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Procurement Solutions from SAP Help Businesses Shift to New NormalWALLDORF, Germany, April 29, 2020 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that leading companies across the globe selected SAP® Ariba® and SAP Fieldglass® solutions to continue their digital transformation journeys, reducing risk, managing costs and getting work done while keeping supply chains intact to successfully navigate through the current economic upheaval. More Than 75 New Customers, 240 Renewals and 200 Go-Lives During the first quarter, hundreds of companies completed new implementations of SAP Ariba and SAP Fieldglass solutions, including these:
In response to supply chain disruption caused by COVID-19, SAP opened access to the SAP Ariba Discovery solution, allowing buyers to post immediate sourcing needs and permitting suppliers on Ariba Network to respond. Since the March 10 announcement, buyer postings and supplier responses increased by 58 percent and 404 percent respectively. More than 25,000 new suppliers joined Ariba Network in the first quarter, bringing the total number of companies connected to 4.8 million and providing organizations with more sourcing options as they adjust supply chains in this state of disruption. More than US$3.3 trillion in global commerce flows annually through Ariba Network. Concurrently, SAP Fieldglass solutions added nearly 1 million new workers. More than US$55 billion in spend on external workforce flows annually through SAP Fieldglass solutions. "Together with our customers and partners, we are navigating this new normal," said SAP Procurement Solutions President Chris Haydon. "We will continue to break down barriers in matching supply with demand and give customers the visibility they need to make informed decisions faster so their businesses, and the global economy, continue to move forward." The SAP Procurement Solutions group includes SAP Ariba, SAP Fieldglass and SAP S/4HANA®-based offerings for operational procurement, delivering a comprehensive suite for goods and services procurement and external workforce management. SAP Ariba solutions provide collaborative commerce capabilities from sourcing and orders through invoice and payment along with expertise to help customers optimize their spend. The solutions drive simple, intelligent exchanges between millions of buyers and suppliers across both direct and indirect expense categories. SAP Fieldglass solutions are market leading for external workforce management and services procurement, helping global organizations ?nd, engage and manage all types of ?exible resources including contingent workers and services providers. SAP Fieldglass solutions connect customers with approximately 6.7 million active external workers. For more information, visit the SAP News Center. Follow SAP on Twitter at @sapnews. About SAP As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77 percent of the world's transaction revenue touches an SAP system. 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 more than 440,000 business and public customers 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. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. © 2020 SAP SE. All rights reserved. For customers interested in learning more about SAP products: 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 [email protected] and write Unsubscribe in the subject line.
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