Aug 25, 2020
•5 minute read
SAP technology
Penn State University Re-Imagines Business Processes and Financial System with SAP S/4HANARelying on decades-old technology can cost institutions time, money, and valuable manpower. The importance of a digital transformation strategy is expected to accelerate as universities look to adapt to the ongoing pandemic. In this case study, Penn State University serves as an example of how important digital transformation projects can be to an institution of higher learning. Before modernizing their IT infrastructure with an SAP S/4HANA implementation, the university set clear objectives: build a new financial system capable of not only supporting operations, but also providing employees the tools needed to learn the new system and to empower them to make speedy and accurately informed decisions to help the institution keep running in unpredictable situations.
Read this case study and learn:
- How SAP S/4HANA empowers Penn State’s digital transformation across its multi-campus financial operations with the trusted security and reduced IT maintenance in the cloud;
- The role embedded analytics plays in helping the university make data-driven decisions (in minutes instead of days); and
- How Penn State is charting their path to financial sustainability and responsiveness to meet the demands of its most critical stakeholders: students, parents, and employees.
SAP Announces Jennifer Morgan’s Departure, Official Q1 NumbersOn April 20, SAP announced that co-CEO Jennifer Morgan would be leaving the company effective April 30 and that Christian Klein would continue as the sole CEO of the organization. During SAP's April 21 earnings call Klein went on to thank Morgan for her contributions to SAP and stated that “we would not be where we are today without her.” During the call SAP also reviewed their Q1 results, which saw an increase in IFRS cloud revenue by 29% year over year, a 7% increase in cloud and software revenue as well as total revenue year over year, with IFRS operating profit remaining unchanged at €1.21 billion, despite the COVID-19 crisis impacting numbers in the last month of the quarter.
Apr 21, 2020
•6 minute read
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