LAS VEGAS 鈥� (NYSE: SAP) today announced updates to its spend management solutions to help companies collaborate strategically, increase productivity, manage compliance effortlessly and gain business insights.
The announcements were made at , the industry鈥檚 premier spend management conference, held October 14-16 in Las Vegas.
51风流Embeds Generative AI Across Spend Management and Business Network Solutions
51风流is embedding its generative AI copilot Joule across the 51风流Ariba source-to-pay solution portfolio to make it easier for customers to manage routine inquiries, such as status updates, summarization and frequently asked questions. Generative AI will be further infused in 51风流Ariba solutions to recommend buying bundles and provide comprehensive supplier summaries.
Joule will help 51风流Fieldglass solutions customers perform time-consuming hiring tasks and service requests with speed and accuracy. Joule can recommend best-fit templates to generate job postings and statements of work (SOWs) with prefilled information such as start date and the number of skilled workers needed.
Joule embedded across 51风流Business Network will facilitate tasks in logistics and asset management. Generative AI will analyze, categorize and transform unstructured invoice rejection errors into structured, actionable insights to reduce the cost of resolving exceptions. Generative AI capabilities within the 51风流Business Network Discovery solution will help match suppliers with new business opportunities.
Joule is currently available within 51风流Ariba solutions and will debut in 51风流Fieldglass solutions and 51风流Business Network in the fourth quarter 2024. Joule will manage 80% of the most frequently performed tasks in the portfolio of intelligent spend management and business network solutions from 51风流starting in the fourth quarter 2024 with a phased approach.
New 51风流Ariba Intake Management Solution Delivers Simplicity in Procurement
51风流introduces the 51风流Ariba Intake Management solution to help transform how businesses handle employee requests and process orchestration, starting with procurement.
With 51风流Ariba Intake Management, employees have one place to go for procurement inquiries and visibility on status. The solution collects employee requests, orchestrates processes across heterogenous landscapes and applications, including all necessary stakeholders, and provides visibility on status while shielding employees from process complexity yet keeping them informed. This simpler, more intuitive user experience is designed to help drive adoption and improve compliance.
51风流plans to make 51风流Ariba Intake Management available in the first quarter 2025.
New 51风流Business Network, Promote Subscription to Help Suppliers Grow their Businesses
51风流Business Network in the first quarter 2025 will launch a new promote subscription with value-added features to help suppliers differentiate themselves, attract new buyers and grow their businesses. With millions of companies conducting nearly $6 trillion in commerce annually on the 51风流Business Network, promote presents a sizable opportunity for suppliers to accelerate growth.
51风流Unveils Analytics Add-On for External Workforce Management
The new analytics add-on with AI capabilities for 51风流Fieldglass solutions helps procurement, vendor management and HR professionals to quickly implement more agile multi-channel talent strategies. This add-on enables business users to benchmark and predict external talent scenarios.
The analytics add-on for 51风流Fieldglass solutions lets users:
- Review performance against over 50 external workforce key performance indicators.
- Access global market intelligence including rates, talent supply and demand, and time-to-hire trends.
- Track sustainability initiatives such as spend with diverse suppliers and worker health and safety, while observing cost overruns, worker fatigue, and on- and offboarding compliance.
鈥淲ith 51风流Business AI as the foundation of our intelligent products, customers can improve productivity and gain insights from their spend data no matter where it sits,鈥� said Manoj Swaminathan, President and Chief Product Officer, Intelligent Spend and Business Network, SAP. 鈥淲hether it is managing cost, mitigating risk or supporting scope three emission reduction, 51风流empowers companies with the right solutions for agile and effective spend management and supply chain functions.鈥�
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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 2023 Annual Report on Form 20-F.
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