Latest news with #SuccessFactors
Al Bawaba
03-07-2025
- Business
- Al Bawaba
Burgan Bank Signs Partnership with SAP to Deploy the SuccessFactors HCM System
Burgan Bank announced a partnership deal with SAP, a global leader in enterprise applications and business AI, as a strategic step toward deploying the cutting-edge, full-suite human resources management (HRM) system, SuccessFactors. This agreement marks a feat for both human resources and IT departments, reflecting the Bank's vision and strategy to be the most modern and progressive bank in Kuwait, and its commitment to offering an outstanding and motivational workspace that stands out across Kuwait's banking agreement was signed by Mr. Fadel Abdullah, Chief Executive Officer – Kuwait at Burgan Bank, and Mrs. Sundus Bushahri, Managing Director SAP Kuwait, in the presence of executive management members from both organizations. In light of the partnership, Mr. Barrak Jassem Al-Mattar, General Manager – Information Technology at Burgan Bank, said: 'Adopting SAP's SuccessFactors system is a strategic and deliberate step in Burgan Bank's digital transformation journey that reflects our commitment to deploying the latest global technologies, developing our digital infrastructure, and enhancing our operational efficiency, especially in human resources management. Thanks to this integrated AI and data-driven system, we can provide our employees with an advanced technical experience that supports their holistic growth.'He added: 'We will continue implementing all advanced systems as part of Burgan Bank's strategy to create a digital and secure work environment that keeps pace with the latest developments in the global banking sector.'For his part, Mr. Ali Hussain Akbar, Deputy General Manager – Human Resources at Burgan Bank, commented: 'We are pleased to announce our partnership with SAP to implement SuccessFactors, one of the world's leading HRM solutions. This comes as part of the Bank's ongoing efforts to elevate its human resources infrastructure and provide a comprehensive and outstanding digital experience for our employees, who sit at the top of our priorities and form the foundation of our sustainable success. Through this system, we will be able to support their career growth more effectively and innovatively, in line with the Bank's strategy and dedication to achieving excellence in the banking sector and the field of digital transformation.'Mr. Ali added: 'Adopting SuccessFactors is an extension of our commitment to attracting ambitious talents and enhancing our employees' skills through training, development, and career planning. We are also aware that successful and smooth onboarding facilitates new hires' integration into the work environment, reflecting Burgan Bank's culture of streamlining internal procedures. In addition, we aim to foster a flexible, digital work environment that motivates and empowers our employees to grow and develop, facilitating their daily work experience in line with the highest global standards and strengthening our position in the local market.'On her part, Mrs. Bushahri said: 'Burgan Bank's deployment of SAP SuccessFactors marks a strategic step in its digital transformation journey, with a strong focus on people and performance. By modernizing core HR processes and leveraging SAP's Business AI capabilities, the Bank is building the foundations for a more agile, inclusive, and future-ready workforce. This approach reflects a clear commitment to continuous development and innovation.'With this partnership, Burgan Bank affirms its unwavering commitment to adopting the best global digital solutions, developing the work environment, elevating employees' professional experiences, and supporting their professional development. As a certified Great Place to Work®, Burgan Bank remains committed to achieving organizational excellence by partnering with the best service providers and deploying the latest technologies across the market. Previous efforts include Burgan's partnership with market-leading Tata Consultancy Services to upgrade its core banking system by implementing the TCS BaNCS™ suite of products.
