What decoupling? Banking crisis shows global economy still tightly knit

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SAP Launches Cloud ERP Offering for Midsize Companies

Midsize companies are the growth engines of the future. But while they incubate the innovations and novel ideas that will change our world, they also struggle with many of the same business pressures as their larger counterparts. Midmarket leaders need flexible, agile tools to effectively manage their businesses and take them to the next level in an ever-changing, fiercely competitive, and often unpredictable market.

What we consistently hear is that a growing company needs the ability to scale without increasing costs and complexity. The last few years have also clearly shown how crucial agility is to any company’s success. In other words: growth cannot come at the expense of agility, and vice versa.

Whether a company has simply reached a point where its current technology or systems aren’t keeping up, or it has made a fundamental business model change — for example by shifting from selling products to selling a subscription service — at some stage, companies find they need to pivot to a more scalable and more capable solution. That is when they turn to cloud ERP.

SAP understands what it takes to help customers realize value from adopting cloud ERP. Based on our highly successful RISE with SAP offering, SAP is now launching a new offering for midsize customers to harness the proven benefits of cloud ERP: GROW with SAP.

Designed specifically to help midsize companies take full advantage of cloud ERP and all the benefits that cloud solutions offer, GROW with SAP gives customers the confidence that they will be up and running quickly with technology that allows them to keep growing effectively and efficiently.

For more than 50 years, SAP has worked hand in hand with customers across every industry to benchmark and define best-in-class industry-specific processes. With GROW with SAP, companies can immediately adopt these pre-configured, industry best practices, while embedded AI and automation capabilities enable customers to see rapid results in time and cost efficiency, not just effectiveness.

Every company has unique differentiators that cloud ERP can support. With GROW with SAP, we provide a business technology platform where customers can define their own apps and processes in a cloud-native way. Together with our partners, we have built thousands of unique processes for customers that work with SAP’s cloud ERP. And because we recognize that business experts know their business process needs best, we also enable them to create unique processes and create the solutions they need without having to write code.

Businesses require the agility to add new products, services, and customers — and they need a technology solution that can keep pace with their development. As a company that already supports the world’s largest enterprises, at SAP, we know that our cloud ERP can scale to support even the most extensive product lines, complex service offerings, and ambitious sustainability goals.

The GROW with SAP offering also features services and tools to streamline delivery at a fixed rate that delivers a technical go-live in as little as four to six weeks and gives customers the assurance of the rapid time to value they need. Midsize customers adopting GROW with SAP also have access to a global community of experts and free learning resources designed to ensure they see meaningful business results.

When it comes to exploring the options for an ERP system, it’s just as important to consider where you want your business to be as where it is today. And while GROW with SAP is tailored to the immediate needs of midmarket companies, it also provides the agility and innovation midsize companies need for success in years to come.

Today’s cloud ERP is designed for the growth companies, and we are excited to watch a new set of customers GROW with SAP.


Christian Klein is CEO and a member of the Executive Board of SAP SE.

GROW with SAP Brings Proven Cloud ERP Benefits to Midsize Customers

WALLDORF SAP SE (NYSE: SAP) today announced GROW with SAP, a new offering to help midsize customers adopt cloud ERP that enables speed, predictability and continuous innovation. GROW with SAP customers get the same best practices powering the world’s industry leaders, while benefiting from rapid deployment and frictionless updates.

“SAP’s ERP offering has long enabled end-to-end transparency across the business for the world’s leading companies. With GROW with SAP, we’re taking this to the next level for midsize companies, with a tailored offering that helps them grow their business,” said Christian Klein, CEO and Member of the Executive Board of SAP SE. “GROW with SAP provides the agility and innovation midsize companies need not just today, but for their success in years to come.”

For 50 years, SAP has been working hand in hand with customers across every industry and using this expertise to benchmark and define best-in-class, industry-specific processes. GROW with SAP provides these preconfigured best practices that midsize companies can immediately adopt. Embedded artificial intelligence (AI) and automation capabilities mean customers see rapid results. The GROW with SAP offering also brings together SAP S/4HANA Cloud, public edition, with accelerated adoption services, a global community of experts and free learning resources, helping customers go live in as little as four weeks.

GROW with SAP also includes SAP Business Technology Platform, so customers can define their own processes in a cloud-native way using SAP Build. With SAP Build solutions, business users can create enterprise apps, automate processes and design business sites without writing code, an important asset for those closest to the business who can create the solutions they need.

“When we develop a new product and we have it on SAP S/4HANA Cloud, public edition, with one push of the button, everyone sees the exact same prices, the localized naming, product data, sales for today and the expected sales next week. SAP S/4HANA Cloud, public edition, helps us get a complete picture of the stock, capacity and the delivery times, ensuring a more efficient business for RIHO and a better experience for our customers all over the world,” said Guy Claesen, CEO of RIHO.

IDC research shows that many midsize businesses find themselves growing rapidly and need their technology to grow with their business as they encounter the same issues related to global complexity as larger enterprise businesses.

