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Perhaps what we鈥檙e experiencing is something business leaders have known for years: uncertainty and disruption are the constant. It鈥檚 how we deal with them that sets us apart.

As we approach 2023, the same questions linger: How long will inflation continue? Will there be a recession?

Unfortunately, it鈥檚 difficult to find clear answers. For example, The Wall Street Journal recently reported , which should eventually lead to lower prices. But on the same day, it also reported — more ominously — that the globalized supply chain continues to .

With global supply chains remaining dynamic and perpetually susceptible to disruption, where does this leave us? If the past few years were focused on responding and surviving, 2023 looks to be the year when business leaders leverage proven technology to build long-term resilience for their organizations.

We asked our leaders for their perspective on this as well as what they expect in 2023. Here鈥檚 what they had to say.

鈥淒uring the last two years of continuous disruptions, companies were forced to realize the necessity of supply chain visibility. As companies shift to building more proactive strategies, they will make plans to adopt new technology to achieve such visibility, helping them build resiliency within their organization. User experience will also remain a top priority for companies, allowing employees to accomplish the tasks they need across their spend management applications. As we look ahead, data insights and intelligence will also play a significant role in helping end users do their jobs more effectively to deliver more value to an organization. Skill shortages will remain a concern among many industries; however, finding, onboarding, developing, and retaining talent are what will differentiate the successful organizations from the ones that aren鈥檛.鈥�

– , President and Chief Product Officer,
Intelligent Spend and Business Network, SAP

鈥淕iven the supply chain challenges we continue to experience, businesses will most certainly continue to digitalize spend management processes and leverage business networks to increase supply chain collaboration, to improve organizational agility, and to gain real-time business insights. The other side of this coin is people. Thinking about how to avoid the ongoing talent crisis and build a workforce of longevity, we will see more businesses focus on nurturing their employees to retain good talent. They will enhance the workforce by upskilling existing talent to meet employees鈥� desire for career growth while also meeting evolving business expectations. Businesses will attract early talent to the workforce by enticing them to make a difference in the world by helping to solve the next generation of problems. This will require businesses to continue to drive clarity on their mission and purpose. Last, but certainly not least, businesses will maintain focus on including diverse perspectives to ensure they are delivering the strongest strategic decisions that can only come from diversity and inclusion. If an organization cannot deliver on the above expectations, they will inevitably be less competitive in the market for top talent and a resilient workforce.鈥�

– , Chief Marketing and Solutions Officer,
Intelligent Spend and Business Network, SAP

鈥淎s we approach 2023, it鈥檚 clear that the world鈥檚 business leaders will continue to grapple with economic, political, and environmental uncertainty. The good news is that dealing with uncertainty does not mean operating our businesses blindly. Digitalized procurement processes, data visualization, and business networks have ushered in a new era of visibility, collaboration, and strategic decision-making. With the right technology, procurement and supply chain professionals have access to an integrated view of total spend across their enterprise and deep visibility into their supply chain. This enables improved inventory management, predictable lead times, more efficient sourcing of supply, and cost savings. It also helps them tackle some of their most complex challenges, like achieving sustainability compliance and building long-term resilience for their business.鈥�

– , Chief Revenue Officer,
Intelligent Spend and Business Network, SAP

“Over the last few years, workers and employers alike have come to see the huge upside of leveraging a flex workforce. Even pre-pandemic, workers were looking for a different experience, one that offered flexibility and the opportunity to try new things. Temporary workers have proven they offer an effective way to address staffing and skill gaps, control costs, and manage the overall workforce more effectively. This year an found that 50% of organizations surveyed plan to increase their use of external workers. My prediction for 2023 is that businesses will continue to build on the efficiencies of the temporary workforce. They鈥檒l leverage coupled with freelance management systems and direct sourcing providers to find, engage, and manage external workers — both contract and contingent — enabling them to streamline recruiting, contracting, onboarding/offboarding, and security.”