Kuwait Times
02-07-2025
- Business
- Kuwait Times
Burgan Bank signs partnership with SAP to deploy SuccessFactors HRM system
In line with bank's commitment to fostering best work environment in Kuwait banking sector KUWAIT: Burgan Bank announced a partnership deal with SAP, a global leader in enterprise applications and business AI, as a strategic step toward deploying the cutting-edge, full-suite human resources management (HRM) system, SuccessFactors. This agreement marks a feat for both human resources and IT departments, reflecting the Bank's vision and strategy to be the most modern and progressive bank in Kuwait, and its commitment to offering an outstanding and motivational workspace that stands out across Kuwait's banking sector. The agreement was signed by Fadel Abdullah, Chief Executive Officer – Kuwait at Burgan Bank, and Sundus Bushahri, Managing Director SAP Kuwait, in the presence of executive management members from both organizations. In light of the partnership, Barrak Jassem Al-Mattar, General Manager – Information Technology at Burgan Bank, said: 'Adopting SAP's SuccessFactors system is a strategic and deliberate step in Burgan Bank's digital transformation journey that reflects our commitment to deploying the latest global technologies, developing our digital infrastructure, and enhancing our operational efficiency, especially in human resources management. Thanks to this integrated AI and data-driven system, we can provide our employees with an advanced technical experience that supports their holistic growth.' Sundus Bushahri, Managing Director SAP Kuwait Ali Hussain Akbar, Deputy GM – Human Resources at Burgan Bank Barrak Jassem Al-Mattar, GM – Information Technology at Burgan Bank He added: 'We will continue implementing all advanced systems as part of Burgan Bank's strategy to create a digital and secure work environment that keeps pace with the latest developments in the global banking sector.' For his part, Ali Hussain Akbar, Deputy General Manager – Human Resources at Burgan Bank, commented: 'We are pleased to announce our partnership with SAP to implement SuccessFactors, one of the world's leading HRM solutions. This comes as part of the Bank's ongoing efforts to elevate its human resources infrastructure and provide a comprehensive and outstanding digital experience for our employees, who sit at the top of our priorities and form the foundation of our sustainable success. Through this system, we will be able to support their career growth more effectively and innovatively, in line with the Bank's strategy and dedication to achieving excellence in the banking sector and the field of digital transformation.' Ali added: 'Adopting SuccessFactors is an extension of our commitment to attracting ambitious talents and enhancing our employees' skills through training, development and career planning. We are also aware that successful and smooth onboarding facilitates new hires' integration into the work environment, reflecting Burgan Bank's culture of streamlining internal procedures. In addition, we aim to foster a flexible, digital work environment that motivates and empowers our employees to grow and develop, facilitating their daily work experience in line with the highest global standards and strengthening our position in the local market.' On her part, Bushahri said: 'Burgan Bank's deployment of SAP SuccessFactors marks a strategic step in its digital transformation journey, with a strong focus on people and performance. By modernizing core HR processes and leveraging SAP's Business AI capabilities, the Bank is building the foundations for a more agile, inclusive and future-ready workforce. This approach reflects a clear commitment to continuous development and innovation.' With this partnership, Burgan Bank affirms its unwavering commitment to adopting the best global digital solutions, developing the work environment, elevating employees' professional experiences and supporting their professional development. As a certified Great Place to Work, Burgan Bank remains committed to achieving organizational excellence by partnering with the best service providers and deploying the latest technologies across the market. Previous efforts include Burgan's partnership with market-leading Tata Consultancy Services to upgrade its core banking system by implementing the TCS BaNCS suite of products.
