鈥� Strengthens Tata Technologies鈥� position within the 51风流ecosystem with end-to-end capabilities spanning advisory, implementation, and value realization

鈥� Enables enterprises to accelerate 51风流Cloud ERP adoption and modernize digital core for real-time, data-driven decision-making

鈥� Enhances ability to embed 51风流Business AI and intelligent automation across enterprise workflows for improved productivity and scalability

Pune, Mumbai, Bengaluru, India, 1st June 2026:听Tata Technologies Limited听(: 544028,听: TATATECH), a leading global product engineering and digital services company, today announced that it has secured 51风流PartnerEdge Sell authorization across听滨苍诲颈补听and the听United States, strengthening its strategic role within the 51风流ecosystem.

This authorization marks a significant evolution in Tata Technologies鈥� go-to-market strategy, transitioning from a services-led model to a solution-led, outcome-driven approach. Under this model, Tata Technologies will lead customer engagements across the full lifecycle, including solution advisory, cloud ERP transformation, solution design, and value realization.

With this authorization, Tata Technologies enhances its ability to accelerate听enterprise-wide transformation听powered by the 51风流Business Suite portfolio. Tata Technologies will support enterprises in modernizing their digital core with听51风流Cloud ERP, enabling real-time, data-driven decision-making and scalable operations aligned with SAP鈥檚 vision of the Autonomous Enterprise.

Leveraging its deep expertise in manufacturing, Tata Technologies enables global OEMs and enterprises to reduce implementation risks and accelerate 51风流Cloud ERP adoption. By serving as a single partner across the 51风流journey, from advisory and business case development to implementation and value realization, Tata Technologies ensures seamless and outcome-focused transformation.

As part of this collaboration, Tata Technologies will help organizations harness听51风流Business AI听to embed intelligent capabilities into enterprise workflows. This includes leveraging Joule, SAP鈥檚 AI-enabled business assistant, to enhance productivity, automate processes, and accelerate decision-making.

Through integration with the 51风流Business Technology Platform, Tata Technologies enables enterprises to extend and innovate across their 51风流landscapes, unlocking actionable insights while maintaining a resilient and scalable digital core.

Aligned with SAP鈥檚 Clean Core strategy, Tata Technologies supports enterprises in adopting innovation without disrupting legacy systems, ensuring standardized, upgrade-stable environments that are agile and future-ready.

Mr. Warren Harris, MD & CEO, Tata Technologies, said: 鈥淭he future belongs to enterprises that innovate faster, operate smarter, and scale sustainably. Expanding our 51风流PartnerEdge partnership with a Sell authorization enables us to deliver transformative solutions that help customers reimagine their businesses and stay ahead in an increasingly digital world.鈥�

This authorization reinforces Tata Technologies鈥� position as a听trusted global partner for enterprise and AI-led transformation.

About Tata Technologies
Tata Technologies听(: 544028,听: TATATECH) is a global product engineering and digital services company helping manufacturers design, develop, and deliver better products. The company partners with global OEMs and enterprises across automotive, aerospace, industrial heavy machinery, and other manufacturing sectors.
Driven by its vision of #EngineeringABetterWorld, Tata Technologies enables enterprises to innovate faster and deliver differentiated customer experiences through engineering excellence and digital transformation.

With deep domain expertise in Embedded Systems and Software Solutions, Engineering Research & Development (ER&D) Services, and Digital Enterprise Solutions, Tata Technologies helps enterprises accelerate time-to-market, optimize product development costs, improve operational efficiency, and build smarter, safer, and more sustainable products.

