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, 麻豆原创 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 麻豆原创, 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 麻豆原创 Business Network helps you understand and comply with evolving tax regulations. From complex tax requirements to travel policies, 麻豆原创 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 麻豆原创 is committed to a suite-first strategy that aims to reduce the number of systems used to manage spend.

Whether you are an all-麻豆原创 customer or use third-party technology, we can offer a seamless experience regardless of where you are in your 麻豆原创 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.

麻豆原创鈥檚 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 麻豆原创 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. 麻豆原创 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 麻豆原创 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 麻豆原创.

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 麻豆原创 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, 麻豆原创 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 麻豆原创 is here for you. When you rely on 麻豆原创, 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 麻豆原创. 

If you missed out on the action, we unveiled the following cutting-edge innovations in our market-leading solutions:

• is our newest solution that helps automate procurement request creation and orchestrate routing and support across diverse procurement landscapes and complex workflows. It can connect different systems into one central location for procurement inquiries and status updates, so employees can adhere to your organization鈥檚 policies and comply with necessary regulations.
• 麻豆原创鈥檚 generative AI copilot  will be seamlessly integrated across 麻豆原创 Ariba solutions, 麻豆原创 Business Network, and 麻豆原创 Fieldglass solutions. Joule can enable users to manage their most important tasks quickly and accurately across all areas of 麻豆原创鈥檚 spend management portfolio.  
• The can empower suppliers to find new business, improve match potential, and build relationships with buyers using the network catalog. Available early next year, it includes聽generative AI tools to help suppliers load their full suite of offerings into the network catalog faster and with enhanced product descriptions and summaries.聽
• New can deliver next-level insights into your external workforce for reporting, analytics, and market insights all within 麻豆原创 Fieldglass.

Read this article from my colleague Manoj Swaminathan to learn more about our latest spend management and business network enhancements.

Leading brands such as Goldman Sachs, Kraft-Heinz, Thermo Fisher Scientific, Uber, and Warner Music Group joined us at the event to share how they revolutionized their spend management processes with our solutions. Check out to hear these stories and view breakout sessions, strategy talks, and solution deep dives. This free, virtual event is your opportunity to learn from 麻豆原创 experts, customers, and partners.

Thank You, IDC

As a leader in spend management software, 麻豆原创 is dedicated to helping our customers increase control and business resilience by comprehensively managing all sources of spend. Hard work pays off, as 麻豆原创 has retained the No.1 position for market share with 49.6% of 2023 market share for Travel and Expense Management Software, according to the . This is growth from our 2022 market share of 49.4%. 

Also exciting, 麻豆原创 has retained the No.1 position for market share for Procurement Applications according to the . IDC estimates that 麻豆原创 holds a 27.3% market share for 2023, maintaining the top spot ahead of the next six vendors combined.

Additionally, we鈥檙e honored to win two IDC SaaS CSAT awards for Accounts Payable and Contract Lifecycle Management. These awards recognize the leading software-as-a-service (SaaS) vendors in each application market, across 23 markets, that receive the highest customer satisfaction scores based on IDC’s SaaSPath Survey.

Our Customer Awards Reach New Heights

Every quarter, G2 highlights the top-rated solutions in the industry, chosen by the source that matters most: our customers. Q3 was our most successful quarter yet regarding G2 honors, with 麻豆原创 Ariba, 麻豆原创 Business Network, 麻豆原创 Concur, and 麻豆原创 Fieldglass bringing in a whopping 93 awards across multiple categories at the Fall 2024 G2 awards!

麻豆原创 was named a Leader in the following categories:

• is a G2 Fall 2024 Leader in Procure to Pay, Strategic Sourcing, and Supplier Relationship Management.
• is a G2 Fall 2024 Leader in Supply Chain Business Networks.
• is a G2 Fall 2024 Leader in Expense, Travel & Expense, and Invoicing.
• is a G2 Fall 2024 Leader in Vendor Management.

What鈥檚 more, 麻豆原创 Ariba, 麻豆原创 Concur, and 麻豆原创 Fieldglass have also won Buyer鈥檚 Choice awards from TrustRadius. Winners of a Buyer鈥檚 Choice award are determined by 75% of reviewers selecting a solution for best capabilities, best value for price, and best customer relationship.

We couldn鈥檛 be more grateful to our customers for partnering with us on their spend management transformation journeys, and we鈥檙e honored that the feeling is mutual!

Winning awards from our customers is awesome, but winning with customers is extra special. Last month, customer and 麻豆原创 Spend Connect Live in 2024 speaker Daniel Chapman of Warner Music won a in the Innovation in Sourcing category: 鈥淐reating Harmony in Music Procurement: Warner Music Group and 麻豆原创.鈥� This award recognizes organizations and individuals that show innovation, leadership, and transformation in categories critical to the sourcing industry, and we couldn鈥檛 be happier about this win.

Last but definitely not least, I want to congratulate our customer Capgemini for winning a prestigious from  in the Future of Work: Human Capital Management category. The award recognizes Capgemini鈥檚 innovative use of 麻豆原创 Fieldglass Contingent Workforce Management to optimize its global external workforce, resulting in improved efficiency, cost savings, and quality standards.

New Developments on the Horizon

With 2025 just around the corner, I want to thank our customers for betting big on themselves by investing in our cutting-edge spend management and business network solutions. In a time marked by supply chain disruptions and ongoing economic uncertainty, it’s all too easy for businesses to stick with the status quo. However, 麻豆原创 customers are different. They tackle obstacles head-on, transforming them into opportunities. And their foresight to plan for the future is why they will continue to be successful.

Thank you for choosing 麻豆原创 to help solve your biggest challenges. I enjoyed seeing so many of you at 麻豆原创 Spend Connect Live and I can鈥檛 wait to catch up with the rest of you on the road.

Jeff Collier is chief revenue officer for 麻豆原创 Intelligent Spend and Business Network.

The announcements were made at , the industry鈥檚 premier spend management conference, held October 14-16 in Las Vegas.

麻豆原创 Embeds Generative AI Across Spend Management and Business Network Solutions

麻豆原创 is embedding its generative AI copilot Joule across the 麻豆原创 Ariba source-to-pay solution portfolio to make it easier for customers to manage routine inquiries, such as status updates, summarization and frequently asked questions. Generative AI will be further infused in 麻豆原创 Ariba solutions to recommend buying bundles and provide comprehensive supplier summaries.

Joule will help 麻豆原创 Fieldglass solutions customers perform time-consuming hiring tasks and service requests with speed and accuracy. Joule can recommend best-fit templates to generate job postings and statements of work (SOWs) with prefilled information such as start date and the number of skilled workers needed.

Joule embedded across 麻豆原创 Business Network will facilitate tasks in logistics and asset management. Generative AI will analyze, categorize and transform unstructured invoice rejection errors into structured, actionable insights to reduce the cost of resolving exceptions. Generative AI capabilities within the 麻豆原创 Business Network Discovery solution will help match suppliers with new business opportunities.

Joule is currently available within 麻豆原创 Ariba solutions and will debut in 麻豆原创 Fieldglass solutions and 麻豆原创 Business Network in the fourth quarter 2024. Joule will manage 80% of the most frequently performed tasks in the portfolio of intelligent spend management and business network solutions from 麻豆原创 starting in the fourth quarter 2024 with a phased approach.

New 麻豆原创 Ariba Intake Management Solution Delivers Simplicity in Procurement

麻豆原创 introduces the 麻豆原创 Ariba Intake Management solution to help transform how businesses handle employee requests and process orchestration, starting with procurement.

With 麻豆原创 Ariba Intake Management, employees have one place to go for procurement inquiries and visibility on status. The solution collects employee requests, orchestrates processes across heterogenous landscapes and applications, including all necessary stakeholders, and provides visibility on status while shielding employees from process complexity yet keeping them informed. This simpler, more intuitive user experience is designed to help drive adoption and improve compliance.

麻豆原创 plans to make 麻豆原创 Ariba Intake Management available in the first quarter 2025.

New 麻豆原创 Business Network, Promote Subscription to Help Suppliers Grow their Businesses

麻豆原创 Business Network in the first quarter 2025 will launch a new promote subscription with value-added features to help suppliers differentiate themselves, attract new buyers and grow their businesses. With millions of companies conducting nearly $6 trillion in commerce annually on the 麻豆原创 Business Network, promote presents a sizable opportunity for suppliers to accelerate growth.

麻豆原创 Unveils Analytics Add-On for External Workforce Management

The new analytics add-on with AI capabilities for 麻豆原创 Fieldglass solutions helps procurement, vendor management and HR professionals to quickly implement more agile multi-channel talent strategies. This add-on enables business users to benchmark and predict external talent scenarios.

The analytics add-on for 麻豆原创 Fieldglass solutions lets users:

• Review performance against over 50 external workforce key performance indicators.
• Access global market intelligence including rates, talent supply and demand, and time-to-hire trends.
• Track sustainability initiatives such as spend with diverse suppliers and worker health and safety, while observing cost overruns, worker fatigue, and on- and offboarding compliance.

鈥淲ith 麻豆原创 Business AI as the foundation of our intelligent products, customers can improve productivity and gain insights from their spend data no matter where it sits,鈥� said Manoj Swaminathan, President and Chief Product Officer, Intelligent Spend and Business Network, 麻豆原创. 鈥淲hether it is managing cost, mitigating risk or supporting scope three emission reduction, 麻豆原创 empowers companies with the right solutions for agile and effective spend management and supply chain functions.鈥�

Visit the . Follow 麻豆原创 at .

Media Contact:
Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ.  Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2023 Annual Report on Form 20-F.
漏 2024 麻豆原创 SE. All rights reserved.
麻豆原创 and other 麻豆原创 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 麻豆原创 SE in Germany and other countries. Please see for additional trademark information and notices.

The 麻豆原创-sponsored report offers insights from more than 2,300 C-suite executives spanning multiple countries, regions and industries and examines the pressures facing today鈥檚 procurement teams. As these teams manage risks like geopolitical shifts, supplier threats, and liquidity risks, the surveyed executives emphasize an urgent motivation to improve their procurement operations through agile, innovative, and fast-paced solutions.

Today鈥檚 complex and uncertain business environment has pushed procurement teams to take matters into their own hands. Not only are they accelerating digitalization by adopting emerging technologies like AI, they are driving it by searching for ways to change the procurement operating model.

As Always, It鈥檚 All About Innovation

Procurement officers view driving innovation as one of their function鈥檚 chief objectives. Doing so will help them navigate risks and respond to an evolving consumer environment.

When procurement is truly influential, it is proactive. Teams that understand digitalization and the technologies being acquired have more impact in this area than those that are reactive. Over two-thirds (70%) of the survey respondents agree that procurement is actively involved in developing their wider organization鈥檚 digital transformation strategy 鈥� though whether this is true in the day-to-day may vary from business to business.

If procurement is to play a more integral role in businesses, changes to the function鈥檚 operating model are likely for some organizations, which is why the research also shows that procurement is accelerating its digitalization, including through the adoption of emerging technologies. Approximately 84% of executives are confident in their procurement team鈥檚 ability to apply technology successfully to automate some processes and shift attention to more strategic and complex tasks.

This ability to seamlessly integrate and adopt new solutions will be critical as procurement teams work to balance capabilities, know-how, and expertise from suppliers to achieve the best possible results.

Digitalization Remains a Top Priority

While innovation is at the core of many companies鈥� priorities, C-suite leaders are laser-focused on the solutions that enable their teams to be more efficient, cost-effective, and risk-averse.

More than half (57%) of the C-suite cite digitalization as the top strategic priority for their procurement teams. This emphasis may be fueled by recent advances in generative AI, which is the top technology trend (34%) executives plan to implement in the next 12 to 18 months.

Digitalization efforts can offer real-time capabilities that better address dynamic market challenges and make existing procurement processes more efficient. Data-driven insights allow for more actionable outputs in strategic decision-making and can even impact procurement鈥檚 role in engaging contingent labor. Augmented with AI, they can easily manage contingent labor by streamlining and standardizing recruiting processes like job advertising, resume scanning, expediting background checks, and more.

More efficient intake management also goes hand-in-hand with digitalization. While generative AI occupies the highest priority, intake management is only one percentage point behind it, making it the second-most likely tech trend to be piloted or implemented. 

Value of Multi-Sourcing and Supplier Diversity

The top organizational risk for procurement was monetary uncertainty (49%), as macroeconomic risks can have a large impact on operational external risk. This is a potential factor as to why procurement teams are focused on risk as a longer-term priority.

Updates here can create opportunities like multi-sourcing, which can improve risk reduction and resilience amid growing external threats, and supplier diversity 鈥� driving market expansion through a more diverse supplier base. This can also reduce single-sourcing dependencies to mitigate risks against potential disruptions.

These possibilities prove how companies must make it a mission to improve the quality of data and the models needed to effectively analyze it. Subpar data directly hinders procurement鈥檚 ability to make good decisions, undermining its overall effectiveness and derailing successful digitalization before it takes hold.

Executives Agree: Time to Go All-In on AI

No other strategic priority attracts nearly as many responses as a priority across all industries as digitalization. However, respondents also agreed on one other key topic: the role that AI will take in the digitalization journey.

Adoption of an AI strategy stands at the joint top of executives鈥� list of digitalization priorities for procurement, alongside spend analytics, both cited by 44%. Almost half (48%) of executives aim to use AI to improve procurement processes through source-to-pay and AI-enabled spend management and decision support.

