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SAP and Qualtrics Introduce Qualtrics® XM for Suppliers to Enhance the Source-to-Pay Experience for Procurement Solutions from SAPWALLDORF, Germany; SALT LAKE CITY and SEATTLE, Oct. 28, 2020 /PRNewswire/ -- SAP SE (NYSE: SAP) and Qualtrics today announced Qualtrics® XM for Suppliers, a new solution that empowers organizations to identify key areas of improvement across the source-to-pay process to help secure critical supply, increase cost savings, mitigate risk and improve business agility. Qualtrics XM for Suppliers combines data from an organization's SAP® Ariba®, SAP Fieldglass® and SAP S/4HANA® solutions with real-time supplier insights and AI-driven intelligence from Qualtrics, an SAP company. A majority, 66%, of chief procurement and chief supply chain officers said their procurement function is adept at mitigating risks with suppliers, according to a study conducted by Oxford Economics and SAP. Yet only 51% said they can quickly find alternative supply sources, and 46% said that gaining visibility into supplier performance is challenging.* Qualtrics XM for Suppliers helps organizations enhance existing source-to-pay processes by listening, understanding and most important, acting on supplier feedback at every touch point. "When organizations prioritize listening, understanding and acting on stakeholder feedback, the business impact and ROI will naturally follow," said Brian Stucki, Qualtrics executive vice president and CustomerXM general manager. "Qualtrics XM for Suppliers puts supplier feedback at the heart of buyer-supplier interactions and becomes an integral part of decision-making and relationship building. Procurement teams get a holistic view of the entire process through the lens of their suppliers to quickly close feedback loops, attain prescriptive recommendations on areas of improvement and advance spend innovation." As a leader in customer experience and creator of the Experience Management (XM) category, Qualtrics provides its expertise to the new solution with key features of the Qualtrics XM Platform, such as the Qualtrics iQ engine, to help deliver:
Qualtrics XM for Suppliers empowers procurement, finance and supply chain teams to help:
Learn more about Qualtrics XM for Suppliers here. Visit the SAP News Center. Follow SAP on Twitter at @SAPNews. * Source: SAP procurement transformation research in collaboration with Oxford Economics. About SAP About Qualtrics 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. © 2020 SAP SE. All rights reserved. For customers interested in learning more about SAP products: Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact [email protected] and write Unsubscribe in the subject line.
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