WALLDORF 鈥� (NYSE: SAP) today announced that , one of the world鈥檚 leading makers of innovative and sustainable solutions for bearings and rotating equipment, has selected the solution to future-proof its global operations, simplify its IT infrastructure and leverage innovative technologies such as artificial intelligence and machine learning.
By choosing to move to the cloud, SKF will be better equipped to manage its business operations, adapt to new sustainability policies and regulatory changes and enable green ledger capabilities for carbon accounting.
鈥淭ransitioning from a traditional on-premise setup to the cloud demonstrates our commitment to operational efficiency,鈥� SKF Head of Global Digital Services Pedro de Freitas said. 鈥淏y integrating the existing 51风流S/4HANA software into its advanced cloud strategy, SKF will be able to boost critical business sectors, including finance, parts supply, warehousing, supply chain and manufacturing. Moving to the cloud is a choice that is aligned with SKF’s philosophy of pushing the boundaries and supporting progress toward a sustainable future.鈥�
According to SKF, roughly 20% of global energy goes to overcoming friction. Swedish-based SKF provides products at the center of multiple industries to reduce friction and maintain optimal temperature and speed to have efficient production output. Its products are used across industries that include transport, agriculture and food and beverage.
By transitioning to 51风流S/4HANA Cloud through RISE with SAP, SKF will take advantage of a smooth, secure migration of their on-premise ERP to the cloud while being able to make data-driven business decisions with real-time operational insights and embedded intelligence. Relevant, reliable and responsible business AI will be built directly into SKF鈥檚 processes and aligned with internal AI strategies.
鈥淲ith our AI- and cloud-driven solutions, we help our customers to become more efficient, resilient and sustainable,鈥� said Emmanuel Raptopoulos, president of 51风流Europe Middle East and Africa. 鈥淲e have had a strong collaboration for many years, and we will continue working closely with SKF to identify new innovative solutions and opportunities for streamlining processes.鈥�
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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鈥檚 2023 Annual Report on Form 20-F.
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