SAP Announces New Commerce Cloud Payment Solution that Places Retailers “Front and Center”

▤ Summary

Don’t worry, SAP hasn’t ventured into the guillotine market; there isn’t a Marie Antoinette themed rebrand in the works. According to SAP, this capability allows users to access a wider range of channel requirements, as well as incorporating new solutions and prebuilt payment experiences. Both these features support the “composability” of the Commerce Cloud, with SAP outlining the platform’s ability to provide retailers with agile and adaptive payment solutions that are tailored to each users’ distinct requirements. The CRM and ERP provider shared the news during an earnings call, where it also outlined plans to invest almost €1 billion to develop AI use cases for customers over the next two years. The company’s CEO – Christian Klein – emphasized the significance of generative AI, labeling it as “the greatest opportunity since the rise of the cloud, especially for SAP.” He outlined plans to embed artificial intelligence across all solutions, integrating it into business processes and offering it to end customers.

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SAP

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