SAP (SAP) CEO Bill McDermott admits his company, headquartered in Germany, is not immune to the global economic slowdown, especially in emerging markets, recently telling Yahoo Finance, “What’s going on in Russia, the fact that it has dampened things for the overall economy, we obviously see some slowing in China relative to expectations and Brazil perhaps the same thing.” 

Just this week, Germany, the epicenter of the eurozone, slashed its economic growth forecast for the year to just above 1%. Even so, McDermott is confident SAP is solid enough to absorb any weakness. “One of the things I’ve always believed in is when you are doing the right things for whatever business you are going to get a soft landing.”

Still investors remain concerned about the software makers global exposure. SAP shares are down 19% this year, more than rival Oracle (ORCL) which is higher over the same period.

SAP investors are also digesting last month’s $7.3 billion dollar acquisition of Concur Technologies (CNQR), the company’s largest to date. McDermott hopes the deal catapults SAP to become the leading business network in corporate travel of which 80% is now handled by outside companies like Orbitz (OWW) and Expedia (EXPE). 

In July, SAP reiterated its full-year operating profit goal of €6.0 billion during its second quarter report, citing currency levels through June 2014. Since then the euro has weakned against the dollar which could be a positive catalyst for the software maker.

SAP is set to report earnings on October 20.

More from Yahoo Finance:
The morning after: What you need to know about the market after yesterday's wild ride
HBO announces standalone streaming service
Buy the dip and focus on the long-term says Edelman