– , Chief Technology Officer,
, SAP

鈥淚n 2023, the 51风流Business Network team will strengthen its commitment and partnership with customers to achieve supply chain transparency, resiliency, and sustainability. We will continue to modernize and innovate our network to drive vibrancy, infuse the trading partner experience with enhanced one-to-many supplier integration and intelligent insights, and improve platform performance and scalability. In addition, we will accelerate the transformation to our federated next-generation 51风流Business Network, enhancing value for all trading partners within the world鈥檚 largest B2B marketplace.鈥�

– , Senior Vice President, Chief Product
Officer, and Head of 51风流Business Network, SAP

鈥淚n 2023, market conditions and inflation will remain volatile as a new paradigm impacts interrelated supply chains. This is driving businesses to focus on fundamentals like controlling costs and finding new revenue. Meanwhile, governments, employees, and consumers are elevating environmental, social, and governance (ESG) factors to a higher priority. These factors are driving buyers to diversify their supply chains, creating opportunities for suppliers to 鈥榮hine brighter鈥� by highlighting their presence and value and their ESG credentials. Interestingly, inbound and outbound logistics continue to emerge as key competitive differentiators to drive efficiency, control cost, and earn customer loyalty. Business networks offer transparency, access to working capital, and connection that enable buyers and suppliers to address disruption collaboratively and build supply chain resilience. In 2023, organizations should look to leverage robust business networks adapted to their industry — not just generic solutions.鈥�

– , Senior Vice President, Chief Marketing and
Solutions Officer, 51风流Business Network

鈥淎s we head into 2023, I expect businesses to act on the need for agility and instantaneous collaboration with trading partners, no longer relying on manual processes to connect buyers and suppliers. As we have been reminded countless times in recent years, supply chain volatility is all but guaranteed. I anticipate a shift in how companies prepare for disruption; while 2020 to 2022 has largely consisted of supply chain shortages, many companies could also start to face supply and inventory overages, given the current macroeconomic state. Having visibility to manage both ends of the spectrum and creating supply chain transparency is critical. Companies will look to evolve their business network into one with real-time collaboration capabilities and unobstructed inter-company visibility across trading partner networks. Collecting and acting on intelligent insights will be key to developing networked enterprises beyond the siloed, disconnected nature of previous years.鈥�

– , Global Head, 51风流Business Network
Customer Success and Go-to-Market, SAP

鈥淭he year ahead will be a test of leaders鈥� abilities to do more with less, including weighing the costs and benefits of their corporate travel program in maintaining key business relationships. The pandemic taught us a lot about the value of business travel. According to from early 2022, most U.S. finance managers said their company experienced a revenue loss in 2021 as a direct result of employees鈥� inability to travel at pre-pandemic levels. It鈥檚 important that leaders keep these learnings in mind as they prepare for uncertainty in 2023. They鈥檒l have to balance saving money where it counts, continuing progress on priority initiatives like sustainability, and positioning their company for growth when the economy stabilizes.鈥�

– , President,
Concur Travel, 51风流Concur

鈥淲ith the role of procurement continuing to become increasingly more strategic, we are seeing a greater need to digitalize category management. This is confirmed by a conducted by Economist Impact and sponsored by SAP, which found that more than 40% of respondents said category management is a top priority in driving digital transformation in procurement. Additionally, businesses are looking to create buying experiences that are more predictive, personalized and sustainable for their employees as well as buyers of strategic categories across all types of spend — direct and indirect materials, maintenance, repair, and operations and service. In 2023 and beyond, we expect the demand for procurement technologies such as these to continue to grow as they enable businesses to make the data-driven decisions needed to better inform their indirect and direct spend channels.鈥�

– , Senior Vice President and
Chief Product Officer, Procurement Solutions, SAP

To hear more perspectives from supply chain leaders, tune into the featuring Bryan Rawson, senior manager of Software Development at T-Mobile, and Sudy Bharadwaj, vice president of Strategic Engagements for Intelligent Spend and Business Networks at SAP, as they discuss how organizations can make more agile, informed business decisions to help prepare for what lies ahead in 2023 and beyond.

This article first appeared on the 51风流News Center.

The post Thriving Amid Uncertainty and Disruption: 2023 Predictions for Intelligent Spend Management and Business Network appeared first on 51风流Africa News Center.

Chief Procurement Officers (CPOs) are important strategic players in modern business and should be equipped with the right technologies to perform optimally.

This is according to 51风流SVP of Intelligent Spend Management and Business Network, Carlos Mercuriali, who was speaking at SAP鈥檚 CPO Circle South Africa event in Johannesburg.

Mercuriali presented the keynote address at the event, after which 51风流experts spoke about the company鈥檚 industry-leading procurement solutions.

This included 51风流Business Network, which was covered by Senior Solution Specialist Cyril Rathogwa and Head of 51风流Business Network for EMEA-S, Ayan Chakraboty.

