What's New

SAP Is on the Cutting Edge of How to Best Manage Company Spend

SAP News - 9 hours 5 min ago

As a pioneer of spend management software, SAP has been on the cutting edge of how to best comprehensively manage company spend and supplier relationships.

Like at home, identifying every dollar you spend and getting the most out of it is more critical than ever for your business. And as we continue to roll out SAP Business AI technology, the teams behind SAP solutions are working on ways to help you reduce the time spent on mundane tasks so you can focus on executing your strategy, unlocking spend potential, and unleashing efficiency.

The first quarter of 2024 was among the most productive in my 18 years at SAP. We debuted new AI capabilities in various SAP spend management solutions. Check out some of these highlights:

  • SAP Ariba Category Management: We’ve incorporated generative AI-enabled features that can assist category managers by generating recommendations in the solution’s category segmentation, market dynamics, and cost structure tools.
  • Scoutbee Discovery: SAP partnered with Scoutbee, a leading AI-powered supplier intelligence and discovery platform, to launch Scoutbee Discovery. This SAP endorsed app can rapidly identify qualified suppliers that meet specific criteria and can help advance strategic business imperatives. Watch the recording of me participating in a recent LinkedIn Live with the Scoutbee team.
  • Concur Request: Now, this service uses generative AI to help provide intelligent cost estimates for trip planning.
  • ExpenseIt: Users can upload receipt images to the ExpenseIt solution, which taps AI to help automatically create a new expense with several key fields prepopulated. Plus, ExpenseIt can now itemize hotel folios using generative AI.
  • Generative AI search: A new capability within Concur Support allows SAP Concur customers to type questions in natural language and get quick answers using generative AI, without submitting a support ticket.

SAP’s market-leading spend and business network solutions are getting even smarter, working to unlock greater value for our customers. We have many resources devoted to spend management and that’s why we continue to deliver innovation in spend management.

And we are only getting started. By the end of 2024, SAP Business Network is planning the following enhancements:

  • Generative AI RFI/RFP responses in SAP Business Network Discovery: With generative AI-enabled responses for postings in SAP Business Network Discovery, suppliers will be able to respond to RFIs promptly and more accurately, helping to save time and reduce costs associated with manual labor and resource allocation.  
  • Catalog enrichment using ChatGPT recommendations: This feature can enable suppliers to generate and improve product descriptions and overall catalog quality based on prompts and keyword recommendations from ChatGPT. 
  • Intelligent error simplification using generative AI: This feature uses machine learning and a large language model to interpret and categorize invoice rejection reasons, allowing suppliers to reduce the number of failing invoices, improve rapid invoice submission and payment, and optimize cash flow.

For more on how AI is transforming business networks, read this recent article from my colleague Joern Keller.

Eliminate the mundane and elevate the strategic in spend management with generative AI Discover SAP solutions But What Are Our Customers Saying?

Each quarter, G2 highlights the top rated solutions in the industry, chosen by the source that matters most: customers. Spring 2024 is no different, and once again our suite of spend and business network solutions scored extremely well.

  • SAP Fieldglass is a G2 Spring Leader in Vendor Management.
  • SAP Ariba is a G2 Spring Leader in Procure to Pay, Purchasing, Strategic Sourcing, Supplier Relationship Management, and Contract Lifecycle Management.
  • SAP Concur is a G2 Spring Leader in Expense, Travel & Expense, and Invoicing.

What’s more, G2 recently announced its 2024 Best Software Award winners, with SAP Fieldglass and SAP Concur receiving high honors:

  • SAP Fieldglass came in at No. 26 in G2’s Best Software Awards across all products and No. 12 in G2’s Best Software Awards for best midmarket products.
  • SAP Concur came in at No. 4 in G2’s Best Software Awards for the account and software product category.

My colleagues are also getting their flowers. Etosha Thurman, chief marketing and solutions officer of Intelligent Spend and Business Network, and Steve Seide, global head of Adoption for Intelligent Spend and Business Network, were named Top Procurement Pros in the Supply & Demand Chain Executive 2024 Pros to Know awards. A big congratulations also goes out to Darcy MacClaren, CRO for SAP Digital Supply Chain, who received a Pros to Know Lifetime Achievement award.

Driving Success for Our Customers

Hearing me spotlight our direct and indirect procurement, external workforce, and travel and expense management solutions is one thing. Seeing them in action is something way more powerful. Here are a few recent customer success stories to take in:

  • American Eagle Outfitters (AEO), a leading global specialty retailer offering high-quality on-trend clothing, accessories, and personal care products through its portfolio of brands, needed to evaluate indirect purchasing processes and vendor relationships to maximize efficiency. See how SAP Business Network for Procurement and SAP Ariba solutions helped simplify processes and deliver compliant purchasing protocols across the company.
  • Power provider to over 900,000 electric customers, Oklahoma Gas & Electric Company (OG&E) faced challenges with the complexity of third-party and cross-department management of contingent workers. After transitioning SAP Fieldglass solutions to internal management, OG&E gained the visibility to make more informed financial decisions, like supplier negotiations.
  • 2024 SAP Innovation Award winner Vestas Wind Systems, the world’s largest manufacturer of wind turbines, launched a large-scale quality initiative powered by SAP Business Network to help mitigate product defects in a highly complex supply chain. Now, using SAP Business Network, suppliers complete predefined quality tests and document them before confirming or sending an order. This enables Vestas employees to be warned in advance of any quality issues further up the supply chain, so they can take corrective action.
  • Most KUKA employees are based in Germany, where tax regulation is complex and submitting hotel and entertainment expenses is anything but simple. The KUKA team worked together to develop a simple process using SAP Concur solutions, connected to SAP ERP, that allows employees to create hotel and entertainment expenses seven times faster with fewer errors and fewer rejected expense reports.
Join Us at SAP Sapphire!

SAP Sapphire & ASUG Annual Conference is June 3-5 in Orlando, Florida, this year and I can’t wait to meet with customers, partners, and my fellow colleagues. This is the best event in the industry in my opinion and you don’t want to miss out. Join us by registering on the SAP Sapphire event website, where you can also save your spot at the SAP Sapphire Virtual and SAP Sapphire Barcelona events. See you there!

Jeff Collier is chief revenue officer for SAP Intelligent Spend and Business Network.

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Categories: What's New

Navigating Tax Requirements in the Digital Era: Manage Compliance with Cloud ERP

SAP News - 10 hours 5 min ago

As businesses adapt to digitalization, they encounter various trends reshaping tax compliance. From emerging business models to governments’ digital initiatives, the tax landscape is undergoing significant transformation.

Authorities are starting to involve themselves in business transactions, disrupting well-established business processes and taking control of the invoicing flow between suppliers and buyers. As a result, they have the data needed to prevent tax evasion and start auditing taxpayers automatically or even auto-populating tax returns moving toward tax bills. Additionally, sustainability efforts and climate change regulations further impact tax regulations.

Amid these shifts, SAP can provide peace of mind to navigate complexities efficiently. By understanding the evolving tax landscape, businesses can leverage SAP solutions to help streamline compliance processes and drive automation to capitalize on emerging opportunities.

SAP solutions for global tax management are tailored to help address modern tax challenges. SAP S/4HANA Cloud can provide transparency and compliance on a global scale, enabling businesses to embed tax requirements in processes.

Pave the way to strategic tax management and automated compliance with SAP Learn more

Through localized solutions that offer standardized but flexible business processes, a complete suite of solutions facilitates efficient tax management, from e-invoicing to statutory reporting and overall tax compliance. With SAP technology and expertise, businesses can achieve greater accuracy and agility in tax compliance, paving the way for sustainable growth and competitive advantage.

To help tax professionals prepare for and become valuable members of tax transformation projects, SAP is introducing a new course: Unlocking Tax Transformation with SAP.

The course is designed to equip professionals with the knowledge needed to navigate today’s tax landscape and learn new capabilities that can be leveraged as part of SAP S/4HANA-enabled transformations to simplify tax compliance.

The course offers practical strategies to learn about the different tax types, global developments and their business relevance, and the importance of technology with a focus on SAP S/4HANA and SAP solutions for global tax management. It begins on April 30 and enrollment is now open. By enrolling in this course, tax professionals can gain valuable insights into industry best practices and leverage the latest SAP innovations to help optimize their tax processes.

In a time of rapid change, SAP supports businesses on their journey to tax compliance and growth. Through collaboration with SAP and a commitment to continuous learning, businesses can navigate the complexities of taxation with confidence and achieve their long-term objectives.

Erika Buson is part of Product Marketing for Global Tax Management and Entity Close at SAP.

