Churchill Downs Incorporated (CDI), the renowned racing, online wagering, and gaming entertainment company, has announced its decision to adopt SAP cloud technologies as the foundation for its financial systems transformation. With a portfolio of 27 properties across 14 states, including the iconic Churchill Downs Racetrack, home of the Kentucky Derby, CDI aims to leverage SAP’s cutting-edge solutions to support its continued growth and innovation in the industry.
SAP, a global leader in enterprise software, offers a comprehensive suite of cloud technologies and solutions designed to help businesses streamline their operations, make data-driven decisions, and foster innovation. SAP cloud technologies encompass a wide range of offerings, including:
- SAP S/4HANA Cloud: A next-generation, intelligent ERP system that provides real-time insights, advanced analytics, and industry-specific best practices.
- SAP Business Technology Platform: A platform that enables businesses to integrate and extend their applications, data, and processes across hybrid and multi-cloud environments.
- SAP SuccessFactors: A cloud-based human experience management (HXM) solution that helps organizations manage their workforce, from recruiting and onboarding to performance management and learning.
These SAP cloud technologies empower businesses to optimize their processes, gain a holistic view of their operations, and make informed strategic decisions to drive growth and success. Indeed, CDI’s decision to adopt SAP S/4HANA Cloud Public Edition is a significant step towards modernizing its financial processes. Marcia Dall, CDI Executive Vice President and Chief Financial Officer, emphasized the importance of this move, stating that SAP’s cloud solutions will enable the company to streamline its financial processes and support its long-term growth objectives.
Transforming Financial Processes with SAP Cloud Technologies
SAP S/4HANA Cloud offers a ready-to-run cloud ERP system that delivers the latest industry best practices and continuous innovation. By leveraging this solution, CDI can further benefit from real-time insights, advanced analytics, and automated processes, allowing the company to optimize its financial operations and make informed decisions based on accurate and timely data.
In addition to SAP S/4HANA Cloud, CDI has also chosen to implement SAP Business Technology Platform and SAP SuccessFactors solutions. These SAP cloud technologies will enable CDI to streamline its data sources and leverage business data to make strategic decisions that underpin its business transformation.
Meanwhile, SAP Business Technology Platform will allow CDI to integrate data from various acquisitions, providing a unified view of its business operations. This integration is crucial for CDI, as it will enable the company to gain a comprehensive understanding of its performance across its diverse portfolio of properties and make data-driven decisions to optimize its operations.
Furthermore, SAP SuccessFactors solutions will empower CDI to create engaging employee experiences and manage its workforce effectively. By leveraging these cloud-based HCM tools, CDI can also attract, develop, and retain top talent, ensuring that the company has the right people in place to drive its growth and success.
A Partnership for Growth and Innovation
Moreover, CDI’s adoption of SAP cloud technologies builds on the company’s existing partnership with SAP. As the first official technology partner serving Churchill Downs, the Kentucky Derby, and the Kentucky Oaks, SAP has demonstrated its commitment to supporting CDI’s growth and innovation in the racing, online wagering, and gaming entertainment industries.
Lloyd Adams, SAP North America President, commended CDI’s decision to invest in SAP solutions, stating that it is an incredible example of how companies can leverage SAP’s cloud technologies to integrate data across their portfolio, make data-driven decisions, and achieve their growth objectives. He also emphasized that CDI’s long history of entertaining and delighting people, combined with SAP’s cutting-edge solutions, will enable the company to continue innovating and thriving in the industry.
With SAP’s cloud technologies as its foundation, CDI can streamline its financial processes, integrate data across its portfolio, and make data-driven decisions that will enable the company to innovate, grow, and continue to delight its customers for years to come. This partnership between CDI and SAP further showcases the power of cloud technologies in driving business transformation and sets a strong example for other companies looking to embrace digital innovation and thrive in today’s competitive landscape.
