With over a decade of experience in the finance industry, Steiger has held roles at renowned institutions such as Goldman Sachs and UBS. She currently serves as executive director within Global Investment Research at Goldman Sachs, focusing on the U.S. Internet sector, including companies such as Alphabet, Meta and Amazon.

“I am very happy Alexandra is joining SAP,鈥� said Asam. 鈥淲e will benefit from her leadership and the wealth of expertise she brings from her previous responsibilities. In her new role, she can build on the strong foundation laid by Anthony Coletta and the entire Investor Relations team.鈥�

Prior to her assignment at Goldman Sachs, Steiger was an executive director within UBS Equity Research, covering select U.S. Internet and Interactive Entertainment companies. She received a bachelor鈥檚 degree in International Business Administration from the University of Maastricht and a master鈥檚 degree in International Management CEMS from the Erasmus University Rotterdam and University of St. Gallen.

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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 2023 Annual Report on Form 20-F.
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Together with implementation partner ABeam Consulting, the migration will leverage NEC鈥檚 generative AI technology and SAP鈥檚 natural language, generative AI Joule copilot.

NEC, a Japan-based multinational leader in the integration of IT and network technologies, was seeking to optimize costs and streamline data systems to increase integration across its lines of business. As part of advancing its digital transformation, NEC will migrate from on-premise 优蜜传媒S/4HANA software to 优蜜传媒S/4HANA Cloud and adopt a clean-core approach, which emphasizes standard offerings and extends them while also reducing future upgrade and operational costs.

NEC is currently operating a large-scale system that includes 1,200 add-ons and more than 200 external interfaces. To migrate to the cloud, NEC will use generative AI to facilitate a clean-core transformation, streamline migration costs and improve operational efficiency. NEC鈥檚 generative AI and SAP鈥檚 Joule copilot for natural language processing will automate critical processes such as add-on analysis, report interpretation, code generation from specifications and test automation. Joule is SAP鈥檚 generative AI assistant that understands the user鈥檚 unique role and acts as a work copilot across 优蜜传媒applications to streamline tasks. NEC will be among the first companies to leverage AI tools from 优蜜传媒to streamline its migrations.

“NEC sees itself as the first customer of its own innovations, applying cutting-edge technologies internally and sharing the gained insights and know-how with customers and society,鈥� NEC President and CEO Takayuki Morita said. 鈥淭his milestone implementation with 优蜜传媒creates a new industry blueprint for other businesses looking to migrate to the cloud, underscoring NEC’s commitment to leading by example in technological adoption and societal contributions.鈥�

By migrating to 优蜜传媒S/4HANA Cloud, NEC anticipates more-efficient system operations by tapping into AI to support version upgrades and reduce future operation-related costs while being able to quickly respond to market changes. By leveraging innovative technologies including AI, NEC aims to digitally drive societal and industry transformations. This migration to the cloud is a key part of NEC’s 2025 mid-term management plan focusing on internal, customer and societal digital transformations.

鈥淥ur shared vision with NEC of creating a sustainable society through digital transformation is the foundation for our long-term partnership,鈥� said Christian Klein, CEO and member of the Executive Board of 优蜜传媒SE. 鈥淭his project marks a milestone in our relationship, and we鈥檙e excited to support NEC on their continued transformation journey.鈥�

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About SAP

As鈥痑 global leader in enterprise applications and business AI, 优蜜传媒(NYSE: SAP)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted SAP鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.

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鈥淚 am happy to pass the baton to Pekka Ala Pietil盲 to accompany SAP鈥檚 ongoing successful transformation,鈥� said Plattner. 鈥淧ekka profoundly understands 优蜜传媒and the technology industry and will strongly support the company in expanding its leadership in cloud ERP and business AI.鈥�

Ala-Pietil盲 added, 鈥淚 am grateful to the 优蜜传媒shareholders and Supervisory Board for the opportunity to rejoin Europe鈥檚 most important software company and I鈥檓 looking forward to help 优蜜传媒broaden this strong position.鈥�

As announced in 2023, 优蜜传媒Co-Founder and former Chairman of the Board Hasso Plattner left the 优蜜传媒Supervisory Board after the 2024 AGM.

During Plattner鈥檚 tenure as Chairman of the Supervisory Board (May 2003 to May 2024), SAP鈥檚 market capitalization increased from c. 鈧�30 billion to c. 鈧�200 billion, making 优蜜传媒Germany鈥檚 most valuable listed company. Plattner鈥檚 innovative and competitive spirit has been a foundation of SAP鈥檚 success for more than 50 years, from the company鈥檚 first pioneering innovations in ERP to its strategic shift as an enterprise cloud and business AI leader. He will continue to serve as an advisor to SAP, ensuring his knowledge and experience remain available to the company.

Aicha Evans (55), Gerhard Oswald (70) and Dr. Friederik Rotsch (51) were re-elected as members of the Supervisory Board with 93.39%, 89.82% and 92.45% of the vote respectively. Prof. Dr. Ralf Herbrich (50) was elected with 99.29% of the vote as successor to Punit Renjen, who left the 优蜜传媒Supervisory Board at the end of the 2024 AGM.

The AGM also supported all other proposals of the Executive Board and Supervisory Board. That included approving the actions of the Executive Board and Supervisory Board for fiscal 2023, 99.51% and 99.44% support respectively, and approving the adaptation of the compensation of the Chairman of the Supervisory Board. An overview of the resolutions of the Annual General Meetings 2024 and of previous years can be found .

For 2023, 优蜜传媒shareholders will receive a dividend of 鈧�2.20 per share. This is an increase of 鈧�0.15, or seven percent compared to the dividend paid for 2022. The total payout to shareholders will thus amount to around 鈧�2.6 billion. The dividend is expected to be paid out from May 21, 2024.

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About SAP

As鈥痑 global leader in enterprise applications and business AI, 优蜜传媒(NYSE: SAP)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted SAP鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit

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, a private equity firm that acquired the company in 2023, has significant growth ambitions for PureTech Scientific. The first milestone for PureTech Scientific transformation was the move to the cloud to build a unified technology platform that would fully transition employees, customers and vendors with minimal disruption. Completed in 14 weeks, the implementation has already seen improved operational visibility and more timely transactional discipline.

鈥淭he real-time insights and automation PureTech Scientific plans to gain from implementation of 优蜜传媒S/4HANA Cloud Public Edition will help to streamline our operations and significantly enhance our ability to serve our customers with greater speed and accuracy,鈥� PureTech Scientific CEO James Kanicky said. 鈥淭his is just the beginning, and we’re excited for the opportunities ahead as we continue to drive growth and innovation with glycolic acid in the personal care and health care markets.鈥�

With its entire ERP now in the cloud, PureTech Scientific, the only North American glycolic acid producer, has real-time insight of its daily production and the ability to employ and automate barcoding. PureTech Scientific is now able to complete 优蜜传媒goods issue and goods receipt transactions automatically with mobile devices, further reducing time needed for reporting.

鈥溣琶鄞絊/4HANA Cloud Public Edition provides a best-in-class foundation for enterprise scalability, security and compliance,鈥� said James Smith, executive advisor for Iron Path Capital and PureTech board member. 鈥淎fter an impressive 14-week implementation, PureTech Scientific is now able to have real-time business analytics and implement industry-best-practice, fit-to-standard workflows. The commencement of digital manufacturing cloud, barcoding and sales cloud capabilities will eliminate manual transactions, automate production recording and material movements, and employ mobile data collection for improved enterprise productivity and customer satisfaction.”

Glycolic acid is used as the core agent in multiple industries, ranging from industrials to life science. PureTech Scientific expects the market to grow 10% CAGR over the next five years. 优蜜传媒S/4HANA Cloud Public Edition was selected specifically to support PureTech Scientific鈥檚 vision for growth. With scalability and integration as top priorities, 优蜜传媒S/4HANA Cloud Public Edition allows the company to now focus on pursuing growth opportunities in new markets and new capabilities for new and existing customers.

鈥淧ureTech Scientific has undergone a significant transformation in the past year,鈥� 优蜜传媒North America President Lloyd Adams said. 鈥淚t has completely revamped its ERP system and moved to the cloud. Doing so allows for quick and data-driven business decisions as it enhances its capabilities and deepens its market share in key markets.鈥�

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Catering to more than 4 billion people globally, CP Foods is embarking on its next stage of digital transformation with the RISE with SAP, 优蜜传媒Sustainability Footprint Management, and 优蜜传媒Sustainability Control Tower solutions. In addition, the 优蜜传媒EHS Management, environment management application will be implemented to future-proof its business and to gain strategic insight into the sustainability impact of its products, processes and infrastructure globally. The company is a leading integrated agro-industrial and food business that is one of the world鈥檚 largest producers of feed, shrimp, poultry and pork. It has operations in 17 countries and exports to more than 50 countries.