As the main drivers for digital transformation in procurement, these two objectives are complementary. AI tools can read a contract to evaluate clauses and suggest how they can be improved. It can also enhance data management, streamlining the processes needed to make key procurement decisions.

Fully digitalizing procurement operations has been on the function鈥檚 agenda for several years, but it is a continuous challenge. It is a process that does not have an endpoint, particularly as technologies advance quickly. The leading technologies from just three years ago pale in comparison to what can be accomplished today, which require knowledge across software development, APIs, and AI.

Therefore, success in building a thorough and adaptable AI strategy requires top-level expertise. Acquiring the necessary skills could entail considerable organizational and cultural change in procurement and across the business 鈥� extending beyond the structural shifts and developing new ways of working to build these skills.

The Start of a Procurement Renaissance

Across industries, procurement is already finding new ways to add value to the organization. But now that chief procurement officers and their teams are more consistently gaining a seat at the decision table, the challenge is to keep it.

The ongoing state of disruption offers ample opportunity for procurement teams to continue evolving and demonstrate their worth. Above all, improving collaboration with other business stakeholders will be the key to strengthening procurement鈥檚 role within the organization. Today鈥檚 technology-driven initiatives are as much a human challenge as they are a technology one, and when organizations are planning these initiatives it is clear that they need to consider people, process, and technology in equal measure to ensure success.

For more about the findings from this year鈥檚 Economist Impact report, tune in to this podcast hosted by Art of Procurement: .

Gordon Donovan is global vice president of Research, Procurement, and External Workforce at 麻豆原创.

Beneath the glow of its famed neon lights, the city is set to play host to the world鈥檚 premier spend management conference, where 麻豆原创 will showcase the increasingly vital role played by AI-enabled cloud solutions in shaping the flow of business-to-business commerce 鈥� and in ensuring the transparency needed for trading partners to foster collaboration, gauge sustainability, and bolster resilience throughout global supply chains.

To carry out business processes with confidence and continuity amid uncertain market conditions 鈥� from procurement and supply chain to logistics and asset management 鈥� organizations rely on an unending stream of data amassed through the routine course of operations. A firm鈥檚 growth prospects typically correlate with its access to such data, both its own and that of its trading partners. The higher the quality of that data, the more valuable the insights it contains, particularly when analyzed by emerging AI capabilities. At a time when operational data increasingly determines competitive advantage, businesses have turned to cloud-based networks to harness its potential. Operational data has thus become one of the most precious resources in any organization.

Of course, successful businesses have always set themselves apart by access to scarce resources. But did you know the same holds true for world-class cities as well?

Settled in 1905 as a rail link between Salt Lake City and Los Angeles, the sleepy stopover known as Las Vegas was an unlikely candidate to become a century hence. Limited in arable land, much of the region lay fallow in the early twentieth century. But with the opening in 1936 of the Hoover Dam only 50 kilometers to the southeast, a city was born and a spectacular growth story begun. The world鈥檚 largest public works project of its day, construction of the dam required 21,000 workers to excavate 4.2 million cubic meters of rock, lay 937 kilometers of pipe, and pour 3.5 million cubic meters of concrete 鈥� enough to pave a highway stretching from Lisbon to Lapland.

Completed more than two years ahead of schedule in the depths of the Great Depression, the Hoover Dam soars 221 meters over the Colorado River, irrigating 1 million hectares of farmland in California, Arizona, and Nevada. It provides drinking water for urban centers including Phoenix, Tucson, Los Angeles, and Las Vegas and produces 4 billion kilowatt-hours of sustainable hydroelectric power annually for millions of homes and businesses across the southwestern U.S.

For nearly nine decades, the Hoover Dam has served as a conduit through which water and electricity flow in abundance, giving rise to a thriving city synonymous with legendary entertainment, a resplendent skyline, and limitless opportunity. For its part, too is a conduit for exponential growth. But the precious resource it distributes is operational data, and its beneficiaries are the millions of trading partners that conduct business through its enterprise applications augmented by .

Powerful business networks, not unlike mighty hydroelectric dams, represent marvels of engineering, feats of architecture, and transformative solutions to formidable operational challenges. With this in mind, I鈥檓 hard pressed to think of a more fitting backdrop to spotlight our latest 麻豆原创 Business Network innovations than the gleaming city of Las Vegas and the vivid growth story it embodies. Please join us there for , where we鈥檒l explore how customers are countering disruption, extending visibility, reducing costs, infusing sustainability, and strengthening resilience throughout their interconnected operations and those of their trading partners. We鈥檒l devote extensive discussion to the broadening set of capabilities within 麻豆原创 Business Network鈥檚 trading partner experience, aimed at optimizing value for all of the disparate parties engaged in business-to-business transactions. You can bet on an engaging, enlightening set of sessions led by peers; and I hope to see you there.

J枚rn Keller is executive vice president and chief product officer of 麻豆原创 Business Network.

Join your peers at the industry鈥檚 premier spend management event from October 14鈥�16. Get ready for an impactful experience with breakout sessions, hands-on demos, powerful keynotes, and a celebratory finale in the City of Lights! This year, we are offering a special discount 鈥� keep reading to learn more about the event and registration deal.

As business continues to move at a frenzied pace with changing dynamics around every turn, agile and effective spend management and supply chain functions are essential to keep up. Whether it is driving cost management, digitizing manual processes, or staying ahead of changing regulations, 麻豆原创 can help you bring out your best. After our at , I am looking forward to diving deeper into what鈥檚 in store across 麻豆原创鈥檚 spend management and business network portfolio.

Over the course of the event, we will share insights and discuss top-of-mind business challenges, opportunities, and priorities. Aside from the dazzling lights, top-notch dining, and world-renowned shows, here are some other reasons you should join me in Las Vegas for 麻豆原创 Spend Connect Live in 2024.

Hear How Other Organizations Are Transforming Their Spend Management Strategy

Between customer sessions, keynotes, and informal networking, we have so many opportunities for you to hear from your peers. In addition to keynotes, several breakout sessions will feature how customers are using 麻豆原创 solutions to help fuel their spend decisions across procurement, external workforce, travel and expense, working capital management, and business collaboration.

Learn How AI Can Transform Your Business

According to this year鈥檚 , 44% of the spend management executives who were surveyed listed AI strategy as their top driver for digital transformation. AI has quickly proven to be a powerful asset for agile, efficient decision-making, and it is here to stay. There are several AI-focused session offerings at 麻豆原创 Spend Connect Live where you will have the opportunity to:

• Learn how built-in AI capabilities help create resilient supply chains through customer demand prediction and suggested adjustments.
• Join a to learn about recent and upcoming product innovations, like how we are integrating Joule into our spend management solutions to help bring natural language processing to day-to-day processes.
• Participate in a to discover how 麻豆原创 Business AI use cases can apply to your business needs.
• Attend a to learn about scenarios within 麻豆原创 Fieldglass and 麻豆原创 Ariba solutions where AI makes a big impact.
• Learn how to leverage AI-based predictive analytics to help create dynamic supply chains that react and respond in real-time.

Attend Keynotes, Breakout Sessions, and Demos Aligned to Your Unique Business Needs

With over 120 sessions delivering content about the latest market trends and industry innovations, it is a sure bet that you will leave with ideas about how to shape your spend management strategy and meet your business challenges. You will have your choice of road map sessions, solution deep dives, and even hands-on master classes. This year, you can look forward to must-see sessions such as:

• Supercharge workforce management strategy with generative AI and analytics
• Revolutionize sourcing success with 麻豆原创 Ariba Category Management
• Cutting costs that count: Transform your travel spend
• Build stronger supply chains with 麻豆原创 Business Network
• AI in action: Transforming procurement and supply chain dynamics

Browse the and find the full to plan your agenda.

Network with Experts, Peers, and 麻豆原创 Leadership in the Marketplace

Our attendees consistently report that the Marketplace is one of their favorite things about 麻豆原创 Spend Connect Live. The Marketplace is your innovation destination 鈥� a one-stop shop to connect with partners, subject-matter experts, and executives while learning how to make the most of your 麻豆原创 solutions. Explore each part of 麻豆原创鈥檚 spend management portfolio with demos for hands-on learning, booths to discover members of the 麻豆原创 partner ecosystem, and 鈥渆xpert bars鈥� where you can get answers to solution-specific questions. This year, we are introducing new ways to expand your knowledge with free, 30-minute, one-on-one solution consulting sessions and adoption labs where you can learn how to optimize your solutions.

Deepen Your Expertise with Exclusive In-Person, Pre-Conference Trainings

Make the most of your conference experience with on-site training at 麻豆原创 Spend Connect Live. These comprehensive, expert-led sessions will help increase your expertise in an era where upskilling is of the utmost importance. Take the opportunity to learn something new that will enable you to help achieve your organization鈥檚 procurement goals. Space is limited, so to secure your spot.

Connect with Peers at Celebration Night and Make a Difference at the Els Autism Charity Golf Tournament

Have you really visited Vegas if you haven鈥檛 had an awesome night out? With over 80,000 square feet of entertainment 鈥� including bowling lanes, six on-site bars, and live music 鈥� Celebration Night at will be one to remember. Don鈥檛 forget to catch mentalist Oz Pearlman for mind-boggling illusions!

In the mood for golf? Participate in the Els for Autism Charity Golf Challenge to make a difference in the lives of those living with autism and those who care for them. Space is limited, so be sure to reach out to your account executive to participate.

Take Advantage of the 鈥淏uy 4, Get 1 Free鈥� Registration Deal

Remember: what happens in Vegas鈥�蝉丑辞耻濒诲苍鈥檛 stay there! Join us this fall for a dynamic experience that will leave you with the tools to help bring out the best in your business.

Ready to sign up, but unsure how to get approval? Download our 鈥溾�� template to explain why your company needs representation at 麻豆原创 Spend Connect Live in 2024!

Etosha Thurman is chief marketing officer for Intelligent Spend and Business Network at 麻豆原创.  

At 麻豆原创, we鈥檝e designed our spend management and business network solutions with this in mind. , , , and help you spend less time bogged down by tactical work, giving you more time to focus on strategic initiatives.

Our market-leading solutions help provide complete visibility into your company spending, so your decisions are smarter and your time and money saved. And with AI becoming ubiquitous, we鈥檙e automating repetitive tasks and analyzing enterprise-wide spend analytics to identify tail spend, improve compliance, and identify rapidly increasing costs.

Artificial Intelligence Is Changing Everything About Enterprise Software

AI is revolutionizing the global business landscape and 麻豆原创 is at the forefront. We continuously embed new AI capabilities into our software to deliver intelligent spend management solutions to our customers. With our AI-infused products, work 鈥� and your workforce 鈥� can be more productive and supply chains more resilient.

At 麻豆原创 Sapphire in June, we announced more time- and cash-saving product enhancements that provide generative AI capabilities. Here are several of them:

• help procurement departments streamline the recruitment of external workers. Hiring managers can generate and maintain effective job descriptions, while project managers can deliver detailed statements of work (SOWs) more rapidly with the press of the 鈥淓nhance with AI鈥� button. This can enable businesses to quickly identify and engage contractors with the right skills and qualifications.
• Business owners and sales executives can now benefit from to help generate accurate and timely RFI responses to potential buyers consistently. This can result in a 2-4 times* increase in lead conversion and can reduce effort in responding to requests by up to 75%*.
• , which can quickly sort and contextualize data from multiple systems to help advance automation and improve decision-making, is expanding throughout 麻豆原创鈥檚 portfolio and will be embedded in 麻豆原创 Ariba solutions to help improve procurement processes and supply chain planning by the end of 2024.

The AI enhancements mentioned above are only a few examples of how we鈥檙e transforming spend management and how businesses approach procurement through AI. Check out our to see which new features will soon be available at your fingertips.

With the , I would be remiss in not mentioning that ! Released in April, connected customers can book tickets directly on the Amtrak website or mobile app, select the business booking path, and see their company鈥檚 negotiated rates while browsing. With skyrocketing airline ticket prices and the extra legroom, I鈥檓 on board with taking Amtrak to my next customer meeting.

Our Customers Are Winning

I could talk all day about how our customers are winning with 麻豆原创 spend management and business network solutions, but these customer examples speak for themselves:

• needed to meet growing demand as a global leader in autonomous mobility with business units for robotaxi, robotruck, and personally owned vehicles. After implementing 麻豆原创 Business Network and 麻豆原创 Ariba solutions, procurement cycle times were reduced by one week on average and the supplier qualification verification process sped up by three times.
• With the introduction of Japan鈥檚 electronic bookkeeping law, , a logistics real estate company, seized the opportunity to digitalize its expense reimbursement process and align with the new regulations simultaneously. It selected to help automate processes and eliminate manual workflows and now spends 80% less time on the expense reimbursement process.
• When wanted to gain deeper insights into its services-based spend activity and align procurement with environmental, social, and governance (ESG) commitments, the firm embraced 麻豆原创 Fieldglass solutions. With rich data on how suppliers deliver against an agreement, Accenture can now effectively tie services spend to individual contracts.

It’s Great Being #1

New honors from Ardent Partners, Procurement Magazine, and TrustRadius have us buzzing with gratitude.

Ardent Partners has positioned 麻豆原创 Fieldglass as a Market Leader in its .** It reads, 鈥溌槎乖� Fieldglass has consistently set the bar for the extended workforce solutions industry through a blend of innovation, advanced analytics, and total talent management functionality.鈥� For a more in-depth view of this win, check out this article from my colleague Vish Baliga.

