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Bitcoin gets a much-needed boost from increasing optimism about the Federal Reserve’s course to cutting interest rates.

Donald Trump’s stance on crypto has shifted from anti-Bitcoin to now being a pro-crypto presidential candidate.

BELLE, W. Va. — SAP SE (NYSE: SAP) today announced that PureTech Scientific LLC, a global leader in the production of glycolic acid products, with a range of uses from skin care to clean and disinfect, has gone live with SAP S/4HANA Cloud Public Edition to position itself for further growth.

Iron Path Capital, 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.

“The real-time insights and automation PureTech Scientific plans to gain from implementation of SAP 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,” PureTech Scientific CEO James Kanicky said. “This 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.”

GROW with SAP: Cloud ERP adoption with speed, predictability and continuous innovation Learn more

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 SAP goods issue and goods receipt transactions automatically with mobile devices, further reducing time needed for reporting.

“SAP S/4HANA Cloud Public Edition provides a best-in-class foundation for enterprise scalability, security and compliance,” said James Smith, executive advisor for Iron Path Capital and PureTech board member. “After 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. SAP S/4HANA Cloud Public Edition was selected specifically to support PureTech Scientific’s vision for growth. With scalability and integration as top priorities, SAP 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.

“PureTech Scientific has undergone a significant transformation in the past year,” SAP North America President Lloyd Adams said. “It 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.”

Learn more at PureTech Scientific.

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Lesa Plingen, +49 622 776 9000, lesa.plingen@sap.com, CET
SAP Press Room; press@sap.com

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At a time when many companies are still using guesswork and spreadsheets as the basis of territory and sales quota planning and commission calculations, top-performing sales teams use science. With the right modern tools and data-backed methodology, planning doesn’t need to be overly complicated or time-consuming to deliver a powerful incentive for sales reps through clarity and transparency.

When global technology services company Kyndryl Holdings Inc. was spun out of IBM in November 2021, it became the world’s largest provider of IT infrastructure services. The company has over 80,000 employees in 60 countries and 3,500 sales reps. With a focus on continuously improving the vital systems at the heart of the digital economy, Kyndryl works with partners and customers worldwide to co-create solutions to help enterprises reach their peak digital performance.

When Kyndryl spun from IBM, a transition service agreement (TSA) was put in place with a two-year deadline for Kyndryl to complete the disengagement of its IT systems from IBM. One of the challenges Kyndryl faced during the separation was how to transition tools over and apply them in the best way for the new business. This was not an insignificant task given its sales operations extended to more than 60 countries.

Kishore Kancharla, director of Sales and Incentive Systems at Kyndryl, was tasked with working out how best to clone these systems and work on the go-to-market transformation. “When we separated from IBM, we had close to 100 people supporting these mainframe applications, which were very expensive to maintain. As the legacy systems were built for IBM’s operations, there was significant complexity,” he explains. “We wanted to simplify the systems and streamline the processes as well, but it was also very difficult to make changes to support our needs as a new company.”

The nature of sales incentives means there are many dependencies on other core systems. In the planning stages, reliable data is needed to set up territories and quotas and then track sales and calculate commissions, making sure sales reps get paid accurately and on time. The company also had to factor in the transition service agreement exit in terms of sunsetting the legacy applications and moving to stand-alone applications while complying with the Sarbanes-Oxley Act (SOX).

Empower sales teams with the tools they need to create effective sales experiences Learn how

Seeking another way, Kyndryl evaluated several different products against its needs, making the decision to invest in sales performance management solutions in the SAP SuccessFactors portfolio. The portfolio offers integrated solutions for compensation and territory and quota management in the form of SAP SuccessFactors Incentive Management and SAP SuccessFactors Territory and Quota.

But one major challenge stood in its way. The company needed to go-live with the sales performance management solutions before the start of its fiscal year beginning in April 2023. This was well ahead of its TSA deadline in October 2023 and gave the company less than a year.

To make it happen, Kyndryl worked closely with the team from SAP and an SI partner Municons, a company from Munich that specializes in SPM implementations, to implement both solutions. The company also drew on additional support from a systems integrator partner to configure SAP SuccessFactors Incentive Management.

