The RISE with 51风流Migration and Modernization program addresses two primary issues businesses face when moving to the cloud 鈥� cost and scope. The program offers credits to 51风流S/4HANA and 51风流ERP Central Component (51风流ECC) customers that can be applied to offset the cost of maintenance, cloud services or cloud subscription when moving to the RISE with 51风流solution. This limited-time offer may reduce these costs by up to 50% and shorten the time to value.

This incentive will include 51风流S/4HANA Cloud and line-of-business solutions such as supply chain, human resources, spend management, CRM, business transformation tools and the business technology platform for extensibility.

Esmond Tong, Managing Director, 51风流Hong Kong, said, 鈥�51风流understands that many companies envision to upgrade their ERP systems to the cloud. To support companies in this journey, 51风流has introduced the RISE with 51风流Migration and Modernization program, which includes a range of financial incentives, services, and support to help kickstart their cloud transformation. Upon completion, companies will be well-positioned to leverage SAP鈥檚 Business AI, Digital Co-pilot and line-of-business solutions to drive tangible business outcomes, optimize operations, improve cost management and propel their business forward.鈥�

He added, 鈥淚n addition, we have also launched the 51风流Hong Kong Cloud ERP Experience Center in November last year to provide total support for companies to take advantage of the latest cloud innovations, such as AI and sustainability solutions, and to future-proof their business.鈥�

The RISE with 51风流Migration and Modernization program helps customers become and remain innovation-ready to benefit from ongoing updates and new innovations. Once customers are operating in the cloud, 51风流takes the burden of management to build reliability, strengthen security and compliance and unlock the power of business data.听 Regardless of whether businesses today run on 51风流ECC or 51风流S/4HANA, the program鈥檚 self-guided digital experience and assisted services offer a path from preparation through go-live. The program also introduces a set of new services and incentives to help customers in their move to the RISE with 51风流solution.

In addition to financial incentives, the RISE with 51风流Migration and Modernization program also includes:

• RISE with 51风流Methodology support: To drive predictable timelines for projects, all implementations 鈥� both through 51风流and our partner ecosystem 鈥� will follow the RISE with 51风流Methodology. It will provide project progress transparency, with key milestone checks. It is supported by 51风流services and specialists who confirm the methodology is applied from discovery through go-live to get customers innovation ready. 51风流is training and validating partners to use the RISE with 51风流Methodology and will collaborate closely with these partners to provide consistency and quality.
• 51风流S/4HANA Cloud Safekeeper service: For customers who need more time to complete their full migration, we are introducing the 51风流S/4HANA Cloud Safekeeper service. It is designed for customers using RISE with 51风流that enter customer-specific maintenance for older releases of 51风流S/4HANA. With 51风流S/4HANA Cloud Safekeeper, customers may get their systems ready to upgrade to the latest version of 51风流S/4HANA. It includes upgrade services and infrastructure optimization while providing business continuity for the customers鈥� current system with updates and patches for two more years.

For more information details about the RISE with 51风流Migration and Modernization program, please go to or call 2150 2799. In addition, 51风流will hold a customer webinar event on Feb 28, 2024 to help customers understand more about the program. Please go to to register.

About SAP

SAP鈥檚 strategy is to help every business run as an intelligent sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 51风流customers generate 87% of total global commerce. 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 business and public customers across 26 industries globally 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 .

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 2022 Annual Report on Form 20-F.
漏 2024 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.

For more information, press only:
Mr. Benson Chao, Head of Communications, 51风流Hong Kong
+852 2539 1947, benson.chao@sap.com

The post 51风流Introduces Financial Incentives to Encourage Hong Kong Companies to Move to the Cloud appeared first on Press Room 51风流Hong Kong.

51风流solutions have been supporting Crystal for over two decades. From the early adoption of 51风流ERP systems to its latest iteration 51风流S/4HANA Cloud, Crystal is progressing to accelerate the systems transformation of its vertical apparel business with 51风流S/4HANA for Fashion and Vertical Business, 51风流S/4HANA Finance, 51风流Intelligent Robotic Process Automation, 51风流Manufacturing Execution, 51风流Manufacturing Integration and Intelligence, 51风流Analytics Cloud, 51风流Business Technology Platform and 51风流SuccessFactors.