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Categories: What's New

Information About Upcoming Merger of Hybris Gesellschaft mit beschränkter Haftung into SAP SE

SAP News - 12 hours 49 min ago

Publication of SAP SE, Walldorf,
pursuant to Sec. 62 para. 3 sent. 2 half sent. 1 UmwG

– Information about upcoming merger –

  1. It is intended to merge Hybris Gesellschaft mit beschränkter Haftung (local court of München, HRB 124384) as transferring company in the course of a simplified group merger into SAP SE as acquiring company. Therefore, the assets of Hybris Gesellschaft mit beschränkter Haftung in its entirety together with all rights and obligations are transferred to SAP SE with effectiveness as of 1 January 2024, 0:00 a.m. (“effective merger date”). From the effective merger date to the date of the expiry of Hybris Gesellschaft mit beschränkter Haftung pursuant to Sec. 20 para. 1 No.2 UmwG
    all acts and businesses undertaken by Hybris Gesellschaft mit beschränkter Haftung shall be deemed to have been undertaken for the account of SAP SE.

    SAP SE is the sole shareholder of Hybris Gesellschaft mit beschränkter Haftung. A merger resolution of the acquiring company SAP SE is not necessary pursuant to Sec. 62 para. 1 sent. 1 UmwG. A resolution of the general meeting of Shareholders of SAP SE on the approval of the merger agreement is also not required because SAP SE as the acquiring company holds the share capital of Hybris Gesellschaft mit beschränkter Haftung in full. Since SAP SE holds all shares in Hybris Gesellschaft mit beschränkter Haftung, the preparation of a merger report, a merger audit and an audit report is not required pursuant to Secs. 8 para. 3 sent. 3 no. 1 a), 9 para. 2, 12 para. 3, 60 UmwG.

  2. The stakeholders of SAP SE with a combined holding of one-twentieth of the share capital of the company are herewith advised of their right to request the convention of a general meeting to decide on the approval of the merger (Sec. 62 para. 2 sent. 1, para. 3 sent. 3 UmwG).
  3. A resolution of the shareholder’s meeting of Hybris Gesellschaft mit beschränkter Haftung on the approval of the merger agreement is not required pursuant to section 62 para. 4 sent. 1 UmwG because SAP SE is the sole shareholder of Hybris Gesellschaft mit beschränkter Haftung.
  4. As of the date of this announcement, the following documents can be assessed by the links below:
    1. The draft merger agreement between SAP SE and Hybris Gesellschaft mit beschränkter Haftung.
    2. The annual financial statements and, where required, the annual reports of the companies who are parties to the merger for the fiscal years 2021, 2022, 2023:

      2021 SAP SE Statutory Financial Statements and Review of Operations (HGB)
      2022 SAP SE Statutory Financial Statements and Review of Operations (HGB)
      2023 SAP SE Statutory Financial Statements and Review of Operations (HGB)
      2021 Hybris Gesellschaft mit beschränkter Haftung Financial Statements
      2022 Hybris Gesellschaft mit beschränkter Haftung Financial Statements
      2023 Hybris Gesellschaft mit beschränkter Haftung Financial Statements

 

SAP SE, April 26, 2024

The Board of Directors

Categories: What's New

Transform with Confidence Using RISE with SAP Methodology

SAP News - Thu, 04/25/2024 - 08:15

Today we’re introducing a new customer onboarding experience and quality check enhancements in RISE with SAP Methodology. After April 1, 2024, all customers subscribing to RISE with SAP for the first time will go through this improved experience at no additional cost.

RISE with SAP is a managed cloud offering that can enable customers to unlock continued innovation and transformation by modernizing their business-critical systems and processes in a highly collaborative and measurable way. This offering includes the newly announced RISE with SAP Migration and Modernization program that helps bring renewed focus on the cloud transformation journey by enabling smooth, secure migration of on-premise SAP ERP Central Component (SAP ECC) and SAP S/4HANA customers to the cloud. The key pillars of the program are the RISE with SAP Methodology, transformation incentives, and the innovation road map. The program features offerings tailored to each customer’s unique starting point. Its components are differentiated for SAP ECC and SAP S/4HANA customers and can run with a clean core approach, taking advantage of the latest innovations in RISE with SAP.  

Cloud solutions, infrastructure, and services combined to deliver a clear cloud migration path Explore RISE with SAP

The cornerstone of the program is the RISE with SAP Methodology. The methodology captures the best practices of successful implementations from thousands of RISE with SAP customers over three years and is designed to provide a consistent approach – from planning to go-live to ongoing operations and evolution – that can meet customers’ business transformation goals. Whether through SAP or partner-led engagements, customers can get a clear path with specific implementation stages and success KPIs to be able to take advantage of speed, agility, and all the benefits of the cloud.

Today we’re adding enhancements to the RISE with SAP Methodology, including a new onboarding experience and quality checks throughout the project implementation phases. All new RISE with SAP customers will go through this onboarding experience at no additional cost. The new experience provides guided enablement by SAP-assigned onboarding advisors and related tools and services to help customers implement their cloud ERP solutions with clarity and confidence. The onboarding advisors can guide customers through the overall process aligned with the RISE with SAP Methodology and prepare them to get started with their implementation. The new experience also helps simplify best practice implementation of the clean core, helping to make it a more central, actionable, and measurable standard of all implementations. This helps ensure all RISE with SAP customers can benefit from business agility, faster innovation cycles, and improved value realization. 

The new improvements to the RISE with SAP Methodology include:

  • Expert onboarding guidance through embedded launch activities: A dedicated SAP advisor can deliver 1:1 enablement sessions to help educate customers on the RISE with SAP Methodology, clean core strategy, and related tools for implementation. Also, there are role-based, recorded enablement sessions covering business process best practices, solution architectures, and other strategic topics leading up to the go-live milestone. Check out this blog on embedded launch activities to get a full view on what enablement resources are delivered through this new onboarding experience with RISE with SAP. 
  • Clean core-focused success plan, runbook, and quality checks: We’ve developed a clean core success plan with clear milestones and KPIs. The clean core success plan is now added to the SAP Activate road map viewer, where customers – with the support of SAP advisors and partners – can review the recommended actions in uniquely created road maps, aligning their needs with best practices to help continually unlock business value faster. We’re also adding new quality gate checks to validate that the actual implementation is in line with recommended clean core best practices before customers proceed to the next project phase. The outcome of the quality gate is the SAP clean core report with feedback and recommendations on how to implement the clean core strategy. These recommendations are recorded and tracked via the updated runbook in the SAP Cloud ALM solution. To learn more, read a blog post on this topic. 

We’ll continue to deliver more tools, templates, training, and oversight to help make it easier for customers to execute an optimal migration or transition to the cloud and achieve their business objectives. Coming later this year is the RISE with SAP system transition workbench. This tool will help the technical implementation of migrating to cloud ERP by providing digital access to SAP-approved best practices and guidance for migrations, automation of tasks, health, and system checks. Stay tuned as we get ready to share more on this in the coming weeks.   

To learn more, join us for our upcoming webinar on May 23, where we will go deeper into this new onboarding experience in the RISE with SAP Methodology. Register here.

Panda Priyadarsana is SVP and GM of Customer Services & Delivery and head of Cloud ERP at SAP.

Photo courtesy of SAP employee Juelma Guerreiro.

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Categories: What's New

SAP Celebrates Healthcare and Life Sciences Industry Heroes

SAP News - Wed, 04/24/2024 - 07:15

In the rapidly evolving landscape of life sciences and healthcare, a new breed of heroes has emerged – visionaries that are revolutionizing the industries through innovative SAP technology. From the adoption of artificial intelligence (AI) for drug discovery to building an intuitive mobile app to help Parkinson’s disease patients track symptoms, technology plays a pivotal role in creating a healthier world.

Bring life-saving medications to market faster and improve patient outcomes with SAP technology Learn more

With the integration of cutting-edge technologies, organizations can leverage data-driven insights to make informed decisions, accelerate time-to-market for new treatments, and ultimately improve patient care. Life sciences and healthcare companies are at the forefront of innovation and competitive advantage by embracing changing industry trends and harnessing technology’s power.

The SAP Industry Heroes program was launched in 2023 to celebrate companies that leverage technology to transform their business in innovative ways. Healthcare and life sciences heroes have harnessed the power of technology to transform the traditional patient paradigm into an adaptive, customer-centric frontier.

Astellas

Astellas Pharma Inc. is a leading pharmaceutical company dedicated to advancing healthcare through innovative therapies and cutting-edge research. Focusing on addressing unmet medical needs, Astellas develops and markets a wide range of healthcare solutions across various therapeutic areas, striving to improve the health and well-being of patients globally. With RISE with SAP and SAP SuccessFactors solutions, Astellas is building an internal environment that will leverage globally integrated data to unlock the organization’s full potential.

DXC Technology

DXC Technology is a global IT services and solutions company known for its expertise in digital transformation, enterprise applications, cloud computing, and cybersecurity. With a focus on enabling clients to thrive in the digital era, DXC offers a wide range of technology and advisory services tailored to meet the diverse needs of businesses across industries. A mobile app built on the SAP Business Technology Platform (SAP BTP) and SAP Business AI is enabling individuals with Parkinson’s disease to keep clinicians informed about their symptoms, accompanied by a clinician dashboard – and generative AI query extensions are also in development. The innovative solution aims to improve the quality of life for these patients and their caregivers and marks a huge step forward in using AI to support clinical decisions.

