Subject: Re: FKA: SAP SE
This article

https://archive.ph/SCcKx

is Germany´s "WELT" magazine is long. It describes SAP´s moat --- for beginners in SAP. So you might already know all of that - or might still be a bit surprised how large that moat is.

Unfortunately the German article is far too long for me to let it part by part translate by google/deepl. Too much copy/paste work. Maybe someone with a subscription can do it and post the result.