sap se-sponsored adr (SAP) Key Developments
Descartes Systems Group Signs Agreement with SAP SE to Enhance Transportation Management Connectivity, Collaboration and Regulatory Compliance
Jul 29 15
Descartes Systems Group announced that it has signed a software development cooperation agreement with SAP SE. The partnership provides customers with an end-to-end business-content network for logistics collaboration and connectivity by creating a logistics message exchange between Descartes' cloud-based Global Logistics Network (GLN) and the SAP Transportation Management (SAP TM) application. Since global transportation management is a multi-party process involving logistics services providers, carriers and governmental agencies, effective connectivity and collaboration are critical. Descartes' partnership with SAP is designed to provide customers with end-to-end shipment visibility and control across the logistics network and help ensure that the supporting customs security and fiscal filings are executed for safer, more seamless and consistent logistics operations. Also as part of the agreement, Descartes will provide GLN-based messaging and filing services for cross-border security filings such as ICS and ACE and transit, export and import declarations for forwarders and brokers. These services will leverage the transportation information created by SAP TM and provide filing status updates to SAP TM for improved shipment visibility.
SAP Accelerates Geo-Enabled Access to Enterprise Data
Jul 22 15
SAP SE announced it is offering new capabilities to turbocharge spatial intelligence by simplifying, accelerating and geo-enabling access to enterprise data. In the era of the Internet of Things (IoT), proliferation of low-cost location-aware devices is augmenting enterprise data with the "where" component. The SAP HANA platform can help break the silos between enterprise and GIS systems, enabling companies to get more value from corporate data and uncover trends and patterns in a visually intuitive manner. This announcement was made at the Esri User Conference being held July 21 in San Diego.
SAP SE Announces Lidl Use the SAP ERP Powered by SAP HANA
Jul 22 15
SAP SE announced that Lidl, is now using the SAP ERP powered by SAP HANA, SAP Business Warehouse powered by SAP HANA, and SAP Customer Activity
Repository applications to help simplify and centralize its IT infrastructure. Now, SAP HANA provides Lidl with a single platform to run essential applications that optimize and automate Lidl's core merchandising, logistics and in-store processes. The in-memory technology behind SAP HANA can process large amounts of data in real time. This is a business-critical aspect of the retail industry where innovation cycles are becoming increasingly shorter and customer demand is changing rapidly. Targeting the right markets and servicing customers with relevant assortments in all channels require retailers to systematically analyze data to better understand and react to customer behavior. Lidl also uses SAP Customer Activity Repository to gain a real-time view into the current performance of store operations. With SAP Customer Activity Repository, Lidl is able to provide its business departments information on all customer interactions and current stock levels.
SAP SE Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015
Jul 21 15
SAP SE reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of €4,970 million against €4,151 million a year ago. Operating profit was €701 million against €698 million a year ago. Profit before tax was €637 million against €719 million a year ago. Profit after tax was €469 million against €556 million a year ago. Profit attributable to owners of parent was €471 million against €557 million a year ago. Basic and diluted earnings per share were €0.39 against €0.47 a year ago.
For the six months, the company reported total revenue of €9,467 million against €7,849 million a year ago. Operating profit was €1,339 million against €1,421 million a year ago. Profit before tax was €1,115 million against €1,423 million a year ago. Profit after tax was €882 million against €1,090 million a year ago. Profit attributable to owners of parent was €885 million against €1,091 million a year ago. Basic and diluted earnings per share were €0.74 against €0.91 a year ago. Net cash flows from operating activities were €2,775 million against €2,575 million a year ago. Purchase of intangible assets and property, plant, and equipment was €276 million against €304 million a year ago.
The company maintain tax outlook and still expect a full year 2015 IFRS effective tax rate of 25% to 26% and a non-IFRS effective tax rate of 26.5% to 27.5%. The company expects full year 2015 non-IFRS cloud subscriptions and support revenue to be in a range of between €1.95 billion to €2.05 billion at constant currencies. The company continues to expect full year 2015 non-IFRS cloud and software revenue to increase by between 8% and 10% at constant currencies. And continue to expect full year 2015 non-IFRS operating profit to be in a range of between €5.6 billion and €5.9 billion at constant currencies.
Kenya Power Deploys SAP Solution to Enhance Procurement Processes
Jul 17 15
Kenya Power has announced the successful deployment of the latest SAP Business Suite to enhance efficiency of local procurement processes. Kenya Power currently spends most of its procurement budget on foreign sourced supplies, but now aims to support local industry by promoting local suppliers of key materials. The system is thus set up in accordance with government guidelines that 40% of the budgets of all state corporations and ministries must be used for local sourcing. The SAP system will allow Kenya Power to better manage suppliers through a vast improvement of the company's inventory management, which will reduce the stock level Kenya Power has to carry on an ongoing basis. In addition, the solution will enable an online and more transparent method of working with suppliers through a Supplier Relationship Management platform. The result is that Kenya Power will be able to evaluate the performance of its suppliers, allow them to respond faster to suppliers, and also enable suppliers perform self-service for invoices and purchase orders. Additionally, the SAP system has been set up to support a Kenyan government rule, which stipulates that each entity must set aside 30% of procurement supplies for disadvantaged groups comprising women, youth and people with disabilities After deployment of the system, Kenya Power is now able to leverage underlying Enterprise Resource Planning data for faster reconciliation, manage budgets as they are being utilized, and check how far the budget utilization is in relation to the overall plan. With SAP's treasury and operations engine, the firm is able to manage its growth and gain better visibility of the financial supply chain. The new general ledger will help Kenya Power do more in financial reporting, thus better managing different parts of the business.