Intelligent Spend Solutions from SAP to Support IDP Education’s Growth

Press release content from PR Newswire. The AP news staff was not involved in its creation.

WALLDORF, Germany, Oct. 13, 2020 /PRNewswire/ — SAP SE (NYSE: SAP) today announced that IDP Education, a global leader in international education services, has implemented SAP® Ariba ® and SAP Concur ® solutions to simplify its procure-to-pay processes across its global operations.

Since the global rollout, IDP has increased the percentage of spend contracted with preferred suppliers connected to Ariba Network, helping to increase efficiencies, improve collaboration with suppliers and drive cost savings. Since its phase one rollout in June 2019, IDP’s staff have been able to create more than 4,100 purchase orders using SAP Ariba solutions and submit over 4,900 expenses with SAP Concur solutions.

As a result of its digital transformation, IDP drove cost savings of A$5 million in the first year alone, which equates to

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Higher Education Market Growing at a CAGR 21.1% | Key Player Oracle, DELL Technologies, SAP, Vmware, Servicenow

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (AB Digital via COMTEX) —
The global Higher Education Market size is expected to grow from USD 13.7 billion in 2020 to USD 35.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period. A growing number of higher education enrollments is a major driver for the growth of the market during the forecast period.

Solutions segment to hold a larger market size during the forecast period

Higher education solutions are transforming colleges, universities, and research campuses worldwide, along with new and engaging services for the entire lifecycle. The solutions included in the study are the student information management system, content collaboration, data security and compliance, campus management, and others. Higher education solutions are incorporated into business applications to enhance their capabilities. They derive insights from the business

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