Latest news with #SAP
Forbes
3 hours ago
- Business
- Forbes
Never Too Small: 3 Ways SMEs Use Cloud ERP To Drive Growth
Enterprise resource planning (ERP) systems have long been the backbone of large corporations, facilitating the seamless management of everything from inventory to customer relations. Historically, the cost and complexity of these systems have made them inaccessible to small businesses. However, public cloud solutions are radically changing this landscape, making ERP systems more attractive and feasible for start-ups, spin-offs, and mid-sized enterprises (SMEs) and empowering these businesses to succeed in a competitive and rapidly evolving market. Here are 3 ways SMEs are thriving with cloud ERP: 1. Faster implementation Embarking on the implementation of an ERP system is no small task. It necessitates meticulous planning and a robust change management strategy. Aside from the technical adjustments, organizations need to be ready to embrace significant cultural and mindset shifts. This is where SMEs tend to stand out, as they can often get through implementation faster than larger corporations due to simpler business processes, fewer legacy systems, overall agility, and innovation mindset. KTM Bike Industries, a mid-sized European leader in bicycles, recently transitioned with ease from a 20-year-old customized system to the standardized SAP S/4HANA Cloud Public Edition. a ready-to-run cloud ERP that delivers the latest industry best practices and continuous innovation. Despite the inherent complexity involved with such a transition, they were able to move quickly by adopting out-of-the-box processes and embracing standard best practices for implementation. While SAP handled the deployment, KTM Bike Industries focused on their core business, streamlining their operations and bolstering their mission of promoting sustainable mobility. 2. Leveraging cutting-edge tech trends Especially for small and medium-sized businesses looking to stay ahead of the technological curve, cloud ERP offers powerful tools to thrive in a competitive market. By integrating artificial intelligence (AI) and machine learning, cloud ERP systems automate routine tasks, streamline workflows, and enhance decision-making capabilities. Hyper-automation drastically reduces human error, boosts productivity, and frees up employees to focus on strategic initiatives that drive growth. Another game-changer is the increasing emphasis on real-time analytics. Contemporary ERP systems offer the ability to analyze data instantaneously, providing insights that empower businesses to make swift and data-driven decisions. For small businesses, this means agility—the power to react promptly to market shifts, optimize inventory, and deliver superior customer service. Mobile ERP solutions accessible via smartwatches, smartphones, or tablets allow employees to access critical business functions from anywhere, at any time. This mobility is a significant boon for small businesses, enabling them to remain nimble and responsive in a 24/7 business environment. By leveraging these advancements, small businesses equipped with cloud ERP systems are not just keeping pace—they're setting the pace for innovation and success in the modern marketplace.3. Actively shaping the future of cloud ERP No voice is too small to shape the future of cloud ERP. With the right infrastructure and mindset in place, even the smallest players can actively influence the landscape. This has been evident among a select council of customers representing European and North American SMEs who actively provide feedback on the user experience of SAP S/4HANA Cloud Public Edition. Swapnil Ghule, Engineering Manager at Unzer GmbH, embraces the opportunities presented by this program: "We feel heard. We are giving active feedback and we're seeing that we're not only listened to, but that it's getting implemented. That's a win-win for both sides and in the end together we can really structure and make the solution better." As software providers increasingly adopt user feedback, in-product telemetry, and user research to enhance product quality and user satisfaction, SAP's Chief Design Officer, Arin Bhowmick, emphasizes the importance of including even the smallest voices: "We want to directly integrate customer voices into SAP, no matter the size of the enterprise. What makes small and mid-sized enterprises especially compelling is that they are fast movers and fast scalers, so we can learn a lot from them." The rise of cloud ERP solutions is putting advanced business tools in the hands of SMEs. With easier implementation, cutting-edge technology, and the ability to provide real-time feedback, these systems are empowering businesses to thrive in a competitive and rapidly evolving market. To learn more about how SMEs and others are influencing products are SAP, visit User Research at SAP.
