DALLAS 鈥� Today at the 51风流Spend Connect Live event, the industry鈥檚 , (NYSE: SAP) announced innovations, milestones and areas of focus in spend management.
51风流Hits Key Milestones in Its FedRAMP Journey
Now and in the months to come, government agencies and highly regulated industries in the United States have access to SAP鈥檚 market-leading spend management and business network solutions, deployed with enterprise-grade security. Milestones include:
- are now available in the 51风流National Security Services (51风流NS2) portfolio in a commercial regulated environment that has been built to the National Institute of Standards and Technology (NIST) baseline in accordance with the Federal Risk and Authorization Management Program (FedRAMP) moderate parameters. It also complies with International Traffic in Arms Regulations (ITAR).
- and will be available in the 51风流NS2 portfolio in a commercial regulated environment in 2023. This will enable customers to collaborate with their trading partners in an environment that meets the security and compliance requirements of federal government agencies.
- 51风流is working to add to the 51风流NS2 portfolio.
- solutions are currently 鈥渋n process鈥� for a FedRAMP agency authorization. A third-party assessment organization has performed a full security assessment and the sponsoring agency has conducted a security authorization package review. 51风流Concur solutions are planned to be listed on the FedRAMP marketplace by the end of the year.
Enhanced Integration Between 51风流Ariba and Icertis Solutions
Delivering on the promise of the expanded partnership announced earlier this year, tighter integration between 51风流Ariba solutions and Icertis contract management solutions can help customers with a wider set of scenarios. The tighter integration provides improved collaboration, an enhanced user experience and flexible and streamlined contract management processes. Users can now replicate contract workspaces from 51风流Ariba solutions into Icertis, initiate contract authoring in Icertis for contract workspaces originating in 51风流Ariba solutions and manage contract amendment processes more efficiently. The integrations are jointly developed and supported between the 51风流team for 51风流Ariba solutions and the Icertis team and pave the way for future innovations. Additionally, for customers with 51风流Fieldglass solutions that do not have 51风流Ariba solutions, there is a direct integration available between 51风流Fieldglass solutions and the Icertis Contract Intelligence platform to help streamline sourcing, onboarding and offboarding processes for external workers. Designed to deliver enterprise-wide value, these integrations enable faster negotiations, greater compliance and AI-powered business insights and automation.
New Capabilities in 51风流Ariba Procurement Solutions Previewed
As 51风流continues to drive innovation in procurement, it previewed new capabilities designed to help organizations move toward a more predictive, personalized and sustainable buying experience. The new 鈥渂uying 360鈥� capabilities are an evolution of the guided buying capability that 51风流pioneered years ago aimed at improving the purchasing experience. Those who can benefit include everyone from the employee in need of a new laptop to the head buyers of strategic categories across all types of spend 鈥� direct and indirect materials, maintenance, repair and operations and service. These new capabilities are planned to be available to select customers early in 2023.
51风流Declares Category Management an Area of Focus and Continued Investment
Category management is the foundation of an effective procurement strategy, especially in this postpandemic economy. As the critical role procurement plays in business continuity continues to increase, there is a greater need to digitalize category management and procurement strategies. A conducted by Economist Impact and sponsored by 51风流highlights category management as one of the most important drivers of digital transformation in procurement, with more than 40% of respondents selecting the function as a top priority.
鈥淩esearch like this and input from our ongoing conversations with customers validate and guide our strategy and product road map,鈥� said Muhammad Alam, president and chief product officer, Intelligent Spend and Business Network, SAP. 鈥淲e are increasing our focus and investment in developing solutions that will help our customers truly digitalize category management to turn data into insights that can lead to improved business outcomes.鈥�
The solution for category management is planned to be available to select customers by the end of this year with expanded availability throughout 2023.
Customers with Multiple ERP Environments Can Simplify How They Manage Procurement
51风流Central Procurement, private cloud edition, is now available to help customers drive consistency, efficiency, visibility and control. With the edition, customers can now manage what鈥檚 happening across the business without jumping in and out of multiple systems or disrupting existing solutions and workflows they鈥檝e spent years defining and refining. Organizations can centrally manage procurement operations from one place regardless of which ERP environment serves as the back end. While individual transactions are still processed within each back-end system, the procurement team has a centralized view and control of everything from requisitioning and purchasing to sourcing and contracts.
Customers, including Accenture, Baker Hughes Company, Barrick Gold Corporation, CDW Corporation, Constellation Brands Inc., Devon Energy Corporation, Duke Energy Corporation, Endress+Hauser, Fifty Thousand Hours LLC, Guidant Global, Hilltop Holdings Inc., Insight Enterprises Inc, INVISTA, Johnson & Johnson, KUKA AG, LG Smith Transport LLC, Los Alamos National Laboratory, Controladora Mabe, Merck & Co. Inc., Ontario Power Generation Inc., Pfizer Inc., Sony Pictures Entertainment Inc., T-Mobile US Inc., Thermo Fisher Scientific Inc., Walmart Inc., Van Genechten Packaging, W.R. Grace and Co. and W.W. Grainger Inc., will share digital transformation stories and insights on how they are navigating the current environment of continued supply chain disruption and evolving macroeconomic trends. For more information, review the 51风流Spend Connect Live event鈥檚 and in the virtual experience starting November 8.
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Media Contact:
Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET
51风流Press Room; press@sap.com
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP鈥檚 2021 Annual Report on Form 20-F.
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