Almost 1,400 prospects and companions got here collectively in Las Vegas, Nevada, to witness the ability of SAP’s spend administration and enterprise community options at SAP Spend Join Dwell. Better of all, attendees left with new methods to reinforce productiveness, strategically collaborate, guarantee easy compliance, and achieve crucial enterprise insights.
In case you missed out on the motion, we unveiled the next cutting-edge improvements in our market-leading options:
- SAP Ariba Consumption Administration is our latest answer that helps automate procurement request creation and orchestrate routing and assist throughout numerous procurement landscapes and sophisticated workflows. It may join totally different methods into one central location for procurement inquiries and standing updates, so workers can adhere to your group’s insurance policies and adjust to mandatory rules.
- SAP’s generative AI copilot Joule will likely be seamlessly built-in throughout SAP Ariba options, SAP Enterprise Community, and SAP Fieldglass options. Joule can allow customers to handle their most necessary duties shortly and precisely throughout all areas of SAP’s spend administration portfolio.
- The promote subscription for SAP Enterprise Community can empower suppliers to seek out new enterprise, enhance match potential, and construct relationships with consumers utilizing the community catalog. Out there early subsequent 12 months, it consists of generative AI instruments to assist suppliers load their full suite of choices into the community catalog quicker and with enhanced product descriptions and summaries.
- New analytics capabilities in SAP Fieldglass options can ship next-level insights into your exterior workforce for reporting, analytics, and market insights all inside SAP Fieldglass.
Learn this text from my colleague Manoj Swaminathan to study extra about our newest spend administration and enterprise community enhancements.
Main manufacturers akin to Goldman Sachs, Kraft-Heinz, Thermo Fisher Scientific, Uber, and Warner Music Group joined us on the occasion to share how they revolutionized their spend administration processes with our options. Try SAP Spend Join Digital to listen to these tales and think about breakout classes, technique talks, and answer deep dives. This free, digital occasion is your alternative to study from SAP specialists, prospects, and companions.
Thank You, IDC
As a pacesetter in spend administration software program, SAP is devoted to serving to our prospects improve management and enterprise resilience by comprehensively managing all sources of spend. Laborious work pays off, as SAP has retained the No.1 place for market share with 49.6% of 2023 market share for Journey and Expense Administration Software program, in line with the IDC Worldwide Journey and Expense Administration Software program Market Shares 2023 (doc #US51658524, August 2024) report. That is progress from our 2022 market share of 49.4%.
Additionally thrilling, SAP has retained the No.1 place for market share for Procurement Functions in line with the IDC Worldwide Procurement Functions Market Shares 2023 (doc #US52580824, September 2024) report. IDC estimates that SAP holds a 27.3% market share for 2023, sustaining the highest spot forward of the following six distributors mixed.
Moreover, we’re honored to win two IDC SaaS CSAT awards for Accounts Payable and Contract Lifecycle Administration. These awards acknowledge the main software-as-a-service (SaaS) distributors in every utility market, throughout 23 markets, that obtain the very best buyer satisfaction scores based mostly on IDC’s SaaSPath Survey.
Our Buyer Awards Attain New Heights
Each quarter, G2 highlights the top-rated options within the business, chosen by the supply that issues most: our prospects. Q3 was our most profitable quarter but relating to G2 honors, with SAP Ariba, SAP Enterprise Community, SAP Concur, and SAP Fieldglass bringing in a whopping 93 awards throughout a number of classes on the Fall 2024 G2 awards!
SAP was named a Chief within the following classes:
- SAP Ariba is a G2 Fall 2024 Chief in Procure to Pay, Strategic Sourcing, and Provider Relationship Administration.
- SAP Enterprise Community is a G2 Fall 2024 Chief in Provide Chain Enterprise Networks.
- SAP Concur is a G2 Fall 2024 Chief in Expense, Journey & Expense, and Invoicing.
- SAP Fieldglass is a G2 Fall 2024 Chief in Vendor Administration.
What’s extra, SAP Ariba, SAP Concur, and SAP Fieldglass have additionally gained Purchaser’s Selection awards from TrustRadius. Winners of a Purchaser’s Selection award are decided by 75% of reviewers deciding on an answer for finest capabilities, finest worth for value, and finest buyer relationship.
We couldn’t be extra grateful to our prospects for partnering with us on their spend administration transformation journeys, and we’re honored that the sensation is mutual!
Successful awards from our prospects is superior, however successful with prospects is further particular. Final month, buyer and SAP Spend Join Dwell in 2024 speaker Daniel Chapman of Warner Music gained a SIG Way forward for Sourcing award within the Innovation in Sourcing class: “Creating Concord in Music Procurement: Warner Music Group and SAP.” This award acknowledges organizations and people that present innovation, management, and transformation in classes crucial to the sourcing business, and we couldn’t be happier about this win.
Final however undoubtedly not least, I wish to congratulate our buyer Capgemini for successful a prestigious SuperNova2024 award from Constellation Analysis within the Way forward for Work: Human Capital Administration class. The award acknowledges Capgemini’s revolutionary use of SAP Fieldglass Contingent Workforce Administration to optimize its international exterior workforce, leading to improved effectivity, price financial savings, and high quality requirements.
New Developments on the Horizon
With 2025 simply across the nook, I wish to thank our prospects for betting massive on themselves by investing in our cutting-edge spend administration and enterprise community options. In a time marked by provide chain disruptions and ongoing financial uncertainty, it’s all too simple for companies to stay with the established order. Nonetheless, SAP prospects are totally different. They deal with obstacles head-on, remodeling them into alternatives. And their foresight to plan for the longer term is why they may proceed to achieve success.
Thanks for selecting SAP to assist remedy your largest challenges. I loved seeing so a lot of you at SAP Spend Join Dwell and I can’t wait to meet up with the remainder of you on the street.
Jeff Collier is chief income officer for SAP Clever Spend and Enterprise Community.