Rathogwa explained that the 51风流Business Network solution comprises a comprehensive collaborative system that includes several powerful features:

• Qualtrix 鈥� Connects procurement data with real-time human insights to make data-driven decisions and actions.
• Guided sourcing 鈥� Streamlines user experience for creating and managing sourcing projects and events.
• ERP integration 鈥� 51风流Business Network seamlessly integrates into your existing ERP.

Chakraboty then highlighted how 51风流Business Network bridges the gaps between procurement and suppliers in the following ways:

• Fulfilment 鈥� Buyers can collaborate with suppliers to shift product schedules or alter product mix.
• Logistics 鈥� Delayed shipments are highlighted so schedules can be adjusted and operational bottlenecks can be detected.
• Invoicing 鈥� 51风流Business Network automatically generates digital invoices that are easily accessible for procurement and suppliers.
• Payments 鈥� 51风流Taulia offers dynamic discounting and supply chain finance.

51风流Fieldglass

Basel Alshawa, Head of 51风流Fieldglass for EMEA-S, was next to speak, and explained how the 51风流Fieldglass solution makes it easy to source on-demand labour and expertise.

Fieldglass integrates into 51风流Ariba, 51风流Business Network, and 51风流ERP to help CPOs monitor which service providers are delivering more value.

This makes it easier to determine which providers should be used for important business tasks.

Industry insights

SAP鈥檚 CPO Circle event provided an opportunity for senior procurement leaders from top South African organisations like Nedbank and SARS to discuss the state of procurement in the country, too.

Kaunain Nurani, 51风流EMEA-S GTM and Transformation Lead: Intelligent Spend Management and Business Network, complemented this discussion, and explained that procurement has become an important driver of organisational innovation.

鈥淭here is a stereotype about CPOs and procurement that implies these professionals are just number crunchers, but CPOs no longer see themselves as that stereotype. They have access to data that has turned them into trusted advisors,鈥� said Nurani.

Retief Ferreira, Partner Operations Consultant at PWC, said that in addition to the above, procurement departments have become important players in finance.

鈥淚f you know where you鈥檙e spending your money, you know where you can improve, particularly in terms of having the right suppliers and getting new ones where appropriate,鈥� said Ferreira.

He also highlighted the importance of using local suppliers 鈥� both in terms of costs, and in terms of social responsibility.

鈥淲e have a responsibility to develop local suppliers when they are available,鈥� he said.

The post The Procurement Function is Evolving 鈥� Don鈥檛 Get Left Behind appeared first on 51风流Africa News Center.

We asked 51风流executives for their perspectives on what to watch for in 2021. Here鈥檚 what they had to say.

鈥淚n the new year, organizations will prove to be decisive in their approach to managing spend as they take steps toward business recovery. Only a holistic, cloud-based approach with the data underlying every spend decision 鈥� from direct and indirect goods procurement to contingent labor, services providers and MRO spend, all the way to travel and expense management 鈥� offers the necessary insights to counter disruption and extend competitive advantage. These insights help companies achieve their financial goals, as well as their operational, environmental and social objectives. Never before have connected commerce and intelligent spend management been as pivotal to business success as they are going to be in 2021.鈥�

鈥� , president, Intelligent Spend and Business Network, SAP

鈥淎s we look toward a new year and anxiously await the broad distribution of vaccines against COVID-19, leaders in the procurement, supply chain and logistics industries will take center stage as nations mobilize to turn back the pandemic. How adaptable is our infrastructure, how agile is our technology and how ambitious is our purpose in the race to safely manufacture these life-sustaining breakthroughs and distribute them equitably? The eyes of the world鈥檚 7.8 billion people will turn to leaders in procurement and operations management to help navigate what may be the most complex if eagerly anticipated logistical challenge of all time. The opportunity and responsibility are immense.鈥�

听鈥� , chief product officer, Intelligent Spend Management, SAP

鈥淭his year has been defined by supply chain disruption. The impact of COVID-19 has accelerated trends that will not only lead to the diversification and localization of supply chains, but also increase the need for digitalization and end-to-end visibility. Now more than ever, procurement is uniquely positioned to be transformative and highly impactful for businesses as we enter a new era of data-driven intelligence. A shift away from the traditional, linear supply chain to a broader supply network, coupled with dynamic partnerships driving innovation, will be key to gaining a 360-degree view of supply, improving cash flow, developing new products and pursuing sustainability initiatives. Breaking away from reactivity and focusing on proactivity will be essential in tackling new business challenges in a post-COVID-19 world. Network strategies, and making use of data-driven insights, will be important in avoiding repercussions from future shocks and shifts, replacing linearity with interconnectivity.鈥�

