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German Technology Company GEA Optimizes Procurement with Procurement Solutions from SAP - SAP SE today announced that GEA Group AG has successfully implemented the first phase of procurement solutions from SAP to optimize its procurement processes with one centralized solution suite - GEA.com / SAP.com
German Technology Company GEA Optimizes Procurement with Procurement Solutions from SAP

 

NewswireToday - /newswire/ - Düsseldorf, North Rhine-Westphalia, Germany, 2021/02/04 - SAP SE today announced that GEA Group AG has successfully implemented the first phase of procurement solutions from SAP to optimize its procurement processes with one centralized solution suite - GEA.com / SAP.com. NYSE: SAP

   
 
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SAP SE today announced that GEA Group AG, one of the largest technology providers for the food, beverage and pharmaceutical industries, has successfully implemented the first phase of procurement solutions from SAP to optimize its procurement processes with one centralized solution suite.

This news follows GEA’s strategic partnership with SAP to drive enterprise-wide digital transformation.

As part of this transformation, GEA (gea.com), based in Düsseldorf, Germany, selected SAP (sap.com) as a trusted partner to digitalize procurement and support a flexible and tailored approach to the company’s journey to a global ERP program. By adopting SAP’s procurement solutions, including SAP Ariba and SAP Fieldglass solutions as well as SAP S/4HANA for central procurement, GEA aims to:

• Create one centralized platform for all procurement functions to help optimize and generate significant savings;
• Enable full integration of end-to-end business process capabilities, including the complete source-to-pay process;
• Leverage investments in SAP S/4HANA by extending its digital core;
• Improve IT and business operations with harmonized solutions.

“Partnering with SAP is a strategic decision to facilitate end-to-end IT and business process capabilities,” GEA Chief Information Officer Christian Niederhagemann said. “In this phase of the strategy, we are streamlining procurement operations to maximize efficiency and boost collaboration with buyers and suppliers. With this focused overhaul, we plan to capture the full potential of the intelligent use of data across all business lines.”

SAP’s procurement solutions enable GEA to digitalize and simplify procurement processes on a single, integrated cloud platform. GEA also benefits from access to Ariba Network, one of the world’s largest digital business networks, connecting more than 5 million companies in 190 countries and where more than US$3.75 trillion in commerce flows annually.

Contact: Geraldine Lim; P: +1 415-418-0945 - E: geraldine.lim[.]sap.com, PT

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.

© 2021 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.

 
 
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German Technology Company GEA Optimizes Procurement with Procurement Solutions from SAP

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