By standardizing, simplifying and automating business processes, 51风流solutions have optimized the company鈥檚 apparel manufacturing capacity to increase yields and minimize waste. As a result, Crystal鈥檚 aggregate business outcomes generated by these deployments include a 140% productivity improvement and a 21% revenue increment year-on-year in 2021, with order fulfillment efficiency boosted by 19%.

“Serving some of the world鈥檚 most well-known fashion brands, we run our operations at speed to capture ever-changing market opportunities and drive business growth,鈥� said Karl Ting, IS, General Manager, Corporate Information Services, Crystal Group. 鈥淔or more than 20 years, SAP鈥檚 dynamic solutions have helped us design, build and operate on a global scale, most recently enabling us to co-create with customers and optimize our multi-country manufacturing platform with 51风流S/4HANA. This transformation has set us on the path to becoming an Intelligent Enterprise, and we look forward to continuing on this promising trajectory with 51风流as our trusted partner.”

In addition, 51风流solutions have enabled Crystal to integrate various production systems into one centralized platform for efficiency and innovation. By integrating data sources from different factories and locations across its entire operation, Crystal鈥檚 decision-makers can responsively help customers achieve unique product specifications with data-powered visibility and business intelligence. Meanwhile, Crystal continues to customize and automate manufacturing processes and workflows to optimize operations and costs, enhancing efficiency while reducing raw material consumption and waste discharge.

Rajni Sharma, Managing Director, 51风流Hong Kong, said, “The global apparel industry is in a whirlwind of transformation, and success is defined by digital readiness, operational efficiency and cost-effectiveness. Apparel manufacturers are confronting a multitude of challenges from resource management and product customization, to increasing costs and ever shorter delivery timelines 鈥� all of these mean the industry must push the envelope to a level never seen before. 51风流has a host of software products to support companies like Crystal to optimize their entire operation, including design, manufacturing, and order fulfillment. We look forward to enabling customers to generate insights from operational data for better decision-making, improved workflow and increased automation.”

Crystal plans to deploy 51风流Manufacturing Execution / Manufacturing Integration and Intelligence applications soon. After that, its next significant step will be leveraging scalable AI technologies and machine learning applications to further accelerate systems transformation to strengthen business resilience.

About SAP
SAP鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 51风流customers generate 87% of total global commerce. 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 business and public customers across 25 industries globally 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 www.sap.com/hk.

# # #

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 2021 Annual Report on Form 20-F.

漏 2022 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 https://www.sap.com/copyright for additional trademark information and notices.

For more information, press only:
Mr. Benson Chao, Head of Communications, 51风流Hong Kong, +852 2539 1947, benson.chao@sap.com

The post Crystal International Steps Up Systems Transformation & Productivity with 51风流Solutions appeared first on Press Room 51风流Hong Kong.

To support this central announcement, 51风流is also announcing new innovations designed to help companies modernize and digitalize their business processes to become intelligent enterprises. In addition, customers can benefit from a new portfolio of sustainability-specific business applications that deliver exceptional transparency and measurement capability across the supply chain.

鈥淒uring this unprecedented year, the importance of the communities we鈥檙e part of has never been clearer,鈥� said Christian Klein, CEO and Member of the Executive Board of 51风流SE. 鈥淥ur new vision will build the world鈥檚 largest business community, enabling customers to easily connect with companies across supply chains and creating networked economies across industries.鈥�

While we have all seen the power of networks in our personal lives, this networked ecosystem for businesses doing business together is unique. Members of the new will be able to access a single, unified portal to gain a holistic view into their supply chain ecosystem, logistics and traceability, and equipment management and maintenance. To learn more, read 鈥�51风流Introduces 51风流Business Network.鈥�

