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Yahoo
7 days ago
- Business
- Yahoo
Why Caleres (CAL) Shares Are Plunging Today
Shares of footwear company Caleres (NYSE:CAL) fell 17.6% in the afternoon session after the company reported underwhelming first-quarter 2025 results: its revenue, EPS, and EBITDA fell short of Wall Street's estimates. That miss mainly came from slower sales at both its Famous Footwear stores and other brands, with February being especially soft. The company suspended its full-year outlook, citing market uncertainty, a signal that near-term visibility remained clouded despite pockets of improvement in March and April. The company also announced plans to cut operating expenses, alongside efforts to diversify sourcing away from China, as it tries to regain control amid shifting consumer habits. Overall, this was a weaker quarter. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Caleres? Access our full analysis report here, it's free. Caleres's shares are very volatile and have had 24 moves greater than 5% over the last year. But moves this big are rare even for Caleres and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock dropped 21.1% on the news that the company reported weak second-quarter results. Its revenue unfortunately missed, and its EPS fell short of Wall Street's estimates. Unpacking the drivers for the underwhelming sales results, the company called out delayed contributions from the back-to-school season, which impacted Famous Footwear sales. In addition, brand portfolio sales fell 5.1% due to operational reporting challenges in connection with its SAP ERP implementation and weak seasonal demand. Looking ahead, guidance was also underwhelming. Overall, this quarter could have been better. Caleres is down 38.8% since the beginning of the year, and at $13.76 per share, it is trading 68.7% below its 52-week high of $43.97 from August 2024. Investors who bought $1,000 worth of Caleres's shares 5 years ago would now be looking at an investment worth $1,919. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Kyndryl expands cloud alliance with Microsoft
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Kyndryl expanded its partnership with Microsoft to extend its hybrid cloud integration services across distributed environments, the companies said in a Tuesday announcement. The IT services provider will leverage the hyperscaler's adaptive cloud methodology and Azure Arc and Azure Local platforms to help clients cultivate hybrid interoperability between on-premises and cloud-based applications. Initial use cases are designed for retail, manufacturing, energy and healthcare organizations, according to the announcement. Kyndryl forged an alliance with Microsoft shortly after IBM completed its spinoff of the company in November 2021. 'We have doubled down in a variety of domains,' Giovanni Carraro, SVP of global strategic alliances at Kyndryl, told CIO Dive, pointing to joint mainframe modernization, cybersecurity and SAP ERP migration services. 'Unifying operations across hybrid multicloud environments is a critical area for our customers.' Kyndryl built its IT services and consulting business around helping enterprises navigate to the cloud through thickets of legacy applications and on-premises infrastructure. Hyperscaler partnerships, including the longstanding pact with Microsoft, provide Kyndryl with resources to ease client modernization journeys while driving up cloud consumption. Hybrid estate management expertise has been a boon to Kyndryl in the short time since the spinoff. The company ended its 2025 fiscal year in the black with net income of $68 million for the three months ending March 31, compared with a net loss of $45 million a year ago. 'Our alliances with hyperscalers and leading technology providers are extensive and continually expanding,' Kyndryl Chairman and CEO Martin Schroeter said during the company's Q4 2025 earnings call last week. 'We are uniquely positioned to address the secular IT trends like cloud migration, increasingly hybrid IT environments, cybersecurity risks and the adoption of AI.' Kyndryl's hyperscaler-related revenues more than doubled to $1.2 billion in FY2025 as revenues grew 25% year over year. As enterprises invest in data modernization to fuel generative AI adoption, Kyndryl expects revenues tied to its cloud alliances to grow another 50% in the next fiscal year to roughly $1.8 billion, CFO David Wyshner said during the earnings call. 'Every company in the world is having an AI conversation, looking into what they can do and where they can go with AI, but they are struggling with adoption because of their legacy systems,' Carraro said. Sign in to access your portfolio
Business Wire
12-05-2025
- Business
- Business Wire
SAP Cloud Migrations Drive Demand for Ecosystem Services