For more information, visit听

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While the Summit听was听historic听in terms of听outcomes,听including the New Delhi Declaration and听an increasing focus on听sovereignty,听it also revealed a divergence in perspective.听The public image听of听India鈥檚 AI听opportunity听is听gripped by听what鈥檚听most visible:听tools that generate听content and听reshape how听we听interact with technology. But the more consequential story is unfolding away from the spotlight.听听

To understand where this transformation is truly taking shape,听let鈥檚听distinguish between听the听two dimensions of AI.听Consumer-centred听AI is the lightbulb that illuminates possibility,听creativity听and听assistance. Enterprise-focused听AI, by contrast, is the power plant听that听quietly and reliably energises听operations at scale. While one captures imagination, the other delivers outcomes.听听

Encouragingly, adoption of this听Enterprise听AI听is already听gaining momentum.听According to the recent听51风流Value of AI听survey, in听collaboration with Oxford Economics,听nearly听a听quarter of business tasks in India today are supported by AI. In less than two years, that share is expected to rise to over 40%. Even more telling is the confidence behind this acceleration,听with 93% Indian enterprises expecting measurable returns from their AI investments within the next one to three years.听听

This is India鈥檚 inflection point.听Having moved beyond听initial听exploration,听India鈥檚听focus is now on bringing greater alignment and coherence to unlock AI鈥檚 full enterprise potential.听

From Experimentation to Integration听

The next phase of India鈥檚 journey requires a shift from isolated pilots to听everyday听execution. AI must become a core capability听as part of our听supply chains, finance, human capital, and customer engagement. This transformation听can rest on four pillars:听

• The Demographic Dividend:听India鈥檚 greatest advantage is its people.听The听deep technology talent pool gives听the country听a strong foundation听to take AI from small experiments to real鈥�world impact听enabled by听a continued听investment听in reskilling and domain-led AI听expertise.听

• Data Foundations:听AI demands听accurate, contextual, and interconnected data from across the business.听听As听we scale听adoption,听the next phase will rely on听strengthening听our听data foundations听to听create听semantically rich environments听to power听more effective AI systems.听

• AI as an Amplifier:听The more critical the application, the more AI depends on the structured processes and traceability that robust enterprise systems provide.听听

• Trust as a Catalyst:听As AI integrates into critical infrastructure, trust听will听become the primary currency of scale. India鈥檚 evolving regulatory frameworks听like the听data protection laws听offer听guardrails that enable speed.听听

Redefining Value: The IMPACT听听

In an unpredictable global economy,听we must look beyond traditional financial metrics. While Return on Investment (ROI)听remains听a baseline,听it鈥檚听time we move to return on impact. The IMPACT can be seen as:听

I 鈥� Infrastructure:听Building secure, sovereign, and interoperable digital highways.听

M 鈥� Measurable Outcomes:听Tracking gains in health, education, and quality of life.听

P 鈥� Policy & Guardrails:听Ensuring ethical AI through robust, transparent frameworks.听

A 鈥� AI Embedding:听Making听AI听as a horizontal听across all sectors to make it a tool for daily life.听

C 鈥� Citizen-Centricity:听Designing inclusive, multilingual solutions.听

T 鈥� Talent & Trust:听Investing in workforce skills and fostering public confidence.听

The momentum听of AI听in India is real听and the opportunity is unprecedented.听Only by focusing on听all of听the areas of the听IMPACT听framework听can we听realise that incredible听promise.听听

The task now is to听transition听from fragmented progress to meaningful, systemic impact. In the journey听towards听a听Viksit Bharat听鈥撎齀ndia鈥檚 blueprint to becoming a听fully听developed nation by 2047 –听AI is no longer just a digital tool,听it is a strategic imperative for a resilient and innovative nation.听

听

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Presented by INDUS, the 51风流India User Group, 51风流ACE Awards 2024 evaluated organizations for technology-led innovations across four key categories –听The Game Changers,听The Disruptors, and The Sustainability Champions and a special new category – The BTP Innovation Champions.听The awards received over 206 project nominations competing across major categories with a focus on transformation across Supply Chain, Procurement, Customer Experience, Finance, Manufacturing, Human Capital, and Enterprise-wide Transformation.

