SAP Seeks to Rein In Costs to Focus on AI Investments

SAP

SAP

decrease; down pointing triangle said it would exercise greater discipline when it comes to hiring and travel expenses so it can forge ahead with investments in artificial intelligence, part of efforts from the German business-software group to rein in costs and focus on a technology that is reshaping the industry.

The company behind the Concur travel and expense-management platform has been an early adopter of AI, a technology that Chief Executive Christian Klein said could help make employees more productive by reducing repetitive tasks and, at the same time, assist clients with data analysis and automating processes across finance, human-capital management, procurement and other business functions.