Why Businesses are Shifting to Buying Software Online

WALLDORF SAP SE (NYSE: SAP) today said a new survey showed that more than 80 percent of organizations no longer use the calendar to time their enterprise software solution purchases.

The results of the survey, conducted by Futurum Research and sponsored by SAP, identify industry shifts in business-to-business (B2B) buyer expectations and preferences.

“B2B buying is at a turning point,” said Sharon Ruddock, head, SAP Digital Commerce group, SAP. “Companies are moving away from traditional enterprise-buying habits in search of speed, transparency and simplicity on digital channels. SAP is ensuring our customers experience the most convenient, frictionless buying process as they engage in digital commerce on the online marketplaces SAP offers. With our digital resources, including SAP Store, SAP App Center and SAP.com, customers can easily discover, try and buy software solutions online.”

About 1,000 B2B decision-makers from small to enterprise-level companies across 11 major industries responded to the survey. Notable findings include:

Strategic business initiatives are driving the shift towards digital B2B buying.

  • Almost half (49 percent) of the respondents cited moving to the cloud as the leading motivation in their shift to digital buying.
  • Supporting the needs of digital transformation efforts is also driving this change in buyer behavior, with 48 percent indicating the importance of shifting to digital purchasing.
  • Cutting costs and operational efficiency play a large role. Over 43 percent and 36 percent, respectively, highlighted these factors as key motivations for the move to online buying.

Customers want more transparency and freedom in their buying process.

  • Nearly 90 percent of respondents said they consider product trials to be an important feature in their digital buying process.
  • Eighty-five percent of businesses rated one-on-one online product and video product demos as very important when digitally buying enterprise software solutions.
  • Four out of five organizations noted that paid proofs of concept are important factors in making their digital purchasing decisions.

B2B customers are motivated by the ease and pace of B2C shopping.

  • Two-thirds of respondents cited time and resource efficiency as a primary reason for making enterprise software purchases online. About 45 percent cited convenience.
  • Forty-three percent noted operational speed as a principal motivator. About 37 percent named simplicity and less friction as top motivators.

“Consumers have become accustomed to simple online one-click buying in their personal lives, and now business purchasers want that level of simplicity and convenience to translate to their professional lives as well,” said Daniel Newman, CEO, Futurum Research. “Enterprise software providers must adhere to this consumerization of B2B sales or risk losing out on deals as a result of outdated and lengthy purchase cycles. Committing to this evolution, SAP is leading the charge in digital buying, giving customers the assets they need to purchase software simply, the way they prefer – online.”

About the 2019 B2B Digital Buyers’ Journey Study

SAP sponsored Futurum Research’s study, which included responses from approximately 1,000 decision-makers, business unit leaders, IT leaders and enterprise software buyers. They work for companies ranging from fewer than 500 employees to over 50,000 employees and across 11 major industries in North America, Brazil, the United Kingdom, Germany, France and China. The study was conducted in the spring and summer of 2019.

For more information and to access a full copy of the findings, please visit 2019 B2B Digital Buyers’ Journey: Trends, Challenges and Predictions.

Access free software trials and buy software from SAP and its partners online at the SAP Store site, SAP App Center and SAP.com. Follow the SAP Digital Commerce group on Twitter at @SAPDigital.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

About SAP

As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 437,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States only: +1 (800) 872-1SAP (+1-800-872-1727)

For more information, press only:
Cindy McKendry, +1 (503) 231-7274, cindy.mckendry@sap.com, PST
SAP Press Room; press@sap.com
Marki Conway, PAN Communications, +1 (617) 502-4300, digitalsap@pancomm.com, ET

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2019 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.