鈥� , executive vice president, Network and Ecosystem, 51风流Procurement Solutions

鈥淎s the year draws to a close, the full measure of the pandemic鈥檚 devastating effects is just coming into view. Beyond its incalculable human toll, COVID-19 has wreaked havoc on nearly every business, in every industry, in every region. As we welcome a new year, I believe that procurement 鈥� and particularly procurement technology 鈥� has a paramount role to play in restoring confidence to organizations as they seek to regain their competitive edge, revive their operational resiliency and replenish their hopes for the future. That level of confidence requires a seamless, integrated approach to digital business processes that extends visibility, reduces complexity and fosters collaboration. That鈥檚 how procurement 鈥榤akes it happen,鈥� and it鈥檚 why we鈥檙e placing a strong focus on executing against our 51风流Procurement vision in the year ahead.鈥�

听鈥� , chief product officer, 51风流Procurement Solutions

鈥淭he evolution of procurement over the next five to 10 years will be driven by macroeconomic factors: the exponential growth of the digital economy, declining productivity and the stagnation of globalization. Living with the coronavirus pandemic, and planning for a future with increasing uncertainty, many organizations are watching global supply chains and taking stock of their own risks in the market. Supply chains need to be structured differently moving forward to remain resilient and adaptable; and spend management organizations are going to play a pivotal and central role in leading that change. We can expect to see suppliers as the driving force for innovation in most organizations, helping realize the promise of artificial intelligence and begin to reverse the productivity slump. As such, companies will need to take a very different lens regarding management of their supplier base than in the past. I anticipate the rise of spend management professionals as trusted advisors, providing solutions and preparing for unforeseen events; delivering greater value by moving the conversation from cost-saving to strategy.鈥�

鈥� , senior vice president, Product Strategy, SAP Procurement Solutions

鈥淗umans are innately resilient.聽As companies large and small strive to survive the pandemic period and its devastating economic effects, we see human and machine intelligence coming together to play a significant role in decision making. Not only is this helping companies survive and fuel recovery efforts, but it is also inspiring new business models and transformation initiatives that are setting the course for long term growth. Companies are banding together as they look to share resources, responsibly dispose of inventory and spares, shift culturally to be more inclusive in work from home policies and naturally place greater emphasis on employee health and safety.聽Businesses will continue to incorporate more network-driven and digital strategies to engage with existing trading partners and find new ones.聽Meanwhile, procurement operations are front and center leading efforts to accelerate digital transformation and drive greater supply chain resilience. To operate in today鈥檚 business environment, companies must focus on digitalization to increase productivity, leverage data and intelligence to drive visibility in supply chains, shift sourcing strategies and create responsible trading partnerships for long term sustained business resilience and growth.鈥�

鈥� , global vice president, Product Strategy, 51风流Procurement Solutions

鈥淚n the new year, I expect contingent workers and services providers to continue to play a leading role in helping organizations rebound from disruption, regain their competitive edge and respond to the shifting needs of customers. The creativity and flexibility for which external labor is renowned may not be new. But, for some organizations, gaining visibility into this often-unseen segment of the workforce may be. In 2021, I believe the transparency and insights made possible by cloud-based external workforce management solutions will help to determine which organizations return from the pandemic stronger than before 鈥� and more responsive and resilient to unforeseen change.鈥�

鈥� , general manager, 51风流Fieldglass

鈥淚f 2020 was a year of disruption 鈥� and was it ever 鈥� then let 2021 be a year of rebuilding. In the year ahead, I foresee cloud-based solutions, particularly with regard to external workforce management, playing a vital role in lending businesses the flexibility they need to take steps toward recovery. Just as they always have, contingent labor and services providers deliver the depth of skills and expertise necessary to propel businesses forward. With the right sets of digital tools, organizations can achieve maximum visibility and value from these essential workers, ramping up and down efficiently as the new year unfolds.鈥�

