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GARTNER INC

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Gartner : SAP Recognized as a Leader in the Gartner 2020 Magic Quadrant for Procure-to-Pay Suites

11/18/2020 | 07:40am EST

SAP SE (NYSE: SAP) today announced independent analyst firm Gartner Inc. has positioned SAP as a Leader in its 2020 Magic Quadrant for Procure-to-Pay Suites report.*

This is the fifth consecutive time Gartner has named SAP a Leader in this report following an evaluation of SAP Ariba and SAP Fieldglass solutions.

According to Gartner, 'Growing pressure to reduce spend, drive compliance and improve efficiency continues to propel interest in the P2P suite market. . . . Gartner defines procure-to-pay (P2P) suite market as integrated solutions with automated workflows to request, procure, receive and pay for goods and services across an enterprise. These solutions are marketed as suitable for processing, at a basic level, all types of spending including indirect goods, direct goods and services. P2P suites optimize the purchasing process, resulting in improved financial controls, process compliance, cost savings (or cost avoidance) and mitigated risk.' Gartner evaluated 14 P2P suite providers on 15 criteria and placed SAP in the Leaders quadrant based on its completeness of vision and ability to execute.

'The experiences of this past year have put a spotlight on the importance of agility in procurement to manage unexpected disruption,' said Baber Farooq, senior vice president, Product Strategy, SAP Procurement Solutions. 'SAP is uniquely positioned to respond quickly to changing market conditions and is the only provider that can help businesses manage all categories of spend. With process-level integrations across SAP Ariba solutions, SAP Fieldglass solutions and SAP S/4HANA, we will help our customers become intelligent enterprises and deliver business outcomes that propel growth and innovation during this challenging time.'

Additionally, in the Gartner Critical Capabilities for P2P Suites report,** published November 2, 2020, SAP's P2P solution suite ranked as the No. 1 vendor in the Services Focused use case, scoring 4.32/5. Gartner also scored SAP among the highest two for Indirect Procurement Focused (4.15/5), Direct Materials Focused (4.08/5), and Complex Environment Focused (4.04/5) use cases in the same report.

SAP Ariba and SAP Fieldglass solutions are part of the larger intelligent spend and business network portfolio from SAP, which also includes SAP S/4HANA functionality for operational procurement and SAP Concur solutions. The newly formed business unit brings together SAP's solution and product engineering teams focused on procurement, external workforce management, and travel and expense management to help ensure SAP continues to lead the intelligent spend and business network markets while tapping into the broader portfolio so that customers benefit from a completely integrated suite.

Complimentary copies of both reports are available here.

For more information visit the SAP News Center. Follow SAP on Twitter @SAPNews.

Media Contacts:

Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET

Geraldine Lim, +1 (415) 418-0945, geraldine.lim@sap.com, PT

SAP Press Room; press@sap.com

*Gartner, 'Magic Quadrant for Procure-to-Pay Suites,' Kaitlynn Sommers, Micky Keck, William McNeil, Tim Faith, October 19, 2020.

**Gartner, 'Critical Capabilities for Procure-to-Pay Suites,' Micky Keck, William McNeil, Kaitlynn Sommers, Tim Faith, November 2, 2020.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
GARTNER INC -1.52% 160.41 Delayed Quote.0.14%
SAP SE -0.65% 103.52 Delayed Quote.-3.45%
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Financials (USD)
Sales 2020 4 063 M - -
Net income 2020 196 M - -
Net Debt 2020 1 631 M - -
P/E ratio 2020 73,8x
Yield 2020 -
Capitalization 14 323 M 14 323 M -
EV / Sales 2020 3,93x
EV / Sales 2021 3,50x
Nbr of Employees 16 724
Free-Float 53,0%
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Average target price 165,13 $
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Eugene A. Hall Chief Executive Officer & Director
James C. Smith Non-Executive Chairman
Craig Warren Safian Chief Financial & Accounting Officer, Senior VP
Michael Diliberto Chief Information Officer & Executive VP
William Otto Grabe Independent Director
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