Gilead Sciences

Gilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California.

Gilead’s digital transformation journey includes a bold migration to SAP S/4HANA with segmentation and SAP Ariba and continues to expand its reach with SAP BTP and cutting-edge solutions such as SAP Intelligent Clinical Supply Management, SAP Cell and Gene Therapy Orchestration, and SAP Batch Release Hub for Life Sciences.

Most notably, Gilead and SAP are co-innovating on SAP Batch Release Hub for Life Sciences. This groundbreaking add-on will support continued compliance with regulatory standards across regions and jurisdictions with emphasis on highest quality and safety standards for Gilead’s products, further safeguarding patient wellbeing across the globe. Integrating SAP Ariba solutions, including SAP Business Network, Gilead aims to create a globally interconnected platform, enhancing collaboration between suppliers and buyers while optimizing its global procurement operations.

Additionally, SAP and Gilead are collaborating on co-innovating jurisdiction control checks using SAP Batch Release Hub for Life Sciences. The add-on will perform control checks on manufactured batches of pharmaceutical products, helping life science organizations to maintain compliance with regulatory standards across multiple regions and jurisdictions. This safeguard checklist will further support the quality and safety of products.

SAP celebrates these organizations’ outstanding efforts, collaboration, and dedication to driving successful business outcomes with technology. The innovations streamline research processes, enhance efficiency, and improve patient care, ultimately revolutionizing how healthcare and life sciences companies operate.

SAP Innovation Days for Life Sciences & Healthcare are taking place in Palo Alto, California, from April 24- 25, 2024, and Newton Square, Pennsylvania, from April 29-30, 2024, celebrating industry heroes and bringing attendees together to discuss leveraging technology to drive business outcomes. Get more information on the events here.

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Categories: What's New

Smart Manufacturing Creates Opportunity for Partner-Driven, AI-Infused Innovation

SAP News - Wed, 04/24/2024 - 04:15

One of the perks of my job is that I get to spend a considerable amount of time with our industry partners. Whether I’m talking with a startup software company or an established global service partner, two words — two letters actually — are the hot topic of almost every engagement lately: artificial intelligence, specifically business AI.

SAP at Hannover Messe: Bring out new manufacturing excellence Learn how

As we navigate this brave new world of business AI, SAP partners are playing an essential role as equal parts technology disrupters, trusted advisors, and innovation multipliers. They work and live at the edge, breaking technology rules with every new solution and innovation they bring to the table. These companies are passionate about their AI-driven solutions, which will provide what SAP manufacturing customers want most for their businesses nowadays: more efficiency, accuracy, and agility in their production operations and supply chains. Their energy and passion are positioning them to redefine the rules of engagement regarding how partner ecosystems work.

It doesn’t matter what kind of partner you are — you could be on the build, implement/service, or sell sides of the SAP partner ecosystem, the opportunities to innovate, and co-innovate with SAP and other partners, solutions that bring value to customers in discrete manufacturing industries are as limitless as our imaginations. It’s an exciting time to be an SAP industry partner.

Innovative Solutions from SAP and Partners Give Our Manufacturing Customers a Competitive Edge

Giving our manufacturing customers the business AI solutions they need to thrive in highly competitive and often volatile markets is an absolute must. Whether those solutions are developed by an SAP partner, SAP itself, or collaboratively is secondary.

This new drive to co-innovate on our customers’ behalf is creating opportunities for partners to develop and deliver industry innovations in three areas of discrete manufacturing:

  1. Solutions that enable efficient, accurate, and agile manufacturing and supply chains by integrating processes, removing data silos, and seamlessly connecting manufacturing and supply chain applications with the whole of the business.
  2. Solutions that improve decision-making by using AI to analyze data from internal and external sources in context and produce insights that increase manufacturing operations’ resilience and help customers strike the right balance among cost, sustainability, and customer satisfaction.
  3. Solutions that promote collaboration within a business ecosystem. Many of the company executives I’ve spoken with recently wanted to talk about Manufacturing-X, the growing cross-industry initiative in which companies across various manufacturing value chains come together within a global business ecosystem to define a standard that enables them to share production and supply chain data across platforms and technology to further increase resilience, sustainability, and competitiveness.

We are bringing this customer-focused, partner-driven approach to life this week at Hannover Messe, bringing center stage the latest, most compelling innovations to emerge from SAP and our partner ecosystem, across both discrete and process manufacturing — many embedded with business AI.

Some of the showcases that have been developed collaboratively in action include:

  • Modular manufacturing that orchestrates production cells with a hard independent fleet manager
  • High-speed bottling that captures traceability data and in-line quality assurance
  • A centralized operations control center that manages an offsite process production line
  • AI-enhanced visual inspection and guided instructions during component assembly
  • A quick guided journey through an Industrial Metaverse, showing how assets inside a power plant can be intelligently and remotely managed

SAP partners are playing an integral part in our presence at Hannover Messe, just as they are in our overarching industry vision. Partners including Accenture, Camelot ITLab, Cideon Software & Services, FORCAM, Kinexon, Systema, and TeamViewer are all exhibiting their solutions alongside their SAP counterparts, demonstrating the true power of partnership and innovation at every turn.

By leveraging resources like the new SAP AI Launchpad and generative AI hub, our partners will introduce industry innovations that will add immediate value for customers in the discrete and process manufacturing space. Hence, they have the intelligent digital tools they need to be future-ready.

Kinexon’s OS extension to the SAP Digital Manufacturing solution is one example. Kinexon OS orchestrates the shop floor and automates previously manual processes, improving production speed, quality, and asset utilization. It is providing customers with an essential pathway to modular production and autonomous manufacturing.

For those of you at the event, stop by the SAP space and experience innovation and partnership in perfect harmony firsthand. An electric injection molding machine developed by Fanuc with support from partner Syntax will be cranking out made-to-order drinking vessels.

Come enjoy a cup of inspiration on us. It’s a small but meaningful taste of what’s possible for partners in our collaborative, customer-focused, and business AI-driven cloud ecosystem.

Sven Denecken is senior vice president and chief marketing and solutions officer for Industries & CX at SAP.

The power of partnership: drive customer success with solutions from SAP, delivering trusted advice and deep product knowledge Learn more
Categories: What's New

SAP Announces Q1 2024 Results

SAP News - Mon, 04/22/2024 - 16:06

WALLDORF SAP SE today announced its financial results for the first quarter ended March 31, 2024.

  • Cloud revenue up 24% and up 25% at constant currencies, supported by 32% Cloud ERP Suite revenue growth at constant currencies
  • Current cloud backlog of €14.2 billion, up 27% and up 28% at constant currencies
  • IFRS cloud gross profit up 27%, non-IFRS cloud gross profit up 27% and up 28% at constant currencies
  • IFRS operating loss of –€0.8 billion due to a €2.2 billion restructuring provision
  • Non-IFRS operating profit up 16% and up 19% at constant currencies even including higher share-based compensation resulting from strong share price increase
  • Outlook 2024 reaffirmed

“We’re off to a great start in 2024 and we’re confident we’ll achieve our goals for the year. Looking ahead, we have powerful growth drivers in place – Business AI, cross-selling across our cloud portfolio, and winning new customers particularly in the midmarket. The strength of our current cloud backlog reaching a record growth rate is a testament to that momentum. Our transformation program is also well on track and will help us to capture this growth and increase efficiency.”

Christian Klein, CEO

 

“In the first quarter we successfully kicked off the implementation of our transformation program thereby allowing us to focus our investments on the Business AI opportunity while decoupling expense from revenue growth. We are also very pleased by the unabated growth momentum of the Cloud ERP Suite, reflecting the market’s secular shift towards integrated cloud solutions.”

Dominik Asam, CFO

Read the Quarterly Statement

Press Contacts:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET

Categories: What's New

SAP SuccessFactors First Half 2024 Release: Make Every Employee a Success Story

SAP News - Mon, 04/22/2024 - 08:15

Success can take many forms. It’s achieving AI-driven results faster and smarter. It’s unlocking more meaningful and aspirational career development experiences. It’s empowering employees and managers through simple HR-related tasks in the flow of work, freeing up more productive time across the organization.

And for you and your business, you can tell all those success stories – and more – with the SAP SuccessFactors HCM suite and our first half 2024 release.

As your organization and employees begin to embrace AI, HR has the opportunity to drive new levels of employee productivity, engagement, and growth. SAP SuccessFactors HCM can give you everything you need – the global foundation, skills framework, people-first experiences, and purpose-built AI capabilities – to help take HR to the next level. With the SAP SuccessFactors first half 2024 release, we are delivering more than 250 innovative features and enhancements.