STAMFORD, Conn.--(BUSINESS WIRE)--Enterprises around the world are cautiously migrating from SAP ERP to SAP S/4HANA and working with service providers to navigate the financial and operational complexities involved, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. Moving core ERP functions to the cloud is such a daunting task for enterprises that many question whether it is worth the effort and investment. They look to SAP's diverse ecosystem of providers for migration strategies that answer their challenges. Share The 2025 ISG Provider Lens™ global SAP Ecosystem report finds that many companies have difficulty understanding the total cost of SAP migration and building a strong business case for moving to cloud-based S/4HANA. Though under pressure to act, due to the pending end of support for SAP ERP Central Component (ECC) in 2027, they are moving carefully to maintain business continuity and minimize the impact of the transition. 'Moving core ERP functions to the cloud is such a daunting task for enterprises that many question whether it is worth the effort and investment,' said Bill Huber, ISG partner, digital platforms and solutions. 'They look to SAP's diverse ecosystem of providers for migration strategies that answer their specific business and technical challenges.' Two major SAP cloud migration offerings, RISE with SAP and GROW with SAP, are gaining traction with different types of organizations, the report says. Both are designed to help enterprises streamline business operations and become more agile, and service providers play key roles in implementing both. RISE with SAP offers a holistic transformation approach aimed at enterprises starting to move to the cloud. Adoption is growing more slowly than expected, but companies are beginning to understand the components of the package so they can make more informed decisions about using it, ISG says. Service providers that understand specific industries are developing tailored migration plans for quicker deployment and faster time to market. Companies considering RISE with SAP seek providers that can deliver effective communication and comprehensive support frameworks GROW with SAP, designed as a scalable, accelerated path to cloud adoption, is gaining significant momentum among fast-growing small and lower midmarket companies and subsidiaries, ISG says. The package, which enables the adoption of SAP best practices with minimal customizations, is designed to allow a quick return on investment. Providers are supporting GROW with SAP with prebuilt templates and accelerators. As companies move SAP workloads to the cloud, they are increasingly focused on cost optimization, the report says. Many are turning to providers for FinOps practices to control cloud spending and maximize return on investment. Companies seek to measure the cost of individual business transactions and processes in the cloud, making AI an increasingly important analytical tool. A growing number of enterprises are using SAP Business Technology Platform (BTP) to take a Clean Core approach to SAP implementations for easier upgrades and better performance, ISG says. Service providers are building industry-specific solutions on top of BTP to help clients integrate digital processes and accelerate innovation. SAP Business AI, including the Joule generative AI copilot, is also gaining momentum, though some enterprises still want more clarity about its pricing, the report says. 'Joule has many potential use cases across industries and departments to improve insights and decision-making,' said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. 'Enterprises are working with providers to get maximum business value from it.' The report also explores other trends affecting enterprises using SAP, including rising concerns about compliance and security and the need for change management. For more insights into the SAP-related challenges facing enterprises worldwide, along with ISG's advice for addressing them, see the ISG Provider Lens™ Focal Points briefing here. The 2025 ISG Provider Lens™ global SAP Ecosystem report evaluates the capabilities of 45 providers across four quadrants: RISE with SAP Implementation Partners, SAP Business AI and Business Technology Platform (BTP) Services, Cloud Economics and FinOps Services for SAP and GROW with SAP Implementation Partners (Midsize providers). The report names Accenture, Capgemini, HCLTech, IBM, Infosys and Wipro as Leaders in three quadrants each. It names Cognizant, LTIMindtree, TCS and Tech Mahindra as Leaders in two quadrants each. Atos, Cognitus, Deloitte, Globant, KaarTech, Stefanini, Syntax and YASH Technologies are named as Leaders in one quadrant each. In addition, Cognitus, Delaware and DXC Technology are named as Rising Stars — companies with a 'promising portfolio' and 'high future potential' by ISG's definition — in one quadrant each. In the area of customer experience, Wipro is named the global ISG CX Star Performer for 2025 among SAP ecosystem providers. Wipro earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry. Customized versions of the report are available from Atos and Cognitus. The 2025 ISG Provider Lens™ global SAP Ecosystem report is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.
