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Goodwill

Hope dies last. For years, SAP's existing customers have been waiting for harmonization and consolidation of the numerous SAP acquisitions from cloud companies.
Peter M. Färbinger, E3 Magazine
June 18, 2020
Content:
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This text has been automatically translated from German to English.

As a red herring, ex-CEO Bill McDermott removed fellow board member Bernd Leukert, who is now a successful board member at Deutsche Bank.

Professor Hasso Plattner criticized other traits of his former CEO in a recent Handelsblatt interview. McDermott was focused on SAP's stock market value.

Technical solutions, such as integrating the cloud acquisitions into the SAP base, were not his thing. Bill McDermott financed the acquisition of the cloud companies largely with outside capital.

Financial debt thus rose to around 13 billion euros, as researched by Handelsblatt (see link). And further it can be read:

"If the purchase price is higher than the assessable assets of the company, the difference is booked as a hope value, called goodwill. [...] The goodwill booked in the SAP balance sheet is considerable."

Currently, goodwill at SAP amounts to around 29 billion euros, which is almost the same as SAP's equity. Thus, the Handelsblatt correctly concludes, it becomes clear that even the most valuable DAX group with a market capitalization of a good 130 billion euros is not safe from adversity.

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Peter M. Färbinger, E3 Magazine

Peter M. Färbinger, Publisher and Editor-in-Chief E3 Magazine DE, US and ES (e3mag.com), B4Bmedia.net AG, Freilassing (DE), E-Mail: pmf@b4bmedia.net and Tel. +49(0)8654/77130-21


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Work on SAP Basis is crucial for successful S/4 conversion. This gives the so-called Competence Center strategic importance among SAP's existing customers. Regardless of the operating model of an S/4 Hana, topics such as automation, monitoring, security, application lifecycle management, and data management are the basis for the operative S/4 operation. For the second time already, E3 Magazine is hosting a summit in Salzburg for the SAP community to get comprehensive information on all aspects of S/4 Hana groundwork. With an exhibition, expert presentations, and plenty to talk about, we again expect numerous existing customers, partners, and experts in Salzburg. E3 Magazine invites you to Salzburg for learning and exchange of ideas on June 5 and 6, 2024.

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Tickets

Early Bird Ticket - Available until 29.03.2024
EUR 440 excl. VAT
Regular ticket
EUR 590 excl. VAT

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Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.