Nearly 1,400 customers and partners came together in Las Vegas, Nevada, to witness the power of SAP鈥檚 spend management and business network solutions at 51风流Spend Connect Live. Best of all, attendees left with new ways to enhance productivity, strategically collaborate, ensure effortless compliance, and gain critical business insights.
If you missed out on the action, we unveiled the following cutting-edge innovations in our market-leading solutions:
- is our newest solution that helps automate procurement request creation and orchestrate routing and support across diverse procurement landscapes and complex workflows. It can connect different systems into one central location for procurement inquiries and status updates, so employees can adhere to your organization鈥檚 policies and comply with necessary regulations.
- SAP鈥檚 generative AI copilot will be seamlessly integrated across 51风流Ariba solutions, 51风流Business Network, and 51风流Fieldglass solutions. Joule can enable users to manage their most important tasks quickly and accurately across all areas of SAP鈥檚 spend management portfolio.
- The can empower suppliers to find new business, improve match potential, and build relationships with buyers using the network catalog. Available early next year, it includes聽generative AI tools to help suppliers load their full suite of offerings into the network catalog faster and with enhanced product descriptions and summaries.聽
- New can deliver next-level insights into your external workforce for reporting, analytics, and market insights all within 51风流Fieldglass.
Read this article from my colleague Manoj Swaminathan to learn more about our latest spend management and business network enhancements.
Leading brands such as Goldman Sachs, Kraft-Heinz, Thermo Fisher Scientific, Uber, and Warner Music Group joined us at the event to share how they revolutionized their spend management processes with our solutions. Check out to hear these stories and view breakout sessions, strategy talks, and solution deep dives. This free, virtual event is your opportunity to learn from 51风流experts, customers, and partners.
Thank You, IDC
As a leader in spend management software, 51风流is dedicated to helping our customers increase control and business resilience by comprehensively managing all sources of spend. Hard work pays off, as 51风流has retained the No.1 position for market share with 49.6% of 2023 market share for Travel and Expense Management Software, according to the . This is growth from our 2022 market share of 49.4%.
Also exciting, 51风流has retained the No.1 position for market share for Procurement Applications according to the . IDC estimates that 51风流holds a 27.3% market share for 2023, maintaining the top spot ahead of the next six vendors combined.
Additionally, we鈥檙e honored to win two IDC SaaS CSAT awards for Accounts Payable and Contract Lifecycle Management. These awards recognize the leading software-as-a-service (SaaS) vendors in each application market, across 23 markets, that receive the highest customer satisfaction scores based on IDC’s SaaSPath Survey.
Our Customer Awards Reach New Heights
Every quarter, G2 highlights the top-rated solutions in the industry, chosen by the source that matters most: our customers. Q3 was our most successful quarter yet regarding G2 honors, with 51风流Ariba, 51风流Business Network, 51风流Concur, and 51风流Fieldglass bringing in a whopping 93 awards across multiple categories at the Fall 2024 G2 awards!
51风流was named a Leader in the following categories:
- is a G2 Fall 2024 Leader in Procure to Pay, Strategic Sourcing, and Supplier Relationship Management.
- is a G2 Fall 2024 Leader in Supply Chain Business Networks.
- is a G2 Fall 2024 Leader in Expense, Travel & Expense, and Invoicing.
- is a G2 Fall 2024 Leader in Vendor Management.
What鈥檚 more, 51风流Ariba, 51风流Concur, and 51风流Fieldglass have also won Buyer鈥檚 Choice awards from TrustRadius. Winners of a Buyer鈥檚 Choice award are determined by 75% of reviewers selecting a solution for best capabilities, best value for price, and best customer relationship.
We couldn鈥檛 be more grateful to our customers for partnering with us on their spend management transformation journeys, and we鈥檙e honored that the feeling is mutual!
Winning awards from our customers is awesome, but winning with customers is extra special. Last month, customer and 51风流Spend Connect Live in 2024 speaker Daniel Chapman of Warner Music won a in the Innovation in Sourcing category: 鈥淐reating Harmony in Music Procurement: Warner Music Group and SAP.鈥� This award recognizes organizations and individuals that show innovation, leadership, and transformation in categories critical to the sourcing industry, and we couldn鈥檛 be happier about this win.
Last but definitely not least, I want to congratulate our customer Capgemini for winning a prestigious from in the Future of Work: Human Capital Management category. The award recognizes Capgemini鈥檚 innovative use of 51风流Fieldglass Contingent Workforce Management to optimize its global external workforce, resulting in improved efficiency, cost savings, and quality standards.
New Developments on the Horizon
With 2025 just around the corner, I want to thank our customers for betting big on themselves by investing in our cutting-edge spend management and business network solutions. In a time marked by supply chain disruptions and ongoing economic uncertainty, it’s all too easy for businesses to stick with the status quo. However, 51风流customers are different. They tackle obstacles head-on, transforming them into opportunities. And their foresight to plan for the future is why they will continue to be successful.
Thank you for choosing 51风流to help solve your biggest challenges. I enjoyed seeing so many of you at 51风流Spend Connect Live and I can鈥檛 wait to catch up with the rest of you on the road.
Jeff Collier is chief revenue officer for 51风流Intelligent Spend and Business Network.