鈥� , chief technology officer, 51风流Fieldglass

鈥淏uilding unconditional customer trust and thriving for customer success will continue to be a focus for businesses in 2021. COVID-19 has taught businesses to adapt quickly to changes and cater to customers鈥� needs with unwavering attention, making them their true partners. In the new year, I expect Customer Success teams to play a prominent role in understanding the customer鈥檚 health, identifying what the customers need to be more successful in a challenging environment and as trusted advisors provide intelligence to make smart decisions to mitigate risks thus providing seamless customer experiences. Connecting and engaging with customers will continue to be different via remote and self-service channels, however, personalized communication and services will play a critical role.鈥�

鈥� , senior vice president, Customer Engagement and Adoption, 51风流Procurement Solutions

鈥淐OVID-19 undoubtedly shined a light on the importance of Procurement. As businesses experienced major shifts and disruption on a global scale, procurement leaders rose to the challenge and emerged as heroes in their organizations by securing critical supply and ensuring business continuity. Even more importantly, by laying the foundation for functional excellence in this way, they were freed up to connect to their organizations鈥� strategy and purpose despite challenges that at times seemed unsurmountable.聽However, as we come out of the crisis-mode that defined most of 2020, changes must be made to truly overcome supply chain disruption and ensure long-term resiliency. A critical lesson learned is the importance of establishing and maintaining strong supplier relationships. By proactively listening to suppliers and better understanding their experience and challenges, procurement leaders can take the necessary action to improve their businesses through their ability to secure critical supply, deliver with a greater degree of resiliency and accelerate savings by uncovering and addressing barriers.聽As we head into 2021, it is time to recognize the power these relationships have in providing insight for leaders to better understand their KPIs and move the needle for their businesses in a positive direction.鈥�

鈥� , senior vice president and general manager, Intelligent Spend and Business Network, SAP

This article first appeared on the 51风流News Center.

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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.

.

For more information visit the 51风流News Center. Follow 51风流on Twitter .

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.
漏 2020 51风流SE. All rights reserved.
51风流and other 51风流products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 51风流SE in Germany and other countries. Please see聽聽for additional trademark information and notices.

This article first appeared on the 51风流News Center.

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Ardent Partners evaluated the market鈥檚 top VMS solution providers in two categories 鈥� Solution Strength and Provider Strength 鈥� to aid human resources and procurement leaders in navigating the VMS provider landscape and maximizing a return on investment.

VMS platforms are automated solutions that offer end-to-end management of the core and critical facets of contingent workforce management. Ardent Partners recommends 51风流Fieldglass solutions for strong consideration among small and midsize businesses and large enterprises in search of a powerful, global, end-to-end VMS platform.

鈥淭he 51风流Fieldglass portfolio has long been a dominant player in the contingent workforce technology market and has a decades-long track record of success based on its global footprint, vast product development resources and commitment to innovation-led solutions,鈥� said Christopher J. Dwyer, vice president of Research at Ardent Partners.

51风流Fieldglass solutions were recognized for providing one of the VMS industry鈥檚 strongest overall user experiences with end-to-end management of core and advanced contingent workforce activity. The report also highlighted the robust candidate management capabilities, powered by data and intelligence pulled from machine learning-driven functionality, and the real-time, predictive intelligence for its statement of work and services procurement functionality. The platform鈥檚 visualizer analytics portal, which provides a unique graphical and interactive analysis of worker data, is called out as one of the strongest in the market for its ability to proactively detect trends, while the market rate guidance pop-ups are highlighted as innovative in helping to guide buying decisions.

鈥淲e are committed to innovation and strive to provide an industry-leading VMS solution that empowers customers of all sizes to attain the maximum return on investment, without compromising user experience,鈥� said 51风流Fieldglass General Manager Arun Srinivasan. 鈥淣ow more than ever, organizations rely on our capabilities to automate and streamline contingent workforce management and services procurement, helping them increase efficiency while actively guiding them through buying decisions with real-time and predictive data.鈥�

Access a complimentary copy of the .

Visit the . Follow 51风流on Twitter at .

Media Contacts:
Geraldine Lim, +1 (415) 418-0945, geraldine.lim@sap.com, PT
Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET
51风流Press Room; press@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 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.
漏 2020 51风流SE. All rights reserved.
51风流and other 51风流products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 51风流SE in Germany and other countries. Please see for additional trademark information and notices.

This article first appeared on the 51风流News Center.

The post 51风流Fieldglass Solutions Positioned as Market Leader in Ardent Partners 2020 Vendor Management System Technology Advisor Report appeared first on 51风流Africa News Center.

