U.S. Markets close in 5 hrs 50 mins

PYMNTS.com and SAP Launch Payments2CashFlow Challenge


PYMNTS and SAP today announced the Payments2CashFlow Challenge. This challenge will provide a limited number of developers the opportunity to create solutions to address one of four complex issues associated with B2B payments.

“The Payments2CashFlow Challenge is a great program to give developers a chance to tackle real-world payments problems that are being encountered by organizations of all types,” said Marty Mrugal, Chief Innovation Officer, SAP North America. “We’re pleased to partner with PYMNTS to provide Challenge participants access to our tools and the expertise we’ve gained from helping companies simplify a range of business processes to unlock competitive advantage.”

Leveraging the power of the SAP Cloud Platform, teams will be given the unprecedented opportunity to access SAP developer tools and tutorials and one-on-one mentorship with key SAP Cloud Platform experts, Ariba solution management experts and PYMNTS team members over the course of the five week challenge.

“What I love about this Challenge is that it is so focused on what enterprise customers say they want and need,” remarked Karen Webster, CEO of PYMNTS.com. “It offers enough structure so that teams know what they’re shooting for, but enough degrees of freedom to enable creative solutions. Kudos to SAP for taking this step – and we are really excited by this collaboration.”

The Challenge will kick off on April 5th and all submissions need be received no later than March 31st. Submissions received before March 13 will be given priority status, and teams will be invited to Innovation Project 2017 on the campus of Harvard University* in Cambridge, MA to meet Payments2CashFlow Challenge team mentors. To learn more about this challenge and apply, visit the Payments 2 Cash Flow Challenge.

PYMNTS.com is where the best minds and the best content meet on the web to learn about “What’s Next” in payments and commerce. Our interactive platform is reinventing the way in which companies in payments share relevant information about the initiatives that shape the future of this dynamic sector and make news. Our data and analytics team includes economists, data scientists and industry analysts who work with companies to measure and quantify the innovation that is at the cutting edge of this new world.

About SAP
As market leader in enterprise application software, SAP (NYSE:SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 345,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170307006475/en/