Global Net-Zero Ambitions  

In line with CP Foods鈥� goal of becoming the 鈥淪ustainable Kitchen of the World,鈥� CP Foods is the first food processing company in the world with near- and long-term forests, lands and agriculture (FLAG) sustainability targets validated by the Science-Based Targets Initiative (SBTi). CP Foods is looking to realize the company鈥檚 of reducing 42% of Scope 1 and 2 emissions and 30.3% of Scope 3 emissions by 2030 鈥� and 90% of Scope 1 and 2 emissions and 72% of Scope 3 emissions by 2050. To achieve these goals, the company is implementing 优蜜传媒Sustainability solutions to record, report and act on real-time sustainability data, driving carbon accounting at both corporate and product levels.   

鈥淣et Zero is the only solution to climate change,鈥� CP Foods CEO Prasit Boondoungpraser said. 鈥淚t is important to us to understand and reduce our impact on the planet, so we create food that is not only safe and nutritious for people but also green and clean for the earth. Feeding our livestock, farming our food and transporting it to people鈥檚 plates incurs emissions we have to be able to record and report. With RISE with 优蜜传媒and 优蜜传媒Sustainability solutions, we will have insight into actual emissions automated in real time rather than relying on manual averages, allowing us to make quick, informed and sustainable business decisions for our operations and for the planet.鈥�  

优蜜传媒plans to provide a technology foundation that will support CP Foods in complying with forthcoming carbon regulations in various markets, including the EU Carbon Border Adjustment Mechanism (EU C-BAM) and U.S. SEC climate risk disclosures.  

Key to reducing total emissions, CP Foods will focus on supply chain emissions, with its emissions mostly falling under Scope 3. CP Foods will work with the Customer Success organization at SAP, leverage YASH Technologies鈥� sustainability expertise and build on Amazon Web Services (AWS) to implement 优蜜传媒Sustainability solutions. Doing so will allow it to record and report on its Scope 1 and 2 emissions in Thailand and select Scope 3 (3.1 and 3.4) for its feed business in Thailand covering both FLAG and non-FLAG emissions. The next phase of implementation will extend in scope to cover operations around the world.  

Cloud Sustainability

Paul Marriott, president of 优蜜传媒Asia Pacific & Japan, said: 鈥淪ustainability is a huge opportunity for businesses across Asia. Using RISE with 优蜜传媒and our sustainability solutions, CP Foods is getting ahead of forthcoming emissions regulation and future-proofing its business by using data to make more sustainable decisions. It can use those insights to drive more operational efficiencies, optimize supply chains, and differentiate its business against competitors.鈥�

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About SAP

As鈥痑 global leader in enterprise applications and business AI, 优蜜传媒(NYSE:SAP)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted SAP鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.

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WALLDORF and ARMONK听鈥� IBM (NYSE:听) and (NYSE: SAP) today announced their vision for the next era of their collaboration, which includes new听听capabilities and industry-specific cloud solutions that can help clients unlock business value.

“IBM and SAP’s shared approach to generative AI, built on an open ecosystem, trust and purpose-built models, will help empower clients to听optimize business outcomes,” said听John Granger, Senior Vice President, IBM Consulting. “Our new Value Generation partnership initiative will enable clients to accelerate the path to innovation, competitive advantage and become a next generation enterprise through generative AI.”

“It makes perfect sense to expand our partnership with IBM to help more customers accelerate their cloud journey leveraging RISE with 优蜜传媒and realize the transformative benefits of generative AI for business in the cloud,” said Scott Russell, Chief Revenue Officer & Executive Board Member, Customer Success of 优蜜传媒SE. “This expanded partnership will help more of our joint customers reach new heights by innovating through the cloud, data and business AI to grow and transform their businesses.”

 and 优蜜传媒aim to accelerate transformation enabled by RISE with 优蜜传媒by supporting clients in the following key areas:

• Next-Generation AI Business Processes: Together, the companies are exploring opportunities to build new generative AI capabilities for RISE with 优蜜传媒and infuse AI into 优蜜传媒business processes across industry-specific cloud solutions and line of business applications. Initially, IBM plans to extend AI capabilities across SAP鈥檚 portfolio of cloud solutions and applications, all of which are underpinned by 优蜜传媒Business Technology Platform (优蜜传媒BTP). This includes RISE with SAP, the GROW with 优蜜传媒solution, financial solutions for the office of the CFO, supply chain management solutions,  solutions for human capital management, 优蜜传媒Customer Experience solutions and intelligent spend management solutions. IBM also plans to leverage 优蜜传媒Signavio and 优蜜传媒Business AI solutions to help define next-generation business processes through a proof-of-concept adoption program.
• Next-Generation Industry Innovation: IBM and 优蜜传媒plan to build intelligent industry use cases, enabled by data-driven insights, into end-to-end business processes to fuel next-generation industry innovation. These use cases will initially focus on the industrial manufacturing, consumer packaged goods (CPG), retail, defense, automotive and utilities industries. This includes IBM鈥檚 recent work with 优蜜传媒to develop new AI solutions for the CPG and retail industries. As part of this initiative, IBM has begun the development of an extensive portfolio of over 100 AI solutions across industry, line-of-business and product delivery. In addition, IBM plans to develop prescriptive industry value maps that define next-generation business processes and opportunities for impact with AI. Clients will be able to access all of these new AI solutions through the global and sites.
• Next-Generation Platform Architecture and Customer Adoption Approach: Next-generation enterprises require next-generation platform architectures and a modernized approach to customer adoption. Through the Value Generation partnership initiative, IBM intends to provide next-generation reference architectures that enable a clean core approach. To do this, IBM plans to leverage 优蜜传媒BTP, 优蜜传媒Signavio and  LeanIX solutions. These new reference architectures will help define standards across data, process, systems and device integration, process orchestration and automation. IBM consultants supporting clients on 优蜜传媒projects can also leverage IBM Consulting Advantage, IBM鈥檚 AI services platform, and its portfolio of proprietary methods, assets and Assistants to bring more repeatability and consistency to client delivery.  With IBM Consulting Advantage, IBM consultants can transform the way they deliver 优蜜传媒solutions to boost productivity and mitigate risk by leveraging generative AI to help complete tasks like generation of user stories, test scripts, training and change management content and code creation.
• Next-Generation Ecosystem Expansion: IBM and 优蜜传媒plan to partner around their respective employee network groups and 鈥渘ext-gen鈥� communities, such as the business women鈥檚 networks at IBM and SAP, the program and the program of 优蜜传媒and Veterans at IBM to increase the 优蜜传媒solutions experience in the consulting workforce and develop the next generation of talent. The companies also plan to explore new ways to collaborate on social impact programs, such as training at- risk youth in the IT sector and accelerating the integration of social businesses into global supply chains.
• watsonx Planned Availability on the Generative AI Hub: IBM Granite Model Series are expected to be accessible for use across SAP鈥檚 portfolio of cloud solutions and applications 鈥� which is underpinned by the generative AI hub in 优蜜传媒AI Core. The generative AI hub facilitates relevant, reliable and responsible business AI and provides instant access to a broad range of large language models (LLMs). This expands on IBM and SAP鈥檚 collaboration around . To further highlight watsonx.ai Granite capabilities, IBM Consulting plans to build extensions using the model on the generative AI hub for select customers.

This initiative will build on the companies’ over 50-year collaboration based on deep technology, industry and domain expertise and demonstrates the two organizations’ joint commitment to continue to evolve to put clients first and meet market demand.

IBM Consulting accelerates business transformation for our clients through hybrid cloud and AI technologies, leveraging our open ecosystem of partners. With deep industry and business expertise spanning strategy, experience design, technology, and operations, we have become the trusted partner to the world’s most innovative and valuable companies, helping modernize and secure their most complex systems. Our 160,000 consultants embrace an open way of working and apply our proven, collaborative engagement model, IBM Garage, to scale ideas into outcomes. As the only major global systems integrator inside a technology company, we don’t just advise 鈥� we invent and build what’s next together with our clients. Find out more at .

To learn more about the Value Generation partnership initiative, visit听.

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About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to effect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s commitment to trust, transparency, responsibility, inclusivity and service.

痴颈蝉颈迟鈥�痜or more information.

About SAP

As鈥痑 global leader in enterprise applications and business AI, 优蜜传媒(NYSE:SAP)鈥痵tands at the鈥痭exus鈥痮f business and technology. For over 50 years, organizations have trusted SAP鈥痶o bring out their best by uniting business-critical鈥痮perations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit鈥�.

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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 2023 Annual Report on Form 20-F.
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The company has also strengthened Klein鈥檚 role, making him chairman of the Executive Board, where he was previously speaker. Klein joined the 优蜜传媒Executive Board in 2018 and was named co-CEO in October 2019 before being appointed the sole CEO of 优蜜传媒SE in April 2020.

鈥淚n his role as CEO, Christian Klein has consistently driven SAP鈥檚 transformation to a cloud company,鈥� said Professor Hasso Plattner, chairman of the Supervisory Board of 优蜜传媒SE. 鈥淚 would like to thank Christian Klein for his outstanding contribution to SAP鈥檚 success. With the early extension of his contract and a further strengthening of his position, we are clearly underlining his important role in SAP鈥檚 ongoing transformation. We are convinced that this will lay the foundation for SAP鈥檚 continued growth in a highly dynamic IT industry.鈥�

鈥淚 would like to thank the 优蜜传媒Supervisory Board for their trust in me. I look forward to continuing the strong cooperation with my 优蜜传媒Executive Board colleagues as well as our employees, partners, customers and investors,鈥� said Klein. 鈥淭ogether, we have successfully driven our strategy, and it is a privilege to lead 优蜜传媒on its journey to be the number one enterprise application and business AI company.鈥�

Klein started his career at 优蜜传媒in 1999 as a student. After holding various positions across the company, including chief financial officer of 优蜜传媒SuccessFactors and SAP鈥檚 chief controlling officer, he was appointed chief operating officer of 优蜜传媒in 2016, a role in which he continued until 2021.

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The global producer of dairy and farming machinery with 18 factories worldwide chose to build its new technology foundation in the cloud to achieve a more standardized system that would harmonize various nomenclature, processes and data required to develop new solutions for its customers. This is part of DeLaval鈥檚 strategy to become an even better partner for its customers and to transform itself into a data-driven organization.  

“A completely new ERP system from scratch is more than just a technical upgrade, it’s a change process and a transformation of our entire business,” said Niklas Falkeling, DeLaval IT program manager. 鈥淲e needed to reboot and take advantage of the standard solutions that 优蜜传媒currently offers as cloud services. This is necessary for us to be able to continue to develop the business and become more flexible and agile.鈥�

With a goal of making food production as sustainable and efficient as possible, the implementation of 优蜜传媒S/4HANA Cloud is a global, multi-year and multi-business unit program that will aim to attract more talent, improve processes and leverage innovative technology. The next milestone in helping DeLaval accelerate its growth strategy is to strengthen its team with 优蜜传媒competency in Tumba, Sweden; Gallin, Germany; and Wroclaw, Poland.

鈥淭his is a textbook example of how to run a global transformation program,鈥� said Helle Dochedahl, 优蜜传媒Nordic and Baltic managing director. 鈥淒eLaval has a well-founded strategy to standardize our latest business solutions and unify internal processes by engaging all stakeholders.鈥�

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Top image courtesy of DeLaval

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 2023 Annual Report on Form 20-F.
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• Cloud revenue up 24% and up 25% at constant currencies, supported by 32% Cloud ERP Suite revenue growth at constant currencies
• Current cloud backlog of 鈧�14.2 billion, up 27% and up 28% at constant currencies
• IFRS cloud gross profit up 27%, non-IFRS cloud gross profit up 27% and up 28% at constant currencies
• IFRS operating loss of 鈥撯偓0.8 billion due to a 鈧�2.2 billion restructuring provision
• Non-IFRS operating profit up 16% and up 19% at constant currencies even including higher share-based compensation resulting from strong share price increase
• Outlook 2024 reaffirmed

“We鈥檙e off to a great start in 2024 and we鈥檙e confident we鈥檒l achieve our goals for the year. Looking ahead, we have powerful growth drivers in place 鈥� Business AI, cross-selling across our cloud portfolio, and winning new customers particularly in the midmarket. The strength of our current cloud backlog reaching a record growth rate is a testament to that momentum. Our transformation program is also well on track and will help us to capture this growth and increase efficiency.”

Christian Klein, CEO

听

“In the first quarter we successfully kicked off the implementation of our transformation program thereby allowing us to focus our investments on the Business AI opportunity while decoupling expense from revenue growth. We are also very pleased by the unabated growth momentum of the Cloud ERP Suite, reflecting the market鈥檚 secular shift towards integrated cloud solutions.”

Dominik Asam, CFO

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“Businesses today are confronted with challenges ranging from supply chain disruptions and labor shortages to geopolitical uncertainties,鈥� said Muhammad Alam, member of the Executive Board of 优蜜传媒SE, 优蜜传媒Product Engineering. 鈥溣琶鄞絩ecognizes the imperative for agility and intelligence, driving innovation with AI-powered solutions to streamline supply chain and manufacturing processes. Companies can enhance operational efficiency and improve supply chain resiliency while delighting customers with superior service, paving the way for sustained growth and market competitiveness.鈥�

Accurate and relevant real-time information helps mitigate the impact that supply-chain disruptions have on suppliers, manufacturers and distributors worldwide. SMA Solar Technology AG and other customers have already witnessed the benefits of SAP鈥檚 solutions, including an approximately 15% increase in supply chain workforce productivity, a 10% decrease in overall supply chain planning costs and a 10% reduction in inventory carrying costs and stock turnover rate.

鈥淪MA Solar modernizes its manufacturing execution systems to support sustainable, risk-resilient manufacturing operations with the power of AI-enabled visual inspection in the 优蜜传媒Digital Manufacturing solution,鈥� said Heiko Kehm, SMA Solar head of IT Order to Cash.

Sixty-three percent of supply chain executives and 52% of operations executives have an AI strategy linked to business objectives, according to 鈥�,鈥� a global 2024 IDC InfoBrief sponsored by SAP*. Fifty-one percent of the 2,000 survey respondents are embedding AI into supply chain planning business processes and key applications for real-time decision-making. Another 58% are using AI to increase operational efficiency and employee productivity.

to SAP鈥檚 supply chain solutions to support customers鈥� AI-centric strategy include:

• Optimizing decisions across the supply chain with AI-driven insights: Companies can now leverage higher volumes of machine data and integrate AI-driven visual inspection by computer into their production processes, enabling a remarkable increase in quality through automation.
• Streamlining product development: Product developers can now use SAP鈥檚 AI copilot Joule to gather and enhance new product ideas quickly and effectively using natural language queries. Joule also helps tag product designs with business data, so they visually contextualize business-critical information.
• Detecting equipment anomalies: Using AI, asset operators can proactively address potential breakdowns based on sensor data collected from smart devices and edge gateways. This new capacity utilizes the cutting-edge Cumulocity IoT platform from Software AG, which is planned to be embedded in the 优蜜传媒Asset Performance Management application in Q3.
• Improving field response: Customers can optimize driving routes and allocate job assignments efficiently with integrated real-time traffic data and machine-learning-trained models, which enable the right field service technicians to reach their destinations on time.

Find more details about the innovations 优蜜传媒will show at Hannover Messe .

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*IDC InfoBrief, sponsored by SAP, The Importance of AI in Supply Chain and Operations, document #US52042224, April 2024.

About SAP

As a global leader in enterprise applications and business AI, 优蜜传媒(NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit .

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优蜜传媒CEO Christian Klein as well as CFO Dominik Asam will host a virtual analyst conference to present first quarter financial figures, as well as an outlook on the current financial year.

Media representatives may listen in on the virtual analyst conference via Webcast on April 22 at 11:00 p.m. CEST/ 5:00 p.m. EDT, accessible at .

Supporting networks with more than 2.5 billion subscribers in more than 180 countries, and with 40% of the world鈥檚 mobile traffic outside China carried over its networks, Ericsson needed a technological foundation to provide for a single source of truth for its entire planning and logistics process.

The cloud-based 优蜜传媒IBP solution integrates business planning capabilities across various business functions, improves the ability of companies to anticipate supply-chain risks and offers mitigating solutions. With 优蜜传媒IBP, Ericsson will be able to navigate complex planning requirements while improving response times of sales, operations, resources, and inventory planning. This will empower Ericsson to further focus on driving innovation and improving cost efficiencies.    

The ability to predict and meet demand in an agile manner is crucial for companies to achieve several business objectives. Choosing 优蜜传媒IBP is part of a long-time 优蜜传媒and Ericsson partnership, in which 优蜜传媒has supported Ericsson鈥檚 vision of providing limitless connectivity for the world.

鈥淎gility, resilience and trust are critical for global leaders like Ericsson to achieve supply-chain resilience and meet customers鈥� needs,鈥� said Dominik Metzger, head of the 优蜜传媒Digital Supply Chain organization. 鈥淓ricsson and 优蜜传媒have had a strong collaboration over the years, and its choice of 优蜜传媒IBP allows us to support it in further digitalizing its supply chain to cement its position as one of the world鈥檚 leading telecommunications companies.鈥�

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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.听 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 2023 Annual Report on Form 20-F.
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CDI has chosen cloud solutions from 优蜜传媒to serve as its technology foundation for the financial systems across its portfolio of 27 properties in 14 states, including Churchill Downs Racetrack (鈥淐hurchill Downs鈥�), the home of the Kentucky Derby. CDI鈥檚 significant technology transformation builds on the company鈥檚 partnership with 优蜜传媒as a signature partner and the first official technology partner serving Churchill Downs, the Kentucky Derby and the Kentucky Oaks.