“With GROW with SAP, SAP recognized they need to better fit the business and technology requirements of midsize companies looking for a cloud ERP solution,” IDC enterprise software group vice president Mickey North Rizza said. “This offering reengages the market with a refreshingly new opportunity to unlock the proven strength of SAP’s longtime understanding and leadership in the ERP space in the cloud.”

SAP’s global partner ecosystem will also engage with customers around GROW with SAP. Customers can have confidence with a trained set of skilled partners to support their needs.

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, 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.

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Partner Quotes: GROW with SAP

WALLDORF SAP SE (NYSE: SAP) today announced GROW with SAP, a new offering to help midsize customers adopt cloud ERP that enables speed, predictability and continuous innovation. GROW with SAP customers get the same best practices powering the world’s industry leaders, while benefiting from rapid deployment and frictionless updates.

For 50 years, SAP has been working hand in hand with customers across every industry and using this expertise to benchmark and define best-in-class, industry-specific processes. GROW with SAP provides these preconfigured best practices that midsize companies can immediately adopt. Embedded AI and automation capabilities mean customers see rapid results. The GROW with SAP offering also brings together SAP S/4HANA Cloud, public edition, with accelerated adoption services, a global community of experts and free learning resources, helping customers go live in as little as four weeks.

Read the following comments from SAP partners about their involvement.

AGILITA

“Midmarket customers who are not in the cloud know they are falling behind their competition,” said Sandra Voeller, CEO of AGILITA. “The passion and excitement of my role are to inspire them to go above and beyond and get ahead of the competition. We will see their confidence grow as we talk about preconfigured processes that incorporate best practices and how they can accelerate their innovation on a platform powered by development tools, templates and APIs.”

All for One Group SE

“Some customers think SAP is out of reach, so they are first surprised and then thrilled when we tell them we can deliver a program that provides a complete offering of solutions, services and community so they can move to Cloud ERP confidently and quickly,” said Horst Lambauer, managing director public cloud ERP, All for One PublicCloudERP.

Beyond Technologies 

“SAP combined three of its strongest assets into a powerhouse program to help customers move to the cloud,” said Alain Dubois, partner, chief marketing & business development officer, Beyond Technologies. “Our customers can scale their business with SAP S/4HANA Cloud. They can innovate with SAP Business Technology Platform. And the preconfigured best practice content – that’s 50 years of industry knowledge! – speeds up implementation and will give them a leg up on their competition. Well done, SAP.”

Cognitus Consulting

“I think GROW with SAP will be the tipping point for many businesses that are eager to change but have been waiting for a clear roadmap,” said Adam James, head of professional services practice, Cognitus Consulting. “And when you add the tools and methodologies, activation services and community support, moving to the cloud becomes irresistible.”

Delaware

“Businesses know that there are significant benefits from a move to the cloud, but uncertainty holds them back,” says Filip Decostere, partner, Delaware. “GROW with SAP shows customers we can meet their budget and business needs. When they see the components and services clearly mapped out, moving to the cloud will no longer feel like such a scary leap, but a controlled, step-by-step process. It’s the assurance that they’re in good hands that makes all the difference.”

NTT DATA Business Solutions

“Ask 100 customers what they need to move to the cloud,” said Jason Mausberg, managing director, NTT DATA Business Solutions Inc., Canada, “and 90% will say, ‘A predictable scope and timeframe.’ It’s often fear of the unknown that holds a company back from reaching its potential. We can help them level-up by delivering a proven deployment process with a platform that’s cost effective and scalable.”

Sapphire Systems 

“Midmarket organizations that are scaling rapidly are not just looking for a new system of record, they are looking for a transformational experience through class-leading technology and meaningful partnership,” said Steven Wright, chief commercial officer, Sapphire Systems. “SAP through its partner community are now uniquely placed to deliver this in a very cost-effective way through the GROW with SAP offering.”

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, 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.

For more information, press only:
Samantha Finnegan, +1 (415) 377-0475, samantha.finnegan@sap.com, ET
SAP Press Room; press@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.
© 2023 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 https://www.sap.com/copyright for additional trademark information and notices.
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.

Top SAP Partners in NZ Receive Excellence Awards

The German tech giant’s Partner Excellence Awards 2023 provided a platform to recognize the exceptional work of the top SAP Partners in New Zealand. SAP NZ recently held its inaugural Partner Excellence Awards, a special occasion that celebrated the outstanding achievements of the nation’s best-performing SAP partners. The awards cover six different areas, including excellence […]

The post Top SAP Partners in NZ Receive Excellence Awards appeared first on InsideSAP.

SAP a Leader in Procurement Applications

As procurement continues to elevate its role in solving today’s biggest challenges, procurement teams need proven applications that deliver continuous innovation, industry expertise, and a laser focus on user experience.

