WALLDORF — SAP SE (NYSE: SAP) today announced that independent analyst firm ARC Advisory Group has positioned SAP as the market leader in global trade management systems.
The designation appeared in the ARC Advisory Group’s “2016 Global Trade Management Global Market Research Study — Market Analysis and Forecast through 2020,” published July 2016.
“SAP’s global trade management solution, SAP Global Trade Services (SAP GTS), enables enterprises to automate and streamline complex import and export processes — to ensure full regulatory compliance, expedite customs clearance, take full advantage of international trade agreements and mitigate the financial risk of global transactions,” wrote Neelam Singh, senior analyst, ARC Advisory Group, in the report. For the sixth consecutive year, SAP was ranked as the number one supplier overall based on revenues. SAP was also ranked the leader in selected categories including:
- Global trade management for trade compliance
- Tier 1 companies
- EMEA geographical region
- Aerospace and defense
- Machinery and manufacturing
- Mining and metals
- Pharmaceutical and biotech
“Managing global trade in accordance with ever-evolving regulatory requirements and other market dynamics — at the speed of global business today — can make or break the success of a company’s globalization strategy,” said Kevin McCollom, global vice president, Solutions for Governance, Risk and Compliance, SAP. “Our commitment to helping our customers navigate this complex environment with agile, streamlined and innovative processes has helped us to maintain consistent leadership and continue to keep pace with our customers’ evolving needs.”
The SAP Global Trade Services (SAP GTS) application supports export management, import management, screening and embargo, license determination, foreign-trade zone and other special customs procedures. SAP GTS can be purchased as an end-to-end solution, or subsets of the solution can be acquired independently according to customer requirements.
Dana Dye, +1 (415) 928-1310, email@example.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.
Top image via Shutterstock
via SAP News Center http://ift.tt/2c9HjVi