Siemens (NYSE: SIE) recently announced that Siemens AG, a global leader in electronics and electrical engineering, has expanded its strategic relationship with SAP through its selection of the SAP® Supplier Relationship Management (SAP SRM) application for Siemens' worldwide e-procurement operations. Also announced was the completion of Siemens' contract renewal for SAP maintenance support services for all SAP solutions based on SAP's maintenance standards for large customers for a duration of three years.
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The selection of SAP SRM will allow Siemens to extend the value of its current investment in SAP Business software with an integrated offering for automating goods and services procure-to-pay processes for indirect material. This expansion of the relationship of two of the world's largest technology companies -- and two of Europe's largest brands -- was made following a global assessment process in which offerings from multiple software vendors were evaluated. The selection of the SAP SRM application demonstrates Siemens' commitment to running global operations lean, flexible and transparent, thus increasing shareholder value and customer satisfaction. In addition to the selection of SAP SRM, Siemens renewed its service relationship with SAP for global maintenance support for all SAP solutions. Siemens also requested SAP assume support for some of Siemens' in-house developed solutions that connect to SAP solutions. Further, recognizing the criticality of the business processes running on SAP software, including finance, payroll and more, Siemens extended its service relationship to include SAP® MaxAttention(TM) support - SAP's support option that provides onsite intensive customized support services. "Siemens and SAP enjoy a long-standing business relationship in which Siemens is one of SAP's premier customers, and we are pleased to be able to continue providing complete systems service and support to Siemens' global organization," said Erwin Gunst, chief operating officer, SAP. "Coupling its maintenance support renewal with selection of our SRM solution is a clear indication that Siemens trusts in the ability of SAP to provide global services for its enterprises. SAP has been, and will continue to be, a strong strategic supplier to Siemens."The SAP® Supplier Relationship Management (SAP SRM) application automates, simplifies and accelerates procure-to-pay processes for goods and services. With SAP SRM, companies can reduce procurement costs, build collaborative supplier relationships, better manage supply bases and improve bottom line with innovative offerings and a faster time to market. SAP SRM is part of SAP® Business Suite software, the leading integrated offering that helps businesses lower costs, improve insight and capture new business opportunities. SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 89,000 customers in over 120 countries, the company is listed on several exchanges, including the
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