VIENNA — SAP SE (NYSE: SAP) today announced new innovations in business AI and user experience across its comprehensive portfolio expense management And business network solutions to help customers control costs, mitigate risks and increase productivity. The announcements were made at SAP Spend Connect Live event, the industry’s first spend management conference, October 9-11 in Vienna.
SAP continues to innovate with generative AI and its new co-pilot Joule
The new one released SAP Ariba Category Management Solution will be enhanced with the power of generative AI to help procurement professionals develop comprehensive and effective category strategies faster. This feature will help jump-start the market analysis process and provide suggested category strategy for purchasing professionals to refine and execute, saving category managers valuable time and increasing validity of strategy. General availability is planned by the end of 2023. SAP will also integrate Jouleits new generative AI co-pilot, in its cloud solutions, with availability in its expense management software planned for 2024. SAP is also developing additional use cases in collaboration with customers, with availability planned for the first half of 2024. “These are just a few examples of how we thoughtfully integrate generative AI technology with our market-leading spend management solutions to help our customers to be more productive,” said Muhammad Alam, president and chief product officer, Intelligent Spend and Business Network, SAP. “As with all SAP Business AI solutions, we are developing these new spend management AI innovations with security, privacy, compliance, ethics and accuracy in mind. »
SAP Spend Control Tower to Deliver Comprehensive Spend Analytics Capabilities
The new SAP Spend Control Tower solution will include advanced AI capabilities and the ability to visualize all spend to help customers uncover cost reduction opportunities and uncover process improvements. These capabilities will be available starting in the first quarter of 2024. The new dashboards in SAP Ariba Sourcing and SAP Ariba Buying solutions also provide customers with near real-time insights into key process workflows, enabling procurement professionals to make informed and timely decisions. the decisions. These features are available today and are based on a new architecture that forms the basis for future innovation.
AI-powered risk assessment integrated into Source-to-Settle solutions
SAP has integrated AI-driven supplier risk assessment capabilities into its source-to-sett software to help business users make smarter decisions faster. The new features make risk assessment profiles an integral part of sourcing, contracting and purchasing solutions, helping users better determine third-party risks. Supplier risk assessment capabilities are available today in SAP Ariba Sourcing, SAP Ariba Contracts, and SAP Ariba Buying solutions.
Scoutbee’s AI-powered supplier discovery integrates with Guided Sourcing
SAP and scout bee GmbH, a leading AI-based supplier discovery and intelligence platform company, plans to integrate an AI-based supplier discovery solution with SAP Ariba Sourcing solution. The solution, called Scoutbee Discovery, quickly identifies suppliers aligned with complex requirements, such as production capacity, quality standards and certifications. Through the integration, pre-qualified suppliers will be automatically imported into guided sourcing events, allowing sourcing professionals to make decisions with confidence. The integration will be available in the first quarter of 2024. Scoutbee Discovery complements the capabilities of the SAP Business Network Discovery solution to help sourcing professionals quickly find new suppliers that match their requirements but are outside the network.
Expense Payment Manager saves time and money
SAP Concur solutions now offer a new Expense Payment Manager service that provides customers with the ability to reimburse employees in more than 25 currencies. A streamlined payment process saves hours, money and headaches in the expense reimbursement process. Contracting directly with third-party payment providers increases flexibility. Expense Payment Manager, which also gives customers the option to select their payment provider, is now available to everyone.
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