Business Wire
08-05-2025
- Business
- Business Wire
Rimini Street和ServiceNow與Apsen Farmacêutica合作，實現企業級工作流程自動化的下一代願景
拉斯維加斯--(BUSINESS WIRE)--(美國商業資訊)-- Knowledge 2025 — 端對端企業軟體支援、管理與創新解決方案的全球供應商以及Oracle、SAP和VMware軟體的領先支援服務協力廠商 Rimini Street, Inc. (Nasdaq: RMNI)在ServiceNow的年度客戶和合作夥伴活動 Knowledge 2025 上宣布，巴西製藥商Apsen Farmacêutica已與Rimini Street和ServiceNow合作，實施企業級工作流程自動化的下一代願景。這一新願景將使公司實現自主營運，協助其更快地因應市場變化，減少資訊孤島，並提高營運效率。 Apsen將業務需求置於技術之上，採用靈活的模組化企業資源規劃(ERP)方法，實現持續創新並掌控IT投資。達成這一目標的第一步是擺脫對供應商和系統的依賴，首先從其SAP ERP平台投資開始。 Apsen Farmacêutica資訊長Renan Santos表示：「三年前制定的策略核心是引進一個有能力變革IT的團隊，採用『自製、購買或融合』的構想，以協調的方式連接公司的所有系統。在這個過程中，SAP的問題出現了。隨著SAP宣布2027年後將不再支援SAP ECC 6，我們面臨一個選擇——承擔移轉到S/4HANA的成本、干擾和風險，或者重新構想現有的系統，使其成為一個創新平台。就在那時，我們與Rimini Street合作，實施ServiceNow的ERP現代化解決方案。」 Rimini Street執行長Seth Ravin表示：「我們非常高興能與ServiceNow和Apsen Farmacêutica合作，交付這項下一代技術——它可以輕鬆地部署在其現有的SAP ECC 6 ERP和其他目前的企業軟體平台之上，無需進行高成本、高風險且不必要的升級或移轉。我們很驕傲能協助Aspen透過節省系統升級和移轉的成本，為其創新投資實現自籌資金。Apsen在簡化流程、降低營運成本和提高營運效率方面看到了立竿見影的成效。」 ServiceNow核心業務工作流程、產品和解決方案行銷副總裁Peter Russo表示：「ServiceNow很高興能與Rimini Street合作，將我們的共同解決方案和下一代ERP現代化願景帶給Apsen Farmacêutica——Apsen在專案啟動幾周後就從該解決方案中實現了價值。相較創新投資，ERP和其他企業軟體的升級和移轉通常無法提供可觀的投資報酬率。Apsen是一個絕佳的範例，展示了ServiceNow和Rimini Street如何共同為全球企業帶來價值、節省成本，並加快實現創新、現代化和自主AI的進程。」 Rimini Street：與ServiceNow合作實現「無干擾轉型」(Transformation without Disruption™) Rimini Street和ServiceNow合作，向市場推出了一項新解決方案，透過將ServiceNow平台與Rimini Street針對SAP、Oracle、Infor、Microsoft ERP和其他孤立企業軟體的成熟企業軟體支援相結合，實現「無干擾轉型」，無需進行昂貴的升級、移轉或重新搭建平台。 借助這一新解決方案，Rimini Street能夠： 取代軟體供應商對底層ERP和企業軟體的支援，將總支援成本降低高達90%，同時保證將軟體和版本的生命週期至少延長15年，無需進行升級或移轉 透過在現有ERP、軟體即服務(SaaS)和其他軟體之上及之間部署ServiceNow層，釋放資金和資源以投資于加快創新 提供強大的企業AI和整合的企業「單一視窗」視圖，提供可操作的營運洞察並強化競爭優勢 連接孤立的系統和資料 實施智慧工作流程和任務自動化，有助於提高生產力並減少勞動力需求 為使用者提供新的現代化螢幕以及行動功能、互動和體驗（使用者體驗） 敏捷性、自動化和成本撙節——無需升級或移轉 Santos表示：「儘管公司進行了大量投資，但身為一名技術專業人員，我以個人和企業員工的身分經歷了兩種截然不同的體驗，這令人非常沮喪。融合這兩個領域是我和我的團隊共同的目標。我們一直在尋找一種敏捷的解決方案，它能夠快速帶來價值，並避免任何大型軟體移轉專案固有的成本、複雜性和風險，而Rimini Street與ServiceNow的創新解決方案是我們實現轉型願景的最快且最可靠的途徑。」 在Rimini Street為Apsen Farmacêutica的關鍵任務SAP ECC系統提供全面支援的情況下，Santos及其團隊輕鬆地將SAP任務和客製化功能轉換為ServiceNow智慧工作流程，連接了所有必要的現有系統和團隊。Apsen Farmacêutica遵循其可組合性和靈活性策略，選擇了低程式碼/無程式碼工具並整合了AI，為工作流程帶來內建式智慧，進而實現即時的營運分析。 Apsen Farmacêutica與Rimini Street和ServiceNow合作的成果包括： 之前需要大量人工介入的流程中，70%如今已實現自動化 將新流程的開發週期從數月縮短至數周 減少對高度專業化團隊的依賴，推動整個企業實現自主流程開發以滿足業務需求 在提高速度和效率的同時降低營運成本 該公司看到了Santos願景的成果和益處，即擺脫傳統的由供應商驅動的指令，將控制權和權力重新交回企業手中，這對企業的文化產生了重大影響。Santos表示：「我們設立了一支強大的內部團隊，現在這個團隊有能力以策略性的方式重新思考流程、供應商和架構。最初的下一代願景和試點專案已成為整個公司的典範。」 Apsen Farmacêutica計畫擴充該解決方案，實現物流、品質和財務等其他關鍵流程的自動化。Santos補充道，Rimini Street對SAP ECC 6等關鍵任務系統以及ServiceNow解決方案的深入瞭解為該企業帶來了新的現實。 Santos還表示：「我們的重點仍然是保持目前系統的穩定和安全，同時建立一個能夠實現持續和敏捷創新的架構。這一策略性合作夥伴關係將協助我們在安全、可擴充和持續提升效率的基礎上不斷成長。」 在 此處 進一步瞭解Apsen Farmacêutica與Rimini Street和ServiceNow合作實現「無干擾轉型」的歷程。 關於Rimini Street, Inc. 