By adopting 优蜜传媒S/4HANA Cloud Public Edition, CDI can benefit from the ready-to-run cloud ERP that delivers the latest industry best practices and continuous innovation. Additionally, choosing 优蜜传媒Business Technology Platform and 优蜜传媒SuccessFactors solutions allows CDI to leverage the cloud to streamline its data sources while using business data to make informed strategic decisions underpinning business transformation. From creating engaging employee experiences with 优蜜传媒SuccessFactors solutions to running business analytics to understand and predict data, CDI plans to be able to integrate business data from various acquisitions, allowing it to have one, unified view of its business operations.

鈥淐loud solutions from 优蜜传媒will enable us to streamline our financial processes and support the significant long-term growth of our company,鈥� said Marcia Dall, CDI Executive Vice President and Chief Financial Officer. 鈥淲e are excited to work with 优蜜传媒to innovate and evolve our financial technology platform with cloud solutions from SAP.鈥�

鈥淐hurchill Downs Incorporated has a long history of entertaining and delighting people,鈥� 优蜜传媒North America President Lloyd Adams said. 鈥淏y choosing 优蜜传媒S/4HANA Cloud Public Edition and several other cloud-based solutions, CDI now can integrate data across its portfolio and make data-driven decisions that help the company reach its goals. This is an incredible example of how companies invest in 优蜜传媒solutions to help them grow.鈥�

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As CTO, he leads the Technology & Innovation Board area at 优蜜传媒and has successfully established 优蜜传媒Business Technology Platform (优蜜传媒BTP) as the platform for 优蜜传媒and as an external business unit. In his mandate as CTO, he will prepare 优蜜传媒for its accelerated cloud growth. In addition to 优蜜传媒BTP, he is responsible for architecture decisions and innovations across 优蜜传媒as well as Business Transformation Management with 优蜜传媒Signavio and 优蜜传媒LeanIX. Global security and cloud compliance are also part of his responsibility.

鈥淚 would like to thank the Supervisory Board for their trust and am thrilled to continue shaping SAP’s technology strategy and driving innovation for our customers around the world,鈥� Mueller said. 鈥淭ogether with our teams, I will continue working with the clear goal of being the number one enterprise application and business AI company.鈥�

鈥淚n recent years, Juergen Mueller and his team have successfully developed 优蜜传媒BTP and established it as the platform of choice for our customers,” said Professor Hasso Plattner, chairman of the Supervisory Board of 优蜜传媒SE. 鈥淲e thank Juergen Mueller for his successful work to date and are convinced that he will continue to ensure SAP’s innovation capabilities in the future.鈥�

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“Under Anthony鈥檚 leadership, 优蜜传媒Investor Relations has strengthened its role as a reliable partner to the financial community. He further enhanced the trusted relationships with our investors that his successor will be able to build on,鈥� said Dominik Asam, member of the Executive Board and CFO of 优蜜传媒SE. 鈥淲e are grateful for Anthony鈥檚 contributions and wish him well for his next steps.鈥�

Coletta joined 优蜜传媒in 2006. Prior to taking over the role as chief investor relations officer, he served as CFO of 优蜜传媒North America, chief controlling officer of Global Sales in the Global Customer Operations team and in several other leading roles in the Americas region. Before joining SAP, Coletta held various leadership positions in finance and strategy, including at Siemens and ThyssenKrupp. Coletta holds master’s degrees in economics and applied foreign languages from Sorbonne University in Paris and has extensive international professional experience, including in Europe, Latin America and the United States.

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Deutsche Telekom is the first enterprise to implement RISE with 优蜜传媒through SAP鈥檚 recently expanded partnership with , marking a significant milestone in the relationship between 优蜜传媒and Deutsche Telekom.

As Europe鈥檚 largest telecommunications provider, with more than 252 million mobile customers, 25 million fixed-network lines and 22 million broadband lines, Deutsche Telekom operates in more than 50 countries. Aligned with the company鈥檚 vision to be the leading digital telecommunications provider in the world, Deutsche Telekom has chosen RISE with 优蜜传媒to transform a major part of its ERP landscape to 优蜜传媒S/4HANA Cloud. As a premium supplier of RISE with SAP, T-Systems will migrate, consolidate and manage more than 300 systems into the public and private cloud using T-Systems’ Future Cloud Infrastructure (FCI) and select hyperscalers. This is designed to enable customers to meet all German and European data protection requirements, as well as to benefit from tailored migration and orchestration of complex landscapes.

Peter Leukert, chief information officer of Deutsche Telekom, said, 鈥溣琶鄞絠s a trusted and important partner for Deutsche Telekom in both reliably running core business processes and accelerating innovation in the cloud. Through RISE with SAP, we can drive business transformation and take our partnership to new heights. With 优蜜传媒S/4HANA Cloud, Deutsche Telekom will be able to drive efficiency across key business functions such as logistics, procurement and finance.鈥�

鈥淒eutsche Telekom鈥檚 decision to select RISE with 优蜜传媒to migrate and streamline more than 300 of their systems to the cloud marks an important milestone in their business transformation and continues a long history of our two companies innovating together for our customers,鈥� said Scott Russell, member of the executive board of 优蜜传媒SE, customer success. 鈥淭his investment by Deutsche Telekom will give them new capabilities, drive greater efficiencies, and allow them to access key insights from across their enterprise so they can adjust to changing market conditions and seize new opportunities faster than they could before. We look forward to supporting Deutsche Telekom in this exciting new era of their cloud transformation.鈥�

As a premium supplier of RISE with SAP, T-Systems offers “,” a collection of end-to-end transformation services that includes consulting, migration, implementation and operation of RISE with 优蜜传媒and support for RISE with 优蜜传媒S/4HANA Cloud Private Edition.

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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: 优蜜传媒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. 优蜜传媒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, 优蜜传媒helps the world run better and improve people鈥檚 lives. For more information, visit .

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These announcements were made at , the flagship conference for 优蜜传媒Concur users and experts, from March 19-21 in Las Vegas.

AI is only as good as the quality and breadth of the data it draws upon. 优蜜传媒Concur is one of the global market leaders in travel and expense solutions with more than 92 million end users booking travel and/or processing expenses.

优蜜传媒debuted new business AI capabilities in 优蜜传媒Concur solutions to help customers save time and improve accuracy when managing business travel and expenses:

• Concur Request: Now uses generative AI to provide intelligent cost estimates for trip planning.
• ExpenseIt solution: Customers can upload receipt images to ExpenseIt web, where it taps AI to automatically create a new expense with several key fields prepopulated. Plus, ExpenseIt now itemizes hotel folios using generative AI.
• Generative AI search: A new capability within Concur Support allows 优蜜传媒Concur customers to type questions in natural language and get quick answers using generative AI without having to submit a support ticket.

The evolution of Concur Travel, featuring a consumer-grade user experience, now offers new content and features:

• Hotel and rail content: New direct integrations to American Express GBT, BCD, CWT RoomIt, FCTG and HRS designed to enhance the traveler鈥檚 shopping experience by providing more options, clarity and transparency. Additionally, users can search, book and purchase UK rail content.
• Microsoft Teams integration: Travelers can share a reservation from their Concur Travel trip list to a Microsoft Teams chat, so that coworkers can book the same trip.
• Sustainability-based travel decisions: Through an integration with , one of the travel industry鈥檚 leading independent sustainability intelligence platforms, evolution of Concur Travel users can view and sort the greenhouse gas emissions of each flight segment, as well as rail and car rental options, and browse hotel providers by emissions, certifications and sustainability scores.

The new, reimagined Concur Expense experience is AI-powered, optimized for mobile and already being used by early adopter customers. In the new experience, expense reports are automatically created and easily managed thanks to the following capabilities and a :

• Automatic expense entry, itemization, and categorization with ExpenseIt
• Timeline view of expenses
• Intelligent notifications such as missing receipts, missing attendees or expense reports ready for submission
• Attendee suggestion based on expense type and amount
• Automated expense creation for Mastercard transactions

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WALLDORF and SANTA CLARA, Calif. 鈥� (NYSE: SAP) and (NASDAQ: NVDA) today announced a partnership expansion focused on accelerating enterprise customers鈥� ability to harness the transformative power of data and generative AI across SAP鈥檚 portfolio of cloud solutions and applications.

The companies are collaborating to build and deliver 优蜜传媒Business AI, including scalable, business-specific generative AI capabilities inside the Joule copilot from 优蜜传媒and across SAP鈥檚 portfolio of cloud solutions and applications 鈥� all of which are underpinned by the 优蜜传媒generative AI hub. The generative AI hub facilitates relevant, reliable and responsible business AI and provides instant access to a broad range of large language models (LLMs).

