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TUMBA, Sweden — SAP SE (NYSE: SAP) today announced that Swedish-based DeLaval, part of the Tetra Laval Group, has chosen SAP S/4HANA Cloud to build out its new cloud-based ERP system as part of its company-wide transformation process.

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’s strategy to become an even better partner for its customers and to transform itself into a data-driven organization.  

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“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. “We needed to reboot and take advantage of the standard solutions that SAP 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.”

With a goal of making food production as sustainable and efficient as possible, the implementation of SAP 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 SAP competency in Tumba, Sweden; Gallin, Germany; and Wroclaw, Poland.

“This is a textbook example of how to run a global transformation program,” said Helle Dochedahl, SAP Nordic and Baltic managing director. “DeLaval has a well-founded strategy to standardize our latest business solutions and unify internal processes by engaging all stakeholders.”

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Media Contacts:
Ulrika Wass, +46 73 827 1074, ulrika.wass@sap.com, CET
Lesa Plingen, +49 622 776 9000, lesa.plingen@sap.com, CET
SAP Press Room; press@sap.com

Top image courtesy of DeLaval

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DeFi Education Fund’s legal chief said the prosecutors’ arguments against Roman Storm’s motion to dismiss were “filled with technical inaccuracies.”

The Ethereum network had its cheapest day in over six months, which could suggest altcoins could rally “sooner than many may expect.”

Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action.

The founder of Io.net will host a livestream on April 28 to demonstrate live cluster creation and calm fear, uncertainty and doubt.

According to the filing, the DOJ criticized Tornado Cash’s co-founders for inadequate changes to exclude sanctioned addresses.

YouTuber and Ultimate star MKBHD tested the device using a game controller, his legs, and the Force.

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This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.

Bitcoin market inertia is dragging on, and a BTC price drop over the next fortnight would correspond to classic post-halving behavior.

Quantum computing is the next most significant disruptive technological leap and its rapid evolution and funding will soon make it a reality.

As a pioneer of spend management software, SAP has been on the cutting edge of how to best comprehensively manage company spend and supplier relationships.

Like at home, identifying every dollar you spend and getting the most out of it is more critical than ever for your business. And as we continue to roll out SAP Business AI technology, the teams behind SAP solutions are working on ways to help you reduce the time spent on mundane tasks so you can focus on executing your strategy, unlocking spend potential, and unleashing efficiency.

The first quarter of 2024 was among the most productive in my 18 years at SAP. We debuted new AI capabilities in various SAP spend management solutions. Check out some of these highlights:

• SAP Ariba Category Management: We’ve incorporated generative AI-enabled features that can assist category managers by generating recommendations in the solution’s category segmentation, market dynamics, and cost structure tools.
• Scoutbee Discovery: SAP partnered with Scoutbee, a leading AI-powered supplier intelligence and discovery platform, to launch Scoutbee Discovery. This SAP endorsed app can rapidly identify qualified suppliers that meet specific criteria and can help advance strategic business imperatives. Watch the recording of me participating in a recent LinkedIn Live with the Scoutbee team.
• Concur Request: Now, this service uses generative AI to help provide intelligent cost estimates for trip planning.
• ExpenseIt: Users can upload receipt images to the ExpenseIt solution, which taps AI to help automatically create a new expense with several key fields prepopulated. Plus, ExpenseIt can now itemize hotel folios using generative AI.
• Generative AI search: A new capability within Concur Support allows SAP Concur customers to type questions in natural language and get quick answers using generative AI, without submitting a support ticket.

SAP’s market-leading spend and business network solutions are getting even smarter, working to unlock greater value for our customers. We have many resources devoted to spend management and that’s why we continue to deliver innovation in spend management.

And we are only getting started. By the end of 2024, SAP Business Network is planning the following enhancements:

• Generative AI RFI/RFP responses in SAP Business Network Discovery: With generative AI-enabled responses for postings in SAP Business Network Discovery, suppliers will be able to respond to RFIs promptly and more accurately, helping to save time and reduce costs associated with manual labor and resource allocation.  
• Catalog enrichment using ChatGPT recommendations: This feature can enable suppliers to generate and improve product descriptions and overall catalog quality based on prompts and keyword recommendations from ChatGPT. 
• Intelligent error simplification using generative AI: This feature uses machine learning and a large language model to interpret and categorize invoice rejection reasons, allowing suppliers to reduce the number of failing invoices, improve rapid invoice submission and payment, and optimize cash flow.

For more on how AI is transforming business networks, read this recent article from my colleague Joern Keller.