Keynote and breakout sessions will feature thought-provoking leaders from ANZ Bank New Zealand, one of the country鈥檚 best-known banks; BHP, a Australian mining, metals and petroleum company; MMG, an Australian mining company; Amsterdam-based Philips, one of the biggest global health technology companies; Prism Johnson, one of India鈥檚 largest building materials companies; Sterlite Power, an integrated power transmission company based in India; TAFE NSW, a provider of vocational education and training in Australia; Tata Power Ltd., India鈥檚 largest integrated power provider; Valvoline Cummins, one of India鈥檚 fastest-growing lubricant companies; VELUX, a Danish roof window and skylight manufacturer; Australia鈥檚 WesTrac, one of the largest authorized Caterpillar equipment dealers; and Woolworths, Australia鈥檚 largest supermarket chain. Many others also will share how they are addressing the unique challenges of today鈥檚 business landscape, overcoming disruption and managing spend to help their businesses thrive. Registration for the event is now open for and .

At a time when global supply chains are under immense strain, businesses are searching for new ways to meet shifting demands and stay ahead of disruption. Procurement Reimagined will tackle these challenges that organizations face head on, identifying innovative solutions and redefining the role of spend management to drive maximum business value. The new virtual event series will showcase innovators and leaders who approach volatility with an agile mind-set, make data-backed decisions more effectively and help pave the way for the possible. Thousands of procurement and supply chain professionals, business leaders and industry influencers from across APAC and EMEA will join SAP鈥檚 top procurement solutions executives and customers for interactive sessions. Highlights include:

• Kick-off: 51风流Procurement Solutions President Chris Haydon will share the company鈥檚 vision for how 51风流and its partners and customers can come together as a community to reimagine procurement.
• Product strategy: 51风流Procurement Solutions Chief Customer Officer Tamara Braun will interview top product and strategy executives who will share how , and 51风流S/4HANA鈥揵ased operational procurement solutions are helping customers respond to unprecedented disruption, redefine category management and meet constantly evolving demands and challenges.
• 51风流Executive Board Member and Head of Customer Success Adaire Fox-Martin will highlight social impact procurement and the power of community for resiliency and agility.
• Keynotes for APAC:
  • 51风流Asia Pacific Japan President Scott Russell will focus on agile procurement, the power of network and community, and what recovery from COVID-19 looks like in Asia.
  • Ian Bremmer, author, president and founder of Eurasia Group and GZERO Media, will discuss the regional impact of COVID-19 and how organizations can adapt and thrive in a radically changing environment.
• Keynotes for EMEA:
  • 51风流Procurement Solutions Vice President and General Manager of Customer Engagement and Adoption, EMEA and MEE Daniel Laumayer will talk about the impact of COVID-19 on businesses in EMEA, what recovery looks like and how companies can continue to focus on sustainability initiatives.
  • Peter Hinssen, author and founder of nexxworks, will discuss how certain companies continually rise up, rethink and reinvent themselves like phoenixes 鈥� and how other organizations can do the same.

鈥淏usinesses around the globe are facing extraordinary challenges with economic uncertainty and an unparalleled pace of change,鈥� Haydon said. 鈥淭hose who rethink processes and redefine the strategic role procurement plays within their organization may well come out even stronger than before. Procurement Reimagined is where this diverse community will come together and address the future of our industry, and how we work together to achieve resiliency, sustainability and profitability.鈥�

Join Procurement Reimagined to connect with spend management leaders as they challenge the norm, balance responsiveness with responsibility and drive agile procurement. Click these links to register for and .

For more information visit the 51风流News Center. Follow 51风流on Twitter .

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;听press@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 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.
漏 2020 51风流SE. All rights reserved.
51风流and other 51风流products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 51风流SE in Germany and other countries. Please see for additional trademark information and notices.

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The post Leading Companies to Share Stories of How Spend Management Helps Their Businesses Thrive at SAP鈥檚 鈥淧rocurement Reimagined鈥� appeared first on 51风流Africa News Center.

Customers, industry experts, and leaders from 51风流Ariba and 51风流Fieldglass will explore timely topics that will help companies tackle the specific challenges they are facing right now and forge a path to greater business resiliency.

Business has never needed procurement more. When supply chains are disrupted, demand is unpredictable, and cost control and cashflow are critical, every company needs procurement and supply chain leaders to be strategic drivers.