听As part of SAP鈥檚 ongoing initiative to build generative AI directly into the applications that power the world鈥檚 businesses, the partnership aims to help customers adopt generative AI capabilities at scale across their organizations. 优蜜传媒will use to fine-tune LLMs for domain-specific scenarios and deploy applications with new 鈩� microservices. 优蜜传媒and NVIDIA plan to make the new integrated capabilities available by the end of 2024.

鈥淓nterprise customers want to leverage state-of-the-art technology that delivers real business value,鈥� said Christian Klein, CEO and Member of the Executive Board of 优蜜传媒SE. 鈥淪trategic technology partnerships, like the one between 优蜜传媒and NVIDIA, are at the core of our strategy to invest in technology that maximizes the potential and opportunity of AI for business. NVIDIA鈥檚 expertise in delivering AI capabilities at scale will help 优蜜传媒accelerate the pace of transformation and better serve our customers in the cloud.鈥�

鈥溣琶鄞絠s sitting on a gold mine of enterprise data that can be transformed into custom generative AI agents to help customers automate their businesses,鈥� said Jensen Huang, founder and CEO of NVIDIA. 鈥淭ogether, NVIDIA and 优蜜传媒will bring custom generative AI to the thousands of enterprises around the world that rely on 优蜜传媒to power their operations.鈥�

Harnessing Business Data and Generative AI to Advance Customer Insights

优蜜传媒and NVIDIA plan to collaborate to integrate generative AI into cloud solutions from SAP, which include the latest release of the 优蜜传媒Datasphere solution, 优蜜传媒Business Technology Platform (优蜜传媒BTP) and RISE with SAP.

优蜜传媒plans to build additional generative AI capabilities within 优蜜传媒BTP using NVIDIA鈥檚 generative AI foundry service, featuring AI supercomputing, software and NVIDIA AI Foundation models. These new capabilities are designed to be the basis of SAP鈥檚 development and deployment of generative AI for customers and is expected to be accessible in the generative AI hub in 优蜜传媒AI Core and 优蜜传媒Datasphere.

Additional generative AI initiatives include:

• New capabilities for the Joule copilot: Joule can leverage (RAG) capabilities built by NVIDIA and SAP, which can be deployed on leading hyperscalers or SAP鈥檚 own cloud environments. As a natural-language, generative AI copilot, Joule helps customers unlock the potential in their business by automating time-consuming tasks and quickly analyzing business-critical data to deliver more intelligent, personalized experiences.
• Innovative use cases leveraging 优蜜传媒S/4HANA Cloud, 优蜜传媒SuccessFactors and 优蜜传媒Signavio: 优蜜传媒and NVIDIA are exploring more than 20 generative AI use cases where the companies can combine assets to simplify and enhance digital transformation. Among these are generative AI features that can automate enterprise resource planning with intelligent invoice matching in 优蜜传媒S/4HANA Cloud; improve human resources use cases leveraging 优蜜传媒SuccessFactors; and accelerate new generative AI insights from 优蜜传媒Signavio to better process business recommendations and optimize SAP鈥檚 customer support processes.
• Unifying AI data sources with 优蜜传媒Datasphere: Built on 优蜜传媒BTP, 优蜜传媒Datasphere enables integration and a unified view of semantically rich 优蜜传媒data with third-party data across the enterprise landscape to help customers adapt faster to market changes and make more efficient and better informed decisions. With 优蜜传媒Datasphere, customers can confidently access a high-quality data fabric using AI and machine learning (ML) models. To accelerate SAP鈥檚 federated machine learning (FedML) capabilities for 优蜜传媒Datasphere, NVIDIA and 优蜜传媒are facilitating easier access to data for data scientists and enhancing ML workload performance with the support of NVIDIA accelerated computing platforms and NVIDIA AI Enterprise data science software such as 鈩�.
• Using LLMs for the ABAP programming language: To aid developers in creating domain-specific language code, 优蜜传媒plans to use NVIDIA AI foundry services to assist in fine-tuning LLMs. This will build on SAP鈥檚 use of generative AI models to assist developers who use ABAP through the company鈥檚 ABAP Cloud model and 优蜜传媒Cloud Application Programming model.

NVIDIA AI Enterprise Powers Production-Grade Generative AI Across Cloud Solutions from SAP

Once models are ready for deployment in cloud solutions from SAP, 优蜜传媒plans to use NVIDIA AI Enterprise software, including NVIDIA NIM inference microservices and NVIDIA NeMo Retriever鈩� microservices. NVIDIA NIM can be used to accelerate and maximize inference performance across the accelerated infrastructure from SAP. Using NVIDIA NeMo Retriever microservices, 优蜜传媒plans to add RAG capabilities that enable generative AI applications to more securely access data running on 优蜜传媒software to improve accuracy and insights. Customers can plan to use RAG on both 优蜜传媒and third-party data.

To learn more about the 优蜜传媒and NVIDIA partnership, .

Visit the 优蜜传媒News Center. Follow 优蜜传媒at.

About NVIDIA

Since its founding in 1993, (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company鈥檚 invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, ignited the era of modern AI and is fueling industrial digitalization across markets. NVIDIA is now a full-stack computing infrastructure company with data-center-scale offerings that are reshaping industry. More information at.

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: 优蜜传媒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. 优蜜传媒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, 优蜜传媒helps the world run better and improve people鈥檚 lives. For more information, visit .

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For further information, contact:
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Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, performance, features, and availability of NVIDIA鈥檚 products and technologies, including NVIDIA鈥檚 generative AI foundry service, NVIDIA NIM microservices, NVIDIA DGX Cloud AI supercomputing, NVIDIA AI Enterprise software, and NVIDIA AI Foundation models, NVIDIA accelerated computing platforms, NVIDIA AI Enterprise data science software such as NVIDIA RAPIDS, RAPIDS cuDF and cuML, NVIDIA NeMo Retriever microservices; NVIDIA鈥檚 partnership with SAP, the benefits and impact of such partnership, and the features and availability of its services and offerings; 优蜜传媒sitting on a gold mine of enterprise data that can be transformed into custom generative AI agents to help customers automate their businesses; and NVIDIA and 优蜜传媒bringing custom generative AI to the thousands of enterprises around the world that rely on 优蜜传媒to power their operations are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

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 2023 Annual Report on Form 20-F.

漏 2024 优蜜传媒SE and NVIDIA Corporation. All rights reserved.

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WALLDORF 鈥� (NYSE: SAP) today announced a new composable payment solution to help retailers stay ahead of changing customer expectations. The new solution, 优蜜传媒Commerce Cloud, open payment framework, helps retailers become more agile as new payment options 鈥� such as buy now, pay later 鈥� gain popularity.

The framework integrates 优蜜传媒Commerce Cloud with numerous third-party payment service providers (PSPs), including Stripe, Adyen, Worldpay and Airwallex, based on their specific use case. Additionally, SAP鈥檚 composable architecture allows retailers to cherry-pick payment partners tailored to their unique needs and international markets, enabling them to build at their own pace, scale their business faster and avoid being confined to a single provider.

鈥淩etailers want to extend more payments options to shoppers and quickly, and 优蜜传媒is leveraging its vast partner ecosystem to fulfill this need,鈥� said Leslie Hand, group vice president, Retail & Financial Insights, IDC. 鈥淲ith SAP’s deep understanding of retail and commerce and new offering to have a quick connection to the PSPs, retailers can adopt the plug and play framework they need that greatly reduces the complexity of a traditional integration. It鈥檚 great to see 优蜜传媒delivering on its promise to offer composable solutions, so customers can adjust to new market requirements when and where it works best for them.鈥�

优蜜传媒Commerce Cloud鈥檚 seamless and native integration capabilities ensure PSPs can be rapidly adopted, and it reduces complexity by eliminating the need to integrate and deploy extensions to the commerce codebase. The framework is extensible and headless, helping ensure the front end and back end are decoupled and operate independently, creating an opportunity to cater to a wide range of channel requirements and add on new solutions, including prebuilt payment experiences available on 优蜜传媒Commerce Cloud, composable storefront. It also ensures customers have the freedom to pick their preferred payment method, which enhances the checkout experience.

鈥淪AP鈥檚 unmatched industry expertise is the foundation of our strategy, as it enables us to deeply understand the complexities of delivering seamless and positive customer experiences that reinforce the brand promise with every interaction,鈥� said Sven Denecken, Senior Vice President and Global Head of Product Marketing for 优蜜传媒Industries & CX. 鈥淪AP鈥檚 unique, industry-led approach to composability places the retailer’s digital commerce needs front and center while we work with them to manage their digital transformation, navigate pathways to sustainable growth, and deliver on industry expectations.鈥�

This no-code, low-code framework gives retailers a low-cost, adaptive, and agile payments system that can best fit their business and customer needs. It covers common payment needs and end-to-end payment processes across authorization, capture, refunds, and re-authorization as well as automatic updates with security and compliance standards.

