BlueSnap, a global payment orchestration platform, has launched a direct integration with SAP Cloud ERP and S/4HANA, enabling businesses to manage worldwide payments without third-party connectors. The integration has been certified by SAP's Integration and Certification Center. The solution offers local acquiring in 50 countries, multi-currency support and built-in fraud protection. It eliminates complexity and costs associated with connector-based models whilst improving authorisation rates and simplifying reconciliation for enterprises with global operations. The integration is available immediately and targets enterprises with revenues exceeding $200 million that have complex international structures. It supports tokenised transactions and enables PCI-compliant, real-time processing through SAP's Digital Payments Add-On, along with seamless migration from legacy payment service providers.

SAP shares have declined 14% over the past month and 29% over three months, bringing year-to-date performance to a 27% decline. The stock closed at €146.90, giving the company a market value of approximately €172 billion. Despite recent weakness, longer-term returns remain positive, with three-year total shareholder returns of 31% and five-year returns of 46%. The company reported revenue of €36.8 billion and net income of €7.2 billion. The most popular valuation narrative suggests SAP is 41% undervalued, placing fair value at €246.79 per share. This assessment relies on assumptions about cloud revenue growth, margin improvements following restructuring and higher earnings multiples. However, SAP currently trades at a price-to-earnings ratio of 24 times, above the European software sector average of 21.8 times, raising questions about execution risk.