The triple crown strategy is a three-step approach that combines insights, planning, and action to revolutionize procurement processes. At the heart of this strategy lies the solution, a powerful tool that helps bring together data from various sources to provide a comprehensive view of your spending.

Step 1: Insights鈥擴nderstanding Your True Business Objectives

Before diving into any initiative, it鈥檚 crucial to understand your true business objectives. These might include cost reduction, improved sustainability, increased profitability, improved customer service, or a combination of factors. The key is to identify and measure metrics that not only reflect these objectives but also help improve them.

This is where analysis and insights come into play. 51风流Spend Control Tower is the engine that can drive these insights, offering a bird鈥檚-eye view of your entire procurement landscape.

Let鈥檚 break down some of the key areas where 51风流Spend Control Tower can provide valuable insights:

AI-Enabled Enrichment

This is a leading indicator of value. Without understanding duplicate supplier names and components, achieving objectives will be much more challenging. The supplier enrichment analysis is a quick way to understand that value will be achieved by showing the true number of suppliers where spend occurs.

For example, your organization may not perceive risk if materials are coming from five companies, but the situation changes if it鈥檚 really one company with many names or misspellings. From a cost-savings perspective, we may not realize this is actually one supplier, and our spend is five times more to a single supplier instead of one times to five different suppliers. This insight can significantly impact risk assessment and cost management strategies.

Spend Trends

By aggregating data from multiple systems and sources, the solution can reveal spending patterns over time. Are certain categories of spend increasing? Are there seasonal fluctuations you need to account for? Understanding these trends can help you make more informed decisions about budget allocation and negotiation strategies.

Supply Risk

In today鈥檚 volatile market, understanding and mitigating supply risk is more critical than ever. 51风流Spend Control Tower can help identify potential risks in your supply chain, such as overreliance on a single supplier or geopolitical risks in certain regions. As tariffs are a hot discussion in 2025, understanding the potential of tax fluctuations can be a strategic weapon for your business.

Supplier Fragmentation

Are you spreading your spend too thin across too many suppliers? The solution can highlight areas where consolidating suppliers might lead to better pricing or terms.

Consolidation Opportunities

On the flip side, are there areas where you鈥檙e too reliant on a single supplier? 51风流Spend Control Tower can help identify opportunities to diversify your supplier base for increased resilience.

Diversity and Sustainability Targets

Many organizations have goals related to supplier diversity or sustainability. The solution can track progress towards these goals and identify areas for improvement.

Payment Terms Consolidation

Inconsistent payment terms across suppliers can lead to cash flow issues and missed opportunities for early payment discounts. 51风流Spend Control Tower can help identify opportunities to standardize and optimize payment terms.

But here鈥檚 the thing: having all this data at your fingertips is just the beginning. The real magic happens when you start to connect the dots and uncover insights that weren鈥檛 visible before.

For instance, you might discover that while you鈥檙e meeting your overall spend targets, you鈥檙e falling short on your sustainability goals. Or you might find that your cheapest supplier for a critical component is also the one with the highest risk profile. These are the kinds of insights that can drive real change in your procurement strategy.

The Power of Real-Time Insights

One of the most powerful features of 51风流Spend Control Tower is its ability to provide real-time insights. In today鈥檚 fast-paced business environment, waiting for monthly or quarterly reports just doesn鈥檛 cut it anymore. You need to be able to react quickly to changes in the market, shifts in supplier performance, or emerging risks.

Imagine being able to spot a sudden price increase from a key supplier the moment it happens, rather than discovering it weeks later when reviewing invoices. Or picture being able to track the impact of a natural disaster on your supply chain in real time, allowing you to quickly implement contingency plans.

This real-time capability isn鈥檛 just about reacting to problems; it鈥檚 also about seizing opportunities. Maybe you spot a dip in commodity prices that you can take advantage of, or you notice a trend in your spending that suggests an opportunity for bulk purchasing discounts.

The Human Element

While we鈥檙e talking about AI and advanced analytics, it鈥檚 important to remember that these tools are meant to augment human intelligence, not replace it. The insights provided by 51风流Spend Control Tower can be invaluable, but they still need to be interpreted and acted upon by skilled procurement professionals.