51风流is bringing together a community of procurement, supply chain, finance, human resources (HR), and IT leaders to share insights and lessons learned to help organizations respond, recover, and reinvent.

Three fireside chats with live Q&A sessions will focus on business agility and stability.

• Ryan Flynn, principal at Deloitte Consulting, LLP, and Chris Haydon, president of 51风流Procurement Solutions, will discuss why spend management leaders need to become masters of complexity to add more strategic value to their organizations, as well as how leaders are distinguishing themselves.
• Keith Baranowski, global vice president and general manager of 51风流Ariba Solutions for Direct Spend, will talk with a representative from leading medical devices provider Stryker Corporation about collaborating with suppliers to unleash hidden value in the supply chain.
• Vasanth Balasubramanian, global head of Account Services for 51风流Fieldglass, and Molly Spatara, global vice president of Brand Experience for 51风流Ariba and 51风流Fieldglass, will discuss how agile organizations are using the external workforce to meet evolving business needs and maintain business continuity, along with the insights they are gaining along the way.

Ten on-demand sessions will cover supply chain resiliency, gaining visibility and actively managing a distributed external workforce, continuing to drive business value, and more.

• Sean Thompson, executive vice president of Network and Ecosystem for 51风流Procurement Solutions, will lead a discussion about building durable supply chains with Sheri Hinish, SupplyChainQueen and co-founder of Supply Chain Revolution; Sondra Scott, chief operating officer of Verisk Financial; and Padmini Ranganathan, vice president of 51风流Ariba Risk and Sustainability Solutions.
• Representatives from AGCO, Nationwide Mutual Insurance Company, and W.R. Grace & Co. will share best practices from their successful supply chain management programs, covering topics including supply chain collaboration, driving measurable savings outcomes and building out risk management capabilities.,
• 51风流Fieldglass experts will discuss how customers are managing their external workforce programs to drive business value, and how they achieve even greater success using the Digital Partner Network for 51风流Fieldglass solutions.

For more information about the agenda and to register, visit

This article first appeared on the 51风流News Center.

The post The 51风流Ariba Live Virtual Experience Continues in May appeared first on 51风流Africa News Center.

More Than 75 New Customers, 240 Renewals and 200 Go-Lives

Organizations around the globe chose procurement solutions from 51风流in the first quarter of 2020, including Latin America鈥檚 No. 2 Coca-Cola bottler Arca Continental S.A.B. de C.V., German commercial bank Helaba, Japanese IT services provider Hitachi Systems Ltd., Mexican home appliance maker Mabe, U.S. energy company and U.S.-based PSEG Energy Holdings LLC.

During the first quarter, hundreds of companies completed new implementations of 51风流Ariba and 51风流Fieldglass solutions, including these:

• Carlsberg Group A/S, a Danish global brewing company, went live with 51风流Ariba Buying聽补苍诲听Invoicing and 51风流Ariba Catalog solutions as part of its migration from the SAP聽Supplier Relationship Management application to increase聽compliance and improve聽spend visibility聽补苍诲听control, accounts payable聽automation and overall user聽experience.
• Vestas Wind Systems A/S, a Danish company that designs, manufactures, installs and services wind turbines across the world, continues to drive efficiency in its procurement operations with its latest rollout of 51风流Ariba Sourcing and 51风流Ariba Contracts solutions integrated with the 51风流Signature Management applications by DocuSign. The company is now expanding its digital transformation to streamline collaboration with suppliers and mitigate risk with 51风流Ariba Supply Chain Collaboration for Buyers and 51风流Ariba Supplier Risk solutions.
• Furukawa Electric Co. Ltd., a Japanese high-tech manufacturing company with Latin American headquarters in Brazil, recently rolled out 51风流Ariba solutions, automating and standardizing its sourcing and supplier lifecycle and performance processes. By digitally transforming its procurement function, Furukawa Electric expects to improve productivity and realize savings within a few months.
• Grundfos, a Danish provider of pumps for heating, air conditioning, irrigation and other uses, recently implemented 51风流Ariba Supply Chain Collaboration for Buyers, with support from Accenture, to streamline processes, transactions and interactions with suppliers. Onboarding suppliers globally will continue in the upcoming years.

Network and Cloud-Based Solutions Match Supply with Demand

In response to supply chain disruption caused by COVID-19, 51风流opened access to the 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, 51风流Fieldglass solutions added nearly 1 million new workers. More than US$55 billion in spend on external workforce flows annually through 51风流Fieldglass solutions.