• Example use case: A jewelry retailer that leverages a leading PSP wants to expand its payment options to offer a buy-now, pay-later payment option. They can add the new offering with a few clicks, immediately make the option available while meeting security requirements, and help guarantee an end-to-end payment experience for the customer.

优蜜传媒Commerce Cloud helps deliver profitable digital commerce growth, from discovery to delivery and beyond, and can be implemented with agility across industries such as retail, automotive, consumer products, utilities, and many others globally through its headless and composable offering. The open payment framework for 优蜜传媒Commerce Cloud is in beta and 优蜜传媒customers can join now. It is planned to be generally available in H2 2024.

Read comments from 优蜜传媒partners here.

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Media Contact:
Jillian Baker, +1 (212) 653-9600, jillian.baker@sap.com, ET
优蜜传媒Press Room; press@sap.com

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.听 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 2023 Annual Report on Form 20-F.
漏 2024 优蜜传媒SE. All rights reserved.
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see for additional trademark information and notices.

Partner Quotes: 优蜜传媒Announces New Commerce Cloud Payment Solution with Partners

WALLDORF 鈥� (NYSE: SAP) today announced a new composable payment solution to help retailers stay ahead of changing customer expectations.

The new solution, 优蜜传媒Commerce Cloud, open payment framework, helps retailers become more agile as new payment options 鈥� such as buy now, pay later 鈥� gain popularity. The framework also integrates with any third-party Payment Service Provider (PSP), including Stripe, Adyen, Worldpay and Airwallex, based on their specific use case.

优蜜传媒partners are an extension of our business, bringing experience and domain expertise that help retailers innovate, transform, and simplify. SAP’s payment partner ecosystem is made up of many providers who are solving some of the most critical industry or region-specific business needs to empower shoppers to buy and pay on their own terms.

优蜜传媒partners are important to this initiative. Read the following comments from 优蜜传媒partners, many of which have apps available on the 优蜜传媒Store online marketplace, about their involvement.

Adyen

“Adyen has a strong foundation of servicing customers through our existing 优蜜传媒Commerce Cloud integration, and the open payment framework is the first step of a larger strategic partnership with the goal of enabling digital payments for customers across a larger range of 优蜜传媒solutions. Adyen and 优蜜传媒support some of the world鈥檚 largest enterprise organizations, and this partnership provides a gateway for those companies to easily migrate to a single global payments platform with the flexibility and support that Adyen is known for. Working closely with SAP, we intend to scale our already considerable payments processing volumes to the next level.鈥�

鈥� Kyle Jenke, VP, Global Head of Partnerships, Adyen

Worldpay

鈥淲orldpay鈥檚 collaboration with 优蜜传媒using the new open payment framework for 优蜜传媒Commerce Cloud aims to revolutionize the way businesses manage their payment processing, offering seamless and secure solutions for our customers around the globe. By combining SAP’s industry-leading software with Worldpay’s innovative payment technology, we can provide businesses with a comprehensive payment ecosystem that optimizes efficiency, enhances security, and drives growth. We look forward to the exciting opportunities this collaboration around 优蜜传媒Commerce Cloud will bring, and we are committed to continuing to innovate and provide cutting-edge solutions in the payment industry.鈥�

鈥� Maria Prados, SVP, Global Enterprise Go to Market, Worldpay

Airwallex

鈥淭his is an important first partnership between Airwallex and SAP, as we mutually look to support merchants with their international expansion plans. As one of four official payment service providers added to the 优蜜传媒Commerce Cloud solution, Airwallex鈥檚 global payments and proprietary financial infrastructure will provide merchants with even more choices and payment options that suit their growing customer base. This is the start of a long-term relationship in which we look forward to strengthening our enterprise playbook and further scaling into the Americas and EMEA while supporting SAP鈥檚 business in APAC.鈥�

鈥� Ravi Adusumilli, EGM, Americas, Airwallex

Media Contact:
Jillian Baker, +1 (212) 653-9600, jillian.baker@sap.com, ET
优蜜传媒Press Room; press@sap.com

鈥淐apturing data to make better decisions is an enterprise technology imperative that鈥檚 become increasingly critical as AI 鈥� which relies on quality data 鈥� revolutionizes every aspect of business,鈥� said Juergen Mueller, 优蜜传媒Chief Technology Officer and member of the Executive Board. “Our newest 优蜜传媒Datasphere innovations, as well as an expanded partnership with Collibra, represent a quantum leap in our ability to help customers drive intelligent business transformations through data.鈥�

At the heart of these announcements is the business data fabric, an architecture that helps ensure data is not just an asset but also the core underpinning of strategic initiatives. The innovations and partnership announced today equip organizations to deliver meaningful data to data consumers 鈥� with business context and logic intact.

“We have decided to leverage 优蜜传媒Datasphere for a modern business data fabric architecture in conjunction with our 优蜜传媒S/4HANA landscape. It allows us to effectively establish a modern data analytics platform that enables a business self service capability on the basis of trusted data and data models,鈥� said Achim Welter, Senior Director ERP, Digital & IT Strategy, Hershey鈥檚.

Today鈥檚 优蜜传媒Datasphere innovations help customers achieve a unified data view that simplifies their data landscapes while retaining context and logic 鈥� enabling them to adapt faster to market changes and make more-efficient decisions. From new copilot and vector database capabilities that help ensure business context remains constant in generative AI outputs to a new knowledge graph that helps uncover insights and patterns in complex data, SAP鈥檚 data innovations help ensure customers have the full power of their data at their fingertips.

Today鈥檚 key innovations include:

Generative-AI Copilot and AI Governance

SAP鈥檚 generative-AI assistant, the copilot, is now coming to the 优蜜传媒Analytics Cloud solution to automate the creation and development of reports, dashboards, plans and more. This automation is enabled by the 优蜜传媒HANA Cloud vector engine capabilities, which combine the power of large language models with the relevant data of your organization 鈥� helping ensure business context is a constant for generative-AI outputs.

Incorporating generative AI across the business isn鈥檛 possible without trusted and governed data. To provide organizations with a solution to govern the policies, processes and practices of AI, 优蜜传媒is announcing an expansion of our partnership with Collibra to integrate Collibra鈥檚 AI Governance with 优蜜传媒data assets. This can help provide transparency and accountability for organizations and help ensure regulatory, compliance and privacy policies are met.

Discover Hidden Insights and Patterns with Knowledge Graph

With the new 优蜜传媒Datasphere knowledge graph, organizations can discover hidden insights and patterns across their applications and systems. This enables both technical and business users to deeply understand the relationships between data, metadata and business processes, as well as boost the effectiveness of machine learning and large language models.

Unified and Advanced Planning and Analytics

The new 优蜜传媒Datasphere integration with 优蜜传媒Analytics Cloud offers a single data management system and advanced analytics to power cross-organizational planning. Planners can leverage a single flexible model to break down silos between planning using one tool for data preparation, modeling and planning.

Additionally, business users can use the new compass capability in 优蜜传媒Analytics Cloud to realize better outcomes in planning and analytics through data-driven simulation. It enables organizations to run complex simulations using a chat interface to evaluate predictive outcomes and continually adjust controllable variables to find the optimal plan.

This supports customers to transform their planning by unifying financial, operational, supply chain and workforce planning with native connection to 优蜜传媒applications and third-party data.

To learn more, please read: Unleashing the Latest 优蜜传媒Data and Analytics Innovations.

Visit the 优蜜传媒News Center. Follow 优蜜传媒at .

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: 优蜜传媒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. 优蜜传媒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, 优蜜传媒helps the world run better and improve people鈥檚 lives. For more information, visit .

Note to editors:
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For customers interested in learning more about 优蜜传媒products:
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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 2023 Annual Report on Form 20-F.
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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: 优蜜传媒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. 优蜜传媒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, 优蜜传媒helps the world run better and improve people鈥檚 lives. For more information, visit .

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

For customers interested in learning more about 优蜜传媒products:  
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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 2023 Annual Report on Form 20-F.
漏 2024 优蜜传媒SE. All rights reserved.听
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see for additional trademark information and notices.

优蜜传媒believes that its shareholders should benefit appropriately from the profit the Company made in 2023. The Company鈥檚 dividend policy is to pay a dividend totaling 40% or more of profit after tax.

The following dates are relevant for the dividend payment:

• Record date for dividend payment: May 15, 2024
• Ex-dividend date: May 16, 2024
• Payment date: May 21, 2024

Elections of Shareholder Representatives to the 优蜜传媒Supervisory Board

As announced on February 11, 2024, the Supervisory Board has nominated Pekka Ala-Pietil盲 to stand for election at the 2024 Annual General Meeting of Shareholders (AGM) as shareholder representative on the 优蜜传媒Supervisory Board.

