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SE’s SAP latest Rise with
SAP solution is witnessing strong traction. The solution was recently leveraged by Canada-based Capstone Mining
to overhaul its IT infrastructure and slash costs. Capstone Mining is also planning to deploy SAP S/4HANA Cloud on Microsoft’s MSFT Azure cloud platform by the end of 2021. By implementing Rise with SAP, Capstone Mining will be able to seamlessly transition of SAP services across its mining operations. This will provide management with a complete and unified view of its entire operations, added SAP.Rise with SAP is the company’s comprehensive business transformation as a service solution that helps enterprises simplify digital transformation in the cloud and achieve better business outcomes. The company launched the solution as a subscription service in January 2021.The solution includes elements like SAP S/4HANA Cloud enterprise resource planning (ERP) solution and SAP’s Business Process Intelligence platform along with SAP Business Technology Platform consumption credits.SAP SE Price and Consensus SAP SE price-consensus-chart | SAP SE Quote Rise with SAP also has embedded services and tools to offer access to products and services necessary for seamless transformation to SAP S/4HANA.The solution witnessed addition of more than 250 new clients including the likes of Advanced Micro Devices, EBANX, Fujifilm Diosynth Biotechnologies, The Great Eastern Shipping Co., Inchcape and National Basketball Association among others in the last reported quarter.A Look at Growth Opportunities for SAPWalldorf, Germany-based SAP is one of the largest independent software vendors in the world and the leading provider of ERP software. The company’s performance is benefitting from continued strength in its cloud business along with increasing demand for its Rise with SAP solution.Per a Grand View Research report, the worldwide business software and services market is expected to witness a CAGR of 11.3% between 2021 and 2028. Spending on enterprise software is expected to pick up pace after being hit hard by the pandemic. The projections bode well for SAP.The company’s cloud-based SAP SuccessFactors HXM solutions are also gaining steady traction. SAP’s SuccessFactors Human Experience management (HXM) solution exited 2020 with more than 900 customers. The SuccessFactors Employee Central solutions form the mainstay of the company’s HXM offerings. Continued momentum witnessed by Ariba and Fieldglass offerings is noteworthy.Recently, SAP launched SAP Fioneer globally. SAP Fioneer is the company’s financial services joint venture established in association with Dediq GmbH. Fioneer is created to design solutions that cater to the evolving needs of banking and insurance industry participants, particularly in the areas of core insurance, core banking and financial services industry (FSI)-specific finance solutions.The company’s latest offering from the SAP HANA family, S/4HANA is an extensive ERP solution, embedded with latest technologies like machine learning, AI and advanced analytics, which enables businesses to upgrade operations. The company considers Rise with SAP as an important catalyst for fueling the adoption of the company’s S/4HANA Cloud and Business Technology Platform.In second-quarter 2021, the S/4HANA adoption increased 16% year over year to around 17,000 customers. The company introduces regular advances to SAP S/4HANA Cloud to attract new customers.Zacks Rank & Stocks to ConsiderCurrently, SAP carries a Zacks Rank #3 (Hold).Some other better-ranked stocks in the Computer Technology sector include Cadence Design Systems CDNS and PTC PTC. Both the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here.Long-term earnings growth rate for Cadence and PTC is pegged at 11.7% and 23.2%, respectively.Zacks Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report PTC Inc. (PTC): Free Stock Analysis Report To read this article on Zacks.com click here.Weiter zum vollständigen Artikel bei "Zacks"