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With the SAP S/4HANA Cloud Public Edition 2402 update, we are bringing a new round of exciting innovations.

Over the last year, artificial intelligence (AI) has taken the world by storm and captured our collective imagination – and it has been a clear focus for us. We see a lot of potential in how AI can improve user and organizational productivity: doing things faster, making better decisions, and automating business processes. We have been embedding intelligent capabilities in our product regularly and will continue to invest in AI to help organizations be successful. 

Simply Ask Joule

Available through the SAP Early Adopter Care program, Joule, our AI-powered copilot, can redefine user interaction, streamline business processes, and enhance productivity. It can offer quick, contextual access to content and applications; users can simply ask Joule for guidance and get pointed in the right direction.

Catch a glimpse into the future of AI in ERP and find more information about the development of AI and Joule in SAP S/4HANA Cloud Public Edition here.

Improve Productivity with Embedded AI

The 2402 update also enhances productivity across various business processes through embedded AI capabilities. Examples include:

• Sales order auto-completion helps accelerate sales order creation and processing by providing smart input field recommendations.

Input recommendations for sales order completion. Click to enlarge.

• Automated material inspection helps streamline material inspection for customer returns, enhancing logistical efficiency and flexibility.

Automatic material inspection in customer returns. Click to enlarge. Adopt a Modern and Collaborative User Experience

The launch of spaces and pages in the SAP Fiori design system can offer a more intuitive user experience, enabling better task organization and quicker resource access. Highlights include:

• The new My Home space helps enhance personalization for end users, including personalization export/import and improved language support for System News. Watch a video to learn more.
• Collaborative stage view integration facilitates information sharing in Microsoft Teams, helping to enhance collaborative efforts across platforms. Watch a video to see it action.

Integration of collaborative stage view in Microsoft Teams. Click to enlarge.

• Contact card collaboration is now possible by initiating chats, calls, or video meetings directly from the To Do section in My Home. Watch a video to see how.

New features on My Home. Transforming to Intelligent and Sustainable Finance

One important aspect is treasury and risk management, where IDC MarketScape has positioned us as a leader for SaaS and cloud-enabled enterprise applications. Our latest finance enhancements are specifically designed to help elevate businesses into sustainable, intelligent enterprises:

• Enhanced compliance through improved risk management can increase transparency and process health, helping to ensure a more robust compliance structure in your financial operations.

Integration of risk management into financial compliance management.

• Integrated financial planning with CO2e insights in SAP Analytics Cloud allows planning alongside economic sustainability goals. This can provide a dual perspective on financial metrics and environmental impact, aiding in the development of eco-responsible strategies and identification of related financial risks.

Sustainability planning in integrated financial planning. Click to enlarge.

• The integration with Planon Real Estate focuses on seamless data management for enhanced efficiency in real estate and contract management processes.

Powering Service-Centric Companies

We have seen a spike in service-centric companies using SAP S/4HANA Cloud Public Edition and were named a leader in this area by Gartner. Based on feedback from our customers and partners, we are continuously improving the product experience. Examples include:

• The Project Control – Professional Services Projects app can offer a detailed project overview, enabling managers to monitor project health and address issues like missing time entries, pending invoices, or unassigned roles. This can allow for more proactive and efficient project management.

Project Control – Professional Services Projects app. Click to enlarge.

• The improved billing solution helps prevent revenue losses and streamline billing processes for increased flexibility and accuracy. Enhancements include editing billing due dates, merging billing plan items, and creating preliminary billing documents, all within the Manage Project Billing app.
• The SAP Business Technology Platform (SAP BTP)-based module of SAP Subscription Billing is tightly and seamlessly integrated. It can support customers’ transitions to subscription-based commercial models. Effective and detailed profitability analysis becomes instrumental to maximize revenue with tailored subscription-pricing models with the seamless support of profit centers. Take a look at our brand-new interactive value journey.
• Advanced solution order management can elevate your sales strategies. By integrating sales kits into solution orders, we provide the tools to help enhance your solution selling approach, working to ensure that every sales opportunity is maximized for optimal results, enhancing the process from ordering to billing and accounting.

