July 16, 2024

Sapphire 2023: SAP’s Vision for Future-Ready Business Comes to Power

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At Sapphire 2023, SAP’s vision for future-proofed business in the age of AI comes to life

At SAP Sapphire in Orlando, SAP SE unveiled sweeping innovations and collaborations that equip customers to tackle an uncertain future with confidence. With breakthrough announcements including responsible AI built into business solutions, ledger-based accounting for carbon tracking, and industry-specific networks to bolster supply-chain resilience, SAP is helping customers transform their business models in the cloud, put sustainability at the center of their operations, and boost agility to succeed amid ongoing change. 

SAP CEO Christian Klein

“In a world marked by market disruptions, shifting regulatory landscapes, and critical skills shortages, customers continue turning to SAP for the solutions they need to solve their most pressing problems,” said SAP CEO Christian Klein. “The innovations we’re announcing at SAP Sapphire draw on our rich legacy of responsibly developed, groundbreaking enterprise technology designed with decades of industry and process expertise to ensure our customers thrive, both today and in the future.” 

At the dawn of a new AI era, SAP is strengthening its commitment to embed powerful AI capabilities across its portfolio to help customers solve business-critical problems in the flow of work.

Customers can use SAP Business AI with confidence because it is built responsibly. Today, SAP is announcing a raft of advancements to SAP Business AI, including innovations that personalize customer engagement, make procurement more productive and expand organizations’ abilities to find and develop critical talent across their entire workforce.

Industry sources added that SAP also draws on the strength of its rich ecosystem to benefit customers. Yesterday SAP announced the next step in its long-standing partnership with Microsoft. The companies will collaborate on integrating SAP SuccessFactors solutions with Microsoft 365 Copilot and Copilot in Viva Learning as well as with Microsoft’s Azure OpenAI Service to access powerful language models that analyze and generate natural language. The integrations will enable new experiences designed to improve how organizations attract, retain and skill their people

Fifty years ago, SAP revolutionized financial accounting with enterprise resource planning (ERP) software. Today, SAP reinvents the “R” in ERP by extending the definition of resources to include carbon.

Amid rapidly changing regulatory requirements and rising stakeholder pressure to operate sustainably, enterprises need an accounting system for emissions that is as auditable, transparent and reliable as their financial data accounting. With SAP’s new green ledger initiative, which moves companies from carbon estimates to actual data, companies can manage their green line with as much visibility, accuracy and confidence as their top line and bottom line.

Industry sources revealed that SAP is announcing an update to the SAP Sustainability Footprint Management solution, a single solution that calculates and manages the full range of corporate, value chain and product-level emissions. SAP is also announcing the SAP Sustainability Data Exchange application, a new solution for enterprises to securely exchange standardized sustainability data with partners and suppliers so they can decarbonize supply chains faster.

SAP’s green ledger initiative is planned to become part of the RISE with SAP and GROW with SAP solutions.

SAP also announced a host of innovations across the rest of its portfolio. For example, drawing on the success of SAP Business Network, a comprehensive B2B collaboration platform where some US$4.5 trillion of trade is conducted annually, SAP announced SAP Business Network for Industry. This offering combines the benefits of networked supply chains with SAP’s unique industry expertise to help customers across consumer products, high tech, industrial manufacturing and life sciences boost supply chain resilience quickly

Innovations launched across the SAP Business Technology Platform dramatically accelerate business process organization and enable enterprise automation at scale. Advancements in SAP Signavio solutions mean customers get critical process insights in hours, not days. Updates to SAP Integration Suite bring together holistic processes across SAP and non-SAP systems on-premise and in the cloud. And new event integration capabilities in SAP’s low-code offering, SAP Build solutions, give business experts the power to trigger automation across all business processes.

As customers face increasingly fractured data landscapes, SAP also recently built on its commitment to open data that increases customers’ ability to uncover deep, actionable business insights with an extensive expansion of its partnership with Google Cloud. The comprehensive open-data offering enables customers to build an end-to-end data cloud that brings data from across the enterprise landscape using the SAP Datasphere solution together with Google’s data cloud.

SAP also doubled down on its commitment to upskilling two million people worldwide by 2025 as the need for top-notch professional developers continues rising along with the increasing pace of technological innovation. The company announced new programs to meet the growing demand for SAP experts across its ecosystem to continue driving customers’ ongoing business transformation in the cloud.

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