“The team from SAP was a wonderful partner all through the project. In the beginning, I was not 100% confident because of the scale of the task. The idea of replacing the entire legacy solution we inherited seemed daunting, but we had the right people come together with the right skills to make the impossible possible,” Kancharla reflects.

With the successful go-live before the start of its fiscal year, Kyndryl untangled a labyrinth of more than 45 legacy modules supporting sales performance management, now needing just one integrated solution. It moved from 10 different applications to feed sales quota business flows into one. It moved from cluttered and replicated data in multiple places to a streamlined and simplified data landscape, centralizing all sales data in one place. In addition, Kyndryl simplified territory and quota processes, reducing complexity in its business processes by more than 60%. The streamlined business processes also drove savings in operating expenses and mitigated business continuity risks for financially significant applications.

Elsewhere, integrated functionality from DocuSign helped eliminate the need for in-person signatures and the company has simplified support staff roles to clear separation of duties (SoD) conflicts. With the new setup, Kyndryl has minimized the potential for errors and non-compliance while enabling its business teams to develop intricate sales strategies through user-friendly, drag-and-drop interfaces and ready-made templates. And commission details are now accessible through dashboards that are available anytime, anywhere though a mobile app.

At an operational level, the company has reduced the processing time needed to execute the monthly commissions cycle and streamlined integration with its HR system for delivery of pay files. By streamlining year-end close activities, Kyndryl saved weeks of effort from both business and technical teams.

The close relationship with SAP has continued past the initial go-live date. SAP participated in multiple workshops to understand intricacies for some of Kyndryl’s most challenging business processes related to territory and quota and financial planning. A second-year fiscal planning process is already taking advantage of these new offerings, further simplifying and streamlining the company’s complex processes.

Learn more about sales performance management solutions in the SAP SuccessFactors portfolio.

Rahul Iyer is general manager of Sales Performance Management at SAP.

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We’re proud to announce that SAP Signavio has been recognized as a Leader in the 2024 SPARK Matrix for Digital Twin of an Organization (DTO) for the fourth consecutive year. This consistent recognition by Quadrant Knowledge Solutions is a testament to our ongoing commitment to technological excellence and impactful customer service in digital transformation.

The SPARK Matrix provides a detailed analysis of global market dynamics, significant trends, and the vendor landscape. Each market participant is analyzed against several Technology Excellence and Customer Impact parameters. SAP Signavio stands out for its comprehensive DTO solutions that can effectively merge organizational processes with technological capabilities, fostering continuous improvement and strategic decision-making.

Our strengths highlight our leadership position in several critical areas:

• Enterprise observability: Integrating process observability with technology observability, we can provide organizations with a detailed understanding of their operations.
• AI-powered applications: We leverage generative AI to offer applications that help enhance process knowledge and support informed decision-making.
• Value accelerators and benchmarking: Our tools can provide ready-to-use best practices and metrics, helping organizations quickly assess and improve performance.
• Modeling and experience connection: We extend DTO capabilities to customer touchpoints, working to ensure comprehensive transformation efforts.

According to Sofia Ali, associate director and principal analyst at Quadrant Knowledge Solutions, “SAP’s integration of SAP Signavio and SAP LeanIX into its DTO platform enables organizations to achieve digital transformation seamlessly. By leveraging SAP Signavio’s process observability and SAP LeanIX’s technology observability, SAP provides a holistic approach to enhancing processes and deriving value through unified observability. This approach enables organizations to represent their architecture and capabilities virtually and facilitates continuous improvement and automation of operational processes through AI-powered simulations. SAP’s robust vision and focused strategy and the development of large process models promise to deliver AI-driven transformation services that enhance insights, recommendations, and governance. Overall, SAP’s continued enhancement of its DTO platform underscores its commitment to empowering organizations with the tools needed to thrive in an increasingly digital world.”

Exploring the Digital Twin of an Organization

The digital twin of an organization mirrors how the business as a whole operates and adapts. Modern organizations are complex sets of connected business units, processes, people, and systems. The DTO showcases interdependencies among the different entities and the impact of change at all levels. 