Ardent Partners has also positioned 麻豆原创 as a Market Leader in its report.*** The firm evaluated 麻豆原创 Ariba Spend Analysis, 麻豆原创 Ariba Sourcing, 麻豆原创 Ariba Contracts, 麻豆原创 Ariba Supplier Lifecycle and Performance, and 麻豆原创 Ariba Supplier Risk, determining that 鈥溌槎乖� has a very broad and deep set of solutions that expand well beyond strategic sourcing. Within strategic sourcing, 麻豆原创 has one of the strongest functional offerings, covering the needs of most user groups.鈥�

Procurement Magazine is an established, trusted, and leading voice on all things procurement, and we are honored that our 麻豆原创 spend management solutions are ranked No. 1 in two of their recent lists:

• on the Top 10 Mobile Procurement Apps List.
• on the Top 10 Spend Analyst Platforms List.

In May, TrustRadius announced that 麻豆原创 is the winner of 11 Top Rated awards in 2024. This includes all our flagship offerings in our spend management portfolio:

•  鈥� Procurement, Expense Management, and Supply Chain Management
•  鈥� Leader in Workforce Management, Vendor Management Systems (VMS), Contractor Management, and Freelance Management
• 聽鈥� Leader in Expense Management, Accounts Payable, and
•  鈥� Supply Chain Visibility Procurement

The  are annual awards that recognize the most trusted and reliable vendors on TrustRadius, based solely on customer satisfaction ratings in customer reviews. 麻豆原创 owes this recognition to our valued customers. Thank you for constantly inspiring us to be better. 

Join Us at 麻豆原创 Spend Connect Live

I hope to see you at the world鈥檚 premiere spend management conference, , which takes place October 14-16, 2024 in Las Vegas, Nevada. This event is a sure bet to learn how to achieve full visibility into your enterprise spend through 麻豆原创鈥檚 spend management solutions for procurement, external workforce, travel and expense, and business network.

Meet me at the intersection of procurement and supply chain to learn how analytics and 麻豆原创 Business AI can provide visibility into both. 麻豆原创 Spend Connect Live is a unique, in-person networking experience, where you鈥檒l connect with procurement and supply chain leaders from businesses and industries worldwide to share ideas, learn from each other’s success, and discuss best practices.

To learn more and register, visit the .

Jeff Collier is chief revenue officer for 麻豆原创 Intelligent Spend and Business Network.

*Disclaimer: Values mentioned in this blog post are estimates based on average industry benchmark numbers, resulting from an 麻豆原创 analysis. Customers interested in a specific business case calculation can consult their 麻豆原创 account team.
**Ardent Partners鈥� 2024 Vendor Management System (VMS) Technology Advisor is designed to help procurement, human resources, human capital, and talent acquisition executives navigate the complex and mature VMS solutions marketplace. This report analyzes and assesses the primary VMS solution providers in the marketplace today. You can .
***Ardent Partners鈥� 2024 Strategic Sourcing Technology Advisor is designed to help sourcing and procurement leaders navigate the strategic sourcing solution provider market. This report analyzes and assesses solution and market leaders in the strategic sourcing space today. You can .

Having so many brilliant customers, partners, and colleagues in the same place at the same time is incredibly special. What鈥檚 doubly special is how my own enthusiasm was often eclipsed by our customers about our latest developments in artificial intelligence (AI).

New Intelligent Spend Management Solutions from 麻豆原创

At 麻豆原创 Spend Connect Live, we showed how 麻豆原创 is infusing generative AI technology into our suite of spend management solutions. This includes , which became generally available to customers in August.

麻豆原创 Ariba Category Management can empower category managers to use data insights strategically to help identify trends, develop and implement strategies, and evaluate success relative to tangible business metrics. And with the upcoming integration of large language models through 麻豆原创 Business AI, it can empower procurement professionals to jump-start category strategy development and planning.

Speaking of new solutions, from 麻豆原创 Concur launched in September. It helps automate the reimbursement process so you can securely, accurately, and quickly pay corporate cards or employees directly. This efficient service can free accounts payable teams to focus on high-value activities while helping to reduce the errors that accompany repetitive, manual tasks. With economic uncertainties like inflation and the slowdown of global growth, Expense Payment Manager can help ensure your dollars work on your terms.

Hear from Our Customers

Also at 麻豆原创 Spend Connect Live, an amazing lineup of customers demonstrated the power of effective spend management. I鈥檇 like to share stories from two of our customers, Save the Children International and Medical Procurement of Ukraine, that were featured in the keynote:

(SCI) is working to build a world where every child can thrive, grow up healthy, educated, and safe, and look forward to a future full of promise. Working in the world鈥檚 most challenging environments, the quicker and more efficiently it responds, the more lives it reaches. SCI transformed its operations from spending US$400 million a year for procurement using Microsoft Excel and paper to having 100% supplier visibility and a 30% reduction in procurement lead times with 麻豆原创 Ariba solutions.

Medical Procurement of Ukraine (MPU) is a state-owned entity responsible for centralized procurement of medical supplies and equipment on behalf of the Ministry of Healthcare of Ukraine. It uses digital procurement solutions from 麻豆原创 to help rapidly source medicines and medical supplies through a challenging supply chain impacted by war. 麻豆原创 Ariba solutions provide access to a huge international market, allowing MPU to cooperate with manufacturers of the latest high-quality medical products. It is doing all of this while ensuring compliance with international standards, including anti-corruption, which is an important driver for MPU.

I鈥檇 be remiss to not share two more customer stories that showcase the potential for organizations of all sizes to achieve significant improvements in their operations:

Microsoft Excel spreadsheets and paper receipts are now a thing of the past at (MRN). This UK-based, market-leading clinical trial support organization wanted a single solution for expense and invoice management processes. Before implementing 麻豆原创 Concur solutions, it used to take two to three working days a month for a team of five people to process invoices manually. Now, MRN has halved the amount of time spent on this process and can focus more on strategic activities.

Global science and technology company knew it was time to adopt advanced technology capabilities in its business to address growing customer expectations and increasing business complexities. In the 12 months since implementing 麻豆原创 Business Network and 麻豆原创 Ariba solutions, Merck has seen a 40% uptick in sales in B2B channels. It has also increased the share of its digital channels by 15%, helping reduce operating costs. With 麻豆原创 as its technology centerpiece, we make Merck run better.

We Are Honored

Out of all 麻豆原创 solutions, 麻豆原创 Ariba is reaching Meryl Streep-status when it comes to winning awards. Last quarter, Procurement Magazine placed us as either No. 1 or No. 2 in the following lists:

Congratulations dsm-firmenich!
Sourcing Industry Group, the premier global sourcing association, recently awarded 麻豆原创 and our customer dsm-firmenich the at its Future of Sourcing Awards celebration. This prestigious award honors our work with them in building a cutting-edge procurement process that champions sustainability.

G2 Leaders
麻豆原创 Concur and 麻豆原创 Fieldglass joined 麻豆原创 Ariba as G2 Leaders in its fall 2023 awards.

• is named a leader in Expense Management, Invoice Management, and Travel Management.
• is named a leader in Vendor Management.
• is named a leader in Procure-to-Pay, Strategic Sourcing, Purchasing, Contract Lifecycle Management (CLM), Contract Management, Invoice Management, Supplier Relationship Management, and AP & Spend Analysis.

TrustRadius Corporate Social Responsibility Honor
I鈥檓 also thrilled that 麻豆原创 Concur is this year鈥檚 , which is only awarded to companies that have an outstanding commitment to corporate social responsibility in the tech industry.

Take Advantage of the Virtual Experience!

麻豆原创 Spend Connect Live was only the beginning! By , you can receive on-demand content available through the end of the year. This is your opportunity to see what鈥檚 on the horizon for intelligent spend management solutions from 麻豆原创 and 麻豆原创 Business Network with full keynote presentations, more than 20 breakout sessions for those interested in procurement, supply chain, or external workforce management, and additional on-demand learning opportunities.

The best part is that it鈥檚 completely free, so use this resource to your advantage.

Jeff Collier is chief revenue officer for 麻豆原创 Intelligent Spend and Business Network.

Muhammad Alam鈥檚 opening keynote supercharged 麻豆原创 Spend Connect Live with the announcement of and how it can help businesses see and analyze their spend across all categories. We also saw how 麻豆原创 is using artificial intelligence (AI) to drive scope 3 carbon reporting within total spend management.

On the procurement side, we鈥檝e had so much news to share. This includes demos of ; the ; and Joule, the embedded AI copilot in 麻豆原创 Ariba Sourcing. We also provided a sneak peek at the future of supplier management 鈥� we’re referring to as “the new supplier 360” that can deliver instant access to risk data, AI-powered sustainability information, and operational evaluation to help track metrics like price variance.

We put the world on notice that 麻豆原创 Ariba solutions are the future of procurement, and that future is already a reality. We鈥檝e taken the investment, innovation, and integration across our product lineup 鈥� successes we relived together 鈥� to deliver a complete portfolio. Everything procurement at 麻豆原创 is now 麻豆原创 Ariba.

Eliminate the Mundane. Elevate the Strategic.

You may have noticed that while others in the market were making noise about AI, 麻豆原创 has been relatively quiet. But we鈥檝e been very busy, with many use cases in production today and more on the way.

Our goal is to streamline procurement processes to remove mundane, manual interventions, elevate strategic activities, and accelerate decision-making and approvals. At 麻豆原创 Spend Connect Live, we announced a series of procurement innovations focused on this goal.

Enhancing 麻豆原创 Ariba Category Management with the Power of Generative AI and Joule

In August, the new solution became generally available to our customers. It helps empower category managers to use data insights strategically to help identify trends, develop and implement strategies, and evaluate success relative to tangible business metrics.

Now, we are pleased to announce the integration of 麻豆原创 Ariba Category Management with large language models through 麻豆原创 Business AI. This can empower procurement professionals to jump-start category strategy development and planning.

By harnessing generative AI, we are enhancing our market analysis tool, offering valuable, visual insights into supply and demand, risk, opportunity, and top suppliers. Additionally, we will be simplifying category segmentation, powering up cost structure analysis.

These innovations help streamline content creation, saving category managers weeks of time and expediting strategy development. General availability is planned by the end of 2023, representing a substantial leap in enterprise-level category management efficiency.

Embedding Spend Analysis Capabilities in 麻豆原创 Ariba Solutions for More Informed Decisions

To make it easier for procurement professionals to make timely, informed decisions, new dashboards in 麻豆原创 Ariba Sourcing and 麻豆原创 Ariba Buying embed near real-time insights where they鈥檙e most useful 鈥� within key process workflows.

These capabilities are available today and built on a new architecture that helps create the foundation for future innovation. Advanced AI features and the ability to see across all spend 鈥� in 麻豆原创 cloud ERP solutions, 麻豆原创 Ariba solutions, 麻豆原创 Fieldglass solutions, and 麻豆原创 Concur solutions 鈥� can help uncover cost-saving opportunities in the new 麻豆原创 Spend Control Tower solution beginning in the first quarter 2024.

Delivering Risk-Aware Procurement by Embedding AI-Infused Risk Assessment in Source-to-Settle Solutions

Successfully managing third-party supplier risk often comes down to the ability to answer basic questions accurately. Does the supplier have the ongoing capacity to satisfy the needs of the business? Do they meet environmental, social, and governance (ESG) standards? Are their risk scores in danger of slipping below the acceptable corporate risk standard?

There are software solutions that offer information to answer these questions via dashboards, reporting, and alerts. But this approach can be risky, requiring savvy business users to check the information and assess the risk profiles of suppliers within a specific context. This approach can also waste resources because it allows unqualified suppliers to slip into RFx events, even though they鈥檒l ultimately be eliminated through resource-intensive due diligence.

鈥淩isk-aware procurement鈥� refers to the embedding of risk knowledge into source-to-pay decision processes via software solutions. 麻豆原创 has embedded AI-powered supplier risk assessment capabilities into its source-to-settle solutions to help business users make smarter decisions faster.

This can make it possible to assess risk profiles within the sourcing, contracting, and buying solutions as an integral part of these processes to determine third-party risk. Supplier risk assessment capabilities are available today in 麻豆原创 Ariba Sourcing, 麻豆原创 Ariba Contracts, and 麻豆原创 Ariba Buying.

AI-powered supplier risk assessment capabilities within 麻豆原创 solutions can offer numerous benefits across the procurement process:

• Supplier management: Improved user decision-making throughout supplier lifecycle processes
• Sourcing: Exclusion or warnings when high-risk suppliers are included in sourcing decision-making
• Contracting: Systematic reference risk scoring to include mitigation clauses and activities in authoring and contract signature as needed
• Buying and invoicing: The inclusion of risk workflow if the risk score drops below an acceptable standard

A great example of this activity in action is Lieferkettensorgfaltspflichtengesetz (LkSG), the German supply chain act focused on human rights due diligence. With this, information is not only available to support the due diligence activities with suppliers, it also helps business users make natural decisions that help prevent non-compliant activities from occurring systematically.

Continuing to Lead in Procurement Innovation

Of course, the innovations and use cases we demonstrated at 麻豆原创 Spend Connect Live are just the tip of the iceberg. The coming year promises to be just as exciting, as we continue to roll out new features and capabilities to enhance our comprehensive set of procurement solutions.

We hope you will be along for the ride!

