The world’s largest business network is created by SAP Technocrat

The SAP SAPPHIRE NOW 2021 The new developments unveiled at its opening event serve the needs of both small and large customers and blur the boundaries between physical and digital channels, frontend and back-end systems. Integrated solutions include more and more custom intelligence and no customization options that require no coding. The conference is June 7-10. will continue with industry programs, where SAP will present its latest developments and the best practices of the companies that rely on them, broken down by sector.

SAP flashed a bold vision at its global conference. For the future business environment outlined by the presenters, SAP aims to create new business communities that will help businesses better navigate changing economic and geopolitical conditions, improve their business results, and at the same time contribute more to sustainability goals.

As a first step in this, SAP announced the creation of the world’s largest business network, the Ariba® Network, az SAP Logistics Business Network and that SAP Asset Intelligence Network by merging. The resulting SAP® Business Network together, more than 5.5 million business organizations can benefit from mutual assignments, a common knowledge base, and shared resources.

“This unprecedented year has highlighted the strength and paramount importance of communities”

– said Christian Klein, CEO and Member of the Board of SAP SE.

“As in our private lives, interconnected networks are playing an increasingly important role in the business sector.”

The company’s CEO explained the need to create a new global business network. Members of the newly announced SAP Business Network will have access to a single, unified portal that provides a comprehensive view of their supply chain ecosystem, the management, maintenance and operation of their assets, and the tracking of their logistics processes. In addition, customers can enjoy a new portfolio of sustainability-specific business applications that deliver unprecedented transparency and measurement capabilities throughout the supply chain.

At the time of the pandemic, the most resilient companies were those who took advantage of the opportunities offered by technology to transform their business processes. Those who just switched to cloud-based infrastructure, however, did not rethink their business processes, they could only achieve partial results. That’s why he launched it in January this year RISE with SAP initiative by the company to help companies holistically transform and digitize their core business processes. Building on the successes, the company is now expanding its program and RISE with SAP for Industries It offers a cloud solution tailored to five industries – retail, consumer products, automotive, utilities and mechanical engineering – in the future.

“SAP’s latest innovations and global industry experience are a fundamental point of reference for Hungarian companies in the changing business environment. With the holistic approach of RISE with SAP, we can guarantee the possibility of continuous transformation instead of a simple technical migration, ensuring the maximum flexibility provided by cloud technology. I am convinced that the fact that we can already offer “business transformation as a service” together with special solutions tailored to the needs of the industry will further strengthen the interest in the domestic market as well ”

– added Szabolcs Pintér, Managing Director of SAP Hungary.

Sustainability coded into business processes

Despite a brief decline in carbon emissions over the past year, humanity is expected to produce the second largest increase in emissions in history this year. At the conference, the company leader drew attention to the fact that sustainability is as important to business success as revenue and profit, and this is the decade when companies need to act. This is why SAP’s declared goal is to make climate protection efforts measurable, to highlight the added value of diversity, inclusion, and ethical responsibility.

In order for these goals and sustainability to be automatically integrated into core business processes, SAP announced a portfolio of new sustainability-specific products. This includes the SAP Responsible Design and Productionwhich supports product designers to make sustainable decisions from initial product concepts to production. Az SAP Product Footprint Management solution contributes to the monitoring of sustainability throughout the product life cycle; and that SAP Sustainability Control Tower and the development called full transparency guarantees companies.

The company has also announced a number of new developments to help customers transform business processes and deliver the best performance. The most important of these innovations are:

A business process intelligence (BPI) as a new portfolio item SAP Process Insights enables organizations to analyze, simplify, and improve their business processes. SAP Process Insights first reviews the customer’s existing business processes and then allows customers to simulate and implement changes based on industry benchmarks. In this, SAP’s strategic partners are EY, Deloitte and Infosys.

The SAP Concur new feature, Verify simplifies the auditing of expense accounts through artificial intelligence and machine learning, automatically identifying potential expense accounting problems and anomalies. The AI ​​models were built by analyzing more than $ 1 trillion in spending and tens of millions in bills. The audit automatically approves the faultless and marks the faulty cost statements. This way, auditors do not have to waste time reviewing appropriate cost reports and can more easily detect compliance or fraud issues.

The SAP Upscale Commerce a user-level customizable online commerce solution that requires no coding capability, allowing retailers to create a multi-channel customer platform in minutes. With built-in AI, retailers can provide personalized offers to customers by reviewing all available information about customer purchases and shipping history through any channel. Upscale Commerce is SAP S/4HANA®with an integrated solution to work with logistics and financial systems to ensure a seamless customer experience.

SAP integrates the SAP Analytics Cloudwith SAP SuccessFactors, which brings new data – based solutions to companies for operational workforce planning and analysis. By combining operational, financial and human resources data, organizations can gain a more comprehensive view of the workforce. The SAP Data Warehouse Cloud new data market it allows customers and partners to connect with data providers across industries and business lines and gain insight for informed decision making.

SAP is also expanding its low-code / no-code offering: az SAP Intelligent Robotic Process Automation module is now able to capture and automate user interactions and can be integrated with SAP Process Insights to identify high-impact automation capabilities.

For more innovations and other innovation news on the SAP Business Technology Platform, visit: SAPPHIRE NOW Innovation News Guide.

Source: technokrata by

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