Procurement execs welcome SAP Spend Control Tower
SAP's newly launched Spend Control Tower solution includes advanced AI features and the ability to see across all spend areas to help customers uncover cost-saving opportunities and find process improvements. The new capabilities will be available starting in the first quarter of 2024.
The company also announced that new dashboards in SAP Ariba Sourcing and SAP Ariba Buying give customers near real-time information within key process workflows, making it easier for procurement professionals to make informed decisions.
For the past year, Muhammad Alam, President and Chief Product Officer of SAP Intelligent Spend and Business Network has been speaking with SAP customers, gaining an understanding of their spend management challenges and envisioning solutions to address them. This includes assessing the buzz around AI, to separate hype from real promise.
“In the hundreds of conversations I’ve had with customers in the past year, the top request was to be able to see and analyse their spend across all categories,” Alam says. “And by ‘spend’ I mean more than just the financials. Today, spend also means the carbon emissions impact across all categories.”
SAP Spend Control Tower offers AI features and the ability to see across all spend – in SAP solutions including cloud ERP, Ariba, Fieldglass, Concur, and SAP Business Network. The aim is to uncover cost-saving opportunities and process improvements, beginning in the first quarter 2024.
Alam saya he is also excited about AI "driving Scope 3 carbon emissions reporting in SAP Spend Control Tower”.
He adds: "All spend data is rationalised in a unified data model, as part of our next-generation data lake, the Supplier Data Platform. Three years in the making, it is the backbone for our spend analytics. In addition to fuelling Spend Control Tower, it also enables embedded spend insights in our applications and powers our generative AI innovations."
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Other magazines that may be of interest - Supply Chain Magazine | Sustainability Magazine
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