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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 5 percent of the company’s addressable spend. IDP’s procurement of technology demonstrates how these savings were achieved. Due to its rapid digitalization, IDP focused on ensuring its staff had access to quality technology tools and needed a global procurement process for laptops and notebooks. Since the implementation of SAP Ariba solutions, the organization has consolidated its suppliers, and by doing so, together with the power of the SAP Ariba Sourcing solution, was able to reduce the average cost of each laptop by 29 percent.

“SAP Ariba and SAP Concur solutions have enabled us to streamline ways of working globally, improve supplier governance and derive data-driven decisions that are helping to create operational efficiencies and deliver cost savings business-wide,” IDP Chief Financial Officer Murray Walton, said. “This investment enables us to establish the foundations we need for growing our business and delivering a world-class user experience to our staff.”

With more than 120 offices in 32 countries, Melbourne-based IDP is a global leader in helping students study overseas and also co-owns the world’s most trusted English language test.

To support its continued growth, IDP needed a single digital platform to streamline its procurement processes, deliver a consistent user experience across markets and drive greater efficiencies for its staff. With the help of SAP ANZ’s intelligent spend management award-winning partner excelerateds2p, the company implemented SAP Ariba and SAP Concur solutions to help standardize procurement processes across 28 countries, increase visibility into direct and indirect spend, improve access to real-time data and analytics, and eliminate manual tasks.

“With intelligent spend management solutions in place, IDP will now be able to extract insights in real time, enabling staff to make more-informed purchasing decisions aligned with corporate compliance goals,” said Henrik Smedberg, SAP Ariba and SAP Fieldglass ANZ regional vice president. “This will not only lead to more efficient operations; it will also continue to help drive cost savings with preferred suppliers around the world.”

According to excelerateds2p APAC Regional General Manager Joe Bellofiore: “This partnership has already delivered significant benefits by reducing the time spent on procurement processes through automation and standardization, enhancing

Higher Education Market| Emergence of Transitional Education (TNE) to Boost the Market Growth

The higher education market size is poised to grow by USD 37.82 billion during 2020-2024, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Higher Education Market 2020-2024 (Graphic: Business Wire)

The growth of internationalization in the education sector is one of the key factors driving the higher education market growth. The rising need to attract the best students and staff, improve the quality of education, and generate revenue is leading several higher education institutions to internationalize education. This emerging concept has also led to the advent of new higher education partnerships, including teaching partnerships and the provision of degrees off-shore. Such rising internationalization in the education sector will further fuel the global higher education market during the forecast period.

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Report Highlights:

  • The major higher education market growth came from the hardware segment. The adoption of educational PCs such as desktops and laptops is increasing owing to the high percentage of the student population in the higher education sector and the growing technology-enabled classrooms. This factor is contributing to the higher education market share growth.

  • North America was the largest higher education market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Rising investments in modern technologies by higher educational institutions, endorsement of the use of adaptive learning in colleges, and new contracts and agreements among vendors will significantly influence higher education market growth in this region over the forecast period.

  • The higher education market is fragmented. Adobe Inc., Apple Inc., Blackboard Inc., Dell Inc., D2L Corp., Discovery Inc., Ellucian Co. LP, Instructure Inc., Pearson plc, and Samsung Electronics Co. Ltd. are some of the major market participants. To help clients improve their market position, this higher education market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the higher education market 2020-2024 is expected to have Positive and Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Growth of Internationalization in the Education Sector will be a Key Market Trend

The emergence of transitional education (TNE) is one of the key higher education market trends. TNE programs are increasingly being conducted across different countries, including the UK, Australia, France, Italy, and Germany. The