Eliminate the mundane and elevate the strategic in spend management with generative AI Discover SAP solutions But What Are Our Customers Saying?

Each quarter, G2 highlights the top rated solutions in the industry, chosen by the source that matters most: customers. Spring 2024 is no different, and once again our suite of spend and business network solutions scored extremely well.

• SAP Fieldglass is a G2 Spring Leader in Vendor Management.
• SAP Ariba is a G2 Spring Leader in Procure to Pay, Purchasing, Strategic Sourcing, Supplier Relationship Management, and Contract Lifecycle Management.
• SAP Concur is a G2 Spring Leader in Expense, Travel & Expense, and Invoicing.

What’s more, G2 recently announced its 2024 Best Software Award winners, with SAP Fieldglass and SAP Concur receiving high honors:

• SAP Fieldglass came in at No. 26 in G2’s Best Software Awards across all products and No. 12 in G2’s Best Software Awards for best midmarket products.
• SAP Concur came in at No. 4 in G2’s Best Software Awards for the account and software product category.

My colleagues are also getting their flowers. Etosha Thurman, chief marketing and solutions officer of Intelligent Spend and Business Network, and Steve Seide, global head of Adoption for Intelligent Spend and Business Network, were named Top Procurement Pros in the Supply & Demand Chain Executive 2024 Pros to Know awards. A big congratulations also goes out to Darcy MacClaren, CRO for SAP Digital Supply Chain, who received a Pros to Know Lifetime Achievement award.

Driving Success for Our Customers

Hearing me spotlight our direct and indirect procurement, external workforce, and travel and expense management solutions is one thing. Seeing them in action is something way more powerful. Here are a few recent customer success stories to take in:

• American Eagle Outfitters (AEO), a leading global specialty retailer offering high-quality on-trend clothing, accessories, and personal care products through its portfolio of brands, needed to evaluate indirect purchasing processes and vendor relationships to maximize efficiency. See how SAP Business Network for Procurement and SAP Ariba solutions helped simplify processes and deliver compliant purchasing protocols across the company.
• Power provider to over 900,000 electric customers, Oklahoma Gas & Electric Company (OG&E) faced challenges with the complexity of third-party and cross-department management of contingent workers. After transitioning SAP Fieldglass solutions to internal management, OG&E gained the visibility to make more informed financial decisions, like supplier negotiations.
• 2024 SAP Innovation Award winner Vestas Wind Systems, the world’s largest manufacturer of wind turbines, launched a large-scale quality initiative powered by SAP Business Network to help mitigate product defects in a highly complex supply chain. Now, using SAP Business Network, suppliers complete predefined quality tests and document them before confirming or sending an order. This enables Vestas employees to be warned in advance of any quality issues further up the supply chain, so they can take corrective action.
• Most KUKA employees are based in Germany, where tax regulation is complex and submitting hotel and entertainment expenses is anything but simple. The KUKA team worked together to develop a simple process using SAP Concur solutions, connected to SAP ERP, that allows employees to create hotel and entertainment expenses seven times faster with fewer errors and fewer rejected expense reports.

Join Us at SAP Sapphire!

SAP Sapphire & ASUG Annual Conference is June 3-5 in Orlando, Florida, this year and I can’t wait to meet with customers, partners, and my fellow colleagues. This is the best event in the industry in my opinion and you don’t want to miss out. Join us by registering on the SAP Sapphire event website, where you can also save your spot at the SAP Sapphire Virtual and SAP Sapphire Barcelona events. See you there!

Jeff Collier is chief revenue officer for SAP Intelligent Spend and Business Network.

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As businesses adapt to digitalization, they encounter various trends reshaping tax compliance. From emerging business models to governments’ digital initiatives, the tax landscape is undergoing significant transformation.

Authorities are starting to involve themselves in business transactions, disrupting well-established business processes and taking control of the invoicing flow between suppliers and buyers. As a result, they have the data needed to prevent tax evasion and start auditing taxpayers automatically or even auto-populating tax returns moving toward tax bills. Additionally, sustainability efforts and climate change regulations further impact tax regulations.

Amid these shifts, SAP can provide peace of mind to navigate complexities efficiently. By understanding the evolving tax landscape, businesses can leverage SAP solutions to help streamline compliance processes and drive automation to capitalize on emerging opportunities.

SAP solutions for global tax management are tailored to help address modern tax challenges. SAP S/4HANA Cloud can provide transparency and compliance on a global scale, enabling businesses to embed tax requirements in processes.

