WALLDORF, Germany, Nov. 21,
2023 /PRNewswire/ -- SAP SE (NYSE: SAP) today
announced a multiyear partnership with the Mercedes-AMG PETRONAS F1
Team starting in 2024. As an Official Team Partner, SAP is teaming
up with the Mercedes-AMG PETRONAS F1 Team to accelerate operational
efficiency and unlock new data insights to deliver performance
gains. SAP S/4HANA Cloud, private edition serves as the technology
foundation for the team, enabling them to explore how artificial
intelligence (AI) and cloud solutions from SAP can help inform and
predict decisions, optimize resources and future-proof their IT
infrastructure.
Efficiency is the cornerstone of success in Formula One.
Therefore, mastering the cost-cap challenge and optimizing the
team's complex supply chain are two areas of focus for this
partnership. Formula One's cost cap restricts how much teams can
spend each season, with severe penalties if exceeded. The
Mercedes-AMG PETRONAS F1 Team plans to navigate this complex course
by using the SAP S/4HANA Finance solution to allocate, save
and use resources more efficiently. With SAP Business AI
technology embedded, the team can forecast costs, predict final
budget needs, and optimize both the supply chain and stocked items.
To run its state-of-the-art operation, the Mercedes-AMG PETRONAS F1
Team is looking forward to leveraging SAP S/4HANA Cloud,
private edition for a secure and future-proof cloud environment.
The team can also take advantage of SAP Build solutions and
SAP Business Technology Platform to implement a transparent,
intelligent enterprise architecture – bringing together a single
view of data and systems from various sources across the
organization. Doing so can lead to shorter lead times for critical
car components, helping ensure a seamless flow of parts during race
weekends.
"Formula One is one of the most technologically innovative
sports in the world, where incremental gains yield significant
results. Given the extreme conditions under which Formula One teams
operate, motorsports provide a global platform to showcase skill
and engineering excellence," said Julia
White, member of the Executive Board of SAP SE and chief
marketing and solutions officer. "But beyond the race day
performance, there's a lot going on behind the scenes. SAP is proud
to partner with the Mercedes-AMG PETRONAS F1 Team to make sure its
operations are as fine-tuned as its cars."
This partnership has the potential to create a new blueprint for
the automotive industry. Formula One is where latest innovations
for the automotive industry are invented and premiered. Together,
SAP and the Mercedes-AMG PETRONAS F1 Team will deliver new
innovations backed by Formula One insights that will go on to serve
and shape the businesses of other SAP customers.
"We are delighted to announce SAP as an Official Team Partner of
the Mercedes-AMG PETRONAS F1 Team," said Toto Wolff, CEO and Team Principal, Mercedes-AMG PETRONAS F1 Team. "We have a shared
heritage and commitment to innovation and improvement, which will
meaningfully contribute to our on-track performance. SAP is a
global leader in its field, and we could not think of a better
partner to help us improve our efficiencies in 2024 and
beyond."
Visit the SAP News Center. Follow SAP at @SAPNews.
About the Mercedes-AMG PETRONAS F1 Team
Mercedes-AMG PETRONAS F1 Team is the works team of Mercedes-AMG,
competing at the pinnacle of motorsport – the FIA Formula One™
World Championship. Formula One is a sport like no other. Combining
elite teamwork, cutting-edge technologies and innovation,
high-performance management and exceptional driving skill, teams
develop race cars capable of competing against their rivals in a
high-octane environment that spans upwards of 20 races across five
continents throughout each season.
The Mercedes-AMG PETRONAS F1 Team, based across Technology
Centres at Brackley and Brixworth in the United Kingdom, brings together over 1,000
dedicated and determined people that design, develop, manufacture
and race the cars driven by seven-time World Champion Lewis Hamilton and Grand Prix winner,
George Russell.
Winning seven consecutive double Drivers' and Constructors'
World Championships from 2014 to 2020 and securing a
record-breaking eighth consecutive Constructors' Championship
success in 2021, the Team is one of the most successful in the
sport's history.
Between returning as a Constructor in 2010 and the end of the
2022 season, the Mercedes-AMG works team has scored 116 wins, 264
podium finishes, 128 pole positions, 91 fastest laps and 54 one-two
finishes from 259 race starts.
About SAP
SAP's strategy is to help every business run as an intelligent,
sustainable enterprise. As a market leader in enterprise
application software, we help companies of all sizes and in all
industries run at their best: SAP customers generate 87% of total
global commerce. Our machine learning, Internet of Things (IoT),
and advanced analytics technologies help turn customers' businesses
into intelligent enterprises. SAP helps give people and
organizations deep business insight and fosters collaboration that
helps them stay ahead of their competition. We simplify technology
for companies so they can consume our software the way they want –
without disruption. Our end-to-end suite of applications and
services enables business and public customers across 26 industries
globally to operate profitably, adapt continuously, and make a
difference. With a global network of customers, partners,
employees, and thought leaders, SAP helps the world run better and
improve people's lives. For more information, visit
www.sap.com.
This document contains forward-looking statements, which are
predictions, projections, or other statements about future events.
These statements are based on current expectations, forecasts, and
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cause actual results and outcomes to materially differ. Additional
information regarding these risks and uncertainties may be found in
our filings with the Securities and Exchange Commission, including
but not limited to the risk factors section of SAP's 2022 Annual
Report on Form 20-F.
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