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COINTURK FINANCE > Business > SAP Launches Global Initiative to Support Scaleups in Diverse Industries
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SAP Launches Global Initiative to Support Scaleups in Diverse Industries

Overview

  • SAP's "GROW with SAP for Scaleups" targets scaleups across diverse industries globally.

  • The initiative focuses on tailored solutions and ecosystem support for scaling businesses.

  • Emerging technologies like AI are integrated to enhance operational processes for participants.

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COINTURK FINANCE 9 months ago
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SAP, a German software giant with over five decades of expertise in enterprise resource planning (ERP) software, has introduced a programme tailored to support scaleups across various industries. Known as “GROW with SAP for Scaleups,” this initiative seeks to address the challenges faced by scaling businesses, enabling them to concentrate on growth and innovation without being bogged down by business process complexities. This approach reflects SAP’s growing interest in fostering entrepreneurship and strengthening its position as a partner for startups and scaleups globally.

Contents
What is GROW with SAP for Scaleups?How does SAP support diverse industries?

What is GROW with SAP for Scaleups?

The programme originated from an interaction with a ride-hailing company in Estonia, highlighting the need to adapt SAP’s extensive enterprise solutions to the unique requirements of scaleups. According to Romain Gauthier, Global Vice President of GROW with SAP for Scaleups, the initiative focuses on “speaking the language” of smaller businesses. It is built on two primary pillars: “Run ON SAP” and “Hypergrowth Hub.” These offer tailored technology solutions and ecosystem integration, respectively, aiming to simplify operational processes like finance and reporting while enabling scaleups to leverage SAP’s global network for business growth.

How does SAP support diverse industries?

The programme has expanded rapidly over the past five years, now supporting over 560 companies from sectors such as SaaS, healthcare, fintech, foodtech, and energy tech. Gauthier notes that the initiative caters to both tech-focused scaleups and capital-intensive ventures like health and energy companies. By providing tools and platforms tailored to specific industry needs, SAP aims to help these businesses achieve scalability and maintain competitive advantages within their markets.

Earlier initiatives by SAP also emphasized enterprise solutions for established corporations. However, this programme marks a significant shift towards engaging smaller businesses, particularly scaleups navigating hypergrowth stages. Unlike traditional formats, “GROW with SAP for Scaleups” combines SAP’s enterprise-grade offerings with rapid deployment frameworks, often taking just weeks for implementation. This targeted approach underscores SAP’s commitment to diversifying its client base while maintaining its technological core.

Through its global footprint, the programme fosters collaboration among scaleups across regions like Europe, Asia, and North America. SAP facilitates connections between scaleups and venture capitalists, customers, and partners, creating a robust ecosystem for mutual growth. This model seeks to redefine traditional boundaries between large corporations and emerging businesses by embracing a community-oriented approach.

Additionally, SAP is focusing on integrating emerging technologies such as artificial intelligence (AI) into its offerings. In collaboration with partners like Mistral AI, the company aims to bring AI closer to operational processes, rather than limiting its use to consumer-facing applications. This integration is poised to enhance the efficiency of scaleups while aligning them with cutting-edge technological advancements.

Given its emphasis on collaboration and scalable solutions, the initiative positions SAP as a critical player in the global tech ecosystem. By enabling scaleups to transition from regional players to global competitors, the programme highlights SAP’s role in fostering entrepreneurial momentum within industries undergoing digital transformation.

SAP’s long-standing expertise in ERP solutions forms the foundation of its efforts to engage scaleups. However, its recent focus expands its horizon, addressing challenges previously unique to startups and scaleups. With programmes like “GROW with SAP for Scaleups,” SAP not only supports business growth but also strengthens its relevance in a rapidly evolving technological landscape. For scaleups, collaborating with such an internationally recognized player offers a unique opportunity to integrate advanced technologies while scaling operations efficiently.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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