Sales kits in solution orders. Click to enlarge. Boosting Manufacturing and Product-Centric Companies

The enhancements for product-centric companies help elevate operational efficiency, streamline processes, and unlock new revenue opportunities. Gartner named SAP S/4HANA Cloud Public Edition as a cloud ERP market leader for product-centric enterprises. Highlights of the 2402 update include:

• For manufacturing sectors operating under the produce and sell standard products model, we now offer integration between SAP S/4HANA Cloud Public Edition and the SAP Integrated Business Planning application for demand. This synergy allows you to leverage comprehensive data insights for precise production planning, helping to ensure that your manufacturing processes align seamlessly with market demand.
• Efficient third-party order processing (TPOP) is tailored for businesses in a two-tier ERP setting and can simplify direct shipments from suppliers to customers with enhanced order fulfillment, greater sourcing flexibility, and reduced logistical expenses.

Efficient third-party order processing. Click to enlarge.

• The automatic linkage of equipment to service contracts helps improve the combined sales of a physical good and a service and enables you to increase revenue by selling combinations of physical products, one-time services, and recurring services. This also helps to avoid errors and reduce manual effort.

Automatic linkage of equipment to service contracts. Click to enlarge. Enhancing Global Reach

We further invested in localization, so our software complies with local regulations and cultural norms:

• With the 2402 update we are introducing new local versions for Kuwait, Oman, Kazakhstan, and Slovenia to meet specific regional requirements.
• We extended the business scope in our standard 59 local versions, responding to customer needs and enhancing local compatibility.
• We enhanced scope in our Customer Local Version countries (formerly CLT) to include baseline, finance, and now product-centric capabilities, catering to a wider range of customer needs.

And So Much More…

Throughout this year, we will deliver many more innovations that help bring value to your business. For more details around what is being delivered for the 2402 update, see the SAP S/4HANA Cloud Public Edition release info. For more information on SAP S/4HANA Cloud Public Edition:

• Visit the SAP S/4HANA Cloud Public Edition community
• Watch product videos on our SAP S/4HANA Cloud YouTube playlist
• Explore the early release webinar series here
• See what’s new here
• Visit our product page on the SAP Help Portal site
• Explore extensibility options by leveraging sample scenarios from SAP in the SAP Extensibility Explorer tool
• Learn more about SAP Business AI

Arpan Shah is SVP of Public Cloud ERP Product Management at SAP.

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WALLDORF — SAP SE announced today its financial results for the fourth quarter and fiscal year ended December 31, 2023.

• SAP exceeds non-IFRS operating profit and cash flow outlook for FY 2023
• Cloud revenue up 20% and up 23% at constant currencies for FY 2023, underpinned by 25% cloud revenue growth at constant currencies in the fourth quarter
• Current cloud backlog of €13.7 billion, up 25% and up 27% at constant currencies
• IFRS cloud gross profit up 23%, non-IFRS cloud gross profit up 23% and up 27% at constant currencies in FY 2023
• IFRS operating profit down 5%, non-IFRS operating profit up 9% and up 13% at constant currencies in FY 2023
• 2024 outlook anticipates accelerating cloud revenue growth
• Planned transformation program including restructuring in 2024 reflects focus on scalability of operations and Business AI
• 2025 non-IFRS operating profit and free cash flow ambition updated to reflect updated non-IFRS definition as well as approximately half a billion Euro of incremental efficiency gains from the program

“SAP has delivered: We met or exceeded our outlook for 2023 in all key metrics. Based on a stellar order entry, our current cloud backlog expanded by 27% – an all-time high. We are confident about the company’s prospects in 2024. From this position of strength, SAP is opening the next chapter: with the planned transformation program, we are intensifying the shift of investments to strategic growth areas, above all Business AI. Going forward, this will empower us to keep leading with innovation while increasing the scalability of the operating model.”

Christian Klein, CEO

 

“2023 was a year of inflection. We kept our promise and achieved double-digit non-IFRS operating profit growth despite an adverse macro environment. In 2024, we will focus on putting the right gradient of earnings growth in place to deliver on our raised ambition for 2025 and sustain growth and financial performance beyond.”