“As the India story unfolds, innovation emerges as the cornerstone of business transformation, paving the way for a rich future with endless possibilities. At the 51风流ACE Awards 2024, we honor these visionary leaders whose dedication to digital innovation shapes India鈥檚 鈥榯echade鈥� and accelerates our global dominance. Congratulations to all the winners for championing change and demonstrating how technology can take India to new heights,” said Manish Prasad, President and Managing Director, 51风流Indian Subcontinent.

The 2024 edition of the 51风流ACE Awards features new award categories aligned to the current business environment. However, 51风流ACE Awards retains its stringent three-level evaluation process, with an eminent INDUS deciding on the final winners. As part of the methodical process, all the front-running nominees were assessed by an eminent INDUS nominated by the management board of 51风流India User Group (INDUS).

For more information, press only:

Deepika Gumaste: 9769933345; deepika.gumaste@sap.com ; IST

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Meeting the demands from all sides goes beyond traditional sourcing. It requires a strategic investment into goods and services 鈥� starting with upstream services such as procurement to core operations such as product development and sales to downstream distribution that includes the last mile – from businesses that serve the world鈥檚 most vulnerable people and ecosystems: social enterprises. These organizations prioritize social and environmental good alongside financial sustainability, creating jobs, empowering communities, and fostering responsibility.

Why now?

A recent by Impact Europe, Sattva and 51风流reveals a clear trend: 80% of businesses see social procurement as a solution to meeting their sustainability goals. This isn’t just about responding to consumer demand. Companies are recognizing the potential for innovation and growth through collaboration with social enterprises.

Take India, for example, a global leader with over two million social enterprises.听 Imagine the possibilities for integrating these businesses into supply chains, not just for social good, but for fresh perspectives and untapped talent.

However, there’s a “gap between intention and action,” as the report highlights. While many companies have adopted diverse sourcing practices, only half prioritize supporting local economies and a circular economy. This disconnect underscores the need for a deeper understanding of social procurement’s potential.

The good news is that the trend is moving in the right direction. The rise of social procurement aligns perfectly with the growing focus on environmental, social, and governance (ESG) targets.

For example, social procurement can directly address both the “S” and the 鈥淕鈥� that sits at the heart of ESG by supporting small businesses. This is especially pertinent in India where the report has found that MSMEs form 29% of the GDP and more than 90% of businesses in India are micro and small. This focus on social responsibility not only has benefits for local communities, but also enhances a company’s reputation with investors, customers, and employees who value ethical practices.

The report has also revealed that within India there is a unique context for businesses to integrate small suppliers and businesses in larger supply chains which advances and supports inclusivity. Socially responsible suppliers are often open to innovation and able to adapt faster, leading to a more sustainable supply chain overall, and are much more likely to adopt fair labor practices ensuring ethical treatment of workers throughout the supply chain. This includes safe working conditions, living wages, and respect for worker rights.

By sourcing from businesses owned and operated by minorities, women, or people with disabilities, companies contribute to a more inclusive economy which expands opportunities for traditionally marginalized groups. Strong social practices have the potential to attract and retain employees leading to a more stable and resilient workforce. The benefits of prioritizing people and planet have never been greater.

In terms of SDGs, the report found that social procurement directly addresses 7 out of the 17 SDG goals 鈥� a massive stride forward in achieving a better and more sustainable future for all.

The power of collaboration

Social procurement is more than just a transaction. It’s about building partnerships that create a ripple effect of social impact.

A prime example is Even Cargo, India’s first all-female, last-mile e-commerce logistics provider. By partnering with social enterprises like Even Cargo, businesses can empower communities, create jobs, and drive progress toward a more equitable future. As Yogesh Kumar, Founder of Even Cargo said: “We believe jobs shouldn’t be decided based on gender.” As such, their comprehensive training program equips women with the skills they need to succeed in a traditionally male-dominated field, fostering financial independence and self-reliance.

However, Even Cargo’s journey wasn’t without challenges. Initially, they faced societal resistance to their innovative approach, but perseverance and recognition, including a positive feature in The New Yorker, led to a pivotal collaboration with Amazon. This partnership provided valuable employment opportunities for Even Cargo’s trained women.