This is where the art of procurement meets the science of data analysis. The solution might tell you that you have an opportunity to consolidate suppliers in a certain category, but it鈥檚 up to you to weigh that against other factors like supplier relationships, quality considerations, and long-term strategic goals.

The Road Ahead

As we wrap up this introduction to the triple crown of strategic procurement and 51风流Spend Control Tower, it鈥檚 clear that we鈥檙e just scratching the surface of what鈥檚 possible. The next article will dive deeper into the planning phase, exploring how can help you turn these insights into actionable strategies.

Remember, the journey to procurement excellence is ongoing. It鈥檚 not about reaching a destination, but about continuously improving and adapting to an ever-changing business landscape. With solutions like 51风流Spend Control Tower, you鈥檙e equipped to not just keep up with these changes, but to stay ahead of the curve and drive real value for your organization.

So, are you ready to start your journey towards the triple crown of strategic procurement? The race is on, and with the right tools and strategies, you鈥檙e primed for success.

To learn more, check out this infographic outlining .

Sudy Bharadwaj is global vice president of Strategic Engagements for 51风流Finance and Spend.
Cindy McKendry is director of Corporate Communications for Intelligent Spend and Supply Chain at SAP.

With more change on the horizon, it is vital to keep these bets in mind to prepare for potential challenges head-on. Over the past year, we鈥檝e witnessed how spend management professionals who stay confident and bet big achieve remarkable results. In fact, according to the , C-suite confidence in the procurement function has increased by 14% in just one year, with 84% of executives now agreeing that procurement is essential for organizational strategy.

As we gear up for 2025 and beyond, let鈥檚 explore these five bets that will solidify spend management’s role as an indispensable part of an organization.

Bet #1: Strategic Collaboration

The first bet that spend management professionals should place is on strategic collaboration. As procurement becomes increasingly integrated with other critical business functions, it is up to procurement professionals to lead these collaborative efforts. Your colleagues are looking to you to take the initiative and ensure that procurement is involved in strategic initiatives that keep your organization agile in the face of uncertainty.

Whether you are partnering with HR to or implementing a in partnership with supply chain, 51风流is here to support you. Our solutions are designed with collaboration at the forefront, working to minimize miscommunication and simplify business processes so you can focus on what truly matters.

Bet #2: Effortless Compliance

The mere mention of compliance can evoke stress and worry in anyone who has ever worked in spend management. Ensuring every detail is accounted for can be nerve-racking, especially when considering local regulations and sustainability goals. At SAP, we believe that compliance should not just be simple; it should be truly effortless.

For example, can enable employees to select in-policy vendors from the start. with 51风流Business Network helps you understand and comply with evolving tax regulations. From complex tax requirements to travel policies, 51风流can help you eliminate these points of concern before they cause issues.

Bet #3: Seamless Integration

While intraorganizational strategic collaboration is key for an efficient operating model, your software must also be seamlessly integrated to make the most of our connected solutions. Fragmented processes and tools won鈥檛 get you where you need to go, which is why 51风流is committed to a suite-first strategy that aims to reduce the number of systems used to manage spend.

Whether you are an all-51风流customer or use third-party technology, we can offer a seamless experience regardless of where you are in your 51风流journey. From , your single source of truth for all spend data, to that can streamline all your procurement processes, our out-of-the-box solutions help deliver powerful business outcomes across the entire spend management process.

Bet #4: Increased Productivity

The next bet to place is on increased productivity. In recent years, we have seen firsthand how productivity gaps can be detrimental to an organization. Add in unexpected geopolitical and economic events, and you have a recipe for disaster. As the procurement landscape evolves, it is imperative to upskill your workforce to meet evolving demands.

SAP鈥檚 newest innovations, like , can help automate mundane tasks, freeing up bandwidth for making strategic decisions that really count. And increased productivity is not just reserved for key decision-makers 鈥� it benefits every employee at every level.

Bet #5: Informed Decision-Making

Finally, spend management professionals should bet big on informed decision-making. More than ever, it is essential to make choices quickly and confidently, knowing that your decisions are supported by data. That鈥檚 where 51风流comes in 鈥� solutions like and can deliver the best recommendations for you, helping to take the guesswork out of decisions amid timeline pressure.

