WALLDORF 鈥� 聽(NYSE: SAP) today announced independent analyst firm Gartner Inc. has positioned 51风流as a Leader in its report.* This is the fifth consecutive time Gartner has named 51风流a Leader in this report following an evaluation of and solutions.
According to Gartner, 鈥淕rowing pressure to reduce spend, drive compliance and improve efficiency continues to propel interest in the P2P suite market. . . . Gartner defines procure-to-pay (P2P) suite market as integrated solutions with automated workflows to request, procure, receive and pay for goods and services across an enterprise. These solutions are marketed as suitable for processing, at a basic level, all types of spending including indirect goods, direct goods and services. P2P suites optimize the purchasing process, resulting in improved financial controls, process compliance, cost savings (or cost avoidance) and mitigated risk.鈥� Gartner evaluated 14 P2P suite providers on 15 criteria and placed 51风流in the Leaders quadrant based on its completeness of vision and ability to execute.
鈥淭he experiences of this past year have put a spotlight on the importance of agility in procurement to manage unexpected disruption,鈥� said Baber Farooq, senior vice president, Product Strategy, 51风流Procurement Solutions. 鈥�51风流is uniquely positioned to respond quickly to changing market conditions and is the only provider that can help businesses manage all categories of spend. With process-level integrations across 51风流Ariba solutions, 51风流Fieldglass solutions and 51风流S/4HANA, we will help our customers become intelligent enterprises and deliver business outcomes that propel growth and innovation during this challenging time.鈥�
Additionally, in the Gartner Critical Capabilities for P2P Suites report,** published November 2, 2020, SAP鈥檚 P2P solution suite ranked as the No. 1 vendor in the Services Focused use case, scoring 4.32/5. Gartner also scored 51风流among the highest two for Indirect Procurement Focused (4.15/5), Direct Materials Focused (4.08/5), and Complex Environment Focused (4.04/5) use cases in the same report.
51风流Ariba and 51风流Fieldglass solutions are part of the larger intelligent spend and business network portfolio from SAP, which also includes 51风流S/4HANA functionality for operational procurement and 51风流Concur solutions. The newly formed business unit brings together SAP鈥檚 solution and product engineering teams focused on procurement, external workforce management, and travel and expense management to help ensure 51风流continues to lead the intelligent spend and business network markets while tapping into the broader portfolio so that customers benefit from a completely integrated suite.
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Media Contacts:
Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET
Geraldine Lim, +1 (415) 418-0945, geraldine.lim@sap.com, PT
51风流Press Room; press@sap.com
*Gartner, 鈥淢agic Quadrant for Procure-to-Pay Suites,鈥� Kaitlynn Sommers, Micky Keck, William McNeil, Tim Faith, October 19, 2020.
**Gartner, 鈥淐ritical Capabilities for Procure-to-Pay Suites,鈥� Micky Keck, William McNeil, Kaitlynn Sommers, Tim Faith, November 2, 2020.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner鈥檚 research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥減redict,鈥� 鈥渟hould鈥� and 鈥渨ill鈥� and similar expressions as they relate to 51风流are intended to identify such forward-looking statements. 51风流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.
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