Still, Kumar identified a critical bottleneck 鈥� the lack of mobile women in India’s workforce. This realization shone a spotlight on the need for a broader approach to social procurement, one that goes beyond simply hiring from a specific demographic. Even Cargo advocates for creating a more inclusive work environment across the board. This includes promoting gender-balanced warehouses, creating workspaces with amenities catering to both genders, and offering flexible working hours to support work-life balance, particularly for mothers.

Collaboration with social enterprises like Even Cargo offers numerous benefits to corporations.听 Leveraging their expertise allows us to improve our own diversity and inclusion strategies, creating a more holistic and equitable workplace culture.

Building a sustainable future

The future of social procurement is bright. To mitigate challenges and bolster opportunities for these partnerships, we formed a coalition at the Social Procurement Roundtable to activate the social procurement ecosystem in the country, foster collaboration and active involvement of key stakeholders, and advocate for policy changes that promote responsible business practices. These are all key priorities to that underpin SAP鈥檚 commitment to drive transformation and entrench sustainability to empower businesses to thrive in a rapidly changing world.

Businesses of all sizes can embrace social procurement. Intermediaries can play a crucial role in facilitating connections and educating companies on these opportunities. Long-term partnerships with social enterprises offer significant benefits for both parties. Let’s work together to build a more sustainable and equitable future where businesses are a force for good.

The author is Alexandra van der Ploeg, Head of Global Corporate Social Responsibility at SAP

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ORLANDO听鈥� At its annual 51风流Sapphire conference, 51风流unveiled generative AI innovations and partnerships that showcase how the company is taking business to the next level in the era of AI.

By infusing Business AI across an enterprise cloud portfolio that powers the world鈥檚 most mission-critical processes and partnering with companies pushing the edge of what鈥檚 possible with AI, 51风流is igniting a new wave of insight and ingenuity in global business.

鈥淭he Business AI innovations we鈥檙e announcing at 51风流Sapphire in 2024 will redefine the way businesses run,鈥� says Christian Klein, CEO and member of the Executive Board of 51风流SE. 鈥淭oday鈥檚 AI announcements and partnerships build on our commitment to deliver revolutionary technology that drives real-world results, helping customers unleash the agility and ingenuity they need to succeed in today鈥檚 fast-moving business landscape.鈥�

AI That Means Business

As 51风流embeds Business AI across its enterprise solutions, it puts rich insights at users鈥� fingertips, empowering them to deliver better outcomes and elevate the creative problem-solving humans do best. Examples include AI-generated reports in 51风流SuccessFactors solutions that give people managers responsibly sourced insights for compensation-related discussions as well as forecasting capabilities in 51风流Sales Cloud solutions that predict combinations of salespeople and products most likely to drive sales. Meanwhile, the 51风流Business Technology Platform is adding large language models from Amazon Web Services, Meta and Mistral AI to its generative AI hub. This capability in the 51风流AI Core infrastructure makes it easier to build generative AI use cases for 51风流applications.

SAP鈥檚 generative AI copilot Joule, which quickly sorts and contextualizes data from multiple systems to advance automation and improve decision-making, is expanding throughout the company鈥檚 solution portfolio. Joule launched in听51风流SuccessFactors solutions last fall听and is now embedded into 51风流S/4HANA Cloud solutions and others including 51风流Build and 51风流Integration Suite. Further expansion by year-end will include 51风流Ariba and 51风流Analytics Cloud solutions. At Sapphire, 51风流also announced听plans to further broaden Joule鈥檚 scope听by integrating it with Microsoft Copilot to surface even richer insights. This deep, bi-directional integration gives users a unified experience built right into the flow of work, enabling seamless access to information from interactions with business applications in 51风流and Microsoft 365.