During the pandemic, the most resilient companies were those who embraced technology to transform their business processes. Those who simply leveraged cloud infrastructure and didn鈥檛 actually digitalize core business processes did not fare as well. To enable every enterprise to become an intelligent enterprise, 51风流announced the RISE with 51风流transformation packages for specific industries. Building on the successful introduction of the offering in January, the RISE with 51风流packages for specific industries provides business transformation as a service with five initial industry-tailored cloud solutions for retail, consumer products, automotive, utilities and industrial machinery and components. To learn more, read 鈥淪tart Your Digital Transformation Journey: RISE with 51风流for Industries.鈥�

Despite a brief drop in carbon emissions over the past year, this year is on track for the second-biggest increase in emissions in history. Sustainability is as important to business success as revenue and profits. This is the decade in which companies must act. SAP鈥檚 stated goal is to make climate protection measurable, diversity and inclusion visible and ethical responsibilities transparent.

To enable this goal and operationalize sustainability as a core business process, 51风流announced a portfolio of new sustainability-specific products. This includes the 51风流Responsible Design and Production solution to ensure product designers can make sustainable choices from initial product concepts to production; the 51风流Product Footprint Management solution to track sustainability through a product lifecycle; and the 51风流Sustainability Control Tower solution to provide end-to-end visibility. To learn more, read 鈥淪ustainability Management by SAP: Enabling Tomorrow Starts Today.鈥�

Visit the 51风流News Center. Follow 51风流on Twitter at .

About SAP

SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an SAP庐 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 business and public customers across 25 industries globally 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 .

# # #

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 2021 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.

For more information, press only:
Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1947, benson.chao@sap.com

The post 51风流Expanding World鈥檚 Largest Business Network appeared first on Press Room 51风流Hong Kong.

The Hong Kong-based Hawley & Hazel has been running 51风流Ariba Supply Chain Collaboration since 2016 to streamline order processing and coordinate delivery schedules with suppliers across Asia. Since deployment, the solution has proven to be valuable to Hawley & Hazel鈥檚 business operation in tackling supply chain challenges. When the company experienced materials shortage from preferred suppliers, Ariba Supply Chain Collaboration alerted Hawley & Hazel鈥檚 procurement team, which was able to source from alternative suppliers within days. This significantly minimized Hawley & Hazel鈥檚 overall production damage.

Underscored by such success, Hawley & Hazel would further expand the adoption of Ariba solution and add Ariba鈥檚 Forecast Collaboration. The new add-on capabilities will further enable the company to share timely demand forecasts with its suppliers enabling them to plan ahead and commit to meeting the company鈥檚 supply needs.

The new Ariba capabilities will further bolster Hawley & Hazel鈥檚 success to effectively manage a complex supply chain and high demand across multiple markets. Ariba鈥檚 supply chain and forecast capabilities will create closer cooperation between Hawley & Hazel and its suppliers, facilitating more accurate and frequent forecasting to increase supply chain responsiveness and decrease the potential for business disruption. This will also enhance visibility for Hawley & Hazel to develop more accurate business planning and increase the efficiency of its manufacturing and logistics operations.

鈥淎s a trusted Asian dental care favorite that traces its roots back to the 1930s, Hawley & Hazel understands the value of planning ahead and taking as much uncertainty out of the supply chain as we can. With 51风流Ariba, we can now more easily align our plans and requirements with multiple suppliers. This improves our overall efficiency and helps us, and our suppliers identify and rectify any potential shortages or surplus so that we reduce the time we hold inventory for better cash flow,鈥� said Sunny Woo, Procurement Director, Hawley & Hazel.

Fabian Padilla Crisol, Managing Director, 51风流Hong Kong, said, 鈥淭he pandemic-related supply chain shocks of the past year have focused attention on breaking down barriers between buyers and suppliers. The 51风流Ariba platform equips companies to work safely and easily with multiple partners with complete supply chain visibility. For Hawley & Hazel, collaboration at the forecasting level builds on its past digitalization success to deliver additional value.鈥�

About SAP

SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an SAP庐 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 business and public customers across 25 industries globally 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 .