Salvatore Lombardo is senior vice president, chief product officer, and head of Engineering for 麻豆原创 Procurement.

麻豆原创 Global LoB Partner Excellence Awards are a partner recognition program focusing on 麻豆原创鈥檚 strategic business priorities for the following lines of business: 麻豆原创 SuccessFactors, 麻豆原创 Customer Experience, and Intelligent Spend and Business Network.

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Awards select finalists and winners for their valuable contributions in realizing 麻豆原创鈥檚 vision for cloud growth based on data and key performance indicators.

Winners and Finalists

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2023 for Sales Success 鈥� Large Enterprise

• Winner: Accenture
• Finalist: Deloitte
• Finalist: PwC

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2023 for Sales Success 鈥� Midmarket

• Winner: NTT Data
• Finalist: Nitor Partners
• Finalist: Premikati

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2023 for Delivery Quality

• Winner: PwC
• Finalist: Accenture
• Finalist: Deloitte

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2023 for Customer Success Management

• Winner: IBM
• Finalist: Accenture
• Finalist: NTT Data

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2023 for 麻豆原创 Business Technology Platform Customer Success

• Winner: Stratesys Tecnologias da Informacao
• Finalist: Cordis Solutions Ltd
• Finalist: Thomson Reuters

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2023 for 麻豆原创 Fieldglass Managed Service Provider

• Winner: Monument Consulting
• Finalist: Allegis Global Solutions
• Finalist: Kelly OCG

Visit the . Follow 麻豆原创 at .

Media Contact:
Angelika Merz, +41 58 871-7216,鈥�angelika.merz@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ.  Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
麻豆原创 and other 麻豆原创 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 麻豆原创 SE in Germany and other countries. Please see for additional trademark information and notices.

For the past year, Alam, president and chief product officer of 麻豆原创 Intelligent Spend and Business Network, and his team have been speaking with 麻豆原创 customers, gaining an intimate understanding of their spend management challenges and envisioning solutions to address them. This includes carefully assessing the buzz around artificial intelligence (AI) to separate what is the usual tech hype from the true promise.

They also mobilized their team of spend management-focused developers to deliver the very innovations he was about to unveil. 鈥淭he bottom line is we deliver more spend management innovation than anyone else in the industry because we have more resources devoted to spend management than everyone else in the industry,鈥� Alam told the audience.

With its 鈥渕assive force of engineers鈥� and deep commitment at the highest levels of the business, he reminded everyone that 麻豆原创 is singularly focused on helping businesses solve their urgent and critical spend imperatives 鈥� whether they are practical or existential. This includes:

• Improving visibility into the supply chain and taking action to counter an ever-changing trade landscape
• Doing business in a socially and environmentally responsible manner
• Finding the right talent, at the right time, for the right job

鈥淭he common theme in all of this, of course, is your spend鈥he biggest lever you have to help your business achieve the results it needs to achieve,鈥� he said.

Applying Generative AI Technology to Spend

As 麻豆原创 Spend Connect Live moves forward, there will be a lot of talk about generative AI and how it can help businesses address urgent and critical imperatives. In his keynote, Alam noted that we are seeing a step change around AI 鈥� not just in the technology, but also in the willingness of customers to adopt AI to drive strategic transformation across business processes and functions.

But what does Alam consider the underlying promise and purpose of AI? 鈥淭he ability to harness data to drive insights and make decisions鈥hat is the promise of AI and it鈥檚 what鈥檚 driving all of the AI the momentum and excitement,鈥� he said. 鈥淚t鈥檚 not a matter of if anymore with AI. It is a matter of when or perhaps how quickly businesses can adopt these technologies and feel the impact.鈥�

With its intelligent spend management solutions, 麻豆原创 has made it a mission to enable businesses to use generative AI to harness data for greater insights and decision-making. Which brings us to two of the important innovations Alam announced during his 麻豆原创 Spend Connect Live keynote: 麻豆原创 Spend Control Tower and 12 new generative AI scenarios to be deployed across the spend management portfolio.

Introducing 麻豆原创 Spend Control Tower

鈥淚n the hundreds of conversations I鈥檝e had with customers in the last year, the No. 1 ask I get from them is the ability to see and analyze their spend across all categories,鈥� Alam said. 鈥淎nd by 鈥榮pend鈥� I mean more than just the financials. Today, spend also means the carbon emissions impact across all categories.鈥�

Then he unveiled , which offers advanced AI features and the ability to see across all spend 鈥� in 麻豆原创鈥檚 cloud ERP solutions, 麻豆原创 Ariba solutions, 麻豆原创 Fieldglass solutions, 麻豆原创 Concur solutions, and 麻豆原创 Business Network 鈥� to help uncover cost-saving opportunities and process improvements, beginning in the first quarter 2024. Alam said he was also 鈥渆xcited about AI driving scope 3 carbon emissions reporting in 麻豆原创 Spend Control Tower.鈥�

All of the spend data is rationalized 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 all of our spend analytics. In addition to fueling 麻豆原创 Spend Control Tower, it also enables embedded spend insights in our applications and powers our generative AI innovations.

12 Generative AI Scenarios for Spend Management

Alam noted that each day, individuals spend a significant amount of time doing mundane tasks because they need to be done. These take time and focus away from tasks that are more strategic and of higher value.

鈥淕enerative AI has the potential to eliminate the mundane and elevate the strategic in the daily lives of you and your team members,鈥� he said. 鈥淭his is our moment to unleash productivity gains that have been lacking for years.鈥�

He announced designed to help 鈥渄rive efficiency, quality, and insight into processes that cut across spend management.鈥� Here鈥檚 a high-level view of how these scenarios can help businesses:

• In 麻豆原创 Ariba solutions, they can provide a better understanding of suppliers鈥� sustainability position, enabling businesses to make the right decisions.
• In 麻豆原创 Fieldglass solutions, they can make it possible to write better, more comprehensive statements of work (SOW) and job descriptions in seconds versus hours.
• In 麻豆原创 Concur solutions, they can help users estimate the potential trip cost and better understand travel and expense policies.

Find out more about the new generative AI scenarios .

Virtual Experience

If you were unable to attend 麻豆原创 Spend Connect Live in Vienna, you can still take part in our virtual experience on October 24. for details.

Mike Conners is a communications specialist for the 麻豆原创 Spend Management Communications team.

麻豆原创 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. 麻豆原创 will also embed Joule, its new generative AI copilot, throughout its cloud solutions, with availability in its spend management software planned for 2024. 麻豆原创 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, 麻豆原创. 鈥淎s with all of 麻豆原创 Business AI solutions, we are developing these new spend management AI innovations with security, privacy, compliance, ethics and accuracy in mind.鈥�

麻豆原创 Spend Control Tower to Deliver Comprehensive Spend Analysis Capabilities

The new 麻豆原创 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 麻豆原创 Ariba Sourcing and 麻豆原创 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

麻豆原创 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 麻豆原创 Ariba Sourcing, 麻豆原创 Ariba Contracts and 麻豆原创 Ariba Buying solutions.

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

麻豆原创 and GmbH, a leading AI-powered supplier intelligence and discovery platform company, plan to integrate an AI-powered supplier search solution with the 麻豆原创 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 麻豆原创 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

麻豆原创 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.

Visit the . Follow 麻豆原创 at .

Media Contact:
Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2022 Annual Report on Form 20-F.
漏 2023 麻豆原创 SE. All rights reserved.
麻豆原创 and other 麻豆原创 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 麻豆原创 SE in Germany and other countries. Please see for additional trademark information and notices.

Personally, I am so excited to attend 麻豆原创 Spend Connect Live because it鈥檚 an opportunity to continue the conversation we started earlier this year at 麻豆原创 Sapphire about the innovations that will drive the future of procurement. I also love the chance to connect with our customers in open, in-person discussions.

Along with my keynote appearance and a full slate of customer meetings, I鈥檒l join Daniel Holz from Google Cloud to discuss our partnership in one of the largest Google Cloud platform migrations. Attendees will see a demo of how 麻豆原创 and Google are empowering strategic purchasers in supplier management through generative AI.

Continuing our Conversation

At 麻豆原创 Sapphire in May, we showed innovations that are transforming the way businesses do procurement. We introduced the buying 360 capability for 麻豆原创 Ariba Buying, the , which provides an updated user experience and can incorporate intelligence into each step of the purchasing process to help make purchases more sustainable, personalized, and predictable. With this next iteration, users can receive targeted suggestions for goods and services based on their role and the organization鈥檚 procurement and sustainability policies. This personalized approach helps make procurement more focused and strategic.

We also introduced , which became generally available in August. This solution can empower category managers to use data insights strategically to identify trends, develop and implement strategies, and evaluate success relative to tangible business metrics. Intelligent category management is key to reducing manual processes and focusing energy and resources on strategic initiatives to create and support resilient supply chains.

As we look forward to , you can expect new announcements to take procurement to the next level. Of course, you鈥檇 have to be living under a very big rock not to notice the hot topic of the day: artificial intelligence (AI). The release of ChatGPT earlier this year has only supercharged this discussion. 麻豆原创 is a leader in providing AI-powered, end-to-end business processes. And now, with the new generation of AI, we can step into the next horizon for business applications.

With 麻豆原创 Business AI, transparent, responsible artificial intelligence can help you make every aspect of your business run smoother and more intelligently. We are creating 鈥渟ystems of intelligence鈥� that can enable organizations to preserve their core business processes while also freeing them to adapt, adjust, and uniquely optimize for their needs. With systems of intelligence, processes are self-learning to optimize business outcomes.

At 麻豆原创 Spend Connect Live, we look forward to demonstrating the ways 麻豆原创 continues to leverage AI to help procurement teams increase productivity and expand on the strategic value they bring to their organizations. Beyond AI, be ready to hear about all the latest 麻豆原创 innovations during the keynotes and our full slate of learning sessions.

Procurement Session Highlights

We鈥檝e scheduled to bring you up-to-date on the very latest in procurement and our procurement solutions. You鈥檒l hear from 麻豆原创 experts, procurement leaders, and, most importantly, 麻豆原创 customers who will share their experiences and best practices.

The sessions will cover many areas of interest 鈥� including generative AI, sustainable procurement, environmental, social, and corporate governance (ESG) best practices, and improving supply chain visibility. Of course, we鈥檒l also provide the latest details and demonstrations of new and planned 麻豆原创 procurement innovations.

Here are some quick links to our procurement sessions:

To date, we鈥檝e scheduled more than 20 sessions where our customers will share their success stories and best practices. Here are a few of my recommendations:

• Pfizer鈥檚 Procurement Journey to the Cloud with 麻豆原创

See the full list of customer success sessions .

Join Us in Vienna!

takes place October 9-11, 2023, at the Messe Wien Congress Center in beautiful Vienna, Austria.

This event is for you. It鈥檚 an opportunity to join our community of procurement and supply chain leaders from businesses and industries across the world to share ideas, learn from each other’s success, and discuss best practices.

I look forward to joining you there. Get started by registering .

Salvatore Lombardo is senior vice president, chief product officer, and head of Engineering for 麻豆原创 Procurement.

Through our many conversations, one common theme stands out: how 麻豆原创鈥檚 suite of solutions helps maximize efficiency.

Maximizing efficiency is especially needed when the days are longer, and the vacations are too. A spend management strategy that enables cost savings, risk management, supplier management, and compliance with local regulations can give our customers peace of mind. No matter the industry or where you are in the world, our solutions never take a break.

But don鈥檛 take my word for it. Our customers have been strengthening their supply chains, managing talent through a polycrisis, controlling cost while boosting compliance, and gaining critical insight into their suppliers鈥� suppliers鈥� suppliers. Here are some of their stories:

• works with more than 700 direct spend suppliers to create the highest-quality luxury goods. When manual procurement processes were limiting supply chain visibility, Richemont turned to 麻豆原创 Business Network and 麻豆原创 Business Network for Supply Chain. As a result, it saw up to a 50% reduction in employee effort for warehouse receiving and a 12-day decrease 鈥� from 17 days to five days 鈥� in the confirmation feedback cycle.
• is a leading global professional services company that helps the world鈥檚 leading businesses, governments, and other organizations build their digital core, optimize their operations, accelerate revenue growth, and enhance citizen services. It underwent a digital procurement transformation that included the implementation of 麻豆原创 Fieldglass Vendor Management System to help gain visibility into its global external workforce to reduce costs and improve the quality of services and contingent talent.
• is a global leader in designing and manufacturing premium commercial vehicles. Before implementing 麻豆原创 Concur solutions, it had decentralized and inconsistent travel booking and expense reporting processes that blocked visibility into spend data, frustrating employees. Now, the employee travel and expense experience is dramatically improved, reducing costs and improving compliance. This mitigates risks so travelers can focus on moving the business forward.
• When Kenya Electricity Transmission Company Limited (KETRACO), one of Kenya鈥檚 leading state corporations, needed to enhance its procurement capabilities to meet regulatory commitments, it adopted 麻豆原创 to leverage the power and scale of the largest procurement network in the world. With 麻豆原创 Ariba solutions, KETRACO completely eliminated paper-based transactions and now has one centralized repository for invoices. It has 100% visibility into its supplier data and has standardized its templates for contracts. Additionally, 麻豆原创 Business Network allowed KETRACO to monitor and manage suppliers from a single point of view, with a 360-degree view of data and performance. Read the full story here.

Award-Winning Customer Feedback

麻豆原创 has once again won honors from G2 and TrustRadius, two trusted review sites that source their rankings from the people that matter most, our customers.

