The German tech giant’s Q1 2023 results showed impressive growth in the Asia Pacific and Japan (APJ) region, with cloud revenue reaching 414 million Euros, a significant 23% increase from the same period in 2022. Meanwhile, the total revenue for the quarter was 1.063 billion Euros, reflecting SAP’s strength and continued growth. Additionally, the global cloud revenue also saw an increase of 24%, with S/4HANA cloud revenue up by an impressive 77%.

SAP’s cloud strategy is resonating well with customers in APJ, as demonstrated by the adoption of the SAP S/4HANA public cloud edition by renowned brands like Shinsegae International and NEC Networks & System Integration Corporation. These brands are experiencing the benefits of SAP’s innovative, flexible, and comprehensive cloud-based transformation, which is empowering their businesses to transform in the cloud.

According to Paul Marriott, President of SAP APJ, businesses in Asia are rapidly transforming and digitizing their operations through a cloud-first strategy. Momentum is building across large enterprises and SMEs, with SAP’s public cloud offering delivering flexibility and scalability, while also leveraging the company’s global business networks. This also allows customers to innovate faster than ever before, enabling them to become intelligent and sustainable businesses.

SAP Cloud Success Services are assisting businesses throughout Asia Pacific and Japan (APJ) to reach their objectives through value-driven collaboration. HCLTech, a leading global technology company, Indorama Ventures, a chemical company, Commonwealth Bank of Australia, one of Australia’s biggest banks, and DKSH Holdings, one of the world’s top market expansion companies, are among the new customers receiving the benefits of SAP Cloud Success Services.

Leveraging SAP Cloud Success Services for Digital Transformation

Several companies that have implemented SAP solutions with the help of SAP Cloud Success Services include:

• Commonwealth Bank of Australia, a global banking customer of SAP, has implemented CommRem (SAP Commissions) to speed up commissions processing time and provide better digital innovation to improve customer experience.
• HCLTech has chosen various SAP solutions, including SAP SuccessFactors, SAP Business Technology Platform, SAP Qualtrics, and SAP Preferred Success Services to better engage, recruit and retain the best talent and provide a world-class employee experience.
• Indorama Ventures (IVL), a global chemical company, embarked on a four-year digital transformation project in 2020 to implement SAP S/4HANA, SAP SuccessFactors, and SAP BW/4HANA across more than 100 IVL entities globally with the support of SAP Cloud Success Services and Accenture.
• JFE Steel migrated its accounting and investment management system to SAP S/4HANA Cloud with the support of SAP Cloud Success Services.
• NEC Networks & System Integration Corporation adopted SAP S/4HANA Cloud, public edition, to expand its service business.
• L&T Construction & Mining Machinery (CMB) went live with SAP Field Service Management to automate and optimize service delivery and quality through real-time scheduling, dispatching, tracking, and reporting.
• Shinsegae International went live with SAP S/4HANA Public Cloud successfully with the help of SAP Cloud Success Services.

SAP results indicate that the company has seen significant growth in revenue and cloud subscriptions in recent years, indicating a strong performance in the enterprise software market. The German tech giant’s investments in cloud computing and artificial intelligence have also positioned the company well for future growth opportunities. Lastly, the positive trends seen in SAP results suggest a promising future for the company as it continues to innovate and evolve in response to changing market conditions and customer needs.

The post SAP Results for Q1 2023 Reveal Ongoing Cloud Momentum in APJ appeared first on InsideSAP Asia.

Riding on the momentum of its strong cloud business, the German enterprise software giant has unveiled new leadership appointments to maintain its position at the forefront of business innovation and further expand its management team in APJ. In a press release statement, SAP noted that Ananthapadmanabhan, the former Head of Midmarket at SAP India, will now be in charge of a regional team that will support small and medium-sized enterprises (SMEs) in utilising the power of intelligent enterprise solutions and applications to modernise their business processes.

As part of his new role as SVP and Head of Midmarket at SAP APJ, Ananthapadmanabhan will spearhead the organisation’s go-to-market strategy with a particular emphasis on cloud hypergrowth, discovering and developing opportunities in new market categories, and increasing customer lifetime value. Ananthapadmanabhan believes establishing new networks while reinforcing older relationships has always played a crucial role in achieving growth. Commenting on his new appointment, he further said:

“I am honoured to get this opportunity again, as I take the next step at SAP, to lead the Midmarket business for Asia Pacific Japan. With the current pace of innovation in Midmarket stronger than ever, this segment is poised to change communities, industries, and economies for the better.”