SAP Business AI

In 1H 2024, we are thrilled to introduce more than 25 new AI capabilities to enable better employee experiences and new levels of productivity.

Among these capabilities include the ability for applicants to provide skills during the application process. This can enable recruiters to see a skills compatibility for each applicant based on matching the applicant’s skills and the job requisition, helping improve applicant screening and time to hire. Furthermore, personalization in SAP SuccessFactors Opportunity Marketplace is enhanced with new AI-driven recommendation categories, “Ignite Your Role” and “Reach Your Aspirations.” These guided experiences can enable employees to proactively take steps to reach their development goals.

Assisted screening and skills match available in 1H 2024 release. Click to enlarge.

Generative AI continues to be embedded across the SAP SuccessFactors HCM suite, including new capabilities to help employees create ready-made performance and development goals and AI-assisted writing to help improve the quality, clarity, and conciseness of writing across a variety of areas within SAP SuccessFactors solutions.

Further, with this release, insights based on an employee’s compensation and job history are available to help support managers in having effective and well-informed compensation discussions. 

The AI copilot that truly understands your business Meet Joule

We have also added more than 15 new Joule capabilities in this release to help both managers and employees get work done in a conversational way, such as creating or changing a position, creating spot awards, clocking in and out, and viewing pay statements as well as time capabilities like requesting time off, checking leave balances, and syncing holidays to Outlook calendars while managers can review and approve time off. Further, employees can now clock in and out using Joule, Microsoft Teams, or the SAP SuccessFactors Mobile app.

SAP SuccessFactors Employee Central

We are excited to unveil two new people profile experiences – the profile preview and the spotlight view. The profile preview can provide a snapshot of key areas of the employee profile, including job, manager, location, and contact details, to quickly view and connect with others. Additionally, the spotlight view can showcase employee skills and competencies, mentoring and target roles, and other relevant personal and organizational information.

We are also introducing a new org chart experience with a refreshed look and feel. Available on desktop and mobile, users can explore their organizational structure with improved expand and collapse capabilities, which helps provide full accessibility to an employee’s profile preview, with an option to open the new spotlight view.

The new org chart experience. Click to enlarge.

Customers can now automatically process new hires from SAP SuccessFactors Recruiting and SAP SuccessFactors Onboarding into SAP SuccessFactors Employee Central. This capability helps further reduce the time to hire, which is especially important with mass, seasonal, and high-volume hiring.

SAP SuccessFactors Employee Central Global Benefits

With this release, we are pleased to introduce a new benefits enrollment experience for insurance, savings, and pension benefit types. Available on both desktop and mobile, the guided experience for benefits elections can give employees increased convenience with improved navigation and increased confidence with side-by-side plan comparisons and embedded instructional text. Additionally, employees can update dependent information and manage beneficiaries directly from the benefits enrollment process, which helps further streamline the enrollment experience.  

SAP SuccessFactors Time Tracking

We are thrilled to share the launch of a new time sheet experience that integrates the latest version of My Timesheet in SAP S/4HANA with SAP SuccessFactors. Employees can now record time for payroll, as well as against activities and cost objects, from a single time sheet across applications. This helps organizations leverage real-time connectivity between HR and finance operations to keep track of employee activity and labor costs and to pay employees accurately and on time.

Additionally, a new monthly calendar view for time sheets can give employees and managers a complete picture of recorded time over a month. Users can drill down into specific days and submit or approve time for pay periods beyond a week, such as biweekly or monthly.

For managers, a new time approval center helps simplify approvals with a centralized dashboard highlighting anomalies for swift resolution. Managers can monitor team working hours effectively, helping to ensure accurate and timely payroll processing.

SAP SuccessFactors Onboarding

With enhancements to the onboarding journey experience, new hires can now use the new Your Onboarding Checklist page to reference and complete all tasks – onboarding data collection, compliance tasks, additional onboarding tasks, and exploring the onboarding guide – from one place with a single view. Available for new hires, rehires, internal hires, and employees with global assignments, this improved experience can save time for onboarding participants while helping to ensure productivity from the start.

The new onboarding journey experience. Click to enlarge.

And that’s only a fraction of all the innovations we’re bringing to customers in 1H 2024. There’s much more in the release, including new and exciting updates in:

  • Generative AI and Joule capabilities
  • SAP SuccessFactors Opportunity Marketplace
  • SAP SuccessFactors Compensation
  • SAP SuccessFactors Succession & Development
  • SAP SuccessFactors Incentive Management
  • SAP SuccessFactors Work Zone

Read the SAP SuccessFactors first half 2024 release highlights brochure and watch the 1H 2024 release highlights video to find out more.

Bianka Woelke is group vice president of Application Product Management at SAP.

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Categories: What's New

SAP Unveils AI-Driven Supply-Chain Innovations to Transform Manufacturing

SAP News - Mon, 04/22/2024 - 03:00

HANNOVER SAP SE (NYSE: SAP) today announced AI advancements in its supply chain solutions that will unleash a transformative wave of productivity, efficiency and precision in manufacturing. AI-driven insights from real-time data will help companies use their own data to make better decisions across supply chains, streamline product development and improve manufacturing efficiency.

SAP at Hannover Messe: Bring out new manufacturing excellence Learn how

“Businesses today are confronted with challenges ranging from supply chain disruptions and labor shortages to geopolitical uncertainties,” said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product Engineering. “SAP recognizes the imperative for agility and intelligence, driving innovation with AI-powered solutions to streamline supply chain and manufacturing processes. Companies can enhance operational efficiency and improve supply chain resiliency while delighting customers with superior service, paving the way for sustained growth and market competitiveness.”

Accurate and relevant real-time information helps mitigate the impact that supply-chain disruptions have on suppliers, manufacturers and distributors worldwide. SMA Solar Technology AG and other customers have already witnessed the benefits of SAP’s solutions, including an approximately 15% increase in supply chain workforce productivity, a 10% decrease in overall supply chain planning costs and a 10% reduction in inventory carrying costs and stock turnover rate.

“SMA Solar modernizes its manufacturing execution systems to support sustainable, risk-resilient manufacturing operations with the power of AI-enabled visual inspection in the SAP Digital Manufacturing solution,” said Heiko Kehm, SMA Solar head of IT Order to Cash.

Sixty-three percent of supply chain executives and 52% of operations executives have an AI strategy linked to business objectives, according to “The Importance of AI in Supply Chain and Operations,” a global 2024 IDC InfoBrief sponsored by SAP*. Fifty-one percent of the 2,000 survey respondents are embedding AI into supply chain planning business processes and key applications for real-time decision-making. Another 58% are using AI to increase operational efficiency and employee productivity.

Key improvements to SAP’s supply chain solutions to support customers’ AI-centric strategy include:

  • Optimizing decisions across the supply chain with AI-driven insights: Companies can now leverage higher volumes of machine data and integrate AI-driven visual inspection by computer into their production processes, enabling a remarkable increase in quality through automation.
  • Streamlining product development: Product developers can now use SAP’s AI copilot Joule to gather and enhance new product ideas quickly and effectively using natural language queries. Joule also helps tag product designs with business data, so they visually contextualize business-critical information.
  • Detecting equipment anomalies: Using AI, asset operators can proactively address potential breakdowns based on sensor data collected from smart devices and edge gateways. This new capacity utilizes the cutting-edge Cumulocity IoT platform from Software AG, which is planned to be embedded in the SAP Asset Performance Management application in Q3.
  • Improving field response: Customers can optimize driving routes and allocate job assignments efficiently with integrated real-time traffic data and machine-learning-trained models, which enable the right field service technicians to reach their destinations on time.

Find more details about the innovations SAP will show at Hannover Messe here.

Visit the SAP News Center. Follow SAP at @SAPNews.

*IDC InfoBrief, sponsored by SAP, The Importance of AI in Supply Chain and Operations, document #US52042224, April 2024.

About SAP

As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

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Categories: What's New

Building a Dynamic Organization with a Skills-Based Approach to Talent

SAP News - Fri, 04/19/2024 - 08:15

In today’s rapidly evolving business landscape, the success of organizations hinges on their ability to adapt to change and innovate constantly. One key factor that can help organizations stay agile and dynamic is their approach to talent management.

By shifting towards a skills-based approach to talent acquisition and development, companies can build a workforce that is not only capable of meeting current demands, but also equipped to navigate future challenges effectively. Here are three strategies for building a dynamic organization with a skills-based approach to talent.

1. Identify and Prioritize Critical Skills

The first step in implementing a skills-based approach is to identify the key skills that are crucial for the organization’s success. This involves analyzing the current and future needs of the business and understanding the skills that are in high demand in the market. By prioritizing these critical skills, organizations can focus their hiring efforts on candidates who possess or have the potential to develop these competencies.