The DTO helps to understand how an organization operationalizes its business model in processes and applications, monitors inefficiencies, and tracks process improvement measures. In other words, creating a digital twin allows decision-makers to answer the big what-if questions about how their enterprise functions.

Rouven Morato, general manager of SAP Signavio and SAP LeanIX, emphasizes the strategic importance of DTO solutions: “The ability to map interactions across business processes and IT architecture gives leaders the confidence they need to drive change. Our advanced AI functionalities allow customers to safely simulate new business scenarios, ensuring agility and resilience in a volatile market.”

This honor reflects our dedication to empowering businesses with cutting-edge solutions that meet the evolving demands of the digital age. Download the complimentary SPARK Matrix report to understand the DTO market better and why SAP Signavio has been acknowledged as a leader in this crucial area for four years.

Dee Houchen is global head of Market Impact for SAP Signavio.

Transform existing business processes while optimizing operational excellence and customer experiences Learn more about the SAP Signavio portfolio

El Salvador currently holds 5,750 BTC worth $354 million, accumulated over three years.

Bitcoin needs the high yield rate to fall as low as 6% to reach a “sustainable all-time high,” says crypto analyst Timothy Peterson.

Degen Chain says it’s working to resolve an issue that has seen its network stop producing blocks for more than two days.

Japanese debt might be high, but it isn't comparable to American debt, which is set to trigger a financial implosion — and light a spark under Bitcoin.

The entity responsible for managing assets in the state’s pension system reported it held millions of shares of the BlackRock iShares Bitcoin Trust and Grayscale Bitcoin Trust.

An April change to United Kingdom law will allow authorities to treat crypto like other assets by seizing it without accusing suspects of wrongdoing.

The Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop’s stock.

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BTC price volatility continues within a narrow range — but some BTC price data shows the path toward all-time highs.

Talk to any high-tech industry leader who’s launched an as-a-service offering, and they’ll tell you that everything as a service (XaaS) is unlike any other business model transformation. Instead of a one-and-done sales transaction, customers are signing up for a long-term relationship that bundles services with the company’s hardware or software products. XaaS often broadens the collaborative bonds with partners that are involved in service delivery as well. At the outset, companies need to think big but start small.

“Moving to an as-a-service model dramatically changes how an organization does business and keeps customers satisfied, starting with product design and pricing through synchronized order fulfillment, revenue recognition and sharing, invoicing, and contract management,” said Mirjam Wittmann, director of Product Marketing, High Technology at SAP. “We’re seeing our customers begin with a targeted pilot in one line of business, followed by refinements and expansion to monetize XaaS packages for greatest competitive advantage.”

XaaS-Driven Growth at Lenovo: Go Bigger Than Back Office

Everything-as-a-service business models are essential to Lenovo’s growth plans. Long recognized for laptops, phones, tablets, data center servers, and business solutions, the company’s service-led transformation has been a catalyst for significant expansion in its non-PC business, accounting for over 42% of the company’s revenue.

“We’re in a phase of rapid acceleration, focusing our efforts on the expansion and refinement of our XaaS capabilities and business infrastructure,” said Arthur Hu, senior vice president and chief information officer at Lenovo and chief technology and delivery officer at Lenovo’s Solutions and Services Group. “This journey involves a multifaceted approach, combining agile development, strategic partnerships, and continuous optimization to ensure that our XaaS offerings meet the evolving needs of our clients.”

Accelerate monetization of any business model with SAP solutions Learn more

Hu said that SAP Billing and Revenue Innovation Management provides Lenovo with the flexibility to monetize services through pay-as-you-go, subscription, consumption-based, outcome-based, and other models. For example, the company can structure pay-as-you-go packages priced by the customer’s power consumption, storage of gigabytes, utilization, and number of nodes in an installation.

“Redefine your product hierarchies to fit the as-a-service world. Update financial accounting for managed services, such as revenue recognition and costing. Provide the sales team with a clear understanding of the offerings so they can articulate the value to customers,” Hu said. “Make sure that every impacted system has the integrated data for accurate and timely fulfillment and entitlement that delivers the optimal customer experience and desired outcomes.”