We are G2 Summer 2023 Leaders for the following categories:

• 鈥� Leader in Procure-to-Pay, Strategic Sourcing, Purchasing, Contract Lifecycle Management, Supplier Relationship Management, and AP & Spend Analysis
• 鈥� Leader in Strategic Sourcing
• 鈥� Leader in Expense Management, Travel Management, and Invoice Management

Additionally, TrustRadius has honored us with these 2023 Top Rated awards:

• 麻豆原创 Ariba is Top Rated in the , , and categories.
• 麻豆原创 Fieldglass is Top Rated in the , , and categories.
• 麻豆原创 Concur is Top Rated in the ,听, and categories.

What鈥檚 more, 麻豆原创 Concur has won TrustRadius鈥� Top Rated award for the fifth year in a row. Thank you to all customers that left us reviews and helped us earn this winning record!

Join Me at 麻豆原创 Spend Connect Live

I鈥檇 be thrilled if you would join me and our community of procurement, supply chain, and travel and expense professionals at 麻豆原创 Spend Connect Live in Vienna, Austria. From October 9-11, 2023 at the Messe Wien Congress Center, you will be surrounded by peers sharing transformation stories and learning how 麻豆原创 solutions can empower us all to reach our corporate goals.

Our keynote speaker is Jim Ridgwick, CPO for (SCI). SCI鈥檚 goal is to create a world where all children have a voice, receive a quality education, and are protected from violence and death due to preventable causes. Join us to hear how introducing source-to-pay 麻豆原创 Ariba solutions led to 100% supplier visibility and a 50% reduction in procurement lead times for SCI.

Like my colleague Etosha Thurman says in her piece, 鈥淲ith today鈥檚 highly complex and sometimes volatile and disruptive environment, spend management and supply chain professionals鈥� remit is bigger than ever.鈥� There will be over 100 interactive sessions covering the hottest topics in spend management 鈥� and we can鈥檛 wait to see you.

Check out the to learn more about joining us. Space is limited, so register today.

The Best Is Yet to Come

What a first half it鈥檚 been, and I believe the best is yet to come! I am so excited to see many of you at 麻豆原创 Spend Connect Live in Vienna. Right now, we鈥檙e working hard to make this an event like no other, with tons of information and opportunities to help your business run better. Stay in touch!

Jeff Collier is chief revenue officer for 麻豆原创 Intelligent Spend and Business Network.

With today鈥檚 highly complex and sometimes volatile and disruptive environment, spend management and supply chain professionals鈥� remit is bigger than ever. Throughout the event, you will hear how 麻豆原创 can help you develop a spend management strategy that can enable cost savings, risk management, supplier management, and compliance with local regulations. Learn how our powerful business network, spend management, and data-driven intelligence solutions provide the visibility needed to address the challenges of today and tomorrow, so you can set your business up for long-term success.

Vienna was named the world鈥檚 most livable city for the fourth time by the Economist Intelligence Unit in . Also known as the 鈥淐ity of Music,鈥� Vienna has a rich musical legacy and many famous classical musicians, such as Beethoven and Mozart, called the city home. But if Mozart and Beethoven aren鈥檛 your idea of a good time, there are still many reasons to join us at 麻豆原创 Spend Connect Live 2023. Here are my top reasons to attend:

Learn How to Fuel Total Spend Management with Inspiring Keynote Speakers

I love hearing our customers share their stories, and this year鈥檚 speakers will blow you away. You will hear compelling speakers share their transformation stories and how 麻豆原创 solutions are empowering them to reach their corporate goals. This year鈥檚 keynote speaker is Jim Ridgwick, CPO for (SCI). SCI鈥檚 goal is to create a world where all children have a voice, receive a quality education, and are protected from violence and death due to preventable causes. Join us to hear how introducing 麻豆原创 Ariba solutions for source-to-pay led to 100% supplier visibility and a 50% reduction in procurement lead times for SCI, fueling its mission to provide for marginalized children around the globe. You can read more about Save the Children鈥檚 strategy and successes on its .

Over 100 Interactive Sessions Covering Hot Topics in Spend Management

With a variety of formats, you can find resources on specific topics or explore our learning tracks to meet your organization鈥檚 spend management needs. From keynotes and customer stories to solution deep dives and demos, we have something for everyone at every step of the spend transformation journey. You do not want to miss these sessions that cover the hottest trends 鈥� and what is coming next 鈥� across procurement, external workforce, travel and expense, and business network:

• How to unlock the power of effective category management
• Why it takes a network to build a sustainable supply chain
• How to implement total workforce management to optimize skill availability
• How to create a P2P automation strategy to support your accounts payable business case

Check out our for a sneak preview of the answers and insights you are looking for.

Connect with Experts from around the Globe in Our Marketplace

I talk about the importance of connection often, so one of my favorite things about 麻豆原创 Spend Connect Live is the marketplace. This is a one-stop shop for connecting with our partners and 麻豆原创 subject matter experts.

At the marketplace, you can experience the best of 麻豆原创鈥檚 spend management solutions while establishing relationships with contacts from different industries from all around the globe. You will find demos, meeting areas for peer-to-peer discussions, and a customer connect center to meet with partners and 麻豆原创 leadership. And, of course, you can enjoy plenty of Vienna鈥檚 famous coffee to fuel these exciting conversations.

In-Person, Pre-Conference Training Sessions to Make the Most of Your Experience

The need to upskill employees has never been more urgent, as outlined in a recent Forrester Consulting study, 鈥�.鈥� To address this need, we will be offering pre-conference, in-person, expert-lead training sessions to help you drive efficiency and growth. They鈥檒l be held at 麻豆原创 Spend Connect Live on October 9, allowing you to take part in live discussions and peer-to-peer interactions in a stimulating environment that cannot be replicated online. This hands-on training and direct access to experts can help you extend your expertise and support your organization鈥檚 digital transformation journey. Space is limited, so today to secure a spot!

It鈥檚 in Vienna!

Does this need explaining? Our venue for 麻豆原创 Spend Connect Live is beautiful Vienna, Austria. A sustainable city that holds a delightful balance of urban walkability and lush natural areas, Vienna is a world-class city full of the arts, history, and, yes, plenty of great food. At 麻豆原创 Spend Connect Live, you will experience some of what the city offers at our celebration night with a 鈥淭aste of Vienna.鈥� Whether it is sipping water that comes from natural springs in the Alps, trying your hand at ballroom dancing, or sampling Viennese Schnitzel, you鈥檙e bound to have a wonderful experience in Austria鈥檚 capital.

If you are a procurement, supply chain, or travel and expense professional 鈥� or support these areas in sustainability, finance, logistics, or operational risk 鈥� 麻豆原创 Spend Connect Live is a must-attend event. To learn more about how you can be part of this vibrant community of buyers, suppliers, and 麻豆原创 partners, visit the 麻豆原创 Spend Connect Live 2023 . Check back often to see new session offerings, speakers, and pre-conference trainings.

Most importantly, remember to take advantage of our significantly discounted 鈥渆arly bird鈥� pricing that ends on July 28.

麻豆原创 Spend Connect Live is October 9-11, 2023, at the Messe Wien Congress Center in Vienna, Austria. With so many collaborative and innovative opportunities at this year鈥檚 event, I鈥檓 confident you will leave energized with new ideas and an expanded network. See you in Vienna!

Etosha Thurman is chief marketing and solutions officer for 麻豆原创 Intelligent Spend and Business Network.

Here are just a few of our year-end acknowledgments and recognition:

• For the seventh consecutive time, 麻豆原创 has been recognized as a Leader in the . 麻豆原创 was also the only vendor to score among the聽 highest three vendors for every Use Case in the *
• 麻豆原创 Ariba was designated by TrustRadius
• 麻豆原创 Ariba was named the No. 1 leading procurement software provider by

It is great to receive external recognition, accolades, and awards. We believe this is confirmation that our strategy is on target. But our true mission is to develop innovative procurement solutions that help our customers to run better and deliver the business outcomes they expect.

The SaaS procurement product family at 麻豆原创 consists of 麻豆原创 Ariba solutions, 麻豆原创 S/4HANA for Procurement, and 麻豆原创 Business Network. It has a proven track record of providing innovative solutions to solve unique challenges at every step in the procure-to-pay process.

In 2023, we intend to lead the market with our procurement innovation. Here, learn about the first wave of these innovations.

The Next Evolution of Guided Buying

A 360-Degree View of the Person, Purchase, and Organization

Today, professional and casual buyers are thinking about more than just pricing and policy compliance. They want a buying experience that is personalized for them and their role: something predictive, something that offers suggestions for their specific work; an evolution of guided buying with intelligent recommendations to help them make the right decisions, navigate through the process, and weigh the sustainability and environmental impact of their decisions.

The guided buying capability in 麻豆原创 Ariba solutions remains the gold standard for purchases of goods and services. At , we demonstrated this next evolution in guided buying. These new capabilities improve the buying experience and leverage artificial intelligence (AI), intelligent recommendations, and machine learning. This creates a holistic view of what the buyer is purchasing and how the purchase stacks up against their organization鈥檚 environmental, social, and governance (ESG) goals.

Many of the capabilities will be included within the guided buying capability starting in 2023, as well as in future releases.

麻豆原创 Central Procurement

Delivering Transformation Without the Complexities of Change

Procurement professionals are feeling pressure to bring speed, scale, and savings to the business — all while minimizing risk as they navigate complex systems. And as companies demand more from procurement, procurement requires more from its technology.

Unfortunately, much of the technology deployed today is disconnected and outdated. This results in problems such as separate and inconsistent source-to-order processes, policies and controls that are not applied consistently company-wide, and disjointed data that constrains spend visibility.

In response, procurement leaders are looking for new approaches to digital transformation — and solutions that provide holistic visibility and control across the entire purchasing process. For many, centralizing procurement is at the heart of their transformation strategy.

The latest release of 麻豆原创 Central Procurement addresses the challenges associated with centralizing procurement. This solution makes it possible to centralize control of requisitioning, purchasing, sourcing, contracting, and analytics in a multi-ERP environment. It delivers the benefits of a uniform, centralized procurement system across all direct and indirect categories — without reworking individual solutions spread across the organization.

麻豆原创 Central Procurement gives your lead buyers complete visibility, enabling them to see what is happening across the business from a single, centralized command center. At the same time, individual units can still make purchases in their back-end systems, minimizing risk of teams losing local control as you maintain centralized visibility into everything they do.

The outcome is that it is easier to bring clarity and consistency to procurement operations, which is essential as companies work to meet escalating demands and plan for supply chain disruption before it happens.

Category Management

Empowering Category Managers to Work More Strategically

Category management is top of mind for our customers, and it has become increasingly relevant as global supply markets and commodities remain in flux. A by Economist Impact, sponsored by 麻豆原创, highlights category management as one of the most important drivers of digital transformation in procurement.

That is because today, category management consists of highly manual processes to collect data, do analysis, and produce reports. This leaves almost no time for category managers to develop effective strategies, let alone execute them.

This is the challenge the new category management solution from 麻豆原创 solves. 麻豆原创 Category Management, which we plan to roll out this year, will provide actionable market intelligence and category insights. It will empower category managers and procurement professionals to make strategic category decisions for direct and indirect spending that drive business outcomes.

The solution will offer intuitive scenario analysis to visualize opportunities, enabling sourcing and category managers to prioritize initiatives based on corporate spend data with system-assigned recommendations and confidence levels for opportunities.

Additionally, our new category management solution will make it possible to generate a comprehensive view of the purchasing categories to establish category goals, develop plans, and execute and monitor progress. Embedded analytics tools will provide drill-down capability into categories across multiple dimensions.

麻豆原创 Category Management will integrate into the guided sourcing capability for 麻豆原创 Ariba Sourcing, making it possible to create initiatives from within 麻豆原创 Category Management and report back for monitoring and tracking.

We plan to make the solution available to select customers in 2023.

Supplier Management

A Consolidated View of Supplier Data for Strategic Buyers

Today, it is difficult to find a comprehensive view of supplier data. Information about contracts, sourcing events, and supplier evaluation scores are spread across various procurement systems and technologies. Making things worse, supplier master data is not always harmonized across disparate back-end systems, and data from legacy systems sometimes cannot be reached at all.

Our vision is to equip buyers with a single view of their supplier. This view includes:

• Harmonized supplier master data from enterprise resource planning (ERP) using master data native integration
• Procurement suite data, including sourcing, contracts, and spend
• Ecosystem data from 麻豆原创 Business Network and third-party sources

Data will be delivered via a simple, experience that makes all decision-relevant information available at a glance.

Additionally, supplier data will become more available to end users at the point of their procurement action. For example, risk scores will be present in guided buying requisitioning; risk scores and supplier status information will be available for sourcing invitation, bid analysis, and awarding; and contract authors will have access to risk scores when they develop contracts. Having this information will enable end users to make smarter, more informed decisions.

麻豆原创 previewed many of these concepts at , and plans to provide them as a general release in the second half of 2023.

Looking Ahead

As we move forward, we will not rest on past successes. We will continue bring our family of procurement solutions closer together to deliver actionable insights to all procurement personas at the point of process, when they need them. Additionally, our solution road map will focus on implementing AI, machine learning and automation, and unified key mapping, which enables integration with third parties not using 麻豆原创 ERP.

Salvatore Lombardo is senior vice president, chief product officer, and head of Engineering for 麻豆原创 Procurement.

