Sap Se Stock Price, News & Analysis

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.

SAP SE announced a successful implementation of SAP S/4HANA and other solutions by Terumo Americas Holding in response to the COVID-19 pandemic. This digital transformation aims to unify operations and enhance service delivery in healthcare. The project was completed on time and under budget, complying with regulatory standards while training over 1,500 employees. The implementation enables real-time data integration across supply chains and improves inventory management for healthcare customers, setting the stage for further global operational expansion.

SAP SE (NYSE: SAP) will participate in the Citi 2020 Global Technology Virtual Conference, featuring CFO Luka Mucic on September 8, 2020, at 6:35 pm CEST. A live webcast and replay will be accessible via SAP's Investor Relations website. SAP leads in enterprise application software, facilitating businesses in becoming intelligent enterprises through advanced technologies like machine learning and IoT. SAP aims to enhance operational efficiency for organizations globally.

SAP SE announced the appointment of Sabine Bendiek, former Microsoft Germany Management Board Chairwoman, to the Executive Board as Chief People Officer and Labor Director starting early 2021. Bendiek will lead SAP's Human Resources and strategy to attract top talent while fostering a culture of inclusion and agility. She will also assume the role of Chief Operating Officer in mid-2021, becoming SAP's first to hold both positions. Bendiek has a strong track record in digital transformation, overseeing a 50% cloud growth at Microsoft Germany in 2020.

SAP SE (NYSE: SAP) announced that companies like Cynosure LLC and FMC Corporation have adopted SAP SuccessFactors solutions amidst the global pandemic. Over 400 organizations went live with these solutions in the first half of 2020. Jill Popelka, president of SAP SuccessFactors, emphasized the importance of prioritizing employee experience, with 43% of Fortune 500 companies utilizing these solutions to navigate business challenges effectively.

Vistex, Inc. announced an equity investment from SAP SE on August 4, 2020, enhancing their 16-year partnership. This investment aims to accelerate innovation within SAP's ecosystem, benefiting customers with improved solutions. Vistex's software manages essential business processes including pricing and incentives, and integrates with SAP Business Suite and SAP S/4HANA. The companies aim to enhance cloud solutions and provide significant continuity for customers. This partnership reflects SAP's commitment to its partner network, poised to drive further customer success.