With the SAP SuccessFactors talent intelligence hub, organizations can have the power and simplicity of a single skills model from recruiting, onboarding, learning, and development, all the way through to performance and succession. It helps to better understand, build, and leverage the skills of workforces. It can connect individual skills, attributes, strengths, and preferences to both people and experiences throughout SAP SuccessFactors solutions.

Build the skills you need with our unified talent management system Learn more

By creating a comprehensive overview of the skills available within the organization, managers can identify gaps and areas for improvement. This information can inform talent development initiatives, such as training programs or job rotations, to help employees acquire the necessary skills to excel in their roles. For example, within the talent intelligence hub there is a team growth portfolio view, which allows managers to quickly assess skill gaps and search for prioritized skills within their teams.

2. Foster a Culture of Continuous Learning

Building a dynamic organization requires a culture that supports continuous learning and skill development. Organizations can encourage employees to enhance their skills through internal training programs, mentorship opportunities, and access to external resources. By creating a learning environment where employees are motivated to upskill and reskill, organizations can ensure that their workforce remains adaptable and competitive in a rapidly changing market.

AI-enabled learning platforms can deliver personalized and adaptive training programs based on individual skill gaps and career aspirations. SAP SuccessFactors Learning with embedded AI can give organizations a wide range of capabilities that help enhance a learner’s experience with relevant recommendations that are unique to each learner and based on their needs and interests. In addition, SAP SuccessFactors Opportunity Marketplace has AI-driven recommendations to help match employees with assignments, career opportunities, mentors, and more. This solution considers not only qualifications but also skills, experiences, and preferences, so that organizations can ensure better talent alignment and engagement.

3. Embrace Flexibility and Adaptability

In a skills-based approach to talent management, organizations need to be flexible and adaptable in their recruitment and development practices. This means being open to hiring candidates with transferable skills and potential for growth, rather than focusing solely on specific job titles or qualifications. This can be made possible with technology that supports skills-based hiring.

With SAP SuccessFactors Recruiting, skills can be aligned to job requisitions and skills-based candidate evaluations. This can allow hiring managers to view rankings of candidates and determine the best candidate based on their skill proficiency. In addition, recruiters can leverage generative AI capabilities to help enhance job descriptions, including the proper skills and competences, which helps recruiters hire the best talent for a role. By embracing a more flexible approach to talent acquisition, organizations can build a diverse workforce with a wide range of skills and perspectives, driving innovation and creativity.

A skills-based approach to talent management can help organizations build a dynamic and resilient workforce that is equipped to thrive in today’s fast-paced business environment. By prioritizing critical skills, fostering a culture of continuous learning, and embracing flexibility in recruitment and development practices, organizations can create a competitive advantage through their most valuable asset – their people.

To learn more about how to build a dynamic organization with a skills-based approach to talent, register for this webinar on Thursday, April 25, at 1:00p.m. EST.

Christina Russo is a global director of Product Marketing at SAP SuccessFactors.

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Categories: What's New

AHA! Moments in D&I: Disability Inclusion with Disability:IN

SAP News - Thu, 04/18/2024 - 08:15

Jill Houghton, president of Disability:IN, the world’s leading nonprofit for business disability inclusion and equality, says leadership culture is key to disability inclusion.

In the latest episode of the AHA! Moments for Diversity & Inclusion video series, SAP Chief Diversity & Inclusion Officer Supriya Jha talks to Houghton about how her first job started a lifelong advocacy for people with disabilities and how accommodations can make all the difference.

Disability Inclusion: AHA! Moments in D&I

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Seventy percent of the world’s population – 1 billion people – has an invisible disability, including anxiety, depression, hearing issues, or autism, to name but a few. Houghton, who has a learning disability, is one of them.

Houghton was lucky; accommodations at school meant that she had the extra time needed to process information in exams. But when she took her law school entrance exams, her luck ran out. With no extra time or accommodation, she fell behind. This changed the trajectory of her life. Instead of legal studies, an internship followed. Instead of a career in law, her first job was in Indianapolis, Indiana, placing people born with disabilities into employment.

The AHA! Moment

During her time in Indianapolis, Houghton recalls one client in particular, Erica, and how the job for her “wasn’t just about a paycheck, but that it was about respect and it was about being included in her community and having friends.” And, says Houghton, it “was at that moment that I knew why I existed, and I never turned back.” She has been a disability inclusion activist ever since.

It’s time to run a world where our differences are celebrated, equity is fostered, and everyone belongs Learn more

As president of Disability:IN, Houghton has been a driving force in promoting disability inclusion in companies and with the Disability Equality Index (DEI), a tool for measuring and offering best practices for disability inclusion. The DEI analyzes disability inclusion practices and processes in leadership and culture, employment practices, community engagement, and supplier diversity. It also offers advice on how to better disability inclusion.

In 2023, more than 480 companies participated in the DEI, including 69 Fortune 100 companies with more than 14 million U.S.-based employees and nearly 9 million non-U.S.-based employees. SAP was awarded the top score in the 2023 DEI rankings.

Workplace Accommodations and Leadership Culture

Only 5% of employees with a disability choose to disclose, and SAP’s Jha was keen to get Houghton’s insights on how to create a culture where disabled employees feel that they can articulate their needs and reach their full potential.

Houghton says the solution is twofold. First, leaders must use their platforms to be a disability inclusion ally or have the cultural space to own their identity – disabled or not. And second, workplace accommodations must be the norm.

Processes for requesting accommodations must be transparent and easy to follow. Managers must clearly understand how to arrange accommodations and, more importantly, budget must be available. If these processes aren’t easy, there is a risk that talent will be lost and that disabled employees will not have a sense of belonging.

Avoiding Microaggressions and Discrimination

To avoid microaggressions and discrimination against disabled employees, Houghton advocates using the best resource possible – your own employees, in particular disability employee groups. At SAP, there are Employee Network Groups such as SAP HEAR and Friends and Enabled@SAP.

Disability is a true cross-collaborative task. After all, Houghton concludes, becoming disabled is the “one team that anybody can join at any time in their life.”

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Categories: What's New

Solutions from SAP and Icertis Empower Enterprises with Contract Intelligence Innovation

SAP News - Wed, 04/17/2024 - 08:15

Across all industries, today’s enterprises manage increasingly complex ecosystems of suppliers, partners, and customers globally. As this ecosystem expands, so does the number of business relationships – and contracts – that a company must manage.

Contracts govern every dollar in and out of the enterprise and provide a legal framework for ongoing business relationships. This makes contract data one of the most valuable assets to inform decision-making and accelerate strategic outcomes for enterprises.

According to World Commerce & Contracting estimates, poor contract management can cost companies nearly 9% of their bottom line, creating significant revenue leakage alongside the risk and compliance concerns that come with a lack of visibility into commercial agreements.

Streamline procurement with contract intelligence from Icertis and SAP Learn more

SAP understands the value of balancing risk and profitability in the contracting process. To complement our solutions and provide additional advanced contract management capabilities to our customers, we partner with Icertis in a joint development effort that includes technological integration between SAP and Icertis solutions. This innovation complements a full suite of integrations designed to help SAP customers turn contracts into strategic assets. It can enable global enterprises to realize the true intent of their commercial agreements while managing and automating core processes with their SAP solutions.

Introducing the Latest Version of Icertis Contract Intelligence for SAP S/4HANA

One outcome of our joint development efforts with Icertis is the latest version of Icertis Contract Intelligence for SAP S/4HANA (Buy Side), an SAP endorsed app available on SAP Store. Originally launched at SAP Sapphire in 2023, the solution integrates SAP S/4HANA and the Icertis contract lifecycle management (CLM) platform. It can empower procurement teams to realize more profitable and compliant sourcing processes by optimizing supplier relationships and accelerating source-to-pay cycle times.

The new iteration of Icertis Contract Intelligence for SAP S/4HANA takes the integration one step further, deepening the connection with SAP S/4HANA for enterprise contract management. This can enable greater efficiency and visibility along with the ability to create a legal transaction in SAP S/4HANA that can automatically initiate a contract in the Icertis solution. Through richer contract data pools and seamless connectivity across the agreement lifecycle, procurement decision-makers can track obligations after the contract is signed, discover clauses, and negotiate more beneficial commercial terms to mitigate revenue leakage and ultimately create cost savings for their enterprises.   

Expanding Our Partnership to Benefit SAP Customers

Icertis and SAP expanded their partnership in 2022 and have continued to provide automation and analytics at scale by connecting AI and data that represents every business transaction within ERP, finance, procurement, sales, and HR solutions from SAP. Additional SAP endorsed apps available on SAP Store include Icertis Contract Intelligence for SAP Ariba, Icertis Contract Intelligence for SAP Fieldglass, and Icertis Contract Intelligence for SAP CPQ with SAP S/4HANA (Sell Side). Each solution is designed to provide enterprise leaders with a deeper understanding of what’s driving their business, as well as powerful new levers to steer future success.