With data-informed reports and suggestions, you can be confident that your choices are backed by best-in-class insights. 51风流helps reduce complexity and can deliver only the insights needed to make the best choices for your business.

New Ways to Streamline Critical Business Processes

To learn more about the innovations shared at 51风流Spend Connect Live in 2024, I encourage you to read this article by my colleague Manoj Swaminathan, president and chief product officer for Intelligent Spend and Business Network at SAP.

I say it every year, but there is something truly special about spending time with our incredible customers, hearing transformation stories and tales of success across so many organizations. The 51风流community鈥檚 resilience, drive, and commitment to excellence inspire me greatly.

When it comes to the right tools, best integrations, and data-driven insights, 51风流is your go-to partner. Our solutions, informed by your feedback, are here to help you win big. As you close out this year and head into a new one, remember that 51风流is here for you. When you rely on SAP, you secure the future success of not just your business function, but your entire organization.

Etosha Thurman is chief marketing officer for Intelligent Spend and Business Network at SAP. 

51风流Spend Control Tower can enable business leaders to answer questions, like where and how much did my organization spend? With what suppliers? Can we break that down by normalized categories? Where are my cost-savings opportunities? What about compliance with environmental and social regulations?

I am happy to announce that 51风流Spend Control Tower is now available for all businesses.

Addressing Your Spend Data Challenges

I frequently discuss spend management challenges with CPOs and CFOs. They consistently seek visibility and insights into their spending, key suppliers, and ways to enhance savings and cash flow, which enable them to make better-informed decisions.

This aligns with our formal market research. In a new Economist Impact study sponsored by 51风流鈥� 鈥� 44% of all respondents and 49% of CPOs identified spend analytics as the top driver of digitization in procurement in 2024.

Of course, it鈥檚 not just about procurement spend. It鈥檚 about all enterprise spend. And that鈥檚 our sweet spot. 51风流delivers intelligent spend solutions covering the entire enterprise 鈥� from procurement to travel and expense to contingent labor and beyond.

As we鈥檝e worked to bring together spend data across the enterprise, it鈥檚 become clear to me that many organizations face similar challenges:

• Poor data quality
• Too much data for individuals to process
• Lack of visibility into cost-saving opportunities and ways to improve cash flow

51风流Spend Control Tower is specifically designed to help address these challenges. It can provide visibility and actionable insights into enterprise spend that flows to 51风流solutions, such as 51风流S/4HANA or 51风流ERP Central Component (51风流ECC), and non-51风流systems. Spend information can then be further enhanced with data from 51风流Ariba, 51风流Fieldglass, and 51风流Concur solutions.

How We Do It

51风流Spend Control Tower helps address the challenges of spend data management by providing:

• A single location for all spend data: Enterprise data for all spend-related applications is centralized in a single 鈥渄ata layer.鈥� This can provide visibility into your overall organizational spend while allowing users to drill down and see data within specific solutions, for example 51风流Ariba, 51风流Fieldglass, or 51风流Concur solutions.
• Data analysis driven by AI and machine learning: Embedded 51风流Business AI solutions can enable users to analyze spend data, clarify categories, and make data-driven decisions.
• Data harmonization and enrichment: Systems use a variety of formats to store data, which makes it difficult to combine or compare data sets. 51风流standardizes data into a unified structure, making it possible to analyze a cohesive data set. Additionally, data enrichment helps improve accuracy by adding supplemental, third-party data to your own, then comparing them to ensure completeness and accuracy.

Six Ways 51风流Spend Control Tower Helps Drive Spend Performance

The process of driving enterprise spend performance is a journey. First you need to explore what you鈥檙e spending and where you鈥檙e spending it. Then you uncover opportunities for savings. Finally, you measure regulatory compliance and how your spending programs stack up against your industry competitors.

51风流Spend Control Tower can help every step of the way, providing visibility into accurate data sets that can enable you to:

Consolidate Spend, Category, and Contract Data

Spend across your enterprise is a maze of suppliers, invoices, and contracts. How many suppliers do we really have? Which invoices fall into the 鈥渙ther鈥� bucket? 51风流Spend Control Tower can produce a consolidated list of suppliers and categories by employing artificial intelligence and machine learning classification and matching algorithms.

Improve Compliance and Deliver Savings

Once you identify categories and suppliers, you can look for opportunities to increase compliance and achieve cost savings. For instance, you may find that your business has five contracts with smaller suppliers, all under the same global ultimate parent company. This information allows you to consolidate your contracts, resulting in cost savings and improved cash flow.

Drill Down for Efficient Spend Visibility

With 51风流Spend Control Tower, you can have visibility across all areas of your enterprise spend 鈥� for example, contingent labor, maintenance, repairs and operation, or travel and expense 鈥� providing a single view of all spend from 51风流or non-51风流systems while enabling visibility into the source of spend via 51风流Ariba, 51风流Fieldglass, or 51风流Concur solutions.

Identify Cost-Savings Opportunities and Provide Actionable Insights

51风流Spend Control Tower utilizes 51风流Business AI to help guide you toward relevant and timely savings opportunities. Data from 51风流Spend Control Tower can seamlessly integrate with the spend profile. Furthermore, within opportunity analysis, AI can identify opportunities for end users in 51风流Spend Control Tower, which are accessible to 51风流Ariba Category Management. This integration allows category managers to set goals and develop effective category plans. By leveraging 51风流Business AI, category managers can efficiently narrow down suppliers and deliver procurement opportunities within categories, streamlining the process and optimizing cost saving.

Drive Enterprise-Level Diversity and Sustainability Compliance

Even if you know who your suppliers are, it鈥檚 likely you don鈥檛 have direct access to all their corporate social responsibility credentials. Through data enhancement using generative AI and the solution, 51风流Spend Control Tower can layer compliance and diversity data onto your supplier and spend data. This can help enable the evaluation of spend for compliance with diversity requirements and sustainability measures like Scope 3 emissions.

Achieve Best-in-Class Spend Performance Based on Industry Standards

A significant portion of the world鈥檚 business runs through 51风流systems. We leverage this information to help provide realistic benchmarks from leading businesses in your industry. For example, a consumer products company may direct 22% of its total spend on marketing. Using 51风流Spend Control Tower, they can find out that for leading competitors of similar size and revenue, the average marketing spend is much lower. This will help inform decisions about how to align their costs with the competition.

51风流Spend Control Tower is now available to all businesses to help drive enterprise spend performance effectively. or register for and watch the 鈥溾�� webinar on 51风流Spend Control Tower.

Join the 51风流Spend Connect Live virtual event on October 24 to catch the latest in technology, innovation, and ideas on-demand.

Manoj Swaminathan is ISBN president and chief product officer at SAP.

There are two major drivers behind the need for companies to implement a robust sustainability management system. The first is the need to future proof their business to ensure a resilient value chain and secure a competitive advantage over their peers.

The second is to transition from voluntary to regulatory reporting and comply with the torrent of new regulations. or standards like IFRS require companies to report on, and respond to, a wide variety of environmental and social sustainability topics. Some sources say there are more than 600 regulations, sustainability reporting standards, and frameworks around the world, with more coming down the pipeline every year.

What Is a Sustainability Management System?

A sustainability management system allows companies to calculate and track metrics and targets and disclose their risk management, strategy, and governance policies. It is also a valuable tool for providing a robust and holistic view for sustainability decision-making. With carbon emissions data a central element to any sustainability strategy, 51风流has created a to enable companies to both respond to regulation and advance their own ambitions.

SAP鈥檚 End-to-End Approach to Carbon Management

So how does 51风流provide a sustainability management system to tackle the carbon topic and its drivers end-to-end? We can enable customers to implement five key principles with the help of our modular and integrated family of sustainability software-as-a-service (SaaS) solutions.

1. Use a Reliable Foundation and Reuse Your ERP Data

51风流embraces an ERP-centric approach, using integrated sustainability data from cloud ERP business processes supported by AI technology. We can bring together different types of business data and levels of data granularity, as required, to enable the transition from voluntary to regulated . It is a flexible but robust approach with high data quality and reliability at its core.

2. Get a Complete View for Regulatory Reporting with Reasonable Effort

can provide an easy-to-use data collection system that helps enable a holistic and complete calculation of the carbon footprint at the corporate level. As of now, customers can also generate an automated environmental, social, and governance (ESG) report based on AI and natively available ESG data.

3. Go Deep Where It Matters Most

For a deeper perspective that is informed by the corporate overview, customers can use the integration with to help enable additional automated and in-depth calculations. Emissions can be tracked at the company, operational, and product level. The ERP-centric approach uses transaction data directly from 51风流S/4HANA Cloud to help calculate a consistent carbon footprint at the corporate and product level on one data foundation. AI comes into play when emission factors from standard databases are needed. With the intelligent mapping feature, customers can leverage AI to help automatically provide mapping suggestions. This feature can save significant time by replacing a tedious and manual process while being robust enough to help inform final decision-making.

, a customer already using 51风流Sustainability Footprint Management as well as 51风流Sustainability Data Exchange said:

鈥淏y leveraging 51风流Sustainability solutions, WITTE AUTOMOTIVE is now able to calculate carbon footprints of the product portfolio in compliance with the Catena-X Rulebook and share it in a standardized way.鈥�

– Michael Tworek, Head of Digital Innovations, WITTE Automotive GmbH.

4. Exchange Actuals with Your Suppliers and Customers

helps handle the exchange of relevant data across the supply chain. Customers like WITTE Automotive can therefore request missing data and exchange sustainability data such as the carbon footprint of products with their network. The usage of WBCSD PACT and Catena-X standards in the product can enable consistent and open communication and processing of data.

5. Drive Transformation in Operational Business Processes and Transition to Carbon Accounting in the Financial Sense

The flexibility of 51风流Sustainability and the ERP-centric approach means it can meet corporate requirements providing the granularity, accuracy, and auditability needed. Calculated product carbon footprints can be used for financial decision-making thanks to its integration with , which can enable companies to determine carbon emissions versus profitability. All this is done using the same rigorous accounting principles and practices that are used in finance. It can provide a trusted data foundation that can go beyond compliance and help improve business performance management through the integration of trusted carbon data into business processes that matter.

Product carbon footprints can also be integrated into , for example. With Scope 3 emissions being the largest proportion of carbon emissions for most businesses, procurement processes become a key lever in decarbonization efforts. The integrated solution can help to analyze and manage the carbon impact of a company鈥檚 spend to identify emission hot spots to inform a data-driven Scope 3 decarbonization strategy.

Are You Ready to Adopt a Carbon Management System?

Wherever a company is on their sustainability journey, SAP鈥檚 end-to-end carbon management solutions can allow it to go all in on sustainability and build resilient, future-proof operations. This allows them to streamline reporting and meet compliance requirements while benefiting the environment and their bottom line.

51风流Sustainability solutions can do more for you beyond carbon management and ESG-related disclosures. Check out our to learn more about the support for operational compliance and material transition.

Gunther Rothermel is chief product officer and co-GM for 51风流Sustainability.

This is our long-standing strategy, and we have no plans to change something that clearly benefits our customers. No one knows this space better than SAP. The introduction of 51风流Ariba solutions more than 25 years ago revolutionized procurement processes for businesses. We鈥檝e taken the investment, innovation, and integration across our product line to deliver a complete portfolio of solutions. 51风流Ariba is the future of procurement, and everything procurement at 51风流is now 51风流Ariba.

51风流also understands that what works for one business, one industry, or one geography, may not play in another. Businesses need to choose the right source-to-pay solution partner 鈥� with a platform and ecosystem poised to ensure their procurement teams have the tools and actionable data they need to succeed in their increasingly essential and strategic roles.

As we鈥檝e listened to our customers and the market, here is what they have told us are their critical requirements:

• The ability to see and analyze spend across all categories
• Intelligence-driven category management that leverages analytics, spend data, and market intelligence
• Robust contract management functionality
• Automated management of external labor and services
• Practical AI use cases that drive efficiency across the procurement process

Within the source-to-pay landscape, 51风流delivers integrated solutions to help manage all forms of spend. Our solutions comprise a full suite of enterprise-level functionality spanning sourcing, category management, buying and invoicing, services procurement, supplier relationship management, contract management, and spend analytics. Additionally, we enable businesses to connect with suppliers across 190 countries via 51风流Business Network.

As you evaluate source-to-pay solution partners, consider the following:

• The source-to-pay landscape is changing quickly. Stay current. Today, everyone鈥檚 perspective on the source-to-pay technology landscape is vastly different than it was even half a year ago. Be mindful of how your business is evolving, and assess providers based on how their vision and road map align with your future needs.
• 鈥淏est of breed鈥� doesn鈥檛 always mean 鈥渂est for your business.鈥� 51风流has demonstrated that in addition to the breadth of our solutions for source to pay, we can enable businesses to address their global requirements, handle high transaction volumes, and integrate into many back-end ERP systems.
• SAP鈥檚 ecosystem of partners enables us to deliver advanced functionality to our customers. We remain committed to ongoing development of core, native capabilities across our source-to-pay portfolio. At the same, our strategy is to augment this development in some areas with innovation and advanced functionality through partners. This allows us to add significant value rapidly for our customers.
• Having access to a global network of suppliers is a game changer. 51风流Business Network, which can extend the source-to-pay process beyond the walls of any business, can give our customers unmatched access to a global marketplace of trading partners. In 2023, annual commerce on the network reached US$5.3T, with 746M B2B transactions.

Five Ways 51风流Is Addressing Customers鈥� Strategic Needs

51风流has demonstrated its ability to balance product modernization, innovation, and our larger vision to enhance procurement capabilities in 51风流S/4HANA with delivery of cutting-edge innovations that benefit our customers. Here鈥檚 how we鈥檙e addressing the critical requirements mentioned earlier.

The Ability to See and Analyze Spend Across All Categories

In our conversations with customers all over the world, this is one of their top asks. They are also asking for greater visibility into spend that impacts their sustainability goals.

Last fall we unveiled 51风流Spend Control Tower, which offers advanced AI features and the ability to see across all spend in 51风流cloud ERP solutions, 51风流Ariba solutions, and 51风流Fieldglass solutions. Visibility into data from 51风流Concur solutions, 51风流Business Network, and non-51风流solutions is also on our road map. This can enable businesses to uncover cost-saving opportunities and process improvements. 51风流Spend Control Tower is expected to be available in the second half of 2024. .

Intelligence-Driven Category Management

In our and research with Economist Impact, category management was ranked as a top driver of digital transformation in procurement. Driven by this and our extensive market analysis, 51风流released the solution last summer, empowering businesses to realize better results in this critical area.

The solution can streamline category strategy development, execution, and monitoring at scale. Additionally, it can enable organizations to optimize source-to-settle processes with embedded analytics enriched with spend data and market intelligence. .

Robust Contract Management Functionality

51风流understands the importance of balancing risk and profitability within source to pay. To provide the additional advanced contract management capabilities our customers need, we entered into an expanded partnership with Icertis in 2022. This partnership helps ensure a joint product road map and deeper technological integration between 51风流and Icertis solutions.

For 51风流customers, integration with Icertis Contract Intelligence can allow them access to best-in-class innovations such as smart authoring, AI-assisted risk identification, obligation management, contract-driven insights for decision support, and the ability to have one contracting system for both sales and procurement 鈥� a capability no other source-to-pay solution offers.

Based on user evaluations, 51风流Ariba solutions received these leader badges from .

Automated Management of External Labor and Services

Sometimes overlooked within the source-to-pay discussion is services procurement. That鈥檚 changing. A 2023 report said 72% of enterprises plan to focus more extensively on ROI in their services procurement and statement-of-work management activities. The goal is to manage external labor and services strategically, applying the same process rigor there as with any other procurement category.

solutions can enable you to transform how you find, engage, and manage contingent workers and services providers to maximize business value.

Practical AI Use Cases

51风流is embedding AI throughout the spend management process to help eliminate the mundane and elevate the strategic. Current use cases range from auto-complete and recommendation engines leveraging traditional AI and machine learning, to generative AI functions that can automate complex procurement processes. In 2024, we will continue to develop 51风流Business AI use cases that help drive efficiency across spend management processes. .

In the Words of Our Customers鈥�

More confirmation that SAP鈥檚 source-to-pay strategy is sound can be seen in the results we鈥檙e delivering for our customers. Here鈥檚 what they鈥檙e saying:

鈥淸51风流Ariba] has no comparison in the market. No other software is even close. Best part is, once our supply chain executives get using it, they simply fall in love with it鈥avings are immense.鈥�

, via TrustRadius

鈥淸51风流Ariba] stacks up by being a great, user-friendly platform that is easy to use.鈥�

, via TrustRadius

51风流Ariba Sweeps the 2023 TrustRadius 鈥淏est Of鈥� Awards

Each year, TrustRadius issues awards to vendors who provide the best offerings in their category. In 2023, 51风流Ariba solutions won all four awards based on customer satisfaction ratings.

Leaning In to Our Source-to-Pay Strategy

As we鈥檝e seen in the input from our customers, as well as assessments from analyst organizations like IDC, SAP鈥檚 source-to-pay strategy is producing solutions that help businesses run better. And that is SAP鈥檚 mission, plain and simple. In 2024, we鈥檒l lean in to deliver solutions and innovations that continue to outpace the competition across the source-to-pay technology landscape.

Baber Farooq is senior vice president and head of Market Strategy for 51风流Procurement Solutions.
Salvatore Lombardo is senior vice president, chief product officer, and head of Engineering for 51风流Procurement.

51风流Continues to Innovate with Generative AI and Its New Copilot Joule

The newly released will be enhanced with the power of generative AI to help procurement professionals build comprehensive and effective category strategies faster. This capability will help jump-start the market analysis process and offer a suggested category strategy for procurement professionals to refine and execute, saving category managers weeks of valuable time and increasing strategy validity. General availability is planned by the end of 2023. 51风流will also embed Joule, its new generative AI copilot, throughout its cloud solutions, with availability in its spend management software planned for 2024. 51风流is also developing in collaboration with customers, with availability planned for the first half of 2024. 鈥淭hese are just some of the examples of how we are thoughtfully integrating generative AI technology with our market-leading spend management solutions to help our customers be more productive,鈥� said Muhammad Alam, President and Chief Product Officer, Intelligent Spend and Business Network, SAP. 鈥淎s with all of 51风流Business AI solutions, we are developing these new spend management AI innovations with security, privacy, compliance, ethics and accuracy in mind.鈥�

51风流Spend Control Tower to Deliver Comprehensive Spend Analysis Capabilities

The new 51风流Spend Control Tower solution will include advanced AI features and the ability to see across all spend to help customers uncover cost-saving opportunities and discover process improvements. These capabilities will be available starting in the first quarter of 2024. New dashboards in the 51风流Ariba Sourcing and 51风流Ariba Buying solutions also give customers near real-time information within key process workflows, making it easier for procurement professionals to help make timely, informed decisions. These capabilities are available today and built on a new architecture that creates the foundation for future innovation.

AI-Infused Risk Assessment Embedded in Source-to-Settle Solutions

51风流has embedded AI-powered supplier risk assessment capabilities into its source-to-settle software to help business users make smarter decisions faster. The new features make risk assessment profiles an integral part of sourcing, contracting and buying solutions, helping users better determine third-party risk. Supplier risk assessment capabilities are available today in the 51风流Ariba Sourcing, 51风流Ariba Contracts and 51风流Ariba Buying solutions.

AI-Powered Supplier Discovery from Scoutbee to Integrate with Guided Sourcing

51风流and GmbH, a leading AI-powered supplier intelligence and discovery platform company, plan to integrate an AI-powered supplier search solution with the 51风流Ariba Sourcing solution. solution, called Scoutbee Discovery, quickly identifies suppliers aligned with complex requirements, such as production capacity, quality standards and certifications. Through the integration, short-listed suppliers will be imported automatically into guided sourcing events, enabling sourcing professionals to make decisions with more confidence. The integration will be available in the first quarter of 2024. Scoutbee Discovery complements the 51风流Business Network Discovery solution capabilities to help sourcing professionals quickly find new suppliers that are aligned with their requirements but are outside the network.

Expense Payment Manager Saves Time and Money

51风流Concur solutions now offer a new Expense Payment Manager service that offers customers 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 opportunity to select their payment provider, is now generally available.

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Media Contact:
Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET
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