Pave the way to strategic tax management and automated compliance with SAP Learn more

Through localized solutions that offer standardized but flexible business processes, a complete suite of solutions facilitates efficient tax management, from e-invoicing to statutory reporting and overall tax compliance. With SAP technology and expertise, businesses can achieve greater accuracy and agility in tax compliance, paving the way for sustainable growth and competitive advantage.

To help tax professionals prepare for and become valuable members of tax transformation projects, SAP is introducing a new course: Unlocking Tax Transformation with SAP.

The course is designed to equip professionals with the knowledge needed to navigate today’s tax landscape and learn new capabilities that can be leveraged as part of SAP S/4HANA-enabled transformations to simplify tax compliance.

The course offers practical strategies to learn about the different tax types, global developments and their business relevance, and the importance of technology with a focus on SAP S/4HANA and SAP solutions for global tax management. It begins on April 30 and enrollment is now open. By enrolling in this course, tax professionals can gain valuable insights into industry best practices and leverage the latest SAP innovations to help optimize their tax processes.

In a time of rapid change, SAP supports businesses on their journey to tax compliance and growth. Through collaboration with SAP and a commitment to continuous learning, businesses can navigate the complexities of taxation with confidence and achieve their long-term objectives.

Erika Buson is part of Product Marketing for Global Tax Management and Entity Close at SAP.

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The transaction fees are the “wild card” for Bitcoin miners, with the current increase representing a crucial revenue boost for BTC miners, according to TeraWulf’s COO, Nazar Khan.

Publication of SAP SE, Walldorf,
pursuant to Sec. 62 para. 3 sent. 2 half sent. 1 UmwG

– Information about upcoming merger –

1. It is intended to merge Hybris Gesellschaft mit beschränkter Haftung (local court of München, HRB 124384) as transferring company in the course of a simplified group merger into SAP SE as acquiring company. Therefore, the assets of Hybris Gesellschaft mit beschränkter Haftung in its entirety together with all rights and obligations are transferred to SAP SE with effectiveness as of 1 January 2024, 0:00 a.m. (“effective merger date”). From the effective merger date to the date of the expiry of Hybris Gesellschaft mit beschränkter Haftung pursuant to Sec. 20 para. 1 No.2 UmwG
   all acts and businesses undertaken by Hybris Gesellschaft mit beschränkter Haftung shall be deemed to have been undertaken for the account of SAP SE.

   SAP SE is the sole shareholder of Hybris Gesellschaft mit beschränkter Haftung. A merger resolution of the acquiring company SAP SE is not necessary pursuant to Sec. 62 para. 1 sent. 1 UmwG. A resolution of the general meeting of Shareholders of SAP SE on the approval of the merger agreement is also not required because SAP SE as the acquiring company holds the share capital of Hybris Gesellschaft mit beschränkter Haftung in full. Since SAP SE holds all shares in Hybris Gesellschaft mit beschränkter Haftung, the preparation of a merger report, a merger audit and an audit report is not required pursuant to Secs. 8 para. 3 sent. 3 no. 1 a), 9 para. 2, 12 para. 3, 60 UmwG.

2. The stakeholders of SAP SE with a combined holding of one-twentieth of the share capital of the company are herewith advised of their right to request the convention of a general meeting to decide on the approval of the merger (Sec. 62 para. 2 sent. 1, para. 3 sent. 3 UmwG).
3. A resolution of the shareholder’s meeting of Hybris Gesellschaft mit beschränkter Haftung on the approval of the merger agreement is not required pursuant to section 62 para. 4 sent. 1 UmwG because SAP SE is the sole shareholder of Hybris Gesellschaft mit beschränkter Haftung.
4. As of the date of this announcement, the following documents can be assessed by the links below:
   1. The draft merger agreement between SAP SE and Hybris Gesellschaft mit beschränkter Haftung.
   2. The annual financial statements and, where required, the annual reports of the companies who are parties to the merger for the fiscal years 2021, 2022, 2023:

      2021 SAP SE Statutory Financial Statements and Review of Operations (HGB)
      2022 SAP SE Statutory Financial Statements and Review of Operations (HGB)
      2023 SAP SE Statutory Financial Statements and Review of Operations (HGB)
      2021 Hybris Gesellschaft mit beschränkter Haftung Financial Statements
      2022 Hybris Gesellschaft mit beschränkter Haftung Financial Statements
      2023 Hybris Gesellschaft mit beschränkter Haftung Financial Statements

 

SAP SE, April 26, 2024

The Board of Directors

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One satoshi is currently worth $0.00065 — but some sats hold inherent “collectible value” in the Bitcoin ecosystem, cryptocurrency exchange CoinEx Global explained.