To learn more about the transformative capabilities of SAP S/4HANA with Icertis Contract Intelligence, listen to this on-demand SAPInsider webinar.

Priya Wenzel is vice president and global head of Partner Ecosystem Success for Digital Supply Chain and Intelligent Spend & Business Network Solutions at SAP.

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Categories: What's New

Partnerships Help Customers Successfully Navigate a Data-Driven World

SAP News - Wed, 04/17/2024 - 07:15

In the modern business environment, the critical need to effectively harness data is undeniable. Companies that fail to become data-driven risk falling behind in a world where agility and informed decision-making are paramount. In the recent SAP Data Unleashed event we explored strategies to help organizations access data from any source, transform planning and analysis with a business data fabric, and foster trusted artificial intelligence (AI) across their businesses. Central to this transformation are SAP partners.

For decades, our partners have leveraged their industry expertise and technological know-how to bring immense value to companies of all sizes. They possess a rare fusion of deep industry insights and technological expertise, which they leverage to guide businesses through the delicate process of modernization while ensuring that the essence of their identity remains intact.

We recently asked several of our strategic SAP partners how they’re helping customers take better advantage of their organization’s data. Our partners have observed a significant shift in the way data is perceived and utilized. It’s no longer just a byproduct of business operations but a core asset that, when effectively distributed and made accessible, can revolutionize customer experiences and enable a more strategic, company-wide approach to decision-making.

SAP Partners Bring Out Your Best as a Data-Driven Organization

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However, the mere availability of data is not a panacea. The crux of the matter is transforming data into actionable insights. This is where our partners excel, mapping out advanced use cases and facilitating the transition to cutting-edge platforms like SAP Datasphere and SAP Analytics Cloud. These solutions can empower organizations to evolve into entities where data is not just present but central to every action and decision.

The practical implications of data are vast and deeply rooted in the operational successes of our clients. AI, for instance, is a frontier rich with potential, but its success is inextricably linked to the quality and accessibility of data. Recognizing this, SAP partners are investing in building AI capabilities that can not only propel new business functions but also deliver substantial value.

Another key area of focus for our partners is the concept of a business data fabric, which is critical in developing a flexible enterprise architecture. Such an architecture allows for co-innovation and customization of solutions, ensuring that data is not just an afterthought but a driving force in business operations.

The journey toward a data- and AI-centric business model is an ongoing one, marked by evolving needs, emerging challenges, and a relentless pursuit of innovation. The ultimate aim is to convert potential into lasting business success.

The essence of our relationship with our partners is rooted in a shared vision. We are united in our pursuit of discovery, innovation, and improvement as we navigate the future together. Be sure to watch the videos with our seven strategic partners and discover how the SAP partner ecosystem can help your company become a data-driven organization.

Karl Fahrbach is chief partner officer at SAP.

SAP partners are helping their clients solve critical business challenges Discover how
Categories: What's New

RISE with SAP: Add-On Packages Help Businesses Transform Finance and Supply Chain

SAP News - Tue, 04/16/2024 - 09:15

Continuously advancing and amplifying the value of ERP, SAP offers a dynamic portfolio of flagship solutions that meet the evolving needs of organizations worldwide. The RISE with SAP offering continues this multi-decade legacy, guiding customers throughout their transformative journey to our modular cloud ERP – SAP S/4HANA Cloud Private Edition – with steadfast support and continuous innovation. 

With the introduction of RISE with SAP add-on packages for critical lines of business, customers using RISE with SAP can reap significant value from their cloud ERP investment. Each targeted package augments the complete offering of cloud solutions, infrastructure, and services, creating a strategic arsenal for addressing uniquely nuanced challenges and opportunities. 

The first two sets of packages that are now available focus on the needs of finance and supply chain organizations. To advance critical functions from digital banking and treasury and risk management to product lifecycle management and logistics, these packages are designed to be versatile allies in the quest for greater efficiency, sustainability, and growth. 

Strengthening Financial Empowerment for Business Growth 

Financial management stands as a critical pillar for business growth. Within RISE with SAP, its impact can be heightened with add-on packages finely tuned for the office of the CFO. 

Digital Banking: Simplify connections with customers, banks, and payment service providers while meeting the highest security standards.

The digital banking package streamlines financial transactions and helps ensure a comprehensive and secure banking interface, supporting payment processes integrated with SAP S/4HANA Cloud Private Edition. Read the blog for more details.

Treasury and Risk Management: Invest, borrow, and hedge exposures more confidently with a comprehensive solution for centralized treasury and risk management.

Through the RISE with SAP advanced treasury and risk management package, smooth integration with trading platforms allows finance organizations to streamline, automate, and unify trading activities and make more strategic decisions with real-time and predictive cash insights. Read the blog for more details.

Financial Three Lines of Defense: Let standardization and automation take center stage to address key activities in enterprise risk management, regulatory compliance, and audit processes.

The three lines of defense package empowers finance professionals to anticipate and respond to potential economic risks, identify and resolve issues faster, and gain near-real-time visibility into their company’s compliance status and control effectiveness. Read the blog for more details.

Billing and Revenue Innovation Management: Accelerate the monetization of innovative business models and billing processes for bundled-usage services, products, projects, and recurring services billed on a single invoice.

Using the billing and revenue innovation management package helps establish the foundation for supporting subscription order management, convergent charging and invoices, and contract accounting. It also facilitates incentives and revenue shares for business partners with high-volume customer billings. Read the blog for more details.

Building Resilient Bonds Across the Supply Chain 

Companies that connect their processes, contextualize their decisions, and collaborate with each supplier, partner, and stakeholder are well-positioned to run risk-resilient and sustainable supply chains. RISE with SAP brings this competitive edge by setting the proper foundation with the following add-on packages.

Advanced Product Lifecycle Management: Empower your development organization with the best capabilities for collaboration, visualization, requirements definition and specification, and change management.

The RISE with SAP advanced product lifecycle management (PLM) package equips product-centric companies with solutions that keep information flowing across each PLM activity and engage suppliers through digital networks. In return, design decisions are made more accurately, and delays give way to accelerated time to market. Read the blog for more details.

Advanced Supply Chain Planning: Build an agile, intelligent, and risk-resilient supply chain.

With the RISE with SAP advanced supply chain planning package, supply chain organizations can automate and tightly coordinate their planning processes, leverage AI-driven intelligence and planning capabilities, and identify disruptions and shortages early to respond faster and more effectively. Read the blog for more details.

Advanced Logistics: Increase resilience against constant change and deliver as promised at the right time – every time.

Through the RISE with SAP advanced logistics package, supply chain organizations gain best-practice logistics capabilities in warehousing, transportation, robotics, and yard management to reduce costs, avoid stock-outs, and improve order accuracy and on-time delivery. Read the blog for more details.

Advanced Manufacturing: Drive productivity safely and sustainably with intelligent manufacturing planning and execution.

The RISE with SAP advanced manufacturing package assists supply chain organizations in meeting demand with automated, flexible manufacturing processes that support risk-resilient operations and improve sustainability performance. Read the blog for more details.

Advanced Asset and Service Management: Enter a new world of optimized, AI-powered maintenance and service capabilities.

The RISE with SAP advanced asset and service management package opens the door to innovative technologies that maximize asset performance, reduce maintenance costs, and deliver service excellence. This approach allows asset owners and service providers to handle everything from asset strategy and planning to maintenance scheduling and field service management on mobile devices. Read the blog for more details.

Navigating the Future with Digital Synergy 

The RISE with SAP offering is not only emerging as an enabler for migrating on-premises ERP systems to SAP S/4HANA Cloud Private Edition; it’s also a transformative force shaping the future of businesses.

And with the addition of add-on packages meticulously crafted for finance and supply chain challenges, the offering stands to become a strategic partner, propelling SAP customers into a new era of efficiency, resilience, and sustained growth.

Eric van Rossum is chief marketing and solutions officer for Cloud ERP at SAP.

RISE with SAP add-on packages can help transform your business at your preferred pace and timeline Get started
Categories: What's New

GROW with SAP: Add-On Packages Expand the Value of Cloud ERP for Growing Businesses

SAP News - Tue, 04/16/2024 - 08:15

Fast-growing organizations are increasingly turning to cloud ERP, such as SAP S/4HANA Cloud Public Edition, as a strategic investment for long-term business success. These businesses stand to benefit from the technology’s ability to simplify everyday work, steer regulatory compliance, and help optimize the workforce — all supported by continuous innovation and steadfast guidance.

SAP is pleased to introduce add-on packages for the GROW with SAP offering, which are uniquely tailored to the needs of finance and HR functions. These packages integrate the latest cloud solutions, infrastructure, and services into a strategic toolkit, addressing the challenges and opportunities growing companies face. 

The add-on packages provide a dependable, company-wide view that strengthens financial and HR management practices as strategic pillars for growth. In return, businesses can operate more efficiently, sustainably, and effectively — even when expanding their operations. 