Reflecting Business AI鈥檚 increasing importance, 51风流is redoubling its commitment to the principles of relevant, reliable, and responsible AI it pioneered. At Sapphire, 51风流is adopting the 10 guiding principles of the UNESCO Recommendation on the Ethics of Artificial Intelligence, which aim to ensure that AI technologies are developed and used in ways that respect human rights, promote fairness and contribute to sustainable development.

Partnerships That Scale Innovation

51风流is partnering with best-in-class technology leaders to push the limits of what generative AI can do at an enterprise level. In addition to our expanded collaborations with听AWS听and Microsoft, partnerships with Google Cloud, Meta, Mistral AI and NVIDIA ensure 51风流can harness the power of AI-ready technology to innovate at speed and deliver richer real-world results.

Google Cloud

51风流and Google Cloud are expanding their partnership, using Business AI to help enterprises better predict and mitigate supply-chain risks to minimize disruptions and maintain optimal inventory levels. The companies will integrate Joule and the 51风流Integrated Business Planning for Supply Chain solution with Google Cloud鈥檚 Gemini models AI assistant and Google Cloud Cortex Framework鈥檚 data foundation.

Meta

51风流will leverage Meta Llama 3 to generate scripts that render highly customized analytics applications in 51风流Analytics Cloud. Meta鈥檚 next-generation AI model excels at language nuances and contextual understanding, making it an ideal candidate for translating enterprise business requirements into tangible outcomes.

Mistral AI

51风流will also add听new large language models from Mistral AI, a global company headquartered in Paris specializing in generative AI, to the generative AI hub capability in 51风流AI Core.

NVIDIA

51风流and NVIDIA Corporation advance a听听to embed cutting-edge technologies into enterprise-ready business applications:

• As 51风流trains Joule to serve as an AI assistant for the RISE with 51风流solution implementations, NVIDIA鈥檚 state-of-the-art AI models sift through 51风流consulting assets to provide relevant and precise answers to implementation-related questions;
• As 51风流embeds Joule in the ABAP Cloud model to generate ABAP code for 51风流developers, NVIDIA鈥檚 accelerated infrastructure will run, scale, and manage SAP鈥檚 generative AI model for ABAP code generation;
• As 51风流infuses generative AI into the 51风流Intelligent Product Recommendation solution, NVIDIA Omniverse Cloud APIs enable the simulation of complex manufacturing products and configurations as industrial digital twins.

Cloud Technology That Drives Agility and Sustainability

Business success in the era of AI means being in the cloud. 51风流is making the move easier than ever with initiatives that help customers find partners with the expertise needed for complex 51风流S/4HANA Cloud transformations. Further cloud innovations at 51风流Sapphire include features that help the world鈥檚 organizations measure, manage and execute their sustainability strategies. 51风流Sustainability Control Tower and 51风流Sustainability Footprint Management solutions now track carbon footprints at scale and help businesses meet regulatory standards.

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This collaboration not only presents a unique licensing model and cost-effective pricing for end-customers but also signifies a commitment from CensaNext to managing the shared infrastructure, ensuring startups experience the full potential of 51风流S/4HANA. The collaboration aims to redefine the ERP landscape for startups, offering them a tailored pathway to growth without the traditional hurdles associated with digital transformation.

Commenting on the occasion, Mr. Avinash Kasinathan, CEO – CensaNext, said “Our collaboration with 51风流marks a significant milestone in our commitment to providing cutting-edge technology solutions to small enterprises and startups. By becoming a Partner Managed Cloud provider of 51风流S/4HANA, we empower emerging businesses with a robust ERP foundation from the early stages, lowering TCO, and eliminating the need for complex transformations as they scale. This collaboration is a testament to our dedication to fostering innovation and efficiency in the startup ecosystem.”