*Gartner, Magic Quadrant for Procure-to-Pay Suites, 28 November 2022.
This report was previously named as Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement until 2015.
Gartner, Critical Capabilities for Procure-to-Pay Suites, 28 November 2022.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner鈥檚 research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Perhaps what we鈥檙e experiencing is something business leaders have known for years: uncertainty and disruption are the constant. It鈥檚 how we deal with them that sets us apart.

As we approach 2023, the same questions linger: How long will inflation continue? Will there be a recession?

Unfortunately, it鈥檚 difficult to find clear answers. For example, The Wall Street Journal recently reported , which should eventually lead to lower prices. But on the same day, it also reported — more ominously — that the globalized supply chain continues to .

With global supply chains remaining dynamic and perpetually susceptible to disruption, where does this leave us? If the past few years were focused on responding and surviving, 2023 looks to be the year when business leaders leverage proven technology to build long-term resilience for their organizations.

We asked our leaders for their perspective on this as well as what they expect in 2023. Here鈥檚 what they had to say.

鈥淒uring the last two years of continuous disruptions, companies were forced to realize the necessity of supply chain visibility. As companies shift to building more proactive strategies, they will make plans to adopt new technology to achieve such visibility, helping them build resiliency within their organization. User experience will also remain a top priority for companies, allowing employees to accomplish the tasks they need across their spend management applications. As we look ahead, data insights and intelligence will also play a significant role in helping end users do their jobs more effectively to deliver more value to an organization. Skill shortages will remain a concern among many industries; however, finding, onboarding, developing, and retaining talent are what will differentiate the successful organizations from the ones that aren鈥檛.鈥�

– , President and Chief Product Officer,
Intelligent Spend and Business Network, 麻豆原创

鈥淕iven the supply chain challenges we continue to experience, businesses will most certainly continue to digitalize spend management processes and leverage business networks to increase supply chain collaboration, to improve organizational agility, and to gain real-time business insights. The other side of this coin is people. Thinking about how to avoid the ongoing talent crisis and build a workforce of longevity, we will see more businesses focus on nurturing their employees to retain good talent. They will enhance the workforce by upskilling existing talent to meet employees鈥� desire for career growth while also meeting evolving business expectations. Businesses will attract early talent to the workforce by enticing them to make a difference in the world by helping to solve the next generation of problems. This will require businesses to continue to drive clarity on their mission and purpose. Last, but certainly not least, businesses will maintain focus on including diverse perspectives to ensure they are delivering the strongest strategic decisions that can only come from diversity and inclusion. If an organization cannot deliver on the above expectations, they will inevitably be less competitive in the market for top talent and a resilient workforce.鈥�

– , Chief Marketing and Solutions Officer,
Intelligent Spend and Business Network, 麻豆原创

鈥淎s we approach 2023, it鈥檚 clear that the world鈥檚 business leaders will continue to grapple with economic, political, and environmental uncertainty. The good news is that dealing with uncertainty does not mean operating our businesses blindly. Digitalized procurement processes, data visualization, and business networks have ushered in a new era of visibility, collaboration, and strategic decision-making. With the right technology, procurement and supply chain professionals have access to an integrated view of total spend across their enterprise and deep visibility into their supply chain. This enables improved inventory management, predictable lead times, more efficient sourcing of supply, and cost savings. It also helps them tackle some of their most complex challenges, like achieving sustainability compliance and building long-term resilience for their business.鈥�

– , Chief Revenue Officer,
Intelligent Spend and Business Network, 麻豆原创

“Over the last few years, workers and employers alike have come to see the huge upside of leveraging a flex workforce. Even pre-pandemic, workers were looking for a different experience, one that offered flexibility and the opportunity to try new things. Temporary workers have proven they offer an effective way to address staffing and skill gaps, control costs, and manage the overall workforce more effectively. This year an found that 50% of organizations surveyed plan to increase their use of external workers. My prediction for 2023 is that businesses will continue to build on the efficiencies of the temporary workforce. They鈥檒l leverage coupled with freelance management systems and direct sourcing providers to find, engage, and manage external workers — both contract and contingent — enabling them to streamline recruiting, contracting, onboarding/offboarding, and security.”

– , Chief Technology Officer,
, 麻豆原创

鈥淚n 2023, the 麻豆原创 Business Network team will strengthen its commitment and partnership with customers to achieve supply chain transparency, resiliency, and sustainability. We will continue to modernize and innovate our network to drive vibrancy, infuse the trading partner experience with enhanced one-to-many supplier integration and intelligent insights, and improve platform performance and scalability. In addition, we will accelerate the transformation to our federated next-generation 麻豆原创 Business Network, enhancing value for all trading partners within the world鈥檚 largest B2B marketplace.鈥�

– , Senior Vice President, Chief Product
Officer, and Head of 麻豆原创 Business Network, 麻豆原创

鈥淚n 2023, market conditions and inflation will remain volatile as a new paradigm impacts interrelated supply chains. This is driving businesses to focus on fundamentals like controlling costs and finding new revenue. Meanwhile, governments, employees, and consumers are elevating environmental, social, and governance (ESG) factors to a higher priority. These factors are driving buyers to diversify their supply chains, creating opportunities for suppliers to 鈥榮hine brighter鈥� by highlighting their presence and value and their ESG credentials. Interestingly, inbound and outbound logistics continue to emerge as key competitive differentiators to drive efficiency, control cost, and earn customer loyalty. Business networks offer transparency, access to working capital, and connection that enable buyers and suppliers to address disruption collaboratively and build supply chain resilience. In 2023, organizations should look to leverage robust business networks adapted to their industry — not just generic solutions.鈥�

– , Senior Vice President, Chief Marketing and
Solutions Officer, 麻豆原创 Business Network

鈥淎s we head into 2023, I expect businesses to act on the need for agility and instantaneous collaboration with trading partners, no longer relying on manual processes to connect buyers and suppliers. As we have been reminded countless times in recent years, supply chain volatility is all but guaranteed. I anticipate a shift in how companies prepare for disruption; while 2020 to 2022 has largely consisted of supply chain shortages, many companies could also start to face supply and inventory overages, given the current macroeconomic state. Having visibility to manage both ends of the spectrum and creating supply chain transparency is critical. Companies will look to evolve their business network into one with real-time collaboration capabilities and unobstructed inter-company visibility across trading partner networks. Collecting and acting on intelligent insights will be key to developing networked enterprises beyond the siloed, disconnected nature of previous years.鈥�

– , Global Head, 麻豆原创 Business Network
Customer Success and Go-to-Market, 麻豆原创

鈥淭he year ahead will be a test of leaders鈥� abilities to do more with less, including weighing the costs and benefits of their corporate travel program in maintaining key business relationships. The pandemic taught us a lot about the value of business travel. According to from early 2022, most U.S. finance managers said their company experienced a revenue loss in 2021 as a direct result of employees鈥� inability to travel at pre-pandemic levels. It鈥檚 important that leaders keep these learnings in mind as they prepare for uncertainty in 2023. They鈥檒l have to balance saving money where it counts, continuing progress on priority initiatives like sustainability, and positioning their company for growth when the economy stabilizes.鈥�

– , President,
Concur Travel, 麻豆原创 Concur

鈥淲ith the role of procurement continuing to become increasingly more strategic, we are seeing a greater need to digitalize category management. This is confirmed by a conducted by Economist Impact and sponsored by 麻豆原创, which found that more than 40% of respondents said category management is a top priority in driving digital transformation in procurement. Additionally, businesses are looking to create buying experiences that are more predictive, personalized and sustainable for their employees as well as buyers of strategic categories across all types of spend — direct and indirect materials, maintenance, repair, and operations and service. In 2023 and beyond, we expect the demand for procurement technologies such as these to continue to grow as they enable businesses to make the data-driven decisions needed to better inform their indirect and direct spend channels.鈥�

– , Senior Vice President and
Chief Product Officer, Procurement Solutions, 麻豆原创

To hear more perspectives from supply chain leaders, tune into the featuring Bryan Rawson, senior manager of Software Development at T-Mobile, and Sudy Bharadwaj, vice president of Strategic Engagements for Intelligent Spend and Business Networks at 麻豆原创, as they discuss how organizations can make more agile, informed business decisions to help prepare for what lies ahead in 2023 and beyond.

One of the highlights of 麻豆原创 Spend Connect Live for me was my conversation with food and beverage giant PepsiCo and leading packaging supplier Van Genechten Packaging onstage. I had the privilege to host this conversation that showcased a real supplier-buyer relationship between Damian Shanks, global procurement process owner at PepsiCo, and Marc B眉ttgenbach, chief commercial officer at Van Genechten.

On the buyer side, PepsiCo values the digital connectivity with its suppliers that 麻豆原创 Business Network provides, enabling efficiency and precision that would otherwise be buried in manual processes. Because of this digitalization, it can proactively address problems before they become major disruptions. Meanwhile, Van Genechten cites the scalability and real-time collaboration capabilities on the network. Being a B2B supplier on 麻豆原创 Business Network has allowed Van Genechten to handle more data with the same number of people, while real-time collaboration strengthens buyer-supplier relationships.

It was incredibly meaningful to showcase an example of the importance of sourcing and collaborating with trading partners efficiently, and how both companies use 麻豆原创 Business Network to collaborate with the best partners for their business needs. Business networks are essential to identifying and building relationships with the trading partners that make the most sense for your business. 麻豆原创 Business Network is a powerful tool that helps connect buyers and suppliers, allowing them to collaborate in facing today鈥檚 supply chain disruptions, geopolitical challenges, and shifting consumer behavior.

From Slow, Manual Processes to Visibility, Best-in-Class Analytics, and Collaboration

The 鈥渂usiness network鈥� is not a new concept. But until recently, many of these networks were driven by telephones, sleepy fax machines, and jammed printers 鈥� not to mention the manual processes required to keep communication between partners from going stale. 麻豆原创 Business Network can address these pain points while providing best-in-class analytics and insights services, so you can be confident when choosing and collaborating with trading partners, regardless of what the future holds.

Recent years have proven that intelligent, digital business networks are a necessity for creating and supporting agile, ready-for-anything supply chains. Relying on outdated manual processes for collaborating with suppliers and buyers is the easiest way to fall behind your competition. It鈥檚 time to make the switch to a truly intelligent network while staying true to your core business principles. With the unified trading partner portal of 麻豆原创 Business Network, it has never been easier to find the best-fit partners to create transparent, sustainable, and resilient supply chains.

Today, it isn鈥檛 enough just to ensure visibility within your own company. It is also essential to have an unobstructed view across your entire trading partner network. We heard from our customers that 麻豆原创 Business Network integration into their core business apps 鈥� brought together with the right supplier adoption programs 鈥� allows them to streamline their processes and gain visibility and resiliency like never before.

Between comprehensive coverage, in-depth intelligent insights, and supplier adoption expertise, 麻豆原创 has the biggest market share in procurement and supply chain collaboration networks for a reason. But we won鈥檛 stop here. With solutions for all spend types and digital supply chain management, 麻豆原创鈥檚 vision is to create the world鈥檚 largest B2B marketplace. I want to see our customers realize the benefits of intelligent, networked enterprises. 麻豆原创鈥檚 experience, scale, and commitment to innovation provide the tools to do just that.

With 77% of the world鈥檚 transaction revenue touching 麻豆原创 software, we have the scale, expertise, and experience necessary to unify networks with a customer-first mentality. 麻豆原创 Business Network has the tools to help you prepare your business for volatility that, as we have learned in recent years, is all but inevitable.

Take this as inspiration to future-proof your partner collaboration. Now is the time to assess your trading partner relationships and identify logistics challenges, especially looking ahead to 2023.

Today, US$4.9 trillion of business is transacted through 麻豆原创 Business Network. With a proven track record, constant innovation, and an impressive product road map, it is the future of collaborative supply networks. .

Experience 麻豆原创 Spend Connect Live Virtually

If you were not able to join us in Dallas, check out the . This on-demand forum will share recordings of the keynotes and select breakout sessions from the event. It will also feature additional, recorded sessions not seen at 麻豆原创 Spend Connect Live.

Val Blatt is global head for 麻豆原创 Business Network Customer Success & Go-to-Market at 麻豆原创.
.

in Dallas was incredible. Attendees were engaged in the conference and passionate about the important work they do. But most gratifying were my conversations with customers, who spoke about how they trust 麻豆原创 to help them solve large, complex problems. Things like economic challenges, supply chain disruptions, and sustainability, along with environmental, social, and governance (ESG) goals: these are challenges 麻豆原创 is uniquely qualified to address, and we鈥檝e made it our purpose to help our customers tackle them.

It was an honor to with Christine Hipp of Los Alamos National Labs (pictured below), who spoke about a successful transformation with 麻豆原创 Ariba and 麻豆原创 Fieldglass solutions. Likewise, we were all fascinated by Patricia Miller’s account of Accenture鈥檚 internal services spend journey with 麻豆原创 Fieldglass.

We came to Dallas to hear from 麻豆原创 customers like these — and we were not disappointed.

Recognitions, Accolades, and Awards

麻豆原创 Spend Connect Live was a great moment for 麻豆原创 and the organizations that use our solutions to run their business. In fact, more than a few customers told me we should 鈥渂rag a little more鈥� about what we鈥檙e doing.

I won鈥檛 do that, but I would like to share some of the accolades that our solutions and our customers have received in the past few months.

