Join us for our product update session for major features delivered in Q1 2024 in SAP Datasphere.
The session will cover the following topics:
– General Product Updates
– Updates in Data Integration and Data Modeling
– Updates in CLI and Security
– Updates on Business Content
– Outlook
Key Moments:
00:35 Agenda Overview
01:04 General Product Updates
01:57 Updates in Data Integration
27:40 Updates in Data Modeling
45:27 Updates in Updates in CLI and Security
52:17 Updates on Business Content
57:07 Outlook
You can download the slide deck here: https://sap.to/6055wodpS and also register for future sessions.
To learn more about SAP Datasphere, visit: https://sap.to/6056wodps
Join our SAP Datasphere community to always stay up to date: https://sap.to/6057wodpt
WALLDORF — SAP 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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BYK is a leading global supplier of specialty chemicals. The company’s innovative additives and differentiated solutions optimize product and material properties as well as production and application processes. Amongst other products, BYK’s high-performance additives improve scratch resistance and surface gloss, the mechanical strength or flow behavior of materials, and properties such as UV and light stability or flame retardancy. BYK also produces measuring and testing instruments that serve to effectively assess appearance and physical properties.
To better react to market changes and expand its competitive edge, BYK saw the need to select and implement a new supply chain demand planning system.
Integrated Approach to Address Demand Planning Processes Holistically
The company was challenged with inefficient, diversified, and isolated supply chain demand planning processes on disparate legacy planning systems that impeded forecast accuracy. Therefore, the goal was to enhance data and process transparency and establish one source of truth for sales, operations, and demand-planning processes.
Create accurate demand plans with the support of SAP
BYK found that the SAP Integrated Business Planning application for demand, a cloud-based application with comprehensive capabilities, could best meet its goals to harmonize demand planning processes across the organization and improve forecast accuracy. In addition, the company decided to use the SAP Supply Chain Control Tower solution, enabling the company to get real-time visibility and control over its supply chain.
For the implementation and deep solution know-how, BYK sought help from SAP Services and Support and the SAP Preferred Success service, which included architecture planning, implementation guidance, and process reengineering expertise. Moreover, SAP helped deploy SAP Integrated Business Planning for demand and SAP Supply Chain Control Tower in a technically standardized and lean way.
Enabling All Functions with a Single Source of Truth to Improve Decision-Making
Major benefits BYK achieved include:
Improved collaboration by implementing a harmonized and automated demand planning process
Simplified and integrated planning practices for sales, demand planning, supply chain management, controlling, and strategic supply planning teams with more than 200 users
One platform as a single source of truth for improved data quality and process transparency across sales, operations, and demand-planning processes
Increased forecast accuracy with real-time data reflecting changes to planned demand
Quantity- and value-based planning for all planning teams to make decisions based on financial impact
“With SAP Services and Support, we successfully implemented SAP Integrated Business Planning for demand and SAP Supply Chain Control Tower, enabling precise and accurate demand planning,” said Matthias Beenen, Supply Chain Process Management, BYK. “This is critical to supply chain efficiency and for delivering high quality service to our customers.”
“In the future, we will continuously work on optimizing the implemented processes and extend SAP Integrated Business Planning for demand by adding subsequent supply chain planning processes,” he concluded.
Karin Fent is senior director of Customer Success for Digital Supply Chain at SAP.
Do you ever feel like the list of procurement challenges we wake up to grows a little bit longer every day? Just as we come to terms with one, another pops up. Whether it is the economy, global turmoil, the latest tech disruption, or any number of other things, we are always being tested.
On top of that, we still need to foster relationships with suppliers, manage costs, address sustainability mandates, and build resilient supply chains — all while transforming procurement into a more strategic business function. Not surprisingly, procurement leaders are looking to the next wave of technology to help them position their organizations to adapt quickly to changing conditions.
RISE with SAP: Better adapt to changing market dynamics and innovate more quickly
For many, moving key business processes to the cloud represents that “next wave” and for that, RISE with SAP is the perfect option.
The RISE with SAP solution is a managed cloud offering that enables a smooth, secure migration of on-premises ERP, including SAP ERP and SAP S/4HANA, to the cloud. Its holistic approach to business transformation empowers organizations to better adapt to changing market dynamics and innovate more quickly.
Businesses can leverage RISE with SAP to modernize their IT infrastructure, optimize and automate key processes, and unlock new levels of efficiency. They can also harness the power of data and analytics to make informed decisions, enabling them to achieve their business goals more effectively and efficiently.
The Challenge for Procurement: Extending Digital Transformation to Suppliers
For many years, “digital transformation” has been the hot trend for business functions, including procurement. Organizations are moving their internal business operations from manual processes and disparate software applications to integrated ERP systems. These systems are starting to leverage generative AI to improve the user experience, digitalize manual processes, and accelerate strategic decision making.
This is a win for the business with one caveat: “traditional” digital transformation does not go beyond the four walls of the organization. This creates a challenge for procurement because suppliers operate outside those four walls, where communication can be anything but digitalized. In fact, a 2023 IDC InfoBrief sponsored by SAP* revealed that 68% of respondents use email to transmit and receive data and documents for procurement and supply chain collaboration. Other methods include telephone (44%), supplier/customer portals (38%), and EDI (26%).
Given the technology available today, this is not only unproductive, but it also is completely unnecessary. With RISE with SAP S/4HANA Cloud, SAP offers a premium plus edition that includes SAP Business Network for Procurement. This enables businesses to extend the digital transformation of business processes outside their walls.