“I am super excited to recommit ourselves to our customers and partners on their journey of innovation, sustainability, and transformations,” Ananthapadmanabhan published on LinkedIn.

Bolstering the APJ Business with New SAP Management Appointments

SAP APJ President Paul Marriott said that hiring the right person for the job is one of the most important decisions they make. Sharing more about his thoughts on Ananthapadmanabhan’s appointment, Marriott commented in a post:

“I’m delighted that Subbu Ananthapadmanabhan will lead our hugely successful Mid Market team, partnering with our customers and supporting them through their next phase of growth. Subbu fervently believes SMEs power our region’s growth and by transitioning to the cloud they have an opportunity to significantly change communities, industries, and economies for the better.”

Meanwhile, Claus Andresen has also been promoted as Head of Cloud Success Services in APJ. Andresen, who has more than a decade of experience in the region, is dedicated to using digital transformation in providing a competitive advantage for companies and helping them achieve their long-term business strategies.

SAP’s Cloud Success Services organisation, which was founded in 2022, brings together a global force of over 20,000 employees to develop and deliver new services and products and assist clients in maximising the value of SAP in the cloud. Throughout Andresen’s guidance, the company will work with Fortune 500 firms as well as small businesses in the region to make sure that they get the most out of their enterprise software investments.

Last January, SAP also named Susanna Hasenoehrl as SVP and Head of Sustainability for APJ. As part of its mission to expand the company’s portfolio of sustainability-specific solutions, the role aims to support clients and partners in attaining their strategic environmental objectives while complying with regulatory requirements.

The post SAP Management in APJ Expands with New Leadership Appointments appeared first on InsideSAP Asia.

The IT services industry in India continues to lead the way in delivering global business transformations enabled by innovation and technology. India’s digital transformation market is predicted to hit $710.0 billion by 2024, growing at a compound annual growth rate (CAGR) of 74{aa282f308afcc222aaa21b0478c79e01a8fedd01972e2180867097bd93930f22}. The adoption of Industry 4.0 technologies, cloud computing, the Internet of Things (IoT), mobility, big data and analytics, and social media are all projected to be key growth drivers in the industry. Additionally, innovations in artificial intelligence (AI) and data analytics are also considered significant factors in accelerating digital transformation and driving business growth.

As one of the major players in India’s IT services sector, SAP strengthens its commitment to helping organisations modernise their operations in order to become sustainable, intelligent enterprises. In 2021, the German enterprise software multinational’s business in the country increased by triple figures in three quarters during the year — demonstrating the tremendous demand for cloud-based products and services. As of 2020, SAP announced that it was shifting its focus to a cloud-based business model, with an end goal of achieving 22 billion euros from the cloud market segment by 2025.

According to SAP Indian Subcontinent Managing Director Kulmeet Bawa, India was one of the regions with the highest number of global clients for the company’s Business Transformation as a Service (BTaaS) offering RISE with SAP. Indian enterprises from across different industries have already embraced the solution to support them in adapting and thriving in today’s ever-evolving market conditions. 

“2021 was the best year in our history, and we’ve contributed globally very holistically,” Bawa highlighted.

Advancing India’s Contribution to SAP Market Segments

Moreover, Bawa indicated that SAP India’s business growth was driven by large companies and small and medium-sized enterprises (SMEs), which have begun to invest more heavily in cloud-based technologies in the wake of the COVID-19 global pandemic. In February, SAP announced the new Cloud Success Services organisation which focuses on customer lifecycle management by integrating its services and customer experience (CX) units. Over 22,000 staff are part of the organisation to help ensure the success of every customer’s cloud transformation journey by providing SAP’s most advanced capabilities and services.

With this, Bawa said that he also intends to establish India as a global talent hub for the tech company as it currently expands in other fields such as cybersecurity, machine learning (ML), and data science, among other things. At the moment, SAP India has around 14,000 people spread across business operations and technology facilities, with more than 1,500 new employees hired in the last year.

Furthermore, Bawa stated that the company plans to strengthen its connection with the Indian startup ecosystem in the future. An accelerator program for startups has been developed by SAP Labs India in an effort to promote entrepreneurship and technological development in the country. The SAP Startup Studio and the SAP Labs campus in Bengaluru were established to assist in the development of new startups in the fields of big data and IoT.

“One aspect is working with them as a technology enabler, and the second is to co-innovate with them, and that is very big for us. We have an advantage in India because of the massive talent pool across the organisation,” he emphasised.

The post India Posts Double-Digit Growth Across All SAP Market Segments appeared first on InsideSAP Asia.