「羅素2000指數」(Russell 2000®)公司Rimini Street, Inc. (Nasdaq: RMNI)是端對端企業軟體支援和創新解決方案的全球供應商，以及Oracle、SAP和VMware軟體的領先支援服務協力廠商。該公司提供全面的統一解決方案組合，用於運行、管理、支援、自訂、設定、連接、保護、監控和最佳化企業應用程式、資料庫和技術軟體。該公司已與《財星》全球100大企業、《財星》500大企業、中型企業、公共部門和政府機構簽署了數千份合約，這些機構選擇Rimini Street為其值得信賴、經驗證的關鍵任務企業軟體解決方案供應商，實現更好的營運成果，節省數十億美元的開銷，用於為AI和其他創新投資提供資金支援。 ServiceNow、ServiceNow標誌、Now、Now Platform及其他ServiceNow標誌均為ServiceNow, Inc.在美國和/或其他國家的商標和/或注冊商標。 如欲瞭解更多資訊，請造訪 ，並在 X 、 Facebook 、 Instagram 和 LinkedIn 上與Rimini Street聯絡。 前瞻性陳述 本新聞稿中的某些陳述並非歷史事實，而是《1995年私人證券訴訟改革法案》安全港條款所定義的前瞻性陳述。前瞻性陳述通常含有以下字詞：「預期」、「假設」、「相信」、「繼續」、「可以」、「目前」、「估計」、「預計」、「預報」、「未來」、「打算」、「也許」、「或許」、「前景」、「計畫」 、」可能」、「目標」、「潛力」、「預測」、「推測」、「似乎」、「尋求」、「應該」、「將」、「會」或其他類似字詞、片語或表述。這些前瞻性陳述包括但不限於我們對未來事件、未來機會、全球擴張及其他成長計畫和我們對此類計畫的投資之預期的陳述。這些陳述根據不同的假設以及管理層目前的預期，並非是對實際業績的預測，也非歷史事實。這些陳述受制於有關Rimini Street業務的一系列風險和不確定性，實際結果可能會大相逕庭。這些風險和不確定性包括但不限於：未決訴訟或任何新訴訟的不利發展和相關抗辯成本，包括未決上訴動議的處置和任何新索賠；為遵守法院就Rimini II訴訟事宜下達的任何禁令而產生的任何支出，以及對未來期間收入和與這些工作相關的成本的影響；Rimini Street經營所在的商業環境的變化，包括任何總體經濟衰退趨勢、地緣政治緊張加劇和外匯匯率變化的影響，以及影響我們經營所在產業和我們客戶經營所在產業的一般金融、經濟、監管和政治狀況的影響；企業軟體管理與支援格局的演進，以及我們對市場進行教育以吸引和留住客戶並進一步滲透客戶群的能力；軟體支援服務行業的激烈競爭以及我們關於公司定價模式的意圖；客戶對我們擴大的產品和服務組合以及我們預期推出的產品和服務的採用情況；我們對新產品、合作夥伴關係和聯盟計畫的預期，包括但不限於我們與ServiceNow的合作關係；我們的營收成長能力、準確預測營收的能力，以及根據目前的營收預期和產品擴大而管理成本的結果；上一財政年度和本財政年度裁員的預期影響以及相關的重整成本；我們對總目標市場的估計，以及相對於使用其他供應商而言客戶節省成本的預期；我們銷售週期的時間變化；與保留率相關的風險，包括我們準確預測保留率的能力；我們管理團隊一名或多名成員的流失；我們吸引和留住更多合格人員的能力；我們的業務計畫、未來成長能力以及實現和維持獲利的能力；我們計畫終止為Oracle PeopleSoft產品提供服務；我們股價的波動性及相關證券交易要求的法規遵循；我們以有利條件進行股權或債務融資的需求和能力，以及我們從營運中獲得現金流以協助為我們的成長計畫增加投資提供資金的能力；與全球營運相關的風險；我們防止未經授權存取我們的資訊技術系統及其他網路安全威脅的能力；我們或我們的第三方供應商及服務供應商可能使用的生成式人工智慧(AI)技術相關的任何缺失；我們保護員工及客戶機密資訊以及遵守隱私權法規的能力；我們維持有效財務報告內部控制系統的能力；我們維持、保護及提升品牌和智慧財產權的能力；法律法規的變更，包括稅法的變更或我們採取的稅務立場的不利結果；關稅成本（包括鑑於美國政府實施的新關稅或提高的關稅，以及受影響國家採取報復性貿易措施的可能性，所涉及的關稅減免或降低關稅的能力）；我們未能建立足夠的稅務儲備；我們實現淨營業損失利益的能力；環境、社會與治理議題對我們的聲譽或業務造成的任何負面影響，以及我們的業務因報告此類議題而面臨的額外成本或風險；我們與美國政府及國際政府保持良好合作關係及與政府實體簽署新合約的能力；我們的信用貸款對我們的業務及相關利率風險的持續還債義務以及財務和營運契約；我們的現金及現金等價物是否足以滿足我們的流動資金需求；根據我們的股票回購計畫進行回購（如有）的金額及時間，以及我們透過該計畫提升股東價值的能力；Rimini Street股權證券長期價值的不確定性；擾亂我們或我們客戶業務的災難性事件；以及在 Rimini Street於2025年5月1日遞交的Form 10-Q季度報告中「風險因素」標題下討論的風險因素，以及Rimini Street未來的Form 10-K年度報告、Form 10-Q季度報告、Form 8-K當期報告和Rimini Street遞交給美國證券交易委員會的其他文件中不時更新的風險因素。此外，前瞻性陳述提供了截至本通訊稿發表之日Rimini Street對未來事件和觀點的預期、計畫或預測。Rimini Street預計後續事件和事態發展將導致Rimini Street的評估發生變化。然而，儘管Rimini Street可能會在未來某個時間點選擇更新這些前瞻性陳述，但Rimini Street特別聲明，除法律規定之外，公司沒有任何這方面的義務。這些前瞻性陳述不應被視為代表Rimini Street在本通訊稿發表之日後任何日期的評估結果。 © 2025 Rimini Street, Inc。保留所有權利。「Rimini Street」是Rimini Street, Inc.在美國及其他國家的註冊商標，Rimini Street、Rimini Street標誌及其組合，以及其他以TM標示的標記均為Rimini Street, Inc.的商標。所有其他商標均為其各自擁有者的財產，除非另有說明，否則Rimini Street與任何此類商標持有人或本文提及的其他公司並無關聯、認可或聯繫。 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
Techday NZ
07-05-2025
- Business
- Techday NZ
Apsen Farmacêutica boosts ERP automation, avoids costly migration
Rimini Street and ServiceNow have partnered with Apsen Farmacêutica to deliver workflow automation as an alternative to a vendor-mandated migration from SAP ECC 6 to SAP S/4HANA. The collaboration has enabled Apsen Farmacêutica, a Brazilian pharmaceutical manufacturer, to implement automation and intelligent workflow across its existing SAP ECC 6 ERP platform, aiming to improve operational efficiency and reduce information silos without migrating to a different ERP system. According to Apsen Farmacêutica, prioritising business requirements over technology has underpinned their strategy. The company adopted a flexible, modular approach to its ERP environment that allows for continuous innovation and greater control over IT investments. The initial step involved reducing dependencies on individual technology vendors and platforms, beginning with its SAP ERP systems. Renan Santos, Chief Information Officer at Apsen Farmacêutica, explained, "The core of the strategy, designed three years ago, was to bring in a team with the capacity to transform IT, adopting the concept of 'Make, Buy or Blend' and connecting all of the company's systems in an orchestrated manner. In the middle of the process, the topic of SAP came up." Santos continued, "With SAP's announcement that they will no longer support SAP ECC 6 after 2027, we had a choice to make – take on the cost, disruption and risk of migrating to S/4HANA or reimagine our existing system to become an innovation platform. That's when we partnered with Rimini Street to implement ServiceNow's ERP modernisation solution." Seth Ravin, Chief Executive Officer of Rimini Street, commented, "We are very excited to partner with ServiceNow and Apsen Farmacêutica to deliver this next-generation technology – which was easily layered on top of their existing SAP ECC 6 ERP and other current enterprise software platforms, with no costly, risky and unnecessary upgrades or migrations required." Ravin added, "We are proud to have helped Apsen self-fund its innovation investments by redirecting the savings from upgrade and migration avoidance. Apsen saw immediate benefits in streamlined processes, reduced operating costs and better operational efficiency." Peter Russo, Vice President, Core Business Workflows, Product and Solutions Marketing at ServiceNow, said, "ServiceNow is excited to partner with Rimini Street to deliver our combined solution and next-generation ERP modernisation vision to Apsen Farmacêutica – with Apsen realising value from the solution just weeks after the project started." Russo continued, "ERP and other enterprise software upgrades and migrations generally don't provide strong ROI compared to innovation investments. Apsen is a great example of how ServiceNow and Rimini Street together can deliver value, savings and an accelerated path to innovation, modernisation, and agentic AI to organisations around the world." The integrated solution brings together the ServiceNow Platform with support and services for enterprise software such as SAP, Oracle, Infor, and Microsoft. Rimini Street's offering is intended to replace software vendor support for underlying ERP and enterprise software, with claims to reduce total support costs by up to 90 percent, while extending software and release lifespans for a guaranteed minimum of 15 years without required upgrades or migrations. The deployment of ServiceNow enables automation and integration across existing ERP and other SaaS platforms, delivering a single view of the organisation and powered by enterprise artificial intelligence. Santos described the desired outcomes, "As a technology professional, it is very frustrating to have two very different experiences as an individual and as a corporate employee – despite the large investments made by companies. Aligning these two worlds is the goal I share with my team." Santos added, "We were looking for an agile solution that would deliver value quickly and avoid the costs, complexity and risks inherent in any large software migration project, and Rimini Street's innovative solution with ServiceNow was the fastest and surest path to achieving our transformation vision." With comprehensive support for Apsen Farmacêutica's critical SAP ECC system, the company reports it successfully transformed SAP tasks and customisations into intelligent ServiceNow workflows integrating different systems and teams. The adoption of low code and no code tools, along with embedded artificial intelligence capabilities, has allowed real-time operational analysis and process automation. The reported outcomes of these changes at Apsen Farmacêutica include automation of 70 percent of processes that previously required manual intervention, a notable reduction in development cycle time from months to weeks for new processes, and a reduced dependency on specialised teams. The company also cited lower operational costs and increased speed and efficiency as direct results. Commenting on the organisational shift, Santos stated, "We have assembled a strong internal team, which now has the capacity to rethink processes, suppliers and architecture in a strategic way." "What began as a next-generation vision and a pilot has become a model for the entire company." As part of ongoing activity, Apsen Farmacêutica intends to expand automation to other areas such as logistics, quality, and finance. Santos highlighted the expertise of the project partners by saying, "Our focus remains on keeping current systems stable and protected, while at the same time creating a structure that allows for continuous and agile innovation." "This partnership is strategic so that we can grow with security, scalability and increasingly efficiency."