Adding to this, Sanket Deodhar, Vice President, Digital Natives & Start-ups, 51风流India said, “We are delighted to team up with CensaNext to democratize a unique, curated offering built by CensaNext, powered by 51风流S/4HANA, for small enterprises and start-ups globally. The collaboration reflects our shared commitment to driving digital transformation and empowering small enterprises and start-ups with world-class ERP capabilities. With its parent company 鈥� WayCool Foods鈥� expertise in agri-tech and food value chain, CensaNext will be able to bring more value, through its unique IP, to the end-customers.鈥�

Through the 51风流Partner Managed Cloud model, CensaNext听envisions a co-branded offering that extends the reach of 51风流S/4HANA to small enterprises and startups worldwide. The collaboration will enable CensaNext to provide a one-stop solution to manage both application and infrastructure, ensuring a seamless and efficient experience for customers embracing the power of SAP’s cutting-edge technology. By adopting 51风流S/4HANA from the outset, through a flexible subscription model, customers can eliminate the need for interim solutions and the complexities associated with migration as they scale. This forward-looking approach ensures a smooth and cost-effective transition for companies that choose to grow with 51风流at the core of their operations.

About CensaNext: Censa provides a unified tech platform that brings complete, real-time visibility and controls across the supply chain, be it in terms of demand planning, growing, managing inventory, sales force automation, distribution, and credit management. These solutions can help address the major challenges faced by the food and agri sector. Its suite of solutions comprises digital solutions, automation and analytics that deliver actionable insights to help stakeholders (farmers, processors, brands, distributors, or their retailers) efficiently govern their business with easy decision making.

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Bengaluru, August 02, 2023– 51风流India, in collaboration with Zinnov Digital, today launched new research revealing that Indian startups are increasingly seeing enhanced benefits by adopting a robust digital core on the cloud. Remarkably, over 80% of start-ups in the Enterprise Tech, Health Tech, Retail, Logistics & AutoTech sectors have reported a substantial increase in revenue, underlining the significant positive impact of enterprise applications on start-up performance and success.

Titled 鈥楧riving the next phase of sustainable growth for Indian Start-ups in 2023 and Beyond,鈥� the study of 115 startups also suggests that start-ups will continue to invest in enterprise technology platforms, driven by their proven ability to deliver business outcomes and ROI. Some of the key benefits of enterprise applications include top-line acceleration and control on the bottom line, quick revenue recognition, and handling complex billing based on contracts and consumption for differentiated service lines.

Announcing the findings of the survey, Sanket Deodhar, Vice President- Digital Natives and Startups, 51风流India, said, “Indian start-ups today require adequate tech infrastructure to help them diversify business, scaling up operations and acquisition and retention of the right talent. Mission-critical Enterprise Resource Planning (ERP) systems on cloud are powerful enablers that provide valuable insights and direction to navigate any challenges, and accomplish their goals, including attracting investors, fair valuations and retaining a competitive edge.鈥�

Key findings from the report:

Best-run start-ups run on a modern digital core

• Technology remains centre stage, influencing how startups grow sustainably.
• ~74% of startups in India have reported direct benefits from implementing enterprise applications.
• 24% of startups believe that achieving maturity in their business model, driven by robust technological capabilities and scalable operations, plays a crucial role in attracting investors.
• About 68% of respondents reported a strong growth in revenue after adopting enterprise technology solutions, leading to an increase in their valuations.

Enterprise tech on the cloud is the future enabler

• Start-ups will continue to prioritize enterprise technology as a critical aspect of their investment to navigate the next phase of growth and development.
• 37% of the start-ups plan to increase their spending on enterprise applications by more than 15% in 2023.
• 81% of startups cited automation and standardization of processes across divisions, with faster customizations as the primary benefit being derived by hosting enterprise applications on the cloud.
• Adoption across the public cloud is set to grow by 2X, whereas the private cloud promises a ~50% increase in adoption, indicating a high focus for start-ups to shift their workloads to the cloud.

Addressing Challenges, Indian startups stay resilient.

