Bain & Company Now Runs SAP S/4HANA Cloud Public Edition in 40 Countries

18.06.24 15:00 Uhr

Werte in diesem Artikel
Aktien

181,60 EUR 1,94 EUR 1,08%

WALLDORF, Germany and NEW YORK, June 18, 2024 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced Bain & Company, one of the world's leading management consultancies, is now successfully running all of its core financials in 40 countries on SAP S/4HANA Cloud Public Edition. This marks a milestone for Bain & Company since the firm embarked on an enterprise resource planning (ERP) modernization project in 2020.

SAP Logo (PRNewsfoto/SAP SE)

Choosing the Cloud to Support Future Growth

Having grown significantly over two decades, Bain & Company now operates globally in over 65 offices. This growth, both organic and through acquisitions, led to a rise in manual and localized back-end processes, in addition to the challenges of integrating acquired businesses into the wider company. For these reasons, Bain & Company made the choice to migrate to the cloud with SAP S/4HANA Cloud Public Edition.

"SAP S/4HANA Cloud Public Edition was the best ERP option to meet our needs because of its standard processes, latest industry best practices and continuously delivered innovation, and I believe that adopting an SaaS solution will help future-proof our technology stack as we continue to grow," Bain & Company Chief Information Officer Ramesh Razdan said. "We've already completed our first year-end close on SAP S/4HANA Cloud Public Edition and are very pleased with the results we've seen. I'm confident that we're on course to deliver significant value from this implementation in the coming years."

A Strategic Opportunity to Optimize Business Operations

In implementing SAP S/4HANA Cloud Public Edition across its global business in 40 countries, Bain was determined to realize the full potential of its new ERP system. From the outset, the program was owned by stakeholders from across both business and technology functions with the goal of fully standardizing core processes end to end and enabling its global users to deliver desired business outcomes with the new technology.  

Using its own ERP transformation teams and digital transformation expertise to deliver a "business-led" technology transformation of this magnitude, Bain worked together with SAP to design and deliver its end-to-end "SAP S/4HANA Cloud Public Edition modernization program." Additionally, Bain also invested in significant change management and training efforts to ensure global users were ready to harness the full value of SAP S/4HANA Cloud Public Edition.

"We treated this as a business-led transformation in the same way we advise our clients," Bain & Company CFO Steve McLaughlin said. "We standardized many processes to create real business value and execution efficiency. For example, we simplified and standardized our chart of accounts enabling us to utilize SAP S/4HANA Cloud Public Edition, group reporting to provide the management reporting our leaders need to make timely decisions. Our business leaders and finance team have owned our SAP S/4HANA Cloud Public Edition journey from day one, which was a real key to our initial success and knowing we have more to do."

Successful "Big Bang" Implementation Across the Globe

Bain is now live globally with fully standard processes following a big-bang implementation across 40 countries. Today, it has a system built around a standardized core, which has enabled faster and better-informed decision-making, automated processes that will lead to reduced manual work, quicker onboarding of acquisitions, and seamless ERP upgrades and innovation.

"Bain & Company and SAP have been long-standing partners," said Scott Russell, chief revenue officer and member of the Executive Board of SAP SE. "We are delighted to support them in their journey to the cloud so that they are poised to continue transforming their business as well as the businesses of our joint customers. I look forward to seeing Bain & Company fully utilize all the latest innovations, including industry best practices and new technologies like generative AI, available to them through SAP solutions."

Visit the SAP News Center. Follow SAP at @SAPNews.

About SAP
As a global leader in enterprise applications and business AI, SAP (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 www.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's 2023 Annual Report on Form 20-F.

© 2024 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. 

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

Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bain--company-now-runs-sap-s4hana-cloud-public-edition-in-40-countries-302170942.html

SOURCE SAP SE

Ausgewählte Hebelprodukte auf SAP

Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf SAP

NameHebelKOEmittent
NameHebelKOEmittent
Wer­bung

Nachrichten zu SAP SE

Analysen zu SAP SE

DatumRatingAnalyst
09.07.2024SAP SE OverweightJP Morgan Chase & Co.
08.07.2024SAP SE BuyUBS AG
04.07.2024SAP SE BuyGoldman Sachs Group Inc.
02.07.2024SAP SE OverweightBarclays Capital
01.07.2024SAP SE AddBaader Bank
DatumRatingAnalyst
09.07.2024SAP SE OverweightJP Morgan Chase & Co.
08.07.2024SAP SE BuyUBS AG
04.07.2024SAP SE BuyGoldman Sachs Group Inc.
02.07.2024SAP SE OverweightBarclays Capital
01.07.2024SAP SE AddBaader Bank
DatumRatingAnalyst
23.05.2024SAP SE HaltenDZ BANK
23.04.2024SAP SE HaltenDZ BANK
23.04.2024SAP SE HoldWarburg Research
05.02.2024SAP SE HoldWarburg Research
24.01.2024SAP SE HaltenDZ BANK
DatumRatingAnalyst
17.05.2023SAP SE UnderperformJefferies & Company Inc.
11.05.2023SAP SE UnderperformJefferies & Company Inc.
04.05.2023SAP SE UnderperformJefferies & Company Inc.
24.04.2023SAP SE UnderperformJefferies & Company Inc.
21.04.2023SAP SE UnderperformJefferies & Company Inc.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für SAP SE nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"