# # #

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 2021 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.

For more information, press only:
Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1947, benson.chao@sap.com

The post Hawley & Hazel Enhances Supply Chain Efficiency with 51风流Ariba Supply Chain Collaboration in Hong Kong appeared first on Press Room 51风流Hong Kong.

With strong business and operation foundation laid down over years, the Hong Kong-based Computime is further strengthening its growth trajectory and market position from a traditional electronics manufacturer into a developer of innovative technologies for the IoT and smart living sectors. This advancement of digital transformation will reshape Computime鈥檚 end-to-end operations with the following suite of 51风流cloud and on-premises solutions with the aim to reimagine and automate its business processes and make better, faster decisions.

• At the core of the deployment is 51风流S/4HANA as the backbone that integrates standardized sales, sourcing, manufacturing, finance and reporting processes.
• With 51风流Analytics Cloud, Computime can visualize its data, produce more customized, accurate forecasts, reports and plans and better manage its workflow, from research to production and shipment.
• 51风流Sales Cloud enables Computime to quickly and more fully respond to customer requests.
• 51风流Ariba Sourcing can reduce supplier onboarding costs and compliance risk to help increase product profitability.
• Advanced 51风流financial tools let Computime gain real-time insight into global cashflow and liquidity management, which ensures secure and compliant treasury operations governance.

鈥淲ith 51风流S/4HANA as our digital foundation, we are in a position to take advantage of other 51风流innovations such as 51风流Analytics Cloud and 51风流Cloud Platform that deliver deep industry-specific capabilities. A high-tech manufacturing solutions organization, like Computime, that invests heavily in research and engineering, has unique needs and we remain at the forefront of our industry by embracing the best new technologies,鈥� said Bernard Auyang, Executive Director and Chief Executive Officer of Computime.

Fabian Padilla Crisol, Managing Director, 51风流Hong Kong, said, “As a dynamic company, proven to be committed to transforming to seize opportunities in a fast-changing technology landscape, Computime is now moving forward even faster with 51风流solutions. SAP鈥檚 value-focused approach is enabling Computime to see benefits in terms of productivity, cost savings and sales, with a low total cost of ownership, while ongoing simplification will help it continue to grow as a more agile intelligent enterprise in the future.鈥�

About SAP

SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an SAP庐 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 business and public customers across 25 industries globally 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 .

# # #

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 2021 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.

For more information, press only:
Mr. Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1947, benson.chao@sap.com

The post Computime Accelerates Intelligent Enterprise Journey with 51风流Solutions in Hong Kong appeared first on Press Room 51风流Hong Kong.

As the market share leader in the global trade compliance systems sector, 51风流has various solutions including GTS that have been successfully deployed in nearly 3,000 enterprises in 25 industries and more than 170 countries. A centralized global trade management platform that automates and streamline trade processes, 51风流GTS enables enterprises to better control costs, manage free-trade agreements and customs procedures, and reduce non-compliance risk. Deployed on-premises or in the cloud, it serves as a repository for all compliance master data and content, allowing businesses to integrate all of their trade services.

Working closely with SAP, Deloitte offers one-stop end-to-end global trade services, including 51风流GTS-enabled Smart GTS serving as a “direct train” to global trade and help enterprises achieve compliance, cost reduction, intelligence and synergy for global trade management in the increasingly complex international trade environment, and thus implement their global development strategies. Its integrated global practice offers a mix of multidisciplinary trade specialists with extensive experience in compliance, customs, preferential trade agreements, technology implementation know-how and unmatched experience across industries worldwide.