Here is a summary of our new add-on packages.

Digital Banking Package for GROW with SAP

Connect your banks, financial institutions, and payment service providers directly to SAP S/4HANA Cloud Public Edition through a single, centralized platform: The digital banking package provides a multi-bank, digital channel between ERP systems and banks with optional embedded SWIFT connectivity. Integrated payment and statement processes are also available, bringing more comprehensive visibility across the payment value chain. 

With the digital banking package, businesses gain critical capabilities; for example:

  • Smooth connectivity to financial and payment services to accelerate the onboarding of providers and strengthen compliance with PCI DSS standards  
  • A cloud service for processing incoming credit cards, incoming and outgoing payments, and API-based instance balances 
  • Reduction in cash reconciliation efforts while optimizing IT costs and increasing flexibility when choosing providers

Read the blog for more details .

GROW with SAP Advanced Treasury and Risk Management Package    

Invest confidently and mitigate financial risks while doing more with fewer resources: The GROW with SAP advanced treasury and risk management package gives treasurers the comprehensive solution they need to capture exposure data, classify and qualify risks, and trigger trade actions. Predefined connectivity and integration capabilities are available as well, connecting businesses to trading platforms and providers and supporting cash, investment, and risk processes in SAP S/4HANA Cloud Public Edition.   

The package includes proven solutions, such as:    

  • Financial risk management 
  • Debt and investment management  
  • Advanced treasury analytics and executive dashboards 
  • Hedge management and hedge accounting in compliance with IFRS and U.S. GAAP requirements  
  • Smart trading using SAP Business Technology Platform and smooth integration with an external trading platform

Read the blog for more details.

GROW with SAP Advanced Compliance Automation Package

Address evolving regulatory and industry compliance requirements with greater ease and confidence: The GROW with SAP advanced compliance automation package empowers finance teams to transform and standardize their processes globally while adhering to local standards efficiently. Furthermore, the package helps meet e-invoicing mandates while keeping order-to-cash processes efficient and internal controls adequate. 

The advanced compliance automation package features proven compliance offerings, including:

  • SAP Document and Reporting Compliance solution to fulfill local compliance mandates and automate compliance processes
  • SAP Risk and Assurance Management application to centrally manage internal controls over financial reporting, improving performance and protecting core data and processes

Read the blog for more details.

GROW with SAP, Core HR Add-On 

Drive continuous alignment between HR and finance to achieve better business outcomes: The GROW with SAP core HR add-on provides a modern cloud-based core HR system that serves as the source of people data in SAP S/4HANA Cloud Public Edition. It contains the SAP SuccessFactors Employee Central solution, allowing organizations to use a common data model for HR and finance.   

The core HR add-on helps businesses realize key benefits, such as:   

  • Improve people and financial data quality with pre-delivered integration
  • Drive more effective workforce planning with holistic real-time insights
  • Embrace the latest innovations, such as AI, with a single cloud platform
  • Engage users with consistent experiences across HR and finance applications
  • Get up and running quickly with pre-configured processes and best practices

Read the blog for more details.

Business Growth with the Best of Finance and HR

Add-on packages for GROW with SAP provide fast-growing organizations with the tools they need to not only enhance their finance and HR operations, but also lay a solid foundation for future success. They can navigate an increasingly complex and competitive landscape with the insight and power to confidently embrace change, fuel innovation, and achieve ongoing growth in an ever-evolving economy.  

Eric van Rossum is chief marketing and solutions officer for Cloud ERP at SAP.

The add-on packages for GROW with SAP can help transform your business at your preferred pace and timeline Explore your options
Categories: What's New

SAP Digital Hub Innovations Win Silver and Bronze at 2024 Stevie® Awards

SAP News - Tue, 04/16/2024 - 07:15

Three of the more than 40 predominantly AI-based tools that SAP digital hubs use to serve large numbers of customers through insights-driven and robust self-service capabilities won silver and bronze at the 2024 Stevie Awards for Sales & Customer Service.

Enterprise GPT and digital launchpad, powered by Joule, won silver in the Best Use of Technology in Sales category, while SAP Digital Value Discovery won bronze for Value-Based Selling Techniques.

Courtesy of The Stevie Awards.

Digital customer engagement at SAP is executed via digital hubs located at 15 locations across six continents. The hubs are home to more than 1,000 digitally skilled, multi-disciplinary teams that innovate with and apply AI capabilities to serve personalized and immersive engagements, whenever and wherever needed.

“SAP digital hubs were able to support more than 22,000 customer engagements last year – primarily virtually – thanks to a plethora of AI tools we adopt internally to drive wider customer coverage and faster execution of digital customer engagements,” explains Sam Masri, global head of Digital for Customer Success at SAP.

“We are scaling and expanding our digital customer engagement capabilities to every customer-facing role and function in SAP, ensuring everyone uses multiple AI tools to outsource administrative, repetitive, and manual activities to AI,” he elaborates. “This way, we have more capacity to focus on strategic activities that address customer needs and increase customer satisfaction. We engage with SAP customers of all sizes and industries at a pace that matches their pressing business requirements, accelerating business outcomes they get from our cloud solutions.”

The Stevie Awards encompass several of the world’s leading business award programs, including the prestigious American Business Awards® and International Business Awards®. More than 2,300 nominations from organizations of all sizes across all industries from 47 nations and territories were evaluated in this year’s competition. Finalists were determined by the average scores of more than 200 professionals worldwide.

Put customers at the center of your business with connected data and AI-fueled insights Explore the SAP Customer Experience portfolio
Categories: What's New

Addressing the Supply Chain Logistics Challenges Arising from the Events in Baltimore

SAP News - Mon, 04/15/2024 - 09:15

A small, round incident indicator hovers over the map of outer Baltimore Harbor in the virtual logistics situation room. That indicator corresponds with an alert reading “Risk Score: ! 17,” which warns of a high-risk event disrupting transportation.

On another day, this would be one of many alerts that supply chain logistics professionals see from SAP Business Network’s logistics collaboration solutions. Unfortunately, on this day there is more to the story than the indicator on the map can tell us.

SAP Business Network, intelligent insights add-on logistics situation room visualization shows a shipping risk for the Port of Baltimore on March 26, 2024. Click to enlarge.

By now, we’ve all seen photos and videos of the cargo ship Dali striking the Francis Scott Key Bridge, causing a section to collapse into the Patapsco River in Baltimore’s outer harbor on Tuesday, March 26. They tell the story on a human level.

This event was a terrible tragedy where people lost loved ones. We are also mindful of the thousands of people whose livelihoods have been affected and of the impact this tragedy will have on the City of Baltimore and surrounding areas for years to come. It is a reminder that transportation logistics is not just a routine process of moving goods from point A to point B. It’s high stakes, dangerous work that we depend on to keep the world’s economic engine running.

Recovering from the Disruption: Three Scenarios

Another reality to the tragedy is that even as events were unfolding in Baltimore, supply chain and logistics professionals were compelled to act quickly to address a shockwave of related disruptions. As one of my colleagues noted, “Globally, companies immediately devoted extra resources to determine what inventory they have at the Port of Baltimore, what’s on the water headed there, and what’s leaving their factories that can be rerouted.” Buying organizations looked closely at inbound shipments, while their suppliers were checking how the disruption would impact outbound deliveries.

Increasingly today, buyers and suppliers rely on technology to gain visibility into the global supply chain. This makes it possible to track shipments, reroute them as needed, or take other remedial action. To explain this further, I’d like to address three port disruption scenarios and how suppliers and buyers can use SAP solutions, including SAP Business Network Global Track and Trace, SAP Business Network Freight Collaboration, and SAP Transportation Management, to recover and be more resilient through adversity.

1. Identifying and Tracking Outbound Shipments Impacted by a Port Closure

When a port is closed, especially unexpectedly, suppliers immediately turn their attention to outbound shipments and their committed delivery dates. Through logistics collaboration on SAP Business Network, suppliers and shippers can receive alerts about high-risk events affecting their shipments. They can also get alerts about deviations from planned or expected estimated deliveries. SAP solutions can generate these alerts based on global risk data from services like Everstream and from global positioning and event data from carriers and logistics visibility service providers.

Gain supply and delivery assurance by tracking orders and shipments in real time Explore SAP Business Network

However, knowing about delays is only one part of a business plan for supply chain resilience. To respond effectively, shippers also need to know the business impact. Which deliveries are impacted? Which customers? SAP Business Network Global Track and Trace helps keep global logistics visibility in the context of the business. This can enable shippers to identify and contact affected customers and prepare a recovery plan.

Similarly, buyers using SAP solutions can track inbound shipments. They can see how changes to the delivery date of a purchase order or stock transfer order will impact their inventory levels and production plans. This helps them avoid stock-outs and production delays that can ripple through the supply chain to their customers.