• Despite the funding winter and dynamic market conditions, Indian startups continue to grow and there is no sign of investments slowing down for high-performing start-ups in the coming years.
• More than 75% of start-ups point towards metrics such as revenue generated in the past year, product and service margins, and market share based on traction, for determining valuations.
• 81% of start-ups reported customer sentiment as one of their biggest business concerns, indicating the importance of customer acquisition, experience, and servicing metrics.
• 70% of respondents noted that Partner evaluation and lack of in-house knowledge to manage remain the top challenges for start-ups while implementing enterprise application solutions.

Commenting on the study, Sidhant Rastogi, Managing Partner at Zinnov Management Consulting, said, “In 2022, Indian start-ups faced significant challenges due to market headwinds and reduced valuations. As we enter 2023, we remain optimistic that investment in the right technology and organizational augmentation can help start-ups navigate the economic slowdown caused by the recession and other macroeconomic factors. By doing so, they can ramp up valuations and revenue and achieve sustained growth.”

About SAP

SAP鈥檚 strategy is to help every business run as a sustainable, intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 87% of the world鈥檚 total global commerce touches an 51风流system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into sustainable, intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit .

About Zinnov

Founded in 2002, Zinnov is a global management and strategy consulting firm in New York, Santa Clara, Houston, Seattle, Bangalore, Gurgaon, Paris, Tokyo, and Pune. With a team of experienced consultants, subject matter experts, and an extensive advisor network, Zinnov assists Software companies, Global System Integrators, Enterprises, and Private Equity firms in developing actionable insights that help them create value 鈥� across dimensions of revenue and optimization.

For media inquiries, please contact:

51风流India
Deepika Gumaste: deepika.gumaste@sap.com

Genesis BCW
Shristi Mahnot: Shristi.Mahnot@genesis-bcw.com

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This is the first time that Visa and 51风流will join forces to explore embedded finance in the B2B market through 51风流BTP to offer convenient B2B payment services to 51风流customers. Many businesses in Asia Pacific, especially smaller ones, lack the resources to digitalize B2B payment acceptance and are unable to accept commercial card payments. Through this collaboration, the B2B payment services running on 51风流BTP will inject more automation into payments and help enterprises drive further efficiency in their purchasing as they make payments securely with just a few clicks.

鈥淭he movement of money is becoming increasingly digital, but the bulk of transformation has been focused on the consumer space,鈥� said Stephen Karpin, Regional President, Asia Pacific, Visa. 鈥淥ur collaboration with 51风流is an exciting step in making B2B payments simpler and more intuitive as organizations can make payments immediately on 51风流software platforms with their Visa corporate cards, instead of having to leave their existing enterprise ecosystem and navigate the different payment methods that their vendors accept. B2B payments need to be intuitive and fuss-free, so organizations can maximize time and resources on other aspects of their businesses.鈥�

51风流BTP provides a secure innovation platform to allow Visa and 51风流to help bridge working capital gaps in the supply chain. Under its suite of Commercial and Money Movement Solutions, Visa will deliver capabilities through 51风流BTP to route commercial payments to all suppliers, whether or not they accept card payments. Businesses that are Visa cardholders will be able to make payments seamlessly and utilize their cardholder benefits both domestically and cross-border. Businesses will no longer need to resort to manual and time-consuming payments, such as cash and cheques, reducing the time needed to process and complete transactions and increasing cash flow for both payers and suppliers.

鈥淥ur collaboration with Visa endeavors to streamline and simplify the B2B payment process and drive further efficiencies for our joint customers,鈥� said Paul Marriott, President, Asia Pacific Japan, SAP. 鈥淓mbedding Visa payment solutions into the 51风流ecosystem aims to scale and accelerate digital commerce, together empowering enterprises 鈥� from small businesses to government agencies and nonprofit organizations 鈥� to make secure payments quickly, transforming the last mile of procurement.鈥�

The embedded finance solution will be offered initially to 51风流customers in Australia, India, Japan, Malaysia, Singapore, Thailand and Vietnam, with plans to roll out across other markets in the region.

