Published On: Fri, Mar 28th, 2014

SAP en route to procure cloud-based VMS provider Fieldglass

Sap

WALLDORF, GERMANY: SAP AG from its barrio has announced plans to procure Fieldglass, the technology source aimed at acquiring and managing contingent labor and services. The addition of Fieldglass’ cloud-based Vendor Management System (VMS) solution meets the snowballing demand among employers to manage flexible workforces that can be quickly engaged and on-boarded to support rapidly changing business and clientele prerequisites.

FieldGlass

Pooled with the collaborative, network-based procurement capabilities of Ariba and the human resources expertise of SuccessFactors, the procurement uniquely positions SAP to be able to deliver a platform meant for businesses to manage their entire workforce – both temporary and permanent staff – Ranging from initial recruiting and on-boarding to ongoing development, performance management, retention and retirement.

The combination of Fieldglass’ market-leading VMS solution with SAP promises to transmute workforce management by way of facilitating a flexible and comprehensive approach to managing the entire workforce and life cycle, going beyond the traditional focus on the employee record that characterizes many systems today.

Together, SAP and Fieldglass will afford enterprises with the software, collaboration tools and networks required to engage permanent and temporary staff out of the gate – and on the fly – in new and innovative ways to confirm that they have the right people in the right roles at the right times.

“The acquisition of Fieldglass creates a compelling advantage for SAP customers as they access, attract and manage talent via the networked economy,” alleged Bill McDermott and Jim Hagemann Snabe, co-CEOs and members of the Executive Board of SAP AG.

Supplementing that – “This move reaffirms SAP as the undisputed leader of integrated human resources and procurement in the cloud for businesses of all sizes and industries. Combining Fieldglass with SAP is a significant milestone in our strategy to help businesses simplify everything.”

“Joining with SAP will allow us to dramatically accelerate our global growth plans and pace of innovation at the unique intersection of the human capital and procurement sectors,” stated Jai Shekhawat, CEO and co-founder, Fieldglass.

Furthering that – “SAP’s innovations in cloud, in-memory and mobile technology are transforming workforce management. We look forward to extending our leadership position, increasing our sales and delivery capacity and introducing our winning strategy to new markets.”

The transaction is but subject to regulatory and other closing conditions. SAP expects to complete the transaction in the second quarter of fiscal 2014.

About the Author

- A Journalist by interest and a Music Enthusiast by passion. Wedded to Mother Nature, Jawed indulges his aesthetics in travelling and reading books of varied genres. Having covered News stories for top Dailies in his formative years, that is, he is game for tryst with Technology at Techmagnifier.

SAP en route to procure cloud-based VMS provider Fieldglass