Pros
At SAP America (and SAP Labs) you are surrounded by top talent from across the globe. The benefits are industry competitive and the work environment is unparalleled for a business-customer focused firm. The company is extremely accommodating when it comes to working needs (time off; work from home). Consensus driven culture means that managers (both direct and top level) take the time to consider input from lower down the food chain. Significant work occurs across departments and across geographies, so you are exposed to a variety of personalities and systems, which make things very interesting at times, for better or worse.
Cons
The consensus driven culture that is instilled in the company by its strong German roots can at times paralyze decision making processes, and slow reaction to competition. (that said, the company has become much better at reacting in recent years.) Sometimes too many people are consulted on management decisions that should be made at lower levels. The geographical spread of the broader organization, and the dispersion of functional and marketing units, can add a significant degree of complexity to go to market and other company wide roll outs. that said, this global footprint is a serious advantage in dealing with large clients.