into intelligent, connected workflows that help improve decisions, speed up end-to-end processes, and create a unified AI experience across SAP and non-SAP systems. With AI agents for all core functions, powered by SAP business process expertise, an AI strategy scales faster and wider.

In this context, the unique value of combining Joule with SAP Signavio is the powerful combination of deep process context from SAP Signavio and orchestration across SAP applications, including but not limited to SAP S/4HANA, SAP Business Technology Platform (SAP BTP), and SAP SuccessFactors solutions.

After months of successful collaboration with customers in the SAP Early Adopter Care program, this launch marks a major step toward delivering a conversational experience, making it easier than ever to explore, understand, manage, and transform processes with SAP Signavio solutions.

But how does this work in practice? Let’s look at an example.

Joule in action

Imagine accessing SAP Signavio Process Collaboration Hub, an organization’s single source of truth for process alignment, in order to understand more about a particular process, order-to-cash. What once might have taken hours of investigation can now happen in minutes through a simple conversation.

Asking Joule, “Who is the process owner of the order-to-cash process?” prompts Joule to suggest the process that most closely matches the query, then retrieve the owner information from the process diagram attributes. 

Following up with “Provide me with a description of the process flow” means Joule skills convert the process visual into a clear process description. You can dive deeper into the process as well, perhaps by comparing the difference in process execution in different regions. Just ask, and Joule skills provide a textual summary that highlights the key differences between the two process models.

Joule offers a connected user experience across SAP and non-SAP systems, allowing employees to ask questions and interact with Joule from anywhere. In other words, while working in SAP Signavio, users can interact with data and capabilities from other systems, or while in other systems, users can access SAP Signavio capabilities.

Simple and seamless

This connectivity and seamless access is designed to simplify day-to-day tasks in multiple ways, and Joule with SAP Signavio offers skills across three use cases: informational, navigational, and transactional. Plus, additional analytical capabilities are planned for future releases. As a summary, these use cases—or interaction patterns—comprise the following:

• Informational: Joule acts as an intelligent assistant, helping users understand how to perform specific tasks or generating a textual comparison between processes. For example, ask Joule: “What’s the difference between draft and published process models?” or “How can I set up a dashboard?”
• Navigational: Joule simplifies content navigation across SAP Signavio solutions and guides users through the SAP Signavio Process Collaboration Hub to access various assets such as process and journey models, and value accelerators. For example, prompt Joule: “Open the Order-to-Cash process model published for EMEA” or “Find accelerators for the Financial Process”
• Transactional: Joule enables users to perform actions conversationally, such as creating and deleting assets within the SAP Signavio Process Transformation Suite, including processes, journey models, and dictionary items. For example, tell Joule: “Create a new dictionary term and link it to the Returns process.” or “Delete the journey model called Sales Process.”

Unlocking value with agentic AI

Right now, Joule works across SAP applications as a process companion, meaning that SAP Signavio process context and intelligence is accessible to the user across all Joule-compatible applications, including, among others, SAP S/4HANA, SAP SuccessFactors solutions, and SAP BTP. But this is just the beginning.

SAP is developing Joule Agents embedded into every business function and accessed with role-based assistants, which use SAP’s process expertise to automate complex workflows and deliver AI value at scale. Joule Agents for SAP Signavio solutions can help accelerate content discovery and process analysis, create value cases, and enhance user onboarding.

The age of AI brings an expectation of immediate insights and context-based support when and where you need it, and Joule with SAP Signavio solutions means process navigation and execution is no exception.

For clearer decision-making, seamless integration, and enhanced automation, visit the Joule capabilities page to learn how to activate Joule and get your own conversation started.

Lucas de Boer is Global Marketing program lead for SAP Signavio.