Personalized XaaS Offerings Generate Revenue at Autodesk

Autodesk offers customers both subscription- and usage-based models for nearly all products across 50 countries. As a global leader in the design and software industry for media, construction, and engineering, Autodesk is using XaaS to future-proof the company.

“As-a-service provides us with a scalable, nimble foundation that drives better outcomes for customers and generates a steady stream of revenue for the company. We can quickly offer customers personalized products and pricing combinations for faster go-to-market,” said Sudhir Misal, senior director of Engineering at Autodesk. “SAP solutions are the backbone of our as-a-service business model, helping us cost-efficiently manage orders, converged invoicing, contract accounting, and the financial supply chain. For example, we’ve reduced quarterly financial closing times by over 80%.”

Misal agreed that a successful XaaS strategy requires a mindset shift.

“You need to partner closely with your system provider, in our case it was SAP, to understand the business context behind the offering. We focused on standardizing as much as possible,” Misal said. “Change management was a priority as we went through this journey that included all stakeholders. By talking with peer companies to hear their learnings, we avoided repeating mistakes that others have made.”

Generative AI Promises Dynamic Innovation

No discussion of high-tech innovation would be complete without addressing the significance of generative AI. Misal said that Autodesk was exploring how AI can help companies quickly test and adopt value-added XaaS offerings.

“Generative AI can analyze data to help organizations see how customers are behaving depending on the services they’re using,” said Wittmann. “Data from generative AI can help companies cross sell and upsell personalized services that meet individual customer preferences, increasing customer loyalty. With faster market demand insights, companies can dynamically adjust XaaS bundles and iterate fresh ideas to take advantage of emerging opportunities before the competition.”

Learn more about becoming a scalable subscription business with SAP’s unified quote-to-cash solutions for recurring revenue.

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DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models.

Over recent years, retailers have experienced a notable shift in consumer behavior towards more sustainable products and conscious consumption. Consumers have driven this shift with their increased awareness of environmental issues, ethical concerns, and desire to support products which are eco-friendly, ethically sourced, and produced under fair labor conditions.

Companies that prioritize sustainability in their operations, such as using recycled materials, reducing carbon emissions, or supporting social causes, are gaining popularity among consumers. But those consumers demand proof of these values and product promises at the point of sale.

“The rise of sustainability isn’t just a movement; it is a shift in consumer consciousness,” said Dania Fayyaz, SAP North America sustainability program manager. “Today’s consumers are redefining their purchasing patterns, opting for products and brands that align with their values, and driving a demand for eco-conscious practices and ethical sourcing.” In her conversations with retailers that visited SAP’s booth at NRF 2024, the world’s largest retail fair, she saw a high interest in sustainability solutions.

Consumers – and Markets – Demand Visibility

When the EU Deforestation Regulation (EUDR) comes into effect for large enterprises later this year all products sold in the EU containing palm oil, cocoa, soy, rubber, cattle/leather, coffee, wood, and their derivatives will need proof that their harvest didn’t contribute to deforestation. Non-compliance will result in potential fines of up to 4% of companies’ EU annual turnover. To help businesses simplify this complex task, the SAP Green Token solution can track the geolocation of where raw materials are harvested and automate the creation of due diligence statements (DDS). The solution can also help improve visibility for consumers on where the raw material for their clothing was sourced and offer information on potential reuse and recycling.

Record, report, and act with SAP Sustainability solutions Learn more

Take the example of a cotton shirt made from 50% certified recycled materials. Cotton can be sourced from multiple farms or recycling services and taken to a cotton mill where it’s spun into thread and later fabric. It becomes impossible to distinguish the different cotton elements – conventional versus recycled cotton – once they are co-mingled and the manufacturer loses insight into the sustainability attributes of the raw materials. That’s why it’s important to have a sophisticated tracking solution in place. “SAP Green Token can enhance transparency for bulk-traded, co-mingled raw materials by digitally storing sustainability attributes on tokens that traverse the supply chain,” said Fayyaz.