Dominik Asam, CFO

Read the Quarterly Statement

Press Contacts:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET

WALLDORF — SAP SE (NYSE: SAP) announces plans to implement a company-wide transformation program including restructuring for 2024. In addition, SAP is updating its ambition for 2025. The update reflects the strong performance in the fourth quarter 2023, the updated non-IFRS definition of profit measures, as well as the anticipated benefits from the new program.

The updated 2025 non-IFRS operating profit ambition of approximately €10.0 billion now reflects share-based compensation expenses of approximately €2 billion. Based on SAP’s analysis, this profit ambition is materially ahead of corresponding analyst consensus estimates. In addition, the updated 2025 free cash flow ambition of approximately €8.0 billion is ahead of the latest analyst consensus. 

Ambition 2025

The update of the non-IFRS operating profit ambition includes a reduction by approximately €2 billion due to the inclusion of share-based compensation expenses under the updated non-IFRS definition, as well as an increase of approximately €0.5 billion due to anticipated incremental efficiency gains from the transformation program.

By 2025, SAP now expects:

• Non-IFRS cloud gross profit of approximately €16.2 billion, now including share-based compensation expenses of approximately €0.1 billion (previously: approximately €16.3 billion, excluding share-based compensation expenses)
• Non-IFRS operating profit of approximately €10.0 billion, now including share-based compensation expenses of approximately €2 billion (previously: approximately €11.5 billion, excluding share-based compensation expenses)
• Free cash flow of approximately €8.0 billion (previously: approximately €7.5 billion)

SAP continues to expect:

• Cloud revenue of more than €21.5 billion
• Total revenue of more than €37.5 billion
• A share of more predictable revenue of approximately 86%

The 2025 ambition is based on an exchange rate of 1.10 USD per EUR.

2024 Transformation Program: Focus on Scalability of Operations and Key Strategic Growth Areas

In 2024, SAP will further increase its focus on key strategic growth areas, in particular Business AI. It also intends to transform its operational setup to capture organizational synergies, AI-driven efficiencies and to prepare the company for highly scalable future revenue growth.

To this end and to ensure that SAP’s skill-set and resources continue to meet future business needs, SAP plans to execute a company-wide restructuring program in 2024. The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programs and internal re-skilling measures. Reflecting re-investments into strategic growth areas, SAP expects to exit 2024 at a headcount similar to current levels.

Restructuring expenses are preliminarily projected at around €2 billion, the vast majority of which is expected to be recognized in the first half of 2024, impacting IFRS operating profit. Excluding restructuring expenses, the program is expected to provide only a minor cost benefit in 2024. Expected cost savings and re-investments are fully reflected in SAP’s 2024 outlook and the updated 2025 non-IFRS operating profit- and free cash flow ambition.

Financial Outlook 2024

SAP’s business outlook, which includes the financial outlook 2024 as well as the financial ambition 2025, is based on SAP’s updated non-IFRS definition of profit measures which, beginning in 2024, include share-based compensation expenses and exclude gains and losses from equity securities, net.

Furthermore, the 2024 outlook and 2025 ambition for free cash flow assume all payouts associated with the planned restructuring program will be completed in 2024.

For 2024, SAP expects:

• €17.0 – 17.3 billion cloud revenue at constant currencies (2023: €13.66 billion), up 24% to 27% at constant currencies.
• €29.0 – 29.5 billion cloud and software revenue at constant currencies (2023: €26.93 billion), up 8% to 10% at constant currencies.
• €7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2023: €6.51 billion based on updated non-IFRS operating profit definition), up 17% to 21% at constant currencies.
• Free cash flow of approximately €3.5 billion (2023: €5.08 billion). This includes a preliminary €2 billion estimate for payouts associated with the program, a €0.2 billion impact from a settlement earlier this year of pre-existing regulatory compliance matters accrued in 2023, as well as a €0.2 billion adverse impact due to the discontinuation of the SAP-triggered financing program.
• A non-IFRS effective tax rate of approximately 32% (2023: 30.3% based on updated non-IFRS tax rate definition).

While SAP’s 2024 financial outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the Company progresses through the year.

SAP will publish its fourth quarter and full year 2023 results shortly after this release.

