SAP SE SAP announced it has been named a Leader in “IDC MarketScape: Worldwide SaaS and Cloud-Enabled Manufacturing ERP Applications 2019 Vendor Assessment” (doc# US45098119 June 2019).
The report recognizes SAP S/4HANA Cloud as an intelligent ERP solution, which enables various business processes critical to manufacturers, including idea to design, procure to pay, plan to production, order to cash, offer to project, and core finance. Key strengths are listed as the following:
- SAP S/4HANA Cloud has a single in-memory, columnar data model for transactions and analytics. This eliminates redundant data and provides real-time insight, tied to an AI-powered set of functionalities within ERP to automate routine work and flag exceptions for human action. SAP has made a strong commitment to automating half of all ERP activities in SAP S/4HANA Cloud in the next three years.
- SAP S/4HANA Cloud offers a hands-free, conversational user experience with SAP CoPilot, an intelligent digital assistant for the enterprise.
- SAP has one code line, one data model and one user experience for cloud and on-premise deployments, making it easier and cheaper for companies to manage hybrid scenarios.
The latest recognition from IDC follows SAP's position as a Leader in the “IDC MarketScape: Worldwide SaaS and Cloud-Enabled Operational ERP Applications 2019 Vendor Assessment,” released earlier this year. Purposefully built for manufacturers, SAP S/4HANA Cloud delivers a comprehensive solution for production engineering, planning and scheduling, with a simplified user experience and pre-configured best practices for accelerated adoption
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About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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