In addition to making conscious decisions on raw materials and products, consumers can also consider circular economy models. “I’m really intrigued by the idea of revitalizing clothing items,” said Fayyaz. “Imagine being able to exchange a well-loved jacket you’ve had for years and receive credit in return. And the jacket might find a new owner who will genuinely appreciate it.” The SAP Recommerce solution enables that scenario, helping brands and retailers take back, manage, and resell secondhand inventory to help accelerate the shift from linear to circular business models. On an even larger scale, SAP Green Ledger is SAP’s vision to make transactional carbon accounting a reality. It can enable organizations to track carbon like they do cash, with every financial transaction having a corresponding carbon entry. “This is incredibly desirable because we will see taxes for carbon imposed in the future, and decision-makers will want insights into which processes are utilizing the most carbon,” Fayyaz said.

The Future of Retail – A Retailer’s View

At a recent SAP event, Christoph Werner, CEO at German retailer dm-drogerie markt, shared his view on the future of retail and his insights on what customers want – and therefore what will shape the way retailers have to engage to drive business.

For Werner, individualization of the shopping experience and any transaction will play a major role. Therefore, retailers will have to focus on the individual shopper, not on clusters of shoppers like in the past. Hyper-personalizing the customer experience will improve loyalty; the value for the customer will not only be the price, but increasingly the overall service and experience. This will change the concept of promotions. Werner is convinced that retailers will benefit from giving added benefits and delighting the customer, rather than pushing products into the market based on reduced prices. “Bring home flowers every now and then, but keep it special,” Werner said.

To no surprise, AI will be the foundation for personalized shopping experiences. “AI has benefits and downsides and today it remains to be seen where it will take us,” Werner stated. Overall, retailers see AI as an opportunity, with the technology completing repeatable tasks, freeing up employees for more value-adding tasks, and empowering individuals to make a difference. As retail stores often face staffing challenges, this can empower people in sales and marketing teams instead of replacing them. From Werner’s perspective, an AI-empowered workplace will attract new employees.

Learn more about dm-drogerie markt and its path to excellence with SAP.

A Glance into the Crystal Ball

At the same time, low-price online platforms continue to attract consumers with their affordable and wide range of products. They offer competitive prices on trendy clothing and accessories using economies of scale and direct-to-consumer models. Despite concerns about their environmental and ethical practices, these platforms remain popular among price-conscious consumers. However, there is growing awareness of the environmental and social impacts of fast fashion and low-price models. As a result, consumers are becoming increasingly discerning in their purchasing decisions, prioritizing quality, longevity, and sustainability over cheap prices and fast fashion trends.

“Overall, the consumer landscape is evolving, with a growing emphasis on sustainability, conscious consumption, and ethical practices,” said Sven Denecken, chief marketing and solutions officer for SAP Industries & CX. “Companies that can adapt to these changing preferences and demonstrate a commitment to environmental and social responsibility are likely to thrive in the long term.”

Connect with us to get all the updates on company news, stories, and coverage Follow SAP News on LinkedIn

“SAP Fieldglass has consistently set the bar for the extended workforce solutions industry through a blend of innovation, advanced analytics, and total talent management functionality.” That is Ardent Partners’ assessment of the leading role SAP Fieldglass plays in the marketplace for vendor management systems. In its 2024 Vendor Management System (VMS) Technology Advisor report, it has positioned SAP Fieldglass as a Market Leader.

This recognition is especially gratifying as we continue to invest in enhancements and new functionality that make the SAP Fieldglass portfolio the benchmark for VMS innovation. Every day, we focus on empowering organizations to:

• Automate the procurement of external workers and services
• Build a strong external workforce and talent ecosystem
• Enable visibility across their extended workforce
• Use analytics and machine learning to engage and manage top talent
• Track and report on all their external workers
• Onboard, manage, and pay multiple resources for multiple assignments

Because of our focus on innovation, we all know the best is yet to come. New enhancements include the use of generative AI to help create and translate job descriptions, as well as to help produce statement of work descriptions. Even more powerful AI enhancements are planned for later this year that will continue to enhance productivity and streamline processes across hiring and workforce management. We will also continue to improve the user experience. And for midsize organizations, we are planning to deliver out-of-the-box solutions that are simpler to deploy.