Better Collaboration, Faster Invoice Processing, and an Improved User Experience
SAP Business Network for Procurement is a cloud-based collaboration offering that gives buyers and suppliers a way to find each other and do business within a single, networked platform. The network makes it possible for organizations to:
Exchange data and documents digitally with suppliers, eliminating the need for phone calls, faxes, emails, or snail mail
Achieve enhanced spend visibility and compliance
Access a marketplace of suppliers to ensure business resilience, diverse spending, and alignment with sustainability objectives
Additionally, improved transactional operations and invoice status visibility enable better working capital management for stronger trading partner relationships. Finance colleagues can enjoy a faster month-end close due to improved accounts payable efficiencies and increased procurement and payment compliance.
SAP Business Network for Procurement Extends SAP S/4HANA Cloud
When RISE with SAP is combined with SAP Business Network for Procurement, procurement teams can collaborate digitally with suppliers across procurement and invoicing processes. This dramatically improves transactional efficiency.
SAP Business Network for Procurement
A natural extension of ERP, SAP Business Network provides an environment in which procurement processes initiated from SAP S/4HANA Cloud can be transmitted digitally to suppliers. As a result, suppliers can view and generate transactions like orders, order confirmations, ship notices, and invoices, and then act quickly to accelerate the procure-to-pay process.
SAP Business Network for Procurement improves process efficiency in many areas, including:
Purchase order processing: Digital purchase orders that are created in ERP are sent automatically to suppliers. Once confirmed by the supplier, buyers have visibility into order acceptance and delivery dates.
Invoice payment status: Invoice and payment status information is available on the SAP Business Network dashboard to update suppliers, eliminating the need for phone calls.
Invoicing business rules: Buyers have the flexibility to configure applicable business rules that require adherence to business process and regulatory compliance.
Change order update: Buyers and suppliers can communicate changes to open purchase orders, which creates an auditable record of changes and variations. Related documents, such as shipping notices, are also synchronized with updates.
Payment compliance: Quick invoice processing and data accuracy minimizes wrong or duplicate payments, while improving accounting processes and overall financial visibility.
Supplier collaboration: Digitalization enables quicker feedback from suppliers, making it possible for suppliers to “flip” purchase orders into confirmations and invoices, reducing errors and manual effort.
Promotional opportunities: Networked suppliers have additional opportunities to grow their business by using the network to promote their offerings and connect with new customers.
The Next Wave of Digital Transformation
When you invest in RISE with SAP, you are enabling your business to migrate core business processes to the cloud. By complementing this solution with SAP Business Network, you extend your digital transformation to interactions with trading partners though a single, end-to-end technology landscape built on standardized processes and consistent data.
This is the next wave of technology that will enable you to address the ever-growing list of business challenges you wake up and face every day.
Etosha Thurman is chief marketing and solutions officer of Intelligent Spend and Business Network at SAP.
Improve supply assurance, procurement efficiency, compliance, and spend transparency on SAP Business Network
KPMG Switzerland has partnered with SAP through the SAP PartnerEdge program in a strategic move to drive digital transformation and empower positive change in the Swiss economy. This collaboration brings together the market-leading technology of SAP and the strong industry expertise of KPMG to offer industry-specific solutions and support organizations in every step of their […]
The SAP partner ecosystem plays a crucial role in supporting Africa’s digital transformation efforts. SAP Africa, a subsidiary of the global software giant SAP, has been operating in Africa for over two decades. The company provides cutting-edge enterprise software solutions to businesses of all sizes, enabling them to streamline operations, improve efficiency, and gain a […]
In today’s complex regulatory landscape, organizations face increasing pressure to establish robust internal control frameworks to mitigate risks effectively.
WALLDORF — SAP SE (NYSE: SAP) today announced that SAP Chief Investor Relations Officer Anthony Coletta will leave the company to pursue a new opportunity outside of SAP. SAP is in the process of finding a successor. To ensure a smooth transition, Coletta will remain in his current role until the end of June 2024.
“Under Anthony’s leadership, SAP Investor Relations has strengthened its role as a reliable partner to the financial community. He further enhanced the trusted relationships with our investors that his successor will be able to build on,” said Dominik Asam, member of the Executive Board and CFO of SAP SE. “We are grateful for Anthony’s contributions and wish him well for his next steps.”
Coletta joined SAP in 2006. Prior to taking over the role as chief investor relations officer, he served as CFO of SAP North America, chief controlling officer of Global Sales in the Global Customer Operations team and in several other leading roles in the Americas region. Before joining SAP, Coletta held various leadership positions in finance and strategy, including at Siemens and ThyssenKrupp. Coletta holds master’s degrees in economics and applied foreign languages from Sorbonne University in Paris and has extensive international professional experience, including in Europe, Latin America and the United States.
SAP BTP Innobytes – fresh, snackable SAP BTP insights that you can quickly consume and easily share. A monthly video series, sharing the latest hits and top SAP BTP innovations.
March’s Innovation Highlights:
00:29 Reference Solution Architecture for SAP Master Data Governance, cloud edition
Learn more: https://sap.to/6052khNcK
01:29 New Vector Engine in SAP HANA Cloud
Learn more: https://sap.to/6053khNc5
02:30 New Wizard Layout for Workspaces in SAP Build Work Zone, advanced edition
Learn more: https://sap.to/6054khNcg