Long a leader in facilitating the transformation of procurement, SAP has also been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment.*

What’s most gratifying about this latest report is that SAP is being recognized for the significant progress we’ve made since the last IDC MarketScape for procurement applications, released in 2021. We’ve worked hard to evolve our vision, focusing on delivering a complete suite of solutions that enables our customers and their trading partners to manage spend with total visibility – while never losing sight of the people who use these solutions.

From sourcing and supplier networks to supplier relationship management, contract lifecycle management, spend analytics, procure-to-pay, and sustainability, SAP provides a full suite of solutions that help businesses solve problems at every point in the procurement process. And, as noted within the IDC MarketScape report, “SAP Ariba solutions are strongly positioned to help companies administer spend that spans complex events, direct and indirect, services, and CAPEX.”

The report also cites these strengths:

  • SAP Ariba is a mature, established, and trusted brand. Brand perception is high, and users expressed that the integration with SAP ERP and supply chain management products is a compelling feature.
  • The guided buying capability and the guided sourcing capability for SAP Ariba Sourcing were cited by all reference clients as extremely useful. One client reference even referred to the capabilities as “lovely.” SAP has continued to innovate in this space with multiple enhancements and next-generation offerings currently in the works.
  • SAP’s exceptional industry expertise, particularly in fields such as energy and natural resources, banking, chemicals, and automotive, is cited as a differentiator by multiple client references. SAP’s experience and offerings in the direct sourcing space drives significant buyer interest.

True to Our Roots

Procurement transformation is nothing new to SAP. It’s in our DNA. The electronic catalogs and material requirements planning processes that changed the game started here. Additionally, SAP Business Network has revolutionized the way goods are bought and sold. It is used by more buyers and sellers to connect and collaborate across procurement, supply chain, logistics, and asset management than any other network on the planet.

Committed to Innovation

For SAP, innovation is about assessing the business environment and listening to our customers, then responding with powerful tools to help them combat their business challenges. Building on an established, trusted product portfolio and clear road map, we continue to deliver innovations that help organizations address the procurement challenges of today and prepare for tomorrow.

Here are two procurement innovations we’re introducing this year, along with a sneak preview of an innovation we have in the works:

  • The next evolution of guided buying: The guided buying capability in SAP Ariba solutions is the gold standard for purchases of goods and services. Its next evolution provides a buying experience that is personalized for today’s professional and casual buyers and their roles. It is predictive, leveraging artificial intelligence to offer suggestions for specific work roles as well as intelligent recommendations to help them make the right decisions and weigh the sustainability and environmental impact of their decisions. Many of the capabilities will be included within the guided buying capability this year, as well as in future releases. Watch a demo.
  • A new category management solution: Today, category management consists of highly manual processes, leaving almost no time for category managers to develop or implement effective strategies. Our new category management solution, which we’ll roll out this year, provides actionable market intelligence and category insights. It empowers category managers and procurement professionals to make strategic category decisions for direct and indirect spending. Additionally, it offers intuitive scenario analysis to help visualize opportunities. Watch a demo.
  • Total spend reporting: While we can’t reveal too much right now, stay tuned to hear more about what we have in store to enable total spend visibility for your business.

Focused on Users

Every person across the procure-to-pay process has a different role to play. We’ve made it our mission to understand the needs and priorities of every user persona and to deliver unique, intuitive tools that each can use to reach their goals. For example, an employee doing material requirements planning (MRP) for the procurement of direct materials will have a different experience than someone purchasing a laptop or managing contingent labor.

Risk Management and Sustainability

Given the supply chain disruptions of the past few years, business leaders understand the importance of risk management. In fact, in a 2022 Economist Impact survey of 430 C-suite level executives sponsored by SAP, respondents said risk reduction was the second most important area to focus on to deliver increased value in procurement. In the same survey, nearly a quarter of the executives identified sustainability and environmental, social, and governmental (ESG) concerns among the top priorities for organizational risk.

Social responsibility legislation is only adding to the pressure. For example, Lieferkettensorgfaltspflichtengesetz (LkSG) is an act that took effect in Germany this year. It requires companies to report on the ability of their risk management system to address violations in their supply chain to the German government no later than April 2024.

Businesses need a single source of truth across the entire supply base to support risk-aware core processes. SAP innovations can help facilitate risk management and sustainability requirements with the newly enhanced SAP Ariba Supplier Risk solution and SAP Business Network, along with additional extensions to address company-specific requirements.

Delivering Solutions for the Future

Procurement has changed significantly in the last two decades. SAP is pleased to be recognized as a leader in driving this change, and we remain committed to delivering next-generation applications that help our customers transform their business for continued success.


Baber Farooq is senior vice president and head of Market Strategy for SAP Procurement Solutions.

*“IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment” March 2023, IDC #US48785722

Wall St ends higher as bank contagion fears ease, Fed eyed

March 21, 2023 4:14 AM

All of the major S&P 500 sectors were higher.

Younger consumers want to go green urgently. How can financial institutions help?

March 21, 2023 4:00 AM

One bank aims to meet consumer needs with solutions ranging from sustainable investing solutions on a digital platform to bio-sourced cards.

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