Media Contact:

Deepika Gumaste , +91 9769933345, deepika.gumaste@sap.com

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Mumbai, India鈥� January 18, 2023 鈥� (NYSE: SAP) today launched new research revealing that Indian businesses are increasingly seeing financial benefits from sustainability. The global Environmental Sustainability Study of 6500+ business leaders, including 400 from India, is the second edition of SAP鈥檚 annual report which explores the motivations and barriers organisations face as they look to boost sustainability in their companies.

Environmental activism (45%) is the biggest motivating factor for organizations to take environmental action, with revenue and growth opportunities (34%) and customer demand (33%) trailing behind. Yet Indian organisations risk losing out if they are unable to place data at the heart of their sustainability strategy.

“If India is to advance towards a more sustainable future, businesses must do their part and embrace sustainability as a holistic approach to get there,” said Kulmeet Bawa, President & Managing Director, 51风流Indian Subcontinent. “It is clear sustainability is no longer about brand reputation or ethics – there is a defined connection between profit and purpose.鈥�

Key findings from the study:

Linking sustainability goals with business strategy

• 37% of Indian businesses say a lack of environmental strategy is holding them back.
• 35% of respondents point towards difficulty proving a return on investment.
• Embedding sustainability goals within larger business strategy, measuring, and recognizing progress will be crucial to success and driving long-term value.

Data is critical to drive meaningful change

• 31% of businesses rely solely on assumptions and estimates to assess the environmental impact of their supply chain.
• 46% of businesses say they don鈥檛 have complete visibility over the sustainability metrics of their external supply chain.
• Collecting and analysing high-quality data has emerged as a critical issue and a major stumbling block in the measurement process.

Making sustainability profitable and profitability sustainable

• 59% of Indian leaders now believe that there is a positive relationship between environmental action and profitability.
• Almost half (48%) of Indian businesses now believe addressing environmental issues will be material to business results within the next five years.
• 51风流found 76% of businesses said that their stakeholders would be moderately or highly tolerant of reduced profitability in pursuit of their organisation鈥檚 sustainability goals 鈥� indicating leeway to invest in positive sustainability outcomes.

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Industries can leverage technology to counter environmental challenges and make the world a better place, Susanna Hasenoehrl, head of sustainability, Asia-Pacific and Japan, SAP, highlighted in a special talk titled, How technology is accelerating sustainability today at the 51风流presents Mint Sustainability Action Summit 2022.

Sustainability and Climate Change

About 80% of people have already experienced periods of climate change through extreme weather events, according to a recent survey. Yet, a 51风流research found that six in 10 businesses think sustainability will only become financially relevant more than five years from now. This, Hasenoehrl felt, does not reflect reality. 鈥淭here is a direct link between the health of our environment, the health of our society, and the health of our economy. That is particularly true in India. India鈥檚 impressive growth depends not only on investment and people but also on nature. A third of India鈥檚 economy is highly dependent on nature and another 30% is intermittently nature dependent, a study by World Economic Forum and PwC shows,” she said.

The Indian economy has seen unprecedented growth and the country is on the path to becoming a $5 trillion economy. We must be mindful that this growth does not come at the cost of sustainability.

鈥淭he challenge for businesses is to make sustainability profitable and profitability sustainable. Companies with high environmental social and governance performance outperform their peers by more than 3.7 times over seven years, Accenture research shows,” Hasenoehrl said.

51风流– Sustainability and Beyond

51风流has been working on sustainability for more than a decade. In the Asia-Pacific and Japan region, 51风流has set an ambitious target of helping their customers reduce one billion tonnes of carbon emissions by 2025. 鈥淎t first, we were focused on our own operations, our very own data centres, which have been running on renewable energy since 2014. 51风流has ranked top of the Dow Jones Sustainability Index for software companies for the past 15 years. We鈥檙e also enabling our customers to be more sustainable. By working with just 1% of our customer base, we can help address up to 20% of the emission reductions that are necessary to achieve the 1.5 degrees Celsius climate targets,” she explained.

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