麻豆原创 Ariba

• 麻豆原创 Named a Leader for the seventh consecutive time in the for 麻豆原创 Ariba
• 麻豆原创 was recognized in the among the three highest vendors across all the five Gartner Use Cases and ranked highest for the Use Case Service Focused
• No. 1 in Procure-to-Pay,
• Top Rated Procurement Software award, TrustRadius
• No. 1 leading procurement software provider,
• 聽Procurement Platform,

麻豆原创 Concur

• No. 1聽for Worldwide Travel and Expense Management Software,
• No. 1 leader in Expense Management, Travel and Expense Management, and Invoice Management,
• 2022 Top-Rated Software (Concur Travel & Expense),
• No. 1 in ZDNet鈥檚 list of the five best travel planner apps (TripIt),

麻豆原创 Fieldglass

• No. 1 in Strategic Sourcing,
• Market Leader, 鈥� 2022 Vendor Management System (VMS) Technology Advisor

麻豆原创 Fieldglass and 麻豆原创 Ariba were also selected for Spend Matters鈥� . And Capgemini, an 麻豆原创 Fieldglass customer, is the winner in the 鈥淚nnovations in Talent鈥� category of the Future of Sourcing Awards.

Beyond the Accolades

While it is great to receive industry accolades, at the end of the day, our truest measure of success lies with our customers. This quarter, hundreds of 麻豆原创 customers worldwide — including Chow Tai Fook Jewellery Group, the City of Vienna, Austria, The Pennsylvania State University, Dole Asia Holdings Pte., Ltd, and Hapag-Lloyd Aktiengesellschaft — are engaging with 麻豆原创, either for the first time or by expanding their footprint, to leverage our market-leading procurement, travel management, and supply chain finance solutions.

Here are a few of their stories:

• is a top jewelry brand with a huge retail network in China and the rest of the world. To support the group鈥檚 strategy to drive sustainable growth empowered by technology, the company chose 麻豆原创 Ariba software to build its unified digital procurement system, deploy procurement in the cloud, improve end-to-end visibility and efficiency, reduce procurement cost, and greatly improve business efficiency.
• has been using 麻豆原创 Concur solutions for more than 15 years. This quarter, it chose to expand that partnership as it has seen an increase in student, faculty, and administrator travel and expense management requirements.
• . is a Singapore-based, global consumer food and beverage company that produces and distributes fresh and packaged fruit products. It has chosen Taulia, part of 麻豆原创, for Taulia Dynamic Discounting and Taulia Supply Chain Finance on the Taulia multi-funder network. This will enable the company to strengthen its supply chain by improving the financial resilience of suppliers, therefore improving sustainability.

Another Reason to Smile

I am also proud that our team considers it our purpose to lend a hand to the people who have served our nation. We are thrilled to announce that Nettie, short for 鈥淣etwork,鈥� the beautiful service dog our North America sales team helped to sponsor, is now a graduate of the program. She has joined her Warrior, Kevin, and we wish them a wonderful life together.

Our Customers鈥� Moment

As we near the end of 2022, we are working harder than ever to help our current customers, as well as customers we haven鈥檛 met yet, to address their biggest challenges and achieve their business goals 鈥� always with purpose; now, with a smile.

Experience 麻豆原创 Spend Connect Live virtually

If you were not able to join us in Dallas, check out the . This on-demand forum will share recordings of the keynotes and select breakout sessions from the conference. It will also feature additional, recorded sessions not seen at 麻豆原创 Spend Connect Live.

Jeff Collier is chief revenue officer for 麻豆原创 Intelligent Spend and Business Network.

GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

And it鈥檚 been no different here at 麻豆原创. We pivoted to virtual events when COVID-19 first hit, and then found ways to remain virtual but stay engaging and beat burnout when the pandemic continued. And now we are building out the vision of a hybrid event offering that balances in-person and virtual needs. Our 麻豆原创 Sapphire world tour is a great example of this new normal. By hosting in-person, virtual, and on-demand experiences in 2022, we met our customers, partners, and employees around the globe wherever and however they chose.

Through it all, we kept connection and community at the center 鈥� and this will continue in 2023.

We know how important it is to plan and make time to connect, so we are excited to confirm and announce several of our flagship events that we will be hosting in 2023:

• May 16-17, 2023: 麻豆原创 Sapphire Virtual
• May 16-17, 2023: 麻豆原创 Sapphire & ASUG Conference Orlando
• May 24-25, 2023: 麻豆原创 Sapphire Barcelona
• June 1-2, 2023: 麻豆原创 Sapphire S茫o Paulo

SuccessConnect

• October 2-4, 2023 in Las Vegas, NV

Additional 2023 Events

• 麻豆原创 Spend Connect Live: Fall 2023
• 麻豆原创 TechEd: Fall 2023
• 麻豆原创 Customer Experience LIVE: Date TBD

We are excited for the portfolio of events in the coming year, and we hope you are too! Want to make sure you get the latest updates for these events? Head over to our where you can sign up to be notified of any future event-specific updates.

We look forward to seeing you at an 麻豆原创 event in 2023!

gave us an opportunity to show how our enable organizations to manage their complete, end-to-end spend — from direct materials to indirect materials, services, contingent labor, and travel and expense. 麻豆原创 covers the full business process lifecycle, from supplier management to sourcing, contracting, purchasing, and payments. And via we make it possible to manage that spend in an intrinsically collaborative manner with your trading partners: the tier 1 partners you know as well as tier 2 and tier N partners you don鈥檛.

Manage Your Complete End-to-End Spend

At 麻豆原创 Spend Connect Live, we introduced new solutions and capabilities that are at the forefront of 麻豆原创鈥檚 innovation leadership for the next 50 years.

We are listening to our customers, partners, and market research, and we are focused on innovation driven by these guiding principles:

• A delightful user experience (UX)
• Data-driven intelligence
• Collaboration by default

If you weren’t able to attend 麻豆原创 Spend Connect Live — or if you just want a refresher — here is a summary of our product priorities and some of the innovations we introduced.

User Experience

It is clear that the next generation of intelligent spend solutions must provide a delightful UX. We are focused on making our applications more intuitive and personalized to help users accomplish tasks quickly, giving them more time for strategic activities.

Travel and Expense: A Next-Generation 麻豆原创 Concur Experience

We are incorporating consumer-grade DNA into our travel and expense solutions. So far, we have rolled out a completely overhauled expense experience. We shared our vision for a totally new air travel booking experience, one that offers details about the travel products and options available, just like you see in consumer sites.

We鈥檝e also added the policy levers, workflow, and the configurations you expect from the leading-edge corporate booking tool. This is done with a 鈥渟ustainability first鈥� mindset, natively empowering travelers to make decisions that support company goals.

Procurement: Personalized, Predictive, Sustainable

麻豆原创 has always been a leader in procurement, and we continue to evolve our solutions for the future of buying. At 麻豆原创 Spend Connect Live, we previewed new capabilities, which we refer to as 鈥渂uying 360.鈥� These encompass the next evolution of guided buying capability from 麻豆原创. The new capabilities, which are designed to improve the purchasing experience, leverage artificial intelligence (AI) and machine learning to create a holistic view of the buyer, what they鈥檙e purchasing, and their organization鈥檚 environmental, social, and governance (ESG) goals.

We have started to include these within the guided buying capability of 麻豆原创 Ariba software, and you can expect others to be integrated into your guided buying experience over time.

Data-Driven Intelligence

Consistently, customers tell us they want our solutions to leverage AI to enhance their operational decision-making. Our vision is to use analytics to unlock the massive amounts of data in our applications to help businesses make informed and actionable decisions.

Category Management: Actionable Market Intelligence and Category Insights

We plan to introduce a new SaaS procurement solution that empowers category managers and procurement professionals to make strategic category decisions for direct and indirect spending.

Our category management solution will offer intuitive scenario analysis to visualize opportunities. Sourcing and category managers can prioritize initiatives based on corporate spend data, with system-assigned recommendations and confidence levels for opportunities. Additionally, they can generate a comprehensive view of the purchasing categories to establish category goals, develop plans, and execute and monitor progress. Embedded analytics tools provide drill-down capability into categories across multiple dimensions.

The solution is planned to be available to select customers by the end of this year with expanded availability throughout 2023.

Supplier Management: Decision-Relevant Supplier Information on a Single Pane of Glass

For many organizations, supplier data can be a mess. Information about sourcing events, contract data, or supplier evaluation scores are typically spread across different systems and technologies. Making matters worse, most master data is not harmonized across systems.

As a result, data maintenance is required across multiple systems and there is a fragmented view of suppliers, which complicates making the right supply chain decisions. Our new 鈥渋nsight to action鈥� experience for 麻豆原创 Ariba Supplier Risk and 麻豆原创 Ariba Supplier Management provides visibility into your supplier base. It combines data natively from different procurement solutions, or from external sources across categories. All relevant supplier information is delivered via a simple user experience.

麻豆原创 plans to provide this capability as an initial release in early 2023, with general availability later in the year.

Total Workforce Solutions to Find the Best Talent

Procurement isn’t the only place where we are bringing intelligence and insights to life. Finding, onboarding, developing, and retaining talent is another area where organizations are facing challenges. Increasingly, it does not matter if the talent is a full-time employee or a temporary worker — what matters is getting the right skills, at the right time, for the right job.

Ongoing integration of 麻豆原创 Fieldglass solutions with 麻豆原创 SuccessFactors software will give businesses benchmark data and insights so they can make the best hiring decisions fast.

Collaboration by Default

With 麻豆原创 Business Network, we are taking business applications to the next level by extending collaboration beyond the intelligent enterprise to provide greater visibility into supply chains and help build resiliency. At its heart, business resilience is about surviving and thriving amid disruption. But most disruption occurs outside your organization, where you cannot 鈥渟ee鈥� it.

This is why you need visibility into the multiple tiers of your supply chain, which requires a high level of collaboration with trading partners. Unfortunately, many organizations still share data via phone call, e-mail, fax, or point-to-point electronic data interchange (EDI).

麻豆原创 Business Network offers a better way: onboard once and connect to many. It is a real-time, many-to-many platform that enables collaboration by default, rather than collaboration the old-fashioned way.

But what are the essential collaboration functions? These six building blocks are all supported by 麻豆原创 Business Network:

• Indirect procurement
• Direct materials procurement
• Logistics
• Asset management
• Finance and working capital management
• Talent management

Based on these building blocks, 麻豆原创 Business Network allows you to break down the silos throughout your supply chain and operate more efficiently across the breadth of your business processes in real time. We believe this will fundamentally redefine business applications of the future.

Muhammad Alam is president and chief product officer for 麻豆原创 Intelligent Spend and Business Network.

麻豆原创 Hits Key Milestones in Its FedRAMP Journey

Now and in the months to come, government agencies and highly regulated industries in the United States have access to 麻豆原创鈥檚 market-leading spend management and business network solutions, deployed with enterprise-grade security. Milestones include:

• are now available in the 麻豆原创 National Security Services (麻豆原创 NS2) portfolio in a commercial regulated environment that has been built to the National Institute of Standards and Technology (NIST) baseline in accordance with the Federal Risk and Authorization Management Program (FedRAMP) moderate parameters. It also complies with International Traffic in Arms Regulations (ITAR).
• and will be available in the 麻豆原创 NS2 portfolio in a commercial regulated environment in 2023. This will enable customers to collaborate with their trading partners in an environment that meets the security and compliance requirements of federal government agencies.
• 麻豆原创 is working to add to the 麻豆原创 NS2 portfolio.
• solutions are currently 鈥渋n process鈥� for a FedRAMP agency authorization. A third-party assessment organization has performed a full security assessment and the sponsoring agency has conducted a security authorization package review. 麻豆原创 Concur solutions are planned to be listed on the FedRAMP marketplace by the end of the year.

Enhanced Integration Between 麻豆原创 Ariba and Icertis Solutions

Delivering on the promise of the expanded partnership announced earlier this year, tighter integration between 麻豆原创 Ariba solutions and Icertis contract management solutions can help customers with a wider set of scenarios. The tighter integration provides improved collaboration, an enhanced user experience and flexible and streamlined contract management processes. Users can now replicate contract workspaces from 麻豆原创 Ariba solutions into Icertis, initiate contract authoring in Icertis for contract workspaces originating in 麻豆原创 Ariba solutions and manage contract amendment processes more efficiently. The integrations are jointly developed and supported between the 麻豆原创 team for 麻豆原创 Ariba solutions and the Icertis team and pave the way for future innovations. Additionally, for customers with 麻豆原创 Fieldglass solutions that do not have 麻豆原创 Ariba solutions, there is a direct integration available between 麻豆原创 Fieldglass solutions and the Icertis Contract Intelligence platform to help streamline sourcing, onboarding and offboarding processes for external workers. Designed to deliver enterprise-wide value, these integrations enable faster negotiations, greater compliance and AI-powered business insights and automation.

New Capabilities in 麻豆原创 Ariba Procurement Solutions Previewed

As 麻豆原创 continues to drive innovation in procurement, it previewed new capabilities designed to help organizations move toward a more predictive, personalized and sustainable buying experience. The new 鈥渂uying 360鈥� capabilities are an evolution of the guided buying capability that 麻豆原创 pioneered years ago aimed at improving the purchasing experience. Those who can benefit include everyone from the employee in need of a new laptop to the head buyers of strategic categories across all types of spend 鈥� direct and indirect materials, maintenance, repair and operations and service. These new capabilities are planned to be available to select customers early in 2023.