Fabian Padilla Crisol, Managing Director, 51风流Hong Kong, said, 鈥淏usiness leaders in high-tech, life sciences, luxury goods, industrial machinery and other sectors understand the importance of optimizing cross-border supply chains. With the support of 51风流GTS and Deloitte, these businesses are now well positioned to navigate an increasingly volatile and complex global trade environment in 2021 and beyond.鈥�

Andy Zhou, Deloitte Consulting China 51风流Offering Leader, said, 鈥淭o prosper in the dynamic global trade environment, enterprises are required to keep up with the cross-border trade policies and regulations, meet new consumer demand and the development needs of complex supply chains. The combination of Deloitte’s services and 51风流GTS technology allows deep integration and seamless connection to establish a stable, efficient and compliant global trade management model and solution.鈥�

Key features of 51风流GTS include:

• Customs management: The system enables the seamless flow of corporate supply chain data to external suppliers and regulators, with customs declarations and documentation being automatically generated, shared and managed. This process automation decreases errors and accelerates the customs clearance process for faster and more efficient business operations.
• Compliance management: 51风流GTS enables enterprises to automatically run compliance checks, which includes managing licenses and export controls and scanning up-to-date blacklisted and embargoed countries. This reduces compliance risks and avoids supply chain disruption for business continuity.
• Trade preference management: The system helps enterprises determine the rules of origin and conduct free-trade agreement planning and management so as to take advantage of preferential tariff treatments and lower business cost.
• Global trade analytics: 51风流GTS integrates directly with 51风流S/4HANA庐, 51风流ERP and other business software systems. This supports sales, procurement, and logistics processes that are essential to efficient export and import management.

About SAP

SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an SAP庐 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 business and public customers across 25 industries globally 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 .

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (鈥淒TTL鈥�), its global network of member firms, and their related entities (collectively, the 鈥淒eloitte organization鈥�). DTTL (also referred to as 鈥淒eloitte Global鈥�) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the 鈥淒eloitte organization鈥�) serves four out of five Fortune Global 500庐 companies. Learn how Deloitte鈥檚 approximately 330,000 people make an impact that matters at www.deloitte.com.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

The Deloitte brand entered the China market in 1917 with the opening of an office in Shanghai. Today, Deloitte China delivers a comprehensive range of audit & assurance, consulting, financial advisory, risk advisory and tax services to local, multinational and growth enterprise clients in China. Deloitte China has also made鈥攁nd continues to make鈥攕ubstantial contributions to the development of China’s accounting standards, taxation system and professional expertise. Deloitte China is a locally incorporated professional services organization, owned by its partners in China.听 To learn more about how Deloitte makes an Impact that Matters in China, please connect with our social media platforms at www2.deloitte.com/cn/en/social-media.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (鈥淒TTL鈥�), its global network of member firms or their related entities (collectively, the 鈥淒eloitte organization鈥�) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

漏 2021. For information, contact Deloitte China.

# # #

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.

For more information, press only:
Mr. Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1947, benson.chao@sap.com

The post 51风流Hong Kong and Deloitte Help Cross-Border Businesses Navigate Ongoing Trade Complexity appeared first on Press Room 51风流Hong Kong.

• , a subsidiary of Asia Allied Infrastructure and a leader in large-scale infrastructure construction in Hong Kong, is leveraging 51风流Analytics Cloud to improve data management, financial reporting and business intelligence (BI) capabilities and generate high-value business insights from its legacy tools. This provides Chun Wo with a data-driven overview of its operational realities, enabling stakeholders to monitor, analyze and predict project progress through an easy-to-decipher dashboard. 51风流Analytics Cloud鈥檚 predictive tools also help to deliver instant insights to enrich and accelerate decision-making.
• Limited, a member of the Generali Group; established in 1831, Generali Group is one of the largest global insurance and asset management providers that serves 61 million customers with innovative and personalized insurance solutions and financial products. In Hong Kong, Generali is running a robust and cloud-based finance and data management infrastructure on a number of 51风流solutions. With 51风流Intelligent Robotic Process Automation (iRPA) and 51风流Analytics Cloud, Generali Hong Kong has access to a holistic overview of its financial data while automating critical financial processes, including vendor payment and bank reconciliation. This level of automation reduced Generali Hong Kong鈥檚 financial workloads and freed up man-hours for improved accounting efficiency.

鈥淏usiness environment is in a stage of constant change and disruption now,鈥� said Fabian Padilla Crisol, Managing Director, 51风流Hong Kong. 鈥淭o keep up with this influx of challenges, companies are looking for the best pathway to efficiently leverage data and generate business intelligence. SAP鈥檚 data analytic, cloud and automation solutions enable companies to stay innovative and intelligent, guided by real-time data, incisive analytics and automation. With these robust end-to-end data management solutions, we are well-positioned to guide and support customers to respond effectively to business challenges and sustain future growth.鈥�

In addition, 51风流is presenting , an integrated offering of four technology portfolios, for companies from different industries to drive business success. These portfolios include:

• Database and data management 鈥� At the core of SAP鈥檚 Business Technology Platform, 鈥檚 high-performance in-memory database accelerates companies to capture, analyze and access real-time data at ease and gain a single view of truth across organizations. They can also run advanced analytics alongside high-speed transactions to reach decisions based on real-time data and insight.
• Analytics 鈥� Through 补苍诲听, companies can analyze data, simplify access to critical information, discover and visualize insights with intuitive business intelligence and turn insights into action with end-to-end capabilities that drive better business outcomes.
• Intelligent Technologies 鈥� Companies can leverage such as artificial intelligence, machine learning and Internet of Things (IoT) to optimize business processes and resources, continuously innovate and formulate go-to-market models.
• Application Development and Integration – SAP’s open business technology platform allows companies to integrate, extend, and build intelligence using听补苍诲听. These suites enable companies to build and integrate business applications from both 51风流and third parties, and customize user experience for fast adoption and effectiveness.

About SAP
SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an SAP庐 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 business and public customers across 25 industries globally 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 .

# # #

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.

For more information, press only:
Mr. Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1947, benson.chao@sap.com

The post 51风流Hong Kong Helps Companies Accelerate Transformation with Data Analytics, Cloud & Automation Solutions appeared first on Press Room 51风流Hong Kong.

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

In Hong Kong, Techtronic Industries (TTI), a world leader in the design and manufacture of power tools, outdoor power equipment, floor care appliances and accessories, has been running 51风流Ariba Sourcing for more than a decade to standardize and automate its sourcing processes, attain industry-level compliance and increase savings. In addition, TTI leveraged Ariba鈥檚 cloud capabilities to capture complex component pricing, analyze cost and archive its sourcing events, cost and pricing histories.

In addition, during the first quarter of 2020, 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 and Invoicing and 51风流Ariba Catalog solutions as part of its migration from the 51风流Supplier Relationship Management application to increase compliance and improve spend visibility and control, accounts payable automation and overall user 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听听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�

鈥淐ompanies are seeing new value in digital procurement transformation as the COVID-19 outbreak expands and exacerbates supply chain disruption around the world,鈥� said Fabian Padilla Crisol, Managing Director, 51风流Hong Kong. 鈥淎s the outbreak accentuated the importance of secure sourcing and efficient procurement, it is the right moment for companies to reassess their processes, and evaluate how technologies such as 51风流Ariba can help them ensure sourcing transparency, procurement efficiency, and maintain business continuity in a challenging business environment.鈥�

The 51风流Procurement Solutions group includes 51风流Ariba, 51风流Fieldglass and 51风流S/4HANA庐-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.

About SAP
SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As the market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an SAP庐 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 business and public customers across 25 industries globally 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 .

# # #

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.

For more information, press only:
Mr. Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1800, benson.chao@sap.com

The post Leading Hong Kong and Global Companies Selected 51风流Procurement Solutions to Transition to New Normal appeared first on Press Room 51风流Hong Kong.

Hong Kong, July 9, 2020 鈥� 鈥淒igital transformation will power Hong Kong鈥檚 business recovery and safeguard the city鈥檚 long-held status as a centre of trade and innovation,鈥� 51风流Hong Kong Managing Director Fabian Padilla Crisol said at the on June 16. Joined by local business leaders for the virtual event, Mr Padillo Crisol urged companies to reimagine their operations, value proposition, and business model for the digital economy.

Mr Padilla Crisol said, 鈥淭he global COVID-19 pandemic has accelerated the pace of the Fourth Industrial Revolution around the world. In Hong Kong, it triggered a heightened focus for businesses to leverage emerging technologies to take advantage of new opportunities and create sustainable business value. Companies that move now towards digitalization will find them well-positioned to stay ahead their competition in the long run.鈥�

Being held as a virtual event for the first time in its 30-year history, SAPPHIRE NOW has been reimagined in 2020 to focus on supporting business communities in economic recovery. In Hong Kong, 51风流garnered distinguished local thought leaders to share their vision of post-COVID growth for the city鈥檚 businesses in panel discussions and presentations.

Transparent supply chain

Pandemic-driven disruption is dividing businesses into those that have established a transparent global supply chain and those that need to do so.

51风流solutions harness predictive analytics, automation, and the Internet of Things to help companies implement supply chain management to better anticipate disruptions through simulations and risk assessment. The end goal is global visibility over supply and demand, accurate forecasting, and smooth collaboration with partners and customers.

鈥淭he COVID-19 crisis has made it clear that all businesses need to be able to react in real-time to unexpected and unprecedented supply chain disruption. We are confident that businesses in Hong Kong SAR of China can leverage 51风流technology and Accenture expertise to build a working model of a resilient and transparent supply chain in as little as six weeks,鈥� said Philippe Cherigie, managing director, 51风流sales lead for Asia Pacific, Accenture.

Digitalized sales channels

Commerce has moved online rapidly as social distancing becomes the norm. Investing in digital channels has benefits beyond simply catering to an increase in online shoppers. It also helps companies manage inventory, warehousing, and logistics; effectively use their physical stores in omnichannel business models; and make informed data-based business decisions.

Hong Kong鈥檚 Distance Business Programme (D-Biz), which offers government funding for IT projects that support companies to do business online, can give local enterprises a competitive edge.

鈥淲hile companies elsewhere remain focused on cost-cutting, Hong Kong businesses are being empowered to accelerate their digital transformation. Investing to upscale your digital channels today will ensure you are ready to succeed in the new economy when global business bounces back,鈥� explained Wing Lee, Executive Director, IVC Solutions Limited. 鈥淲ith SAP, IVC has D-Biz packages on mobile sales platforms, robotic process automation, digital marketing, and more.鈥�

Organization-wide agility

The coronavirus pandemic has upended supply and demand and redefined business agility. Companies have had to find ways to equip employees to remain productive at home and to accelerate innovation.

鈥淭he more agile you are, the more innovative you can be,鈥� said Olivier Klein, Lead Technologist, Asia-Pacific, Amazon Web Services. 鈥淐loud computing services are proving to be vital at this time, with the pandemic driving businesses online and sparking rapid changes to business models. It鈥檚 about elasticity鈥攕o you can scale your computing resources as needed, and as such reduce the cost of experimentation, so you can reduce the cost of failure.鈥�

Maria Hui, Director, Marketing and Operations, Microsoft Hong Kong, focused on the need to empower individuals. 鈥淲ith organizations across all sectors having to move to remote work, everyone needs solutions that promote productivity, collaboration and creativity. It is also important to ensure the solutions enable employees to work in a secured manner anytime, anywhere. This is just as important for educators as it is for business leaders. In every sphere, organizations need the right platform, tools and partners to build the digital capability required to address these challenges,” she said.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries 鈥� powered by the world鈥檚 largest network of Advanced Technology and Intelligent Operations centers. With 509,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at .

About IVC

IVC Solutions Limited is an award-winning 51风流Gold Partner. IVC is the winner of both 2019 51风流Partner of the Year and 51风流S/4HANA Partner of the Year as well as the Recognized Expertise in SuccessFactors and Business One solutions. Our team of professional consultants are well equipped to provide 51风流solutions including but not limited to S/4HANA, C/4HANA, ByDesign, Business One, SuccessFactors, Ariba, Business Warehouse and Analytics Cloud etc. We offer professional implementation, training and support services to renowned customers in Greater China and London.