We will continue to deliver innovations that enable organizations to deploy total workforce management – referred to as “total talent management” by Ardent Partners – across the enterprise.

Drive agility and resilience with a well-managed external workforce Discover how Recognizing the Strengths of SAP Fieldglass

“With a firm commitment to extended workforce innovation and the integration of AI-based tools into total talent management, SAP Fieldglass continues to deliver next-generation automation and powerful value within the Future of Work movement,” said Christopher J. Dwyer, SVP of Research at Ardent Partners and author of the new study. “SAP Fieldglass remains an ideal platform for both procurement and HR leaders to reimagine their contingent workforce initiatives and transform the ways non-employee talent supports work optimization.”

In its assessment of SAP Fieldglass solutions, Ardent Partners highlighted some of the portfolio’s strengths. Here are excerpts from the report:

• Spend management integration: “SAP Fieldglass is a pioneer in delivering the ‘spend management’ attributes of extended workforce management via on-demand supplier intelligence and guided, proactive spend and financial data. With its tight integration into SAP Ariba solutions, SAP Fieldglass Vendor Management System enables users with a series of real-time insights into the critical spend components of the external workforce.”
• Automation of statement of work (SOW) management: “SAP Fieldglass offers a powerful SOW management and services procurement module that was designed to optimize this extended workforce subcategory in a data-driven, value-added manner. This solution offers a unique and flexible design that enhances SOW creation, management, and reconciliation.”
• A “one-stop” experience for talent information: “SAP Build Work Zone offers real-time visibility into all workforce (both extended and traditional) attributes through a centralized entry point that brings together SAP Fieldglass, other SAP systems (particularly SAP SuccessFactors and SAP Ariba), and third-party integrations. SAP Build Work Zone can serve as a powerful ‘one-stop shop’ experience for critical talent information.”
• AI leadership: “SAP Fieldglass is at the forefront to AI revolution with its fully-embedded generative AI capabilities, including advanced job description automation, real-time talent recommendations, and on-demand pay rate intelligence. The company has built on its already-robust predictive analytics and scenario-building capabilities with added AI-led functionality that provides real-time rate guidance.”
• Total workforce management: “SAP Fieldglass is focused on delivering comprehensive ‘total workforce management’ with an offering that combines external workforce and FTE management with a single, global view. Key integrations with SAP SuccessFactors build on this solution with connections into SAP Analytics Cloud reporting, human capital offerings (like learning and development), candidate experience automation, and a ‘recommendation engine’ that is embedded across the talent acquisition process.”

Ardent Partners’ assessment also praised how SAP Fieldglass solutions can simplify assignment management, calling it a “core differentiator.” For managing light industrial, blue collar, and services-heavy labor for asset-heavy industries, the SAP Fieldglass portfolio includes end-to-end capabilities like timeclocks and badging, purchase order management, equipment tracking, resource management, and dynamic bill rate management.

Recommendations from Ardent Partners

How do SAP Fieldglass solutions fit the needs of organizations looking to purchase a new VMS, or upgrade from their current one? “SAP Fieldglass deserves strong consideration from enterprises that are seeking a trusted, global, innovative, end-to-end provider that presents cutting-edge technology that converges with total talent management and artificial intelligence,” Ardent Partners concludes. The report suggests the portfolio deserves consideration for these customer scenarios:

• “Businesses that desire AI-led tools and technology to guide talent decisions, fuse intelligence into workforce management, and provide real-time staffing insights.”
• “Companies that need a VMS partner that can optimize enterprise-level services procurement spend and SOW management with innovative functionality.”
• “Organizations that seek a VMS platform that focuses on Future of Work readiness and skills-based hiring.”

Vish Baliga is chief technology officer for SAP Fieldglass.

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Ardent Partners’ 2024 Vendor Management System (VMS) Technology Advisor is designed to help procurement, human resources, human capital, and talent acquisition executives navigate the complex and mature VMS solutions marketplace. This report analyzes and assesses the primary VMS solution providers in the marketplace today. You can read the full report here.

While the reason behind the three-hour, system-wide outage remains unknown, some users are still unable to transfer or withdraw their funds from the exchange.

Leveraging Technology to Drive Excellence On and Off the Pitch

FC Bayern, one of the most successful global football clubs, continues to raise the bar on and off the field. With a relentless focus on excellence and innovation, the world-renowned club has extended its usage of SAP SuccessFactors software with AI-enabled solutions to enhance its HR functions and processes.

A clear key to the club’s success are the more than 1,000 employees in Munich, New York, Bangkok, and Shanghai who are as integral to the club as the players on the pitch, meaning each job experience and career path must enable employees to continuously develop themselves professionally to reach their full potential.

Streamlining HR Operations with SAP SuccessFactors

FC Bayern initially adopted SAP SuccessFactors to optimize its  talent management, modernize HR processes, and foster a culture of continuous learning and development. Over the years, the club has expanded its utilization of SAP SuccessFactors to manage everything from employee onboarding to performance management.

FC Bayern Bring Out Their Best with SAP SuccessFactors and AI

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By leveraging SAP SuccessFactors, FC Bayern benefits from:

• Increased Efficiency: Automated workflows and streamlined processes have significantly reduced administrative burdens, allowing HR teams to accelerate complex processes and continually reduce time on the recruiting journey.
• Insightful Analytics: Real-time data and analytics providing managers with valuable insights into employee performance, engagement, and development, enabling holistic decision-making across an employee’s career path.
• Scalability: As FC Bayern continues to grow and evolve, SAP SuccessFactors offers scalable solutions that adapt to the club’s ever-changing needs and requirements. Employees can now access their personnel data securely from anywhere using any device, with self-service options for employees, managers, and HR admins.

Transforming Recruitment with AI-Enabled Solutions

SAP Business AI has the ability to transform the employee experience for employees, managers, recruiters, and HR professionals. Recognizing the importance of hiring top talent to maintain its competitive edge, FC Bayern will use AI-assisted capabilities in its recruiting process.  Now, the talent acquisition team at FC Bayern will be able to create compelling job descriptions — a previously time consuming and manual task — at the touch of a button, as well as be prompted with AI-generated interview questions based on job descriptions.

AI-enabled capabilities embedded in SAP SuccessFactors solutions empower organizations like FC Bayern to:

• Redefine Recruitment: Recruiters and hiring managers can benefit from the use of generative AI to create tailored job descriptions based on data from within SAP SuccessFactors solutions.
• Interview Questions with AI and Interview Evaluations in Microsoft Teams: Using Microsoft Teams integration, interviewers can now generate interview questions on the spot based on the job description in the job requisition by using generative AI capabilities.
• Elevate the Employee Experience: FC Bayern will empower their workforce to excel by providing seamless access to all HR systems, optimizing career development with SAP SuccessFactors Learning, and fostering engagement through experiences that prioritize and organize an employee’s individual needs, skills, interests, and aspirations, helping organizations like FC Bayern reinforce their reputation as an employer of choice.

The Future of HR at FC Bayern

By leveraging the SAP SuccessFactors HCM suite and SAP Business AI capabilities, FC Bayern will set new benchmarks in HR excellence, driving innovation and fostering a culture of professional growth and learning.

When organizations invest in their people — and in their passions and potential — they return the investment over and over. This happens when they are provided with intuitive self-service tools such as the SAP SuccessFactors Mobile app and access to HR systems that empower them to perform at their true potential. An improved employee experience in turn leads to better business outcomes.

As the club continues to evolve and face new challenges, FC Bayern remains committed to leveraging technology to stay competitive and bridge the skills gap of today to be better ready for what tomorrow brings.

Learn more about how SAP SuccessFactors Recruiting uses AI to transform your organization’s HR processes and drive success:

• SAP Business AI in Human Resources
• Talent Acquisition and Recruiting Software

Maryann Abbajay is chief revenue officer at SAP SuccessFactors.

Customer Testimonial: Discover more about the SAP and FC Bayern partnership Explore the journey