麻豆原创 Declares Category Management an Area of Focus and Continued Investment

Category management is the foundation of an effective procurement strategy, especially in this postpandemic economy. As the critical role procurement plays in business continuity continues to increase, there is a greater need to digitalize category management and procurement strategies. A conducted by Economist Impact and sponsored by 麻豆原创 highlights category management as one of the most important drivers of digital transformation in procurement, with more than 40% of respondents selecting the function as a top priority.

鈥淩esearch like this and input from our ongoing conversations with customers validate and guide our strategy and product road map,鈥� said Muhammad Alam, president and chief product officer, Intelligent Spend and Business Network, 麻豆原创. 鈥淲e are increasing our focus and investment in developing solutions that will help our customers truly digitalize category management to turn data into insights that can lead to improved business outcomes.鈥�

The solution for category management is planned to be available to select customers by the end of this year with expanded availability throughout 2023.

Customers with Multiple ERP Environments Can Simplify How They Manage Procurement

麻豆原创 Central Procurement, private cloud edition, is now available to help customers drive consistency, efficiency, visibility and control. With the edition, customers can now manage what鈥檚 happening across the business without jumping in and out of multiple systems or disrupting existing solutions and workflows they鈥檝e spent years defining and refining. Organizations can centrally manage procurement operations from one place regardless of which ERP environment serves as the back end. While individual transactions are still processed within each back-end system, the procurement team has a centralized view and control of everything from requisitioning and purchasing to sourcing and contracts.

Customers, including Accenture, Baker Hughes Company, Barrick Gold Corporation, CDW Corporation, Constellation Brands Inc., Devon Energy Corporation, Duke Energy Corporation, Endress+Hauser, Fifty Thousand Hours LLC, Guidant Global, Hilltop Holdings Inc., Insight Enterprises Inc, INVISTA, Johnson & Johnson, KUKA AG, LG Smith Transport LLC, Los Alamos National Laboratory, Controladora Mabe, Merck & Co. Inc., Ontario Power Generation Inc., Pfizer Inc., Sony Pictures Entertainment Inc., T-Mobile US Inc., Thermo Fisher Scientific Inc., Walmart Inc., Van Genechten Packaging, W.R. Grace and Co. and W.W. Grainger Inc., will share digital transformation stories and insights on how they are navigating the current environment of continued supply chain disruption and evolving macroeconomic trends. For more information, review the 麻豆原创 Spend Connect Live event鈥檚 and in the virtual experience starting November 8.

Visit the . Follow 麻豆原创 on Twitter at .

Media Contact:
Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2021 Annual Report on Form 20-F.
漏 2022 麻豆原创 SE. All rights reserved.
麻豆原创 and other 麻豆原创 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 麻豆原创 SE in Germany and other countries. Please see for additional trademark information and notices.

As 2022 draws to a close, the year looks much like 2021, with supply chain disruptions still plaguing consumers and companies, costs continuing to rise, and the added threat of recession.

What 麻豆原创 has heard from customers both last year and this year is that to address these ongoing challenges, they want to digitalize their business to have more visibility, more control, and a better user experience. Simplifying procurement is central to their improvement plans.

Industry research supports these personal anecdotes. In an Economist Impact report commissioned by 麻豆原创, “,” C-level executives talked candidly about their procurement goals and challenges.

The introduced in 麻豆原创 Central Procurement, private cloud edition, both address respondent challenges and support their goals. Here鈥檚 how I see the data lining up with .

麻豆原创 S/4HANA is no longer a prerequisite for 麻豆原创 Central Procurement.

Large enterprises often have dozens to hundreds of enterprise resource planning (ERP) systems. These systems are not connected, which creates difficult to access, siloed data. Moving these disparate systems to 麻豆原创 Central Procurement had required 麻豆原创 S/4HANA or RISE with 麻豆原创, but that is no longer the case. 麻豆原创 ECC customers and others can gain access to 麻豆原创 Central Procurement, private cloud edition, without first starting an 麻豆原创 S/4HANA implementation.

The flexibility offered by the private cloud edition of 麻豆原创 Central Procurement can help organizations reduce the complexity of multiple back-end systems and move toward digitalization while keeping an eye on their budget. It also enables them to continue using familiar systems without facing the disruption of migrating to a new technology.

Mass changes are possible for price conditions and custom fields in central contracts.

Large organizations can have as many as 3,000 line items that are distributed across back-end ERPs. The new feature means a user can add and update mass changes to price conditions using Microsoft Excel at item level and hierarchy level and distribute the changes across multiple backend ERPs.

This type of improved management is among the top focus areas for delivering increased value in procurement, based on survey findings. The list of focus areas includes cost savings, risk reduction, inventory management, and category management implementation/improvement. Category management also emerged as the second biggest driver of digital transformation. With every new release of 麻豆原创 Central Procurement, we aim to add features that make it easier for procurement managers and their teams to do their jobs.

Integration with 麻豆原创 Ariba simplifies RFP process allows quick ad hoc buying.

Within 麻豆原创 Central Procurement, private cloud edition, central sourcing is now integrated with 麻豆原创 Ariba solutions. Having quick access to this global business network means improved supplier discovery, faster price updates, and a simpler process for ad hoc buys. Procurement managers can bundle various demands into their requests for proposal (RFPs), source across multiple back ends, negotiate better pricing on purchase contracts, and requisition price updates through the 麻豆原创 Business Network Discovery.

The full integration addresses respondents鈥� concerns about budget constraints. The research also points out that supply chain visibility has not improved during the past two years. In 2018, 65% of procurement professionals said they lacked visibility into their supply chain and the numbers have only worsened, with 90% of organizations rating their supply chain visibility as moderate to very low. Integration to 麻豆原创 Ariba improves visibility and offers benefits across both purchasing and selling.

Customers and industry analysts are giving these three new features lots of positive feedback, but they are not the only improvements in this recent release. Find out more about the private cloud edition of 麻豆原创 Central Procurement .

Features to Look Forward to in Future Releases

麻豆原创 strives to be transparent about features that are in the pipeline. For 2023, we are excited to talk about two new features on the road map. The first is the addition of artificial intelligence (AI), machine learning, and automation, which are among the biggest innovations being added to platforms to improve management, reduce errors, and increase productivity.

In the first quarter, our engineers plan to add a feature for intelligent recommendations that will support source to order across disconnected ERPs. This new feature will be especially valuable for companies that have different material classifications for the same product. When procuring raw materials, for example, the material group (classification) may be hardware in one system and connector in another system. In an upcoming release, AI will look at data across different ERP systems and intelligently recommend the more accurate material group. Hardware, from the previous example, would be changed to connector. These types of intelligent recommendations will be made across the disconnected ERPs. Overall, embedding AI and machine learning in the platform will open up more opportunities for automation improvements.

Unified key mapping is another improvement we look forward to releasing. This feature eases procurement management by enabling integration with third parties in heterogenous landscapes and in those that do not use 麻豆原创 solutions for ERP.

Altogether, the new features in the current release and the planned features for upcoming releases are exciting achievements for 麻豆原创. More importantly, our customers are on the winning side as they gain the visibility they need, improve user experience, and move further in their journey of digital transformation.

Salvatore Lombardo is senior vice president, chief product officer, and head of Engineering for 麻豆原创 Procurement.

This also complies with International Traffic in Arms Regulations (ITAR). The environment is assessed annually by a certified third-party assessment organization (3PAO) to adhere to NIST 800-53 controls with FedRAMP Parameters. This allows government agencies and highly regulated industries in the U.S. to adopt 麻豆原创鈥檚 market-leading cloud applications for external workforce management and services procurement with an enhanced, enterprise-grade security model.

麻豆原创 Fieldglass solutions are available in the 麻豆原创 NS2 Commercial Regulated Environment (CRE). This is a significant milestone for our regulated customers, as it ensures that the data stored within our system adheres to the regulations put in place by their industry and remains in country.

麻豆原创 NS2 offers the following 麻豆原创 Fieldglass external workforce management solutions: , , and .

History of External Workforce Management

Even before the COVID-19 pandemic shined a light on increasing labor shortages, organizations were quickly evolving the ways they staffed their teams. One aspect of this evolution was the realization that temporary workers offer a valuable way to address staffing and skill gaps. An found that 42% of workforce spend was dedicated to the external workforce, composed of service providers and other non-payroll workers.

More than two years later, this percentage is projected to rise. A sponsored by 麻豆原创 found that 50% of surveyed organizations plan to increase their use of external workers. This includes the public sector, U.S. state and local governments, and regulated industries such as aerospace and defense, utilities, higher education, life sciences, manufacturing, high-tech, and financial services. Each of these industries are expected to rely on the expertise of external workers.

Managing External Workers in the Public Sector: Uniquely Challenging

Like any other organization, governments and highly regulated industries use external workers to do basic things such as deploy and manage IT, build infrastructure, and perform back-office functions. But unlike the private sector, the need for security is magnified tenfold. When employing external workers, government and highly regulated industries must comply with and adhere to strict and constantly evolving privacy and security standards.

Given the public sector鈥檚 heightened requirements for security, the realities of external workforce management can make things more challenging:

• External workers may have access to critical systems and data. Managing an external workforce means there are temporary and contingent workers who may not be committed to the long-term success of an organization, and these resources may be working with sensitive data. Therefore, it is critical that external workers are securely managed from onboarding through offboarding to help ensure only vetted and trusted resources are allowed into the organization.
• External workforce data must be protected to the highest standards. When hiring and onboarding through a workforce management solution, a worker鈥檚 highly sensitive data is stored within the application. Personally identifiable information (PII), location, and other employee-specific data is highly targeted by bad actors, so it is crucial to protect it according to government-attested regulations.
• Highly regulated organizations require an upgraded innovation model. Organizations need a solution that balances security with innovation. A solution that provides enhanced security based on industry needs, uses a local deployment model, and stays ahead of the innovation curve creates a strong barrier between cybersecurity threats and systems.

麻豆原创 Fieldglass Through 麻豆原创 NS2: Secure, Local, Sovereign

The necessity to comply with local data sovereignty regulations, store data in-county, and control who can access data based on regional requirements were key drivers in bringing 麻豆原创 Fieldglass solutions into the 麻豆原创 NS2 environment. 麻豆原创 Fieldglass solutions delivered through 麻豆原创 NS2 provide:

• Localized protection of data: All 麻豆原创 Fieldglass data is deployed and stored on U.S. Amazon Web Services鈥� infrastructure that is dedicated to addressing the needs of highly regulated industries within the cloud. 麻豆原创 Fieldglass solutions are deployed on infrastructure located within the U.S. From initial deployment to ongoing support, all facets of the 麻豆原创 Fieldglass solutions are maintained in-country.
• Innovation backed by in-region, expert resources: 麻豆原创 Fieldglass solutions are protected via a security model that provides local, credentialed resources who understand innovation, business drivers, and U.S. compliance regulations.
• Automated security: 麻豆原创 NS2 leverages tools such as vulnerability scanning, intrusion detection, and continuous monitoring to help ensure data stays protected under an automated and enhanced cybersecurity

麻豆原创 Fieldglass solutions delivered by 麻豆原创 NS2 provide a critical line of defense for protecting organizations and ensuring the individuals handling everyday operations are recruited and managed within a highly secure environment. Our sovereign cloud offering mitigates the risk of external threats by limiting system management, providing in-country deployment, and leveraging an enterprise strategy to control data access, data residency, and data sovereignty.

In other words, we keep your data secure so you can focus on what鈥檚 important: your mission.

Lillian Chang聽 is senior vice president for 麻豆原创 National Security Services.
Vish Baliga is chief technology officer for 麻豆原创 Fieldglass.

麻豆原创 Global LoB Partner Excellence Awards are a newly launched partner recognition program focusing on 麻豆原创鈥檚 strategic business priorities for the following lines of business: 麻豆原创 SuccessFactors, 麻豆原创 Digital Supply Chain, 麻豆原创 Customer Experience, and Intelligent Spend and Business Network.

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Awards select finalists and winners for their valuable contributions in realizing 麻豆原创鈥檚 vision for cloud growth based on data and key performance indicators.

Winners and Finalists

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2022 for Sales Success 鈥� Large Enterprise

• Winner: Accenture
• Finalist: Deloitte
• Finalist: PwC

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2022 for Sales Success 鈥� Midmarket

• Winner: Premikati
• Finalist: Navisite
• Finalist: Excelerateds2p

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2022 for Delivery Quality

• Winner: Deloitte
• Finalist: Accenture
• Finalist: IBM

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2022 for Customer Success Management

• Winner: NTT DATA
• Finalist: Seidor
• Finalist: IBM

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2022 for 麻豆原创 Business Technology Platform Customer Success

• Winner: Thomson Reuters
• Finalist: Stratesys Tecnologias da Informacao

麻豆原创 Global Intelligent Spend and Business Network Partner Excellence Award 2022 for 麻豆原创 Fieldglass Managed Service Provider

• Winner: Guidant Global
• Finalist: Monument Consulting
• Finalist: Randstad Sourceright

Visit the . Follow 麻豆原创 on Twitter at .

Media Contact:
Angelika Merz, +41 58 871-7216, angelika.merz@sap.com, CET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2021 Annual Report on Form 20-F.
漏 2022 麻豆原创 SE. All rights reserved.
麻豆原创 and other 麻豆原创 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 麻豆原创 SE in Germany and other countries. Please see