SAP SuccessFactors Solutions Deployed By L'OCCITANE Group
Zacks Investment Research | Dec 13, 2017 09:14PM ET
SAP SE (DE:SAPG) (NYSE:SAP) recently announced that its SAP SuccessFactors solutions for human capital management ("HCM") were deployed by L’OCCITANE Group, a natural ingredient-based cosmetics and well-being producer.
L’OCCITANE believes that adoption of HCM solutions will enable it to drive digital HR transformation globally. The implementation of SAP SuccessFactors solutions has achieved an HR platform which offers better insight throughout the company’s retail operations as well as improved efficiency of its HR processes. With the solution, the group is better positioned to attract as well as retain best talent, aided by lower administration of core HR processes and a finest-in-class user experience for employees.
The company believes that global deployment of SAP SuccessFactors Employee Central and SAP SuccessFactors Recruiting solutions will allow L’OCCITANE’s store employees, managers, HR and corporate office to have direct access to employee data for better insights as well as decision-making. Additionally, all candidates benefit from the access of the same streamlined, user-friendly application process that is globally consistent.
Our Take
SuccessFactors Employee Central, which forms the backbone of the company’s Human Capital Management offerings, surpassed the 2,000-customer mark in third-quarter 2017. Robust market traction of these solutions remains a strong top-line growth driver for the company. In addition, the company is well poised against its key HCM peers, even in markets outside the United States.
Driven by solid market traction of cloud business, the company has raised mid-term outlook, signaling brighter days ahead. Opportunities for growth in support revenues are lucrative, which in turn, drives the company’s enthusiasm regarding the mid-term projection hike. Cloud subscriptions and support revenues are anticipated to surpass software license revenues in 2018, consequently supplementing its financial performance.
The company has been concentrating on expanding cloud business to become one of the leading players in the category. Further, SAP has a competitive edge over its cloud competitors as its processes are designed to be industry-specific and can be customized to meet corresponding business requirements.
Further, the Zacks Rank #2 (Buy) company’s Customer Engagement and Commerce solutions once again achieved double-digit growth in new cloud bookings as well as software revenues. Driven by solid market traction of cloud business, the company has raised mid-term outlook, signaling brighter days ahead. This apart, the company’s human capital management applications are gradually gaining extreme popularity, with many international organizations.
However, the company’s stock has yielded a return of 33.3% in a year, underperforming the Zacks Investment Research
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