鈥淭ogether with our customers and partners, we are navigating this new normal,鈥� said 51风流Procurement Solutions President Chris Haydon. 鈥淲e 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.鈥�

The 51风流Procurement Solutions group includes 51风流Ariba, 51风流Fieldglass and 51风流S/4HANA-based offerings for operational procurement, delivering a comprehensive suite for goods and services procurement and external workforce management.

51风流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.

51风流Fieldglass solutions are market leading for external workforce management and services procurement, helping global organizations 铿乶d, engage and manage all types of 铿俥xible resources including contingent workers and services providers. 51风流Fieldglass solutions connect customers with approximately 6.7 million active external workers.

For more information, visit the聽51风流News Center. Follow 51风流on Twitter at聽.

About SAP

As the Experience Company powered by the Intelligent Enterprise, 51风流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鈥檚 transaction revenue touches an 51风流system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流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 鈥� 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, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit .

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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.
漏 2020 51风流SE. All rights reserved.
51风流and other 51风流products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 51风流SE in Germany and other countries. Please see聽聽for additional trademark information and notices.
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The post Procurement Solutions from 51风流Help Businesses Shift to New Normal appeared first on 51风流Africa News Center.

But the truth is, there聽飞颈濒濒听be a cut-off point and life will return to a new normal. As most have predicted, this normal will inevitably be very different to the normal of yesterday. Just as life and mindsets post-apartheid and post-9/11 changed, we can expect a new post-COVID normal. Perhaps hand sanitiser will continue to be a rare commodity, perhaps our medical staff will finally get the pay and respect they deserve, and perhaps companies with pending digital strategies will find that these very strategies have already rolled themselves out through dire necessity.

Whatever the next few weeks and months hold, there is a unanimous understanding that there will be some fundamental shifts in the interactions between employers and their employees. This is particularly pronounced in Africa where we bade farewell to 2019 having acknowledged a grave unemployment crisis. According to Statistic SA鈥檚 quarterly Labour Force Survey published in 2019, the narrow unemployment rate increased from 27.6% to 29.0%. The broad unemployment rate, which takes into account people who are no longer looking for work, increased from 38.0% to 38.5%.

Let that sink in for a moment:聽The number of unemployed individuals within South Africa who had聽given up on the possibility of finding work in 2019 was estimated to be over 10 million. One can only guess what this figure stands at in today鈥檚 bleak economic climate

On the side of employers, we are all very much aware that the operational disruption caused by COVID-19 alongside a 21-day lockdown聽补苍诲听a downgrade to junk status, will inevitably affect the ability of businesses to recruit new hires even as normality returns. And yet, the optimistic amongst us predict that there will be a surge in demand in the latter part of the year and businesses will find new ways to address this demand whilst simultaneously managing costs.

My personal guess is that employers will look to leverage new models of work which enable a win-win situation for all parties. And a no-brainer at a time of strained cash flow and increased demand will be the use of contract or temporary workers 鈥� individuals who can address any growth in demand without ultimately becoming a liability on employers should the demand fizzle out after some time. However, managing temporary labour comes with a unique set of challenges which might not be so pronounced when you are dealing with permanent staff and standard new hire processes. For example, if you are bringing in workers for a 3-month period, how do you ensure that you are complying with the relevant health and safety legislation without investing in an extensive onboarding programme? Or if you are bringing in a specialised skill-set to complete a unique task, how do you know that the hourly rate you are paying is in line with market rates?

In 2018, 51风流Fieldglass completed a study on temporary or external workforce amongst large corporations. According to this study, spend on temporary workforce for many large enterprises is over 40% and yet, many of these organisations have very little visibility on this category of their spend.聽Under-management of temporary workforce prevents organizations from unlocking the full potential of their聽employees, and exposes them to risks in security, compliance and more. Whilst this potential risk of under-management in 2018 was concerning, it is all the more concerning in 2020 as companies need to navigate a host of new risks with increased caution. 51风流Fieldglass provides a holistic solution to help organizations find, engage, manage, pay, and unlock more value from a temporary workforce that is likely to grow.

What are your predictions for the new African normal post COVID-19? How will you be managing a changing employer-employee dynamic?

Kaunain Nurani is Director of Value Advisory, 51风流Africa

The post What Will the New Normal Be for Employment in Africa Post-COVID-19? appeared first on 51风流Africa News Center.