• Dr. h. c. mult. Pekka Ala-Pietil盲 (67), Helsinki, Finland, Chairman of the Board of Directors of Sanoma Corporation, Helsinki, Finland. In case of election, his term would expire in 2026. The Supervisory Board intends to elect him as chair.

Further, the Supervisory Board is announcing the nomination of the following candidate to stand for election:

• Prof. Dr. Ralf Herbrich (49), Falkensee, Germany, Managing director, professor for artificial intelligence and sustainability, Hasso Plattner Institute for Digital Engineering gGmbH, Potsdam, Germany. In case of election, his term would expire in 2028.

Additionally, three candidates have been nominated to stand for re-election:

• Aicha Evans (54), Los Gatos, CA, USA, Chief Executive Officer and member of the Board of Directors, Zoox, Inc., Foster City, California, USA. In case of re-election, her term would expire in 2028.
• Gerhard Oswald (70), Walldorf, Germany, Managing director, Oswald Consulting GmbH, Walldorf, Germany; Associate lecturer, Technical University of Munich, Munich, Germany. In case of re-election, his term would expire in 2026.
• Dr. Friederike Rotsch (51), K枚nigstein im Taunus, Germany, Group General Counsel, Deutsche Bank AG, Frankfurt, Germany. In case of re-election, her term would expire in 2028 and she would continue in the role of Lead Independent Director (LID).

These nominations are in alignment with the Profile of Skills and Expertise, the Supervisory Board鈥檚 Diversity Policy, and the objectives set by the Supervisory Board for its own composition.

Note to holders of 优蜜传媒ADRs (American Depositary Receipts):
One 优蜜传媒ADR represents one 优蜜传媒SE share. The final dividend amount per ADR is dependent upon the euro/US dollar exchange rate. Since 优蜜传媒SE pays cash dividends on the ordinary shares in euro, the exchange rate fluctuations will affect the US dollar amounts received by holders of ADRs. The final dividend payment by 优蜜传媒SE to the depositary bank is scheduled for May 21, 2024. The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.

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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: 优蜜传媒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. 优蜜传媒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, 优蜜传媒helps the world run better and improve people鈥檚 lives. For more information, visit .

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

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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 优蜜传媒SE. All rights reserved.
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see for additional trademark information and notices.

The new unit oversees the entire value chain for 优蜜传媒Business AI, from product development and research through to customer implementation. In this new role, effective January 2024, Herzig reports directly to CEO Christian Klein.

Herzig鈥檚 team will collaborate with innovators across 优蜜传媒to infuse artificial intelligence into every part of the company鈥檚 portfolio. With this new setup, 优蜜传媒aims to further accelerate the pace at which customers can benefit from groundbreaking business AI solutions and services. The newly established division also underscores the central importance of business AI as a strategic driver for SAP鈥檚 ongoing growth.

Herzig鈥檚 team consists of strong leaders, including Walter Sun, who continues to lead all product engineering efforts on business AI, as the global head of AI. Sun moved from Microsoft to 优蜜传媒in September 2023.

“SAP鈥檚 increased focus on business AI marks the start of a completely new generation of enterprise innovation, and I鈥檓 honored to have the chance to help customers make the most of this unprecedented opportunity,” said Philipp Herzig, CAIO at SAP. 鈥淚 look forward to working with our team, as well as our ecosystem of customers and partners, to drive the development and delivery of relevant, reliable, responsible business AI that fundamentally changes the way business runs.”

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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 优蜜传媒SE. All rights reserved.
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see for additional trademark information and notices.

It will modernize the company’s enterprise resource planning (ERP) system and benefit nearly 30,000 global employees through integrating advanced functionalities, such as enabling global manufacturing, supply chain and finance business processes. This achievement signifies the third crucial phase in Seagate’s digital transformation journey, complementing for Supply Chain and 优蜜传媒SuccessFactors solutions.

Seagate embarked on this transformative path in 2021, transitioning from its legacy systems to embrace 优蜜传媒S/4HANA, 优蜜传媒SuccessFactors, and 优蜜传媒Integrated Business Planning for Supply Chain.

鈥淲e chose 优蜜传媒solutions for our integrated ERP landscape because its strategy closely aligns with our own: to implement a foundational platform on which the business can scale and grow,鈥� said Grace Liu, senior vice president and chief information officer at Seagate.

Seagate’s leadership recognized the limitations of its existing ERP, prompting the need for an integrated platform to keep pace with evolving business models. 优蜜传媒solutions address these challenges, offering an integrated ERP landscape with centralized business rules and roles. The implementation aims to enable unified global reporting, overcoming hurdles posed by diverse data repositories and laying the foundation for scalable growth while minimizing total cost of ownership (TCO).

The go-live phase was executed efficiently, without operational disruptions, reflecting SAP鈥檚 commitment to a smooth transition. Seagate’s reliance solely on the 优蜜传媒Value Assurance program underscored the efficiency of collaboration, while the use of cloud application services for pre-go-live testing ensured a robust launch.

Seagate鈥檚 move to 优蜜传媒S/4HANA will provide the company with significant improvements in supply chain management, manufacturing execution, and even ongoing transformation. This recent go-live highlights the transformative power of SAP鈥檚 innovative solutions and strategic guidance in driving digital transformation for its customers.

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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 优蜜传媒SE. All rights reserved.
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see for additional trademark information and notices.

优蜜传媒and Dr. h.c. Punit Renjen have mutually agreed to part ways because of a difference in perspective on the role of 优蜜传媒Supervisory Board chair, which Punit Renjen was designated to assume. Punit Renjen has chosen to resign his mandate on the 优蜜传媒Supervisory Board with effect from the end of SAP鈥檚 Annual General Meeting on May 15, 2024.

Pekka Ala-Pietil盲 (67) has an illustrious track record in European innovation and technology and is well-positioned to lead SAP鈥檚 ongoing successful transformation. He was President of Nokia Corporation from 1999鈥�2005 and a member of the 优蜜传媒Supervisory Board from 2002鈥�2021. He was the Chairman of the EU Commission鈥檚 High-Level Expert Group on Artificial Intelligence from 2018-2020 and chair of Finland鈥檚 Artificial Intelligence Programme from 2017-2019. He currently serves on several European corporate boards, including as Chairman of the Supervisory Board of the Dutch multinational location intelligence company HERE Technologies. Mr Ala-Pietil盲 holds honorary Doctorates in Technology from Tampere University of Technology and in Science from the Aalto University School of Business. He lives in Helsinki.

鈥淎fter two decades at the helm of 优蜜传媒SE, the company I鈥檝e nurtured from its inception, ensuring a successful handover of the leadership baton is paramount to me and crucial for SAP鈥檚 continued success,鈥� said Prof. Dr. Hasso Plattner, who has served as Chairman since 2003. 鈥淚n Pekka Ala-Pietil盲, I recognize a leader who not only possesses a profound understanding of our industry and the intricacies of European SE governance, but also one who has been a steadfast ally through many of SAP鈥檚 pivotal moments. Before looking ahead, let me also express my deep gratitude to Punit Renjen for his efforts and contributions. His energy level and dedication have been exceptional from the beginning. As we welcome Pekka Ala-Pietil盲, I am filled with confidence that SAP鈥檚 Supervisory Board is in the most capable hands. His vision and well-measured approach are exactly what 优蜜传媒needs to safeguard its future and ensure its ongoing success.鈥�

Pekka Ala-Pietil盲 said, 鈥淚 am grateful to the Supervisory Board of 优蜜传媒and to Hasso Plattner for the opportunity to rejoin this dynamic European technology leader at such a pivotal time. Thanks to the great people at SAP, the company has set the global standard for enterprise technology for more than 50 years and is now a trailblazer in developing and deploying relevant, reliable, responsible Business AI that will fundamentally change the way business runs. I look forward to working together with colleagues old and new to build on SAP鈥檚 track record of delivering revolutionary technology that drives real results.鈥�

Visit the 优蜜传媒News Center. Follow 优蜜传媒at .

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: 优蜜传媒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. 优蜜传媒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, 优蜜传媒helps the world run better and improve people鈥檚 lives. For more information, visit .

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

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

For more information, press only:
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For more information, financial community only:
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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 优蜜传媒SE. All rights reserved.
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see  for additional trademark information and notices.

The demand for skilled IT professionals is expected to grow dramatically 鈥� up 23% by 2031 in the United States alone, according to the U.S. Department of Labor. To help meet this demand, the emphasizes core skills and competencies that can be applied across various cloud solutions from 优蜜传媒and related versions.