Forbes
05-06-2025
- Business
- Forbes
SAP SuccessFactors Brings More AI To HCM And HR At Sapphire 2025 Event
Dan Beck, president and chief product officer of SAP SuccessFactors, delivers an HCM breakout ... More session at Sapphire 2025. At the SAP Sapphire 2025 conference, the company announced a series of updates to its SuccessFactors suite, SAP's flagship HCM and HR platform. These updates reflect both incremental progress for specific products as well as more ambitious strategic changes in the company's approach to incorporating artificial intelligence. (Note that SAP is an advisory client of my firm, Moor Insights & Strategy.) It's important to set the stage for how some of the broader announcements at Sapphire could impact HCM. One of the more prominent ones was the launch of SAP AI Foundation, which consolidates Joule Studio, AI Hub and the SAP Knowledge Graph into a unified platform. SAP presented this move as a way to simplify AI deployment and management across its ecosystem, aiming to reduce complexity for business users and IT while accelerating the adoption of AI-driven automation in HCM/HR and other business functions. That said, a potential challenge for SAP will be effectively integrating these diverse AI components to ensure they function cohesively and avoid creating new complexities. Building on this AI strategy, SAP also introduced expanded capabilities for AI agents for HR, which are now managed through the new AI Agent Hub. This Hub is designed to allow organizations to centrally govern and monitor AI agents as they take on more sophisticated tasks, such as performance management and recruiting. Besides improving functionality, SAP intends this approach to increase transparency and accountability as automation becomes more deeply embedded in HR operations. I believe that this transparency is crucial, especially considering that recent research shows that LLMs exhibit gender bias, particularly in hiring processes. SAP also introduced People Intelligence, a new analytics offering built on SAP's Business Data Cloud. This successor to Workforce Analytics is launching for early adopters on July 23, with the aim of helping organizations gain insights in important areas such as labor mix analysis, skills cost assessment and talent supply chain evaluation. It connects various data points from multiple sources, including finance and HR, to provide contextual insights that should foster data-driven decision making. The new Performance and Goals Agent is designed to help managers and employees monitor performance and goals more effectively. Specifically, it will provide proactive notifications to managers about incomplete goals and assist employees in creating and finalizing their objectives. This could be a nice boost for these important workflows, and it's clear that fluid communication between employees and managers throughout the performance cycle is essential for driving higher engagement and productivity. Recent research from Betterworks shows that employees who perceive their performance reviews as fair and equitable are significantly more engaged (82% versus 60%) and productive (71% versus 57%) compared to those who view reviews as unfair. At Sapphire, SAP also discussed the ongoing integration of WalkMe, which it announced at last year's Sapphire conference, into its product suite. SAP intends to use WalkMe's digital adoption platform to improve both user guidance and workflow automation across SAP applications, particularly through deeper integration with the Joule AI assistant. At a more granular level, SAP announced the addition of more than 200 new features to SuccessFactors HCM, along with enhancements to cloud migration and payroll support. These updates should improve automation, accuracy and user experience, and in the bigger picture they align with the broader industry trend of incremental AI and cloud adoption in HR technology. AI is being used more widely in HR all the time, and it's certainly not going away. In this context, ensuring robust data governance and maintaining user trust will be paramount — for SAP and every other vendor in the industry — as AI handles increasing amounts of sensitive employee data and a broader range of HR tasks. Addressing potential bias in AI algorithms, along with the ethical implications of AI use in HR, will also be critical to support widespread adoption. Furthermore, SAP operates within a competitive HR technology landscape where continuous innovation and differentiation are necessary to maintain its market leadership. As SAP expands its AI agent ecosystem, it will be important for the company to clearly define and strengthen its governance posture around AI security, compliance and data oversight. Technology leaders will need this clarity so they can validate the maturity of agent interoperability protocols and ensure robust compliance, auditability and risk management as AI agents become more embedded in business operations. AI governance extends well beyond HR, and a well-defined approach from SAP will be essential for organizations to coordinate efforts across IT, security, legal and compliance teams. Empowering its extensive customer base with tailored AI solutions could be a key differentiator for SAP. The company's HR and HCM announcements at Sapphire 2025 highlight a strategy that balances the ambition of AI-driven transformation — possibly helping shape the future of HR technology — with the pragmatism of providing continuous value to existing customers by delivering steady, incremental feature enhancements. In such a rapidly evolving AI landscape, it may be time for SAP to reevaluate its semi-annual release schedule for SuccessFactors and HCM. While this cadence has traditionally provided stability and ample testing time for customers, I believe that the accelerating pace of AI innovation suggests that more frequent updates, maybe something like Oracle's quarterly release cycle, could help organizations stay current and competitive. Increasing the frequency of releases could allow SAP customers to take advantage of new AI-driven capabilities more quickly and remain aligned with industry advancements. Regardless of its cadence of software updates, I'll be watching closely to see how SAP's strategy and delivery model evolve and how effectively it enables organizations to integrate AI into their HR practices in an adaptive and minimally disruptive way.
