NEW YORK--(BUSINESS WIRE)--Sep 15, 2020--

INTURN, the provider of a B2B SaaS platform that is modernizing the way brands sell slow-moving and excess product, announced today that its solution to manage and optimize inventory is now an SAP Endorsed App, available for purchase on SAP ® App Center. INTURN joins a new category of solutions from SAP’s partner ecosystem to help customers become best-run, intelligent enterprises. SAP Endorsed Apps are premium certified for added security, in-depth testing and measurements against benchmarks results. They are meant to deliver value with desired outcomes.

“Ecosystem innovations are essential to SAP’s vision and delivery of the intelligent enterprise,” said Tom Roberts, senior vice president, Partner Solution Success at SAP. “We applaud INTURN on achieving Endorsed App status for its enterprise software solution. Partners like INTURN are positioned to help us deliver on a vision and provide new innovations to our customers – quickly, easily and with solutions that have achieved premium certification and support of SAP.”

INTURN’s solution extends an organization’s inventory management capabilities through the complete inventory lifecycle, functioning as a centralized system of record to support the management and optimization of all slow-moving and excess inventory. It provides real-time visibility and enables real-time collaboration across teams, departments and geographies. With actionable insights into inventory alongside a user-friendly presentation of products, brands can strategically manage their excess inventory to better navigate competitive industry environments. Using INTURN’s solution, clients can decrease their go-to-market time by up to 60 days, shorten average transaction time by 55 percent, reduce operating expenses by 85 percent and increase margin recovery by more than 10 percent.

“The endorsement of INTURN’s solution by SAP marks another major milestone for our company,” said Ronen Lazar, CEO and co-founder of INTURN. “We are excited to expand our partnership with SAP. Our solution was built for this moment. The current pandemic and volatility of the supply chain has created unprecedented inventory challenges which require companies to adapt quickly by digitizing their supply chain and optimizing inventory while achieving their sustainability goals. As an SAP Endorsed App, customers across all categories can quickly and efficiently launch our solution to manage inventory through the complete product lifecycle.”

INTURN’s solution to manage and optimize excess inventory is available for digital discovery and purchase at SAP App Center, the digital marketplace for SAP partner solutions. SAP App Center provides customers with real-time access to approximately 1,600 innovative partner solutions that complement and extend their SAP solutions, enabling digital transformation of their business.

ABOUT INTURN

INTURN is the only enterprise software solution that empowers brands to efficiently sell slow-moving and excess inventory across industries. By streamlining workflows and providing a system of record, INTURN’s platform reduces inefficiencies and improves product margins. For further information, please visit www.inturn.com.

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.

SAP Forward-looking Statement

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.

© 2020 SAP SE. All rights reserved.

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CONTACT: For more information, press only:

Emma Gielata

Matter

412-588-6960

inturn@matternow.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FASHION DATA MANAGEMENT RETAIL TECHNOLOGY CONVENIENCE STORE DEPARTMENT STORES

SOURCE: INTURN

Copyright Business Wire 2020.

PUB: 09/15/2020 09:03 AM/DISC: 09/15/2020 09:03 AM

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