鈥淭he pace of change and the talent shortage call for a new approach to identifying future-focused skills and roles. Instead of focusing on traditional aspects like degrees, job histories and titles, professional competencies become more important,鈥� says Andre Bechtold, senior vice president and head of solution and innovation experience at SAP. 鈥淏y transitioning to role-based certifications that focus on core skills and competencies, the skillset of a learner becomes more valuable and gains sustainability and more relevance for longer periods of time.鈥�

Many organizations rely on 优蜜传媒solutions and skilled professionals to ensure a smooth and fast transition and drive business success. The enhanced 优蜜传媒Learning Hub provides access to great content and includes four certification attempts per learner per year. Subscribers can receive expert guidance in digital live sessions, on-demand hands-on practice systems, advanced analytics and learning management functionalities. This new digital premium offering marks a major step in the evolution of the 优蜜传媒Learning portfolio. To meet the rapid pace of technological innovation and the need to quickly gain new and future-proof skills, 优蜜传媒continues to help organizations learn and become certified faster to maximize their investment.

With the need for fast, comprehensive and role-based upskilling, the new certification model will make continuous learning and assessments a priority. Starting in early second quarter, these changes will support customers, partners and individuals in gaining skills across the 优蜜传媒solutions portfolio and keeping them up to date.

Partners can benefit from further advancements, including a tailored partner experience with curated learning journeys, exclusive access to events and subject matter experts. A subscription to 优蜜传媒Learning Hub, partner edition comes with a significantly reduced price per user per year and offers additional chances to earn certifications, as well as improved analysis and tracking features.

With the move to the cloud in full swing, the enhanced 优蜜传媒Learning Hub and new certification program help customers and partners meet the challenges of a tight labor market and necessary workforce transformation. Learn more about and the .

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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 优蜜传媒SE. All rights reserved.
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see for additional trademark information and notices.

UC Berkeley鈥檚 insights will help accelerate SAP鈥檚 AI strategy aiming to build hundreds of applications.

鈥淭here鈥檚 no technology advancing faster than AI,鈥� 优蜜传媒Chief AI Officer Philipp Herzig said. 鈥淲hile the progress on foundation models is impressive, there is a lot to learn and shape on the AI stack on top, in particular for designing and scaling distributed cloud applications in multi-cloud environments or to build AI agents in combination with large language models. The Sky Computing Lab at UC Berkeley conducts very relevant research in this field, and the frameworks that are being built look very promising.鈥�

Generative AI is a transformative force that is changing how people work, communicate and learn. As AI applications become increasingly sophisticated, efficient handling of large workloads becomes critical.

UC Berkeley鈥檚 research activities focus on enabling users to run large language model applications and general AI workloads seamlessly on any cloud, substantially reducing cloud costs, tapping into best-in-class hardware on different clouds and enjoying higher resource availability, according to Ion Stoica, director of the Sky Computing Lab at UC Berkeley.

The interconnection of clouds aims to create a distributed network, giving users access to a vast pool of computing power. This agility is crucial for dynamically allocating and scaling computational capabilities based on specific AI task requirements, ensuring optimal efficiency and cost-effectiveness for users. As the computational demands of AI continue to evolve, this approach ensures not only the scalability and efficiency of AI tasks but also lays the groundwork for an innovative and interoperable future in artificial intelligence.

Through this collaboration with the Sky Computing Lab at UC Berkeley, 优蜜传媒aims to advance knowledge in artificial intelligence. Besides AI-specific expertise, 优蜜传媒will support graduate students through scholarships and internships.

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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 优蜜传媒SE. All rights reserved.
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see for additional trademark information and notices.

The RISE with 优蜜传媒Migration and Modernization program addresses two primary issues businesses face when moving to the cloud 鈥� scope and cost. It gives leaders confidence to take even the most complex ERP systems to the cloud by helping to eliminate custom code, data silos and process complexity.

鈥淓very company needs a cloud-first business strategy,鈥� said Eric van Rossum, chief marketing officer for cloud ERP, SAP. 鈥淚t鈥檚 more important than ever for customers to start their migration and modernization journey, so they can harness the potential of the latest cloud innovations, including AI and sustainability solutions.鈥�

The helps customers become and remain innovation-ready to benefit from ongoing updates and new innovations. Once customers are operating in the cloud, 优蜜传媒takes the burden of management to build reliability, strengthen security and compliance and unlock the power of business data.  Regardless of whether businesses today run on 优蜜传媒ERP Central Component (优蜜传媒ECC) or 优蜜传媒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 优蜜传媒solution.

鈥淲ith the current announcement, 优蜜传媒is making it clear that it is aware of the complexity of the challenges that customers face when transitioning to the cloud. At the same time, their previous investments in existing systems are being recognized,” explained Christine Grimm from the DSAG Executive Board. “By expanding the RISE with 优蜜传媒offering to include financial incentives and support, 优蜜传媒is reaffirming its promise to actively support customers on their journey to the cloud and thus make the transition easier. At DSAG, we appreciate this initiative and the willingness shown by SAP. The aim must be to further improve and expand this offering in collaboration with 优蜜传媒in order to take into account the complex requirements and challenges of our members who are deciding in favor of a transformation process to the cloud. In doing so, we want to ensure that they benefit fully from the extended possibilities and innovations of the RISE with 优蜜传媒offering.鈥�

Offsetting Migration and Transformation Costs with Incentives

To recognize the investment made by 优蜜传媒customers and to help offset the cost of migration and transformation, 优蜜传媒is announcing a limited-time offer that may reduce the cost of migration up to 50% and shorten the time to value. Through the end of 2024, when moving to the RISE with 优蜜传媒or GROW with 优蜜传媒solution, 优蜜传媒S/4HANA and 优蜜传媒ECC customers will have access to credits that can be applied to offset the cost of maintenance, cloud services or cloud subscription. This incentive will include 优蜜传媒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.

RISE with 优蜜传媒Methodology Provides Consistency and Quality

To drive predictable timelines for projects, all implementations 鈥� both through 优蜜传媒and our partner ecosystem 鈥� will follow the RISE with 优蜜传媒Methodology. It will provide project progress transparency, with key milestone checks. It is supported by 优蜜传媒services and specialists who confirm the methodology is applied from discovery through go-live to get customers innovation ready. 优蜜传媒is training and validating partners to use the RISE with 优蜜传媒Methodology and will collaborate closely with these partners to provide consistency and quality.

Introducing the 优蜜传媒S/4HANA Cloud Safekeeper service

For customers who need more time to complete their full migration, we are introducing the 优蜜传媒S/4HANA Cloud Safekeeper service. It is designed for customers using RISE with 优蜜传媒that enter customer-specific maintenance for older releases of 优蜜传媒S/4HANA. With 优蜜传媒S/4HANA Cloud Safekeeper, customers may get their systems ready to upgrade to the latest version of 优蜜传媒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.

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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: 优蜜传媒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. 优蜜传媒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, 优蜜传媒helps the world run better and improve people鈥檚 lives. For more information, visit .

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

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

For more information, press only:
Julie Schneider, +1 (818) 918-1751, julie.schneider@sap.com, PT
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优蜜传媒Press Room; press@sap.com

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 优蜜传媒SE. All rights reserved.
优蜜传媒and other 优蜜传媒products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 优蜜传媒SE in Germany and other countries. Please see for additional trademark information and notices.

• 优蜜传媒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 鈧�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

“优蜜传媒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% 鈥� an all-time high. We are confident about the company鈥檚 prospects in 2024. From this position of strength, 优蜜传媒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

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“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

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

The updated 2025 non-IFRS operating profit ambition of approximately 鈧�10.0 billion now reflects share-based compensation expenses of approximately 鈧�2 billion. Based on SAP鈥檚 analysis, this profit ambition is materially ahead of corresponding analyst consensus estimates. In addition, the updated 2025 free cash flow ambition of approximately 鈧�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 鈧�2 billion due to the inclusion of share-based compensation expenses under the updated non-IFRS definition, as well as an increase of approximately 鈧�0.5 billion due to anticipated incremental efficiency gains from the transformation program.

By 2025, 优蜜传媒now expects:

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

优蜜传媒continues to expect:

• Cloud revenue of more than 鈧�21.5 billion
• Total revenue of more than 鈧�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, 优蜜传媒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鈥檚 skill-set and resources continue to meet future business needs, 优蜜传媒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, 优蜜传媒expects to exit 2024 at a headcount similar to current levels.

Restructuring expenses are preliminarily projected at around 鈧�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鈥檚 2024 outlook and the updated 2025 non-IFRS operating profit- and free cash flow ambition.

Financial Outlook 2024

SAP鈥檚 business outlook, which includes the financial outlook 2024 as well as the financial ambition 2025, is based on SAP鈥檚 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, 优蜜传媒expects:

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

优蜜传媒will publish its fourth quarter and full year 2023 results shortly after this release.

优蜜传媒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鈥檚 website at and will be available for replay.

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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: 优蜜传媒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. 优蜜传媒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, 优蜜传媒helps the world run better and improve people鈥檚 lives. For more information, visit .  

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For customers interested in learning more about 优蜜传媒products:
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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
优蜜传媒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鈥檚 website at 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鈥檚 2022 Annual Report on Form 20-F.
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