Yahoo
05-06-2025
- Business
- Yahoo
SAP (XTRA:SAP) Expands Talent Solutions with Phenom Endorsed App Integration
SAP achieved a notable milestone this quarter with Phenom's platform becoming an SAP Endorsed App, enhancing recruitment efforts for SAP SuccessFactors users. This development, coupled with substantial partnerships such as the one with Accenture for cloud pathways, are significant steps towards strengthening its market position. Despite these advancements, SAP's quarter ended with a stock price move of 3.81%, aligning with broader market trends which have risen 13% over the past year. While the company's strategic efforts may have influenced sentiment, the stock's performance broadly mirrored current market dynamics, reinforcing its stability amid broader economic conditions. Buy, Hold or Sell SAP? View our complete analysis and fair value estimate and you decide. Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. SAP's recent collaboration with Phenom and Accenture is a promising move for its SuccessFactors platform, potentially driving greater adoption and enhancing recruitment efforts. This development is expected to bolster SAP's competitiveness in cloud applications. Over the long-term, SAP's total shareholder return, including dividends, was over very large for the three-year period, indicating significant investor gains. This performance highlights the resilience and growth potential of SAP compared to the broader market, which returned 16.6% over the past year, although SAP's one-year return aligned with the German Software industry's gain of 57.4%. The partnerships and endorsements could positively influence revenue and earnings forecasts by expanding SAP's customer base and operational efficiency. Analysts forecast a growth rate of 12.1% annually in revenue, with earnings projected to more than double to €10.2 billion in the next few years. In light of these forecasts, the current share price of €255.3 sits reasonably close to the consensus price target of €279.05, suggesting moderate room for appreciation. Investors should consider SAP's potential to leverage its cloud and AI advancements along with current macroeconomic factors when evaluating the company's long-term investment appeal. Learn about SAP's historical performance here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include XTRA:SAP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
05-06-2025
- Business
- Yahoo
SAP (XTRA:SAP) Expands Talent Solutions with Phenom Endorsed App Integration
SAP achieved a notable milestone this quarter with Phenom's platform becoming an SAP Endorsed App, enhancing recruitment efforts for SAP SuccessFactors users. This development, coupled with substantial partnerships such as the one with Accenture for cloud pathways, are significant steps towards strengthening its market position. Despite these advancements, SAP's quarter ended with a stock price move of 3.81%, aligning with broader market trends which have risen 13% over the past year. While the company's strategic efforts may have influenced sentiment, the stock's performance broadly mirrored current market dynamics, reinforcing its stability amid broader economic conditions. Buy, Hold or Sell SAP? View our complete analysis and fair value estimate and you decide. Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. SAP's recent collaboration with Phenom and Accenture is a promising move for its SuccessFactors platform, potentially driving greater adoption and enhancing recruitment efforts. This development is expected to bolster SAP's competitiveness in cloud applications. Over the long-term, SAP's total shareholder return, including dividends, was over very large for the three-year period, indicating significant investor gains. This performance highlights the resilience and growth potential of SAP compared to the broader market, which returned 16.6% over the past year, although SAP's one-year return aligned with the German Software industry's gain of 57.4%. The partnerships and endorsements could positively influence revenue and earnings forecasts by expanding SAP's customer base and operational efficiency. Analysts forecast a growth rate of 12.1% annually in revenue, with earnings projected to more than double to €10.2 billion in the next few years. In light of these forecasts, the current share price of €255.3 sits reasonably close to the consensus price target of €279.05, suggesting moderate room for appreciation. Investors should consider SAP's potential to leverage its cloud and AI advancements along with current macroeconomic factors when evaluating the company's long-term investment appeal. Learn about SAP's historical performance here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include XTRA:SAP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