IVC is the SOLE training partner for 51风流in Hong Kong and Macau, providing a comprehensive suite of public and customized training, certification courses to ensure both individuals and businesses can enhance their knowledge and skills to meet their 51风流goals. Being a 51风流Gold Partner, IVC鈥檚 mission is to help customers sharpen their competitive edge in the challenging economy and win over their competitors with 51风流solutions.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

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% of the world鈥檚 transaction revenue touches an SAP庐 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 .

# # #

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.

For more information, press only:
Mr. Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1800, benson.chao@sap.com

The post Businesses Urged to Embrace Digitalization to Revitalize Hong Kong appeared first on Press Room 51风流Hong Kong.

Generali Life selected 51风流solutions as a key driver in its digital transformation to establish a robust and well-structured finance and data management infrastructure. Generali鈥檚 transformation is guided by its vision to address new financial reporting and regulatory requirements mandated by a new insurance industry standard IFRS 17.

To that end, Generali Life went live earlier this month with a number of 51风流solutions to automate business processes, enhance operational efficiency, generate business insights with a centralized financial data hub and integrate existing finance solutions to attain insurance industry compliance. The deployment included 51风流S/4HANA (including Enterprise Management, Business Planning and Consolidation, Intelligent Robotic Process Automation), 51风流BusinessObjects, 51风流Analytics Cloud for Business Intelligence and 51风流Digital Access. This go-live deployment in Hong Kong follows the Generali Group鈥檚 company-wide strategy to implement and integrate 51风流Financial Products Subledger solution around Asia.

Arsh Kaumi, Chief Financial Officer, Generali Life (Hong Kong) said, 鈥淕enerali Hong Kong always strives to be a pioneer in transformation. Our goal is to simplify operations and improve customer service. We achieved yet another milestone by implementing SAP. This eliminates manual tasks and reduces turn-around times by providing seamless integration with other systems. Our journey will continue by fully automating IFRS17 financial reporting, which will be one of the biggest changes in insurance accounting. The implementation was done in record time despite the challenges of Covid-19 and work from home arrangements. This can be attributed to excellent teamwork and a strong sense of shared responsibility for the delivery from our partner, SAP.鈥�

鈥淭he digital economy demands companies to harness technology to be intelligent enterprises and provide the best customer experience in their chosen fields,鈥� said Fabian Padilla Crisol, Managing Director, 51风流Hong Kong. 鈥淲ith our next-generation ERP solution, S/4HANA, and other technologies, Generali is in a position to generate real-time actionable financial analytics and incorporate innovation, such as machine learning, predictive insight and in-memory database, in its finance transformation. We look forward to supporting Generali Life to address evolving industry realities with data-driven insights and solidify its trajectory in its next phase of growth.鈥�

###

About Generali Hong Kong

Since the 1970s, Generali Hong Kong has enabled people to shape a safer future by caring for their lives and dreams. Over the years, we have come to understand the individual requirements of our customers, and are continuously adapting and innovating to meet their changing needs.

Through our extended distribution network of over 300 brokers and intermediaries, we combine our local knowledge with Generali Group鈥檚 global network and experience to design unique and innovative, yet straightforward and flexible life and general insurance solutions to ensure peace of mind for people in Hong Kong.

About Generali Group

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of more than 鈧� 69.7 billion in 2019. With nearly 72,000 employees serving 61 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali鈥檚 ambition is to be the life-time partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

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% of the world鈥檚 transaction revenue touches an SAP庐 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 .

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.

For more information, press only:
Mr. Benson Chao, 51风流Hong Kong Director of Corporate Communications, +852 2539 1800, benson.chao@sap.com

The post Generali Accelerates Finance Transformation in Hong Kong with 51风流Solutions appeared first on Press Room 51风流Hong Kong.