2. Adjusting for Shipments That Are Routed Away from a Closed Port

When a port is closed by a disruption, shipments headed there must be rerouted to another port. In many instances, new arrangements must be made for ground transportation from that port.

With SAP Business Network Global Track and Trace, shippers can see that the ocean vessel carrying their shipment has been rerouted. Then, they can use SAP Business Network Freight Collaboration to cancel ground transport out of the closed port and tender an order from the new port to the desired destination.

3. What About Shipments Stuck at a Port Suddenly Closed by Disruption?

If a port is suddenly closed, containers will remain piled up at the port, waiting either for pickup by another ocean vessel or for urgent ground transport to another hub. When a port is closed for an extended period, shippers must make alternative plans.

To do this efficiently and effectively, shippers can use SAP Transportation Management. The application helps them develop new plans to move their goods through new routes or with new carriers. This can include everything from load planning and balancing to leveraging new lanes and delivery methods.

Then, with a new plan in place, shippers can use SAP Business Network Freight Collaboration to collaborate digitally with carriers to execute the plan.

Anticipating and Avoiding Future Disruptions

Using technology to react to a supply chain disruption is not new. Inventory and production planning solutions have long helped businesses adjust when supply is affected. However, it may be even more important to understand how technology enables organizations to anticipate and even avoid disruption before it impacts their supply chain. This is the essence of logistics visibility.

Recovery and Resilience

Unexpected tragedies like the one in Baltimore Harbor are never easy on the many people impacted personally and professionally. As its effects ripple out across the world, we are reminded of the power of resilience. Building resilience is an axiom of supply chain management. Unfortunately, the collapse of the Francis Scott Key Bridge is yet another resilience test for the world’s supply chains.

In the end, I believe the people of Baltimore and surrounding communities will show us what resilience really means. I also know that as recovery is achieved, supply chain practitioners around the world will do what it takes to make safety a top priority as they deliver what is needed to keep world economies running.

Doug DeLuca is an SAP Business Network product marketing manager.

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Enhancing Support Experiences with Support Accreditation

SAP News - Mon, 04/15/2024 - 08:15

The Support Accreditation course offered by SAP plays a vital role in educating partners, customers, and internal employees about SAP’s support services. In this interview, Simone Engelhard, SVP and head of Customer Engagement Support for Customer Services & Delivery at SAP, discusses the importance of support channels, the 24/7 support structure, service continuity, and best practices for interacting effectively with SAP support teams.

Feedback from participants highlights the training’s success in improving the understanding and utilization of support services. Ongoing updates help ensure the course remains relevant amidst evolving technology and business landscapes, with future developments likely to incorporate advancements in artificial intelligence (AI) and machine learning tools for support services.

Q: Can you provide an overview of the Support Accreditation training and its significance for anyone engaging with SAP’s support processes?

Engelhard: The Support Accreditation is a vital learning tool for our partners and customers as well as for our employees. It’s an informative course that can familiarize participants with SAP support services and help maximize their support experience. This is a unique opportunity to understand all the tools and resources available when interacting with SAP support and to learn efficient ways of engaging with our teams and resolving issues.

In situations of urgency or escalation, customers might try to contact someone at SAP they personally know rather than follow the regular process. How does Support Accreditation address such situations and educate participants on the importance of following the proper channels?

That’s a great point. In urgent or escalated situations, individuals might feel tempted to bypass the usual channels and seek immediate remedies. However, these uninformed measures can result in delays. The Support Accreditation course emphasizes following the correct SAP support processes, which can ensure their issues are routed to the appropriately skilled support teams, leading to more efficient problem resolution.

Can you shed light on how the Support Accreditation training details the importance of our 24/7 support structure and how customers and partners can take advantage of it?

The course thoroughly details our 24/7 support structure. We work to ensure that participants understand how, no matter their time zone, they can harness this around-the-clock support. It’s about making sure that our customers and partners know that they always have the backing of SAP, no matter when an issue arises.

Get started with support from SAP Explore the Support Accreditation course

How can customers and partners ensure that their issues are addressed efficiently even when their primary contacts at SAP are out of office?

We indeed cover this crucial aspect. The training delves into detail about the Customer Support organization, which aims to ensure service continuity even if specific account contacts at SAP are unavailable. Our course participants are made aware of the various support structures in place to assist them.

The Support Accreditation training also covers the etiquette and best practices for interacting with SAP support. Can you talk more about this and why it’s important?

Interacting with support teams forms a large part of managing SAP services, so etiquette and best practices in this area are covered in our course. We guide learners on the most effective ways to communicate with our teams, provide necessary information, and follow prescribed processes for optimal support assistance.

Do you have any insights related to the feedback from Support Accreditation participants? How has the course improved their understanding and utilization of our support services?

Feedback from Support Accreditation participants has been overwhelmingly positive. Our learners report significantly improved knowledge about SAP support services and tools, and they’ve been successful in applying this knowledge to engage more effectively with SAP support. This has resulted in smoother, quicker issue resolutions, translating to improved satisfaction and service experiences.

With technology and business requirements evolving, how will the Support Accreditation course adapt to these changes? What future developments can participants expect?

The course isn’t static; it evolves with the technology landscape and business requirements. We continually update it to include new tools, offerings, or changes to existing processes. This helps ensure that the Support Accreditation training remains up-to-date and continues to be a valuable resource for our customers and partners. Future developments will certainly involve advancements in AI and machine learning tools in support services, so participants can be well prepared for the future of support services.

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SAP Named a Leader in the 2024 Gartner® Magic Quadrant™ for Transportation Management Systems

SAP News - Mon, 04/15/2024 - 07:15

For the 10th consecutive year, SAP has been named as a Leader in the 2024 Gartner Magic Quadrant for Transportation Management Systems.

SAP is positioned in the Leaders Quadrant based on our Ability to Execute and for the Completeness of our Vision.

We believe that this recognition confirms our strategy in Logistics, which is based on three pillars:

  • Connecting every process and providing synchronized logistics execution to support highly efficient and fast paced fulfillment cycles
  • Collaborating with a single network of carriers, digital forwarders, and visibility providers to spot risks and avoid disruptions and thereby provide best-in-class delivery experience
  • Contextualizing every decision, leveraging artificial intelligence (AI) and machine learning to optimize operations and to provide business insights

SAP Transportation Management is an integral part of the overall SAP strategy and gives companies the ability to manage their end-to-end transportation processes from procurement through planning and execution to freight settlement with analytics to support each step.

We continue to innovate in SAP Transportation Management based on our market analysis and even more importantly based on feedback from our global install base and ecosystem. Recent innovations include advancements in areas like sustainability, planning and optimization, supply chain execution, and generative AI.

SAP Transportation Management and SAP Business Network for Logistics enable logistics partners to collaborate with each other and provide visibility to all stakeholders throughout the shipment lifecycle and help manage risks as they arise through intelligent insights. We continue to grow SAP Business Network, adding more carriers and additional networks to provide expanded coverage around the world and across all transportation modes. 

As more customers evaluate SAP Transportation Management, we continue to strategically expand our partner network to ensure our customers have access to an ecosystem that supports their operations no matter where they are in the world or how they move their freight. Our global partner network made up of systems integrators, business consultants, and technology providers help our customers manage their transportation transformations, whether they be system replacements, upgrades, greenfield deployments, or part of larger enterprise transformations. 

“Our customers use SAP Transportation Management and SAP Business Network for Logistics to manage transportation operations in more than 20 industries and in every corner of the world,” said Till Dengel, global head of Logistics and Manufacturing Product Marketing at SAP. “Because we look at logistics holistically, clients can confidently confirm their orders, knowing that fulfillment can be executed as promised, since ERP, warehousing, and transportation are always in sync.”

“Adopting logistics solutions from SAP across our facilities in all our markets allowed us to optimize freight transportation,” said Carlo Noè, Global Process and Applications Manager for Trade, Transport, and Logistics Division at Hitachi Energy Ltd. “We can interact with our stakeholders and carriers in a digital way, helping us manage supply chain risk, enhance agility, and build supply chain resilience.”

For more details on the latest Gartner Magic Quadrant for TMS read the Gartner Reprint here.

Bill King is senior product marketing manager for Logistics at SAP.

SAP Transportation Management: Reduce complexity, increase efficiency, and improve agility for a more sustainable, risk-resilient supply chain Learn more

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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SAP to Release First Quarter 2024 Results

SAP News - Wed, 04/10/2024 - 09:10

WALLDORFSAP SE (NYSE: SAP) will release its full results for the first quarter of 2024 on Monday, April 22, at 10:05 p.m. CEST/ 4:05 p.m. EDT.

SAP CEO Christian Klein as well as CFO Dominik Asam will host a virtual analyst conference to present first quarter financial figures, as well as an outlook on the current financial year.

Media representatives may listen in on the virtual analyst conference via Webcast on April 22 at 11:00 p.m. CEST/ 5:00 p.m. EDT, accessible at broadcast.sap.com/go/QReport.

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