… but looking at Christians performance, I wish we could have Bill back.
SAP should sell off Signavio (it was never integrated properly anyway) and merge with ServiceNow. Give the boot to Christian and reinstall Bill.
Sheesh, at the time I thought Bill was a lousy CEO, but compared to Christian (and Thomas, and Juergen) he shines like gold.
@bgx+1qJ8Ywlr and most of those people work for concur and would like to be rid of the anchor that got strapped around our necks when SAP acquired us. SAP has made a never ending set of mistakes around "cloud" and keep making them chasing new shiny things and failing hard. Just look at AI, were not actually creating anything, just rebadging other companies items and saying our data is great but were producing junk. Concur has had working high quality integrated AI for years, in house developed to solve real business problems. That's all now being throttled, either by layoffs or because its being forced into the agent approach in joule
Signavio was not well integrated on purpose. The idea was always to create a high growth area free from any layoff disruptions and use that to promote certain employees. Take a look at the entire Signavio management - it has the usual suspects from SAP just moving around and getting promoted every year. While most of us struggled with layoffs in other areas, SAP employees that moved to Signavio had two to three promotions (some disguised as reorgs) and close to 7,5% salary hikes every year.
What a clueless statement. Bill was horrible at M&A nothing he bought has been properly integrated. CK nat not be the right CEO. But Bill was a disaster.
Last leader with integrity was IMHO Jim. (https://en.wikipedia.org/wiki/Jim_Hagemann_Snabe)
CallidusCloud was the stupidest acquisition of all time. It only seemed to happen as the Callidus CEO sweet talked Bill. It was only good for callidus share holders. Now they are trying to force customers to pay to upgrade to the new hana version :-)
Yeah, NOW is really struggling under Bill.
CK can't carry his jockstrap.
Signavio is all about overpromise and under deliver. Can’t give it away for free. It’s just a standalone project with no meaningful integration with S4 or P&T. Complete waste.
How could you think Bill was lousy? He's a rockstar.
Bill and Alicia vs. Christian and Julia….hmmm
Concur, Bill was all glam and glitzy, but we kicked the can down the road hard with these acquisitions. I am not sure how much of that is 1:1 on him, the company was quite different back then.
Listen….you can cry all you want, but Bill was actually pretty terrible. Qualtrics was the last straw. He loved to buy cr-p. The CRM bag was so full of lousy acquisitions. Net of it: you might not like Christian, but the STOCK is going in the right direction. Best thing is to cut as many jobs in Germany as possible. German jobs/decision making is the one key thing holding this company back.
Concur actually is a money cow for SAP... Plus it's already a cloud solution and a profitable one. Some people truly wish Concur was sold just like Qualtrics.
Considering SAP grew 25% on constant currency, Signavios growth for what should have been on a large white space grew with the average! So basically they was no need for a separate sales team! It was just cost to us.
Signavio should be growing triple digits to pay its own way, but its failing at that right now
AFAIK Signavio is one of the fastest integrated product line in SAP and is one of the core pieces of their strategy to move towards Business Transformation. Their last year growth rate was over 25% YoY.
Still see a lot of badly integrated product acquisitions even after 10 years with below par feature sets and horrible customer experience such as Concur, Success factors etc.
It is a real fact that most of SAP competitors are founded much after SAP but still are way ahead in terms of market cap, product experience and integration.
As far as I can remember, under Bill there were both performance and standard job cuts every year! Who can forget the massive across the board cuts to pay for his over the top acquisition of Qualtrics? That he continuesly tried to sell us for, and then Sybase for Mobile which didn't really pan out, was saved by their DB patents. I am not even going to mention the trash of an acquisition called CallidusCloud which we paid for an aging set of tech and a mediocre group of people.
Signavio hasn't contributed much and should be rolled into a service offering frankly, SAP has borrowed heavily when rates were at ZERO under Bill, and today they have refinance those debts at 3.25% plus find money to invest in AI which is still unproven.
But in SAP, there is also alot of waste, like alot, people who have never seen a customer or are not customer facing but provide knowledge around commercials. Well these can all be replaced by AI or outsourced to cheaper labour around the world.
Boy, CK is taking his lumps. Lots of questions about restructuring during this Q&A and he's pre-emptively addressed the RTO and the renewed performance review culture.