SAP senior management will discuss these items in more detail during its financial analyst conference call on Wednesday, January 24 at 7:00 a.m. CET/6:00 a.m. GMT/1:00 a.m. EST (Tuesday, January 23, at 10:00 p.m. PST), which will be webcast on the Company’s website at https://www.sap.com/investor and will be available for replay.

Visit the SAP News Center.Follow SAP at @SAPNews.

About SAP

SAP’s 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: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP 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 – 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, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.  

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, financial community:
Anthony Coletta, Chief Investor Relations Officer, +49 (6227) 7-60437, investor@sap.com

For more information, press:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET

Webcast
SAP senior management will host a financial analyst conference call on Wednesday, January 24 at 7:00 a.m. CET/6:00 a.m. GMT/1:00 a.m. EST (Tuesday, January 23 at 10:00 p.m. PST), followed by a press conference at 10:00 a.m. CET/9:00 a.m. GMT/4:00 a.m. EST /1:00 a.m. PST. Both conferences will be webcast on the Company’s website at https://www.sap.com/investor and will be available for replay.

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’s 2022 Annual Report on Form 20-F.
© 2024 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

Bitcoin ETFs were delayed because of politics. Now that we have clarity — along with seven deadlines between May and August — Ethereum ETFs aren't far away.

Companies are under tremendous pressure to remain competitive. This requires the reinvention of themselves and their offerings, along with their underlying IT systems – while still operating. And all of this needs talent.

In times of everything-as-a-service, it is important for SAP experts to build modular system architectures for the sustainable enterprise using SAP Business Technology Platform (SAP BTP). But unfortunately, according to ASUG, maintaining knowledgeable staff and internal skills hindered organizations’ technology and business progress.  

Acknowledging these challenges and embracing the power of SAP’s partner ecosystem, SAP has launched an enhanced partner experience on the SAP Learning site specifically tailored to the needs of partner learners. This new experience features curated SAP Learning Journeys, exclusive access to events and subject matter experts, plus the opportunity to earn valuable credentials.

And this SAP partner enablement model is not the typical training. As much as a golf coach can explain how to perfect a swing, true learning actually happens when golfers swing the clubs themselves. Similarly, the partner experience on SAP Learning can provide hands-on interaction designed to help build skills using practical scenarios. Additionally, our newly launched platform can give SAP partner learners access to the right resources for a significantly reduced price per user per year – including certifications. 

Explore learning resources tailored exclusively for our partner ecosystem Learn more

Beginning January 2024, SAP partners accessing the new learning experience will receive the following:

• Free, self-paced courses that can enable learners to quickly upskill, reskill, and stay up-to-date, offering engaging learning, rightsized to fit the learner’s day-to-day work needs
• Partner-specific SAP Learning Journeys that can enable partners to become an extension of the SAP team
• Enhanced analytics, providing the ability to map and track individual skills and to monitor the growth of certified consultants and active learners
• Access to expert-led live sessions
• Unlimited on-demand access to hands-on practice systems
• Four certification exam attempts
• A single starting point for partner digital learning with AI-supported search across content repositories

Keeping skills current is the key to unlocking success, and it ensures access to future job opportunities. It is important to stay relevant in the work that SAP professionals do as businesses transform. That is why SAP helps make it easier to stay up-to-date with certifications:

• Certification validity will be 12 months from the assessment completion date to the next checkpoint. This supports professionals in staying up to speed with innovations and new methodologies.  
• SAP is transforming certifications to become role-based – such as, enterprise architect or backend developer – adapting the learning efforts to the needs of the partner consultants. This shift aligns better with the needs of the learner, thus making the training more efficient.

With the new partner experience on SAP Learning, partner learners can access free content and take advantage of reduced fees for premium SAP partner enablement. They can also get more chances to earn certifications and benefit from extended certification validity and personalized role-based training.

Doubling down on SAP’s cloud-only innovation strategy, we continue to focus on developing new talent and capacity in the ecosystem to support the increased future demand for cloud transformation across our customer base.

For more information, visit the partner experience section on the SAP Learning site. 

SAP Partner Live: SAP Global Partner Kick-Off 2024

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Tine Vandenbreeden is global VP of Digital Partner Learning at SAP.

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