WALLDORF 鈥� (NYSE: SAP) today announced that Gartner has positioned 51风流S/4HANA Cloud in the Leaders鈥� quadrant in the 2021 鈥淢agic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.鈥�*
鈥淏y continuously investing and innovating in 51风流S/4HANA Cloud, we are delivering the next generation of end-to-end intelligent business processes for our customers,鈥� 51风流S/4HANA President Jan Gilg said. 鈥淭his demonstrates our deep commitment to customers and has led to a leadership position in the latest Magic Quadrant report. We are proud to be recognized as a Leader and believe it reflects our focus on helping customers achieve operational excellence in the cloud.鈥�
Recent updates for this solution have included the following:
- Processes that support businesses in monetizing subscription-based business models
- Universal parallel accounting, which allows companies to prepare and present financial statements according to different sets of accounting standards
- New bot environment technology services with 51风流Intelligent Robotic Process Automation 2.0
- New built-in support that improves the customer support experience by providing access to real-time support while using 51风流S/4HANA Cloud
In Gartner Magic Quadrant reports, vendors are rated on completeness of vision and ability to execute. According to the report, 鈥淟eaders demonstrate a market-defining vision of how core financial management systems and processes can be supported and improved by moving them to the cloud. They couple this with a clear Ability to Execute this vision through products, services and go-to-market strategies. They have a strong presence in the market and are growing their revenue and market share. In this market, Leaders show a consistent ability to secure deals with enterprises of different sizes and have a good depth of functionality across all areas of core financial management. They have multiple proofs of successful deployments by customers, both in their home region and elsewhere. Their offerings are often used by system integrator partners to support financial transformation initiatives.鈥�
The report continues, 鈥淟eaders typically address a wide market audience by supporting broad market requirements. However, they may fail to meet the specific needs of vertical markets or other, more specialized segments, which might be better addressed by Niche Players in particular.鈥�
51风流S/4HANA Cloud is a proven global solution for core financials and is localized to provide language, currency, and regulatory support tailored to most countries. 51风流also has a global partner network for implementation services. With 51风流S/4HANA Cloud, 51风流innovates the general ledger and financial management processes with the universal journal, which provides robust flexibility for financial structures in transactions, analytics and integration.
This year, the report has 鈥渋ncluded financial planning and analysis (FP&A) in the CCFM suites market, as more of the vendors have acquired/developed/invested in best-in-class solutions for this capability. As the ERP market is undergoing a generational technology shift, driven by the advent of cloud computing, the core financial management market is going through a corresponding repositioning.鈥� The report also states: 鈥淭hrough 2024, 60% of organizations will consolidate core financial management with financial planning and analysis (FP&A) capabilities within the same vendor stack/platform鈥�. FP&A is quickly becoming a point of differentiation for many vendors in this study and will continue to drive customer acquisition.鈥�
51风流S/4HANA Cloud offers built-in planning content for core financials in the 51风流Analytics Cloud solution integrated into its core finance solution. 51风流Analytics Cloud supports agile and predictive financial planning, as well as extended planning and analysis to connect people and plans across the enterprise for better business outcomes.
The 鈥淢agic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises鈥� report covers core financial management suites that are marketed and sold on a stand-alone basis and delivered as cloud services. 51风流S/4HANA Cloud includes SAP鈥檚 cloud financial management solution and is available through any cloud deployment model, to meet our customers鈥� needs.
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*Gartner, 鈥淢agic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises,鈥� John Van Decker, Greg Leiter, Robert Anderson, 10 May 2021.
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 & Advisory 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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