Hindustan Times
3 hours ago
- Business
- Hindustan Times
Social Security change coming in August: SSA to roll out new policy. What to know
The Social Security Administration (SSA) will introduce a new multi-factor authorization policy starting mid-August. The agency plans to roll out a new Security Authentication Pin (SAP) to protect beneficiaries' personal accounts. Initially, the move drew sharp criticism from advocates who suggested that the in-person visits required to facilitate such a shift would put people with disabilities, senior citizens, and rural communities at risk of being left out. However, the SSA has provided clarification in this regard. Social Security Administration is rolling out a major change in August: Here's all you need to know about it(REUTERS) SSA clarifies the need for in-person visits In response to concerns, the agency confirmed that in-office visits would not be mandatory for those willing to opt into the SSA's latest security provision. 'The filing with OMB will be amended to clarify that the use of the Security Authentication PIN (SAP) feature is entirely optional,' a spokesperson for the agency told Newsweek on Thursday (July 31). 'We are encouraging my Social Security account holders to use the enhanced SAP feature to quickly and securely verify their identity when calling the National 800 Number. Beneficiaries and my Social Security account holders are not required to set up or have a SAP for identity verification or manage their benefits over the phone – when calling the National 800 Number, they will continue to use the existing identity verification process.' Why the sudden change? The SSA had initially planned on keeping the verification process open only for those willing to visit their nearest office, removing the option to do the same over a phone call. However, this would have added 3.4 million office visits to the SSA's schedule, per the outlet. Due to recent staffing cuts, 1 SSA employee is expected to serve 1,480 beneficiaries, as per AFGE's estimates, which implies that this policy would have overburdened the workforce as well. Now, the option to verify the same over the call is also available. In terms of changes, the agency has now started withholding up to 50% of benefits in case of overpayments. Improper payments usually occur due to miscalculation, failure to update status, or false income reporting. A beneficiary can ask for a waiver if they are facing financial troubles or are granted the option to appeal and request smaller withholdings. Beneficiaries must keep checking their notices and emails to be updated in case they are included in these categories. With contribution from Stuti Gupta
Hamilton Spectator
8 hours ago
- Business
- Hamilton Spectator
SAP to Acquire SmartRecruiters: Integration of Innovative Talent Acquisition Portfolio Will Help Companies Attract and Retain Top Talent
SAN FRANCISCO and WALLDORF, Germany, Aug. 01, 2025 (GLOBE NEWSWIRE) — SAP (NYSE: SAP) and SmartRecruiters today announced that SAP has entered into an agreement to acquire SmartRecruiters, a leading talent acquisition (TA) software provider. SmartRecruiters' deep expertise in high-volume recruiting, recruitment automation, and AI-enabled candidate experience and engagement are considered an ideal addition to the SAP SuccessFactors human capital management (HCM) suite. The planned acquisition will strengthen SAP's all-in-one HCM suite, so customers have the tools they need to attract and retain top talent in an increasingly competitive landscape. SmartRecruiters' powerful, user-friendly interfaces and seamless workflows will complement SAP's robust HR tools – improving decision-making, reducing time-to-hire and providing a better experience for candidates. Embedded analytics and AI-driven recommendations from both companies will provide rich insights into talent pools, hiring bottlenecks and workforce planning. 'Hiring the right people is not just an HR priority – it's a business priority. With this planned acquisition, we will help our customers attract and hire the best talent so they can advance their talent acquisition agendas with speed and agility, while lowering their total cost of ownership,' said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product & Engineering. 'Customers will be able to manage the entire candidate lifecycle — from sourcing and interviewing to onboarding and beyond — all in a single system to streamline the experience for recruiters, hiring managers, and, in particular, candidates.' Customers can expect enhanced and AI-enabled recruiting and hiring capabilities, making applicant tracking and candidate screening more efficient. Data-driven hiring and recruitment analytics will flow directly into SAP's existing HCM tools, providing a single system of record and harmonized data for compliant, seamless operations. The SmartRecruiters portfolio will also continue to be available standalone for the foreseeable future. SmartRecruiters CEO, Rebecca Carr said, 'SmartRecruiter's mission has always been to make hiring easy. Joining forces with SAP presents a tremendous opportunity for enterprises worldwide to benefit from our industry leading approach to talent acquisition. I couldn't be more excited for the opportunity this planned acquisition presents for our customers, partners and employees as we build the future of hiring together.' Founded in 2010 by Jerome Ternynck, SmartRecruiters Software-as-a-Service solutions and platform enable more than 4,000 organizations globally to efficiently manage their hiring workflows end-to-end, offering a compelling experience to recruiters, hiring managers and candidates. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. Insight Partners, W Capital Partners, Rembrandt Venture Partners, and Silver Lake Waterman are investors in SmartRecruiters. J.P. Morgan acted as exclusive financial advisor to SmartRecruiters and Gunderson Dettmer acted as legal counsel. About SmartRecruiters SmartRecruiters is the Recruiting AI Company that transforms hiring for the world's leading enterprises. Built for global scale, SmartRecruiters delivers an AI-powered hiring platform that automates and optimizes the entire talent acquisition process, ensuring faster and smarter hiring decisions. More than 140 million candidates, and 4,000 organizations, including Amazon, Visa, and McDonald's, rely on SmartRecruiters to build winning teams. For more information, visit . About SAP As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit . Contact Information: smartrecruiters@
Toronto Star
8 hours ago
- Business
- Toronto Star
SAP to Acquire SmartRecruiters: Integration of Innovative Talent Acquisition Portfolio Will Help Companies Attract and Retain Top Talent
SAN FRANCISCO and WALLDORF, Germany, Aug. 01, 2025 (GLOBE NEWSWIRE) — SAP (NYSE: SAP) and SmartRecruiters today announced that SAP has entered into an agreement to acquire SmartRecruiters, a leading talent acquisition (TA) software provider. SmartRecruiters' deep expertise in high-volume recruiting, recruitment automation, and AI-enabled candidate experience and engagement are considered an ideal addition to the SAP SuccessFactors human capital management (HCM) suite. The planned acquisition will strengthen SAP's all-in-one HCM suite, so customers have the tools they need to attract and retain top talent in an increasingly competitive landscape. SmartRecruiters' powerful, user-friendly interfaces and seamless workflows will complement SAP's robust HR tools – improving decision-making, reducing time-to-hire and providing a better experience for candidates. Embedded analytics and AI-driven recommendations from both companies will provide rich insights into talent pools, hiring bottlenecks and workforce planning.
Globe and Mail
9 hours ago
- Business
- Globe and Mail
SAP to Acquire SmartRecruiters: Integration of Innovative Talent Acquisition Portfolio Will Help Companies Attract and Retain Top Talent
SAN FRANCISCO and WALLDORF, Germany, Aug. 01, 2025 (GLOBE NEWSWIRE) -- SAP (NYSE: SAP) and SmartRecruiters today announced that SAP has entered into an agreement to acquire SmartRecruiters, a leading talent acquisition (TA) software provider. SmartRecruiters' deep expertise in high-volume recruiting, recruitment automation, and AI-enabled candidate experience and engagement are considered an ideal addition to the SAP SuccessFactors human capital management (HCM) suite. The planned acquisition will strengthen SAP's all-in-one HCM suite, so customers have the tools they need to attract and retain top talent in an increasingly competitive landscape. SmartRecruiters' powerful, user-friendly interfaces and seamless workflows will complement SAP's robust HR tools – improving decision-making, reducing time-to-hire and providing a better experience for candidates. Embedded analytics and AI-driven recommendations from both companies will provide rich insights into talent pools, hiring bottlenecks and workforce planning. 'Hiring the right people is not just an HR priority – it's a business priority. With this planned acquisition, we will help our customers attract and hire the best talent so they can advance their talent acquisition agendas with speed and agility, while lowering their total cost of ownership,' said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product & Engineering. 'Customers will be able to manage the entire candidate lifecycle — from sourcing and interviewing to onboarding and beyond — all in a single system to streamline the experience for recruiters, hiring managers, and, in particular, candidates.' Customers can expect enhanced and AI-enabled recruiting and hiring capabilities, making applicant tracking and candidate screening more efficient. Data-driven hiring and recruitment analytics will flow directly into SAP's existing HCM tools, providing a single system of record and harmonized data for compliant, seamless operations. The SmartRecruiters portfolio will also continue to be available standalone for the foreseeable future. SmartRecruiters CEO, Rebecca Carr said, 'SmartRecruiter's mission has always been to make hiring easy. Joining forces with SAP presents a tremendous opportunity for enterprises worldwide to benefit from our industry leading approach to talent acquisition. I couldn't be more excited for the opportunity this planned acquisition presents for our customers, partners and employees as we build the future of hiring together." Founded in 2010 by Jerome Ternynck, SmartRecruiters Software-as-a-Service solutions and platform enable more than 4,000 organizations globally to efficiently manage their hiring workflows end-to-end, offering a compelling experience to recruiters, hiring managers and candidates. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. Insight Partners, W Capital Partners, Rembrandt Venture Partners, and Silver Lake Waterman are investors in SmartRecruiters. J.P. Morgan acted as exclusive financial advisor to SmartRecruiters and Gunderson Dettmer acted as legal counsel. About SmartRecruiters SmartRecruiters is the Recruiting AI Company that transforms hiring for the world's leading enterprises. Built for global scale, SmartRecruiters delivers an AI-powered hiring platform that automates and optimizes the entire talent acquisition process, ensuring faster and smarter hiring decisions. More than 140 million candidates, and 4,000 organizations, including Amazon, Visa, and McDonald's, rely on SmartRecruiters to build winning teams. For more information, visit About SAP As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit
