SAP Spend Connect Live 2023: SAP’s new Gen AI tools

The newly released SAP Ariba Category Management solution is being enhanced generative AI to help procurement teams build effective category strategies faster. 

The capability is designed to accelerate 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. 

When are SAP’s new gen AI tools available?

General availability is planned by the end of 2023. SAP will also embed Joule, its new generative AI copilot, throughout its cloud enterprise portfolio, with availability in SAP spend management solutions planned for 2024. 

SAP is also developing additional use cases in collaboration with customers with availability planned for the first half of 2024.

“These 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,” said Muhammad Alam, president and chief product officer, SAP Intelligent Spend and Business Network. 

“As with all of our Business AI solutions, we are developing these new spend management AI innovations with security, privacy, compliance, ethics and accuracy in mind.”

What other announcements have there been at SAP Connect 2023?

SAP Spend Control Tower to deliver comprehensive spend analysis capabilities 

The new SAP 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 SAP Ariba Sourcing and  SAP Ariba Buying solutions also give customers near real-time information within key process workflows, making it easier for procurement professionals to help make 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 

SAP has embedded AI-powered supplier risk assessment capabilities into its source-to-settle solutions 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.  SAP supplier risk assessment capabilities are available today in the SAP Ariba Sourcing, SAP Ariba Contracts and SAP Ariba Buying solutions. 

AI-powered supplier discovery from Scoutbee to integrate with guided sourcing  

SAP and Scoutbee, a leading AI-powered supplier intelligence and discovery platform company, plan to integrate an AI-powered supplier search solution, with the SAP Ariba Sourcing solution. The solution, called  Scoutbee Discovery, quickly identifies suppliers aligned with complex requirements such as production capacity, quality standards and certifications. Through the integration, shortlisted 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  SAP Business Network Discovery capabilities to help sourcing professionals quickly find new suppliers that  are aligned with their requirements, but are outside the network. 

Expense Payment Manager 

SAP Concur has launched a new Expense Payment Manager solution that offers customers the ability to  reimburse employees in more than 25 currencies. A streamlined payment process saves time 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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Other magazines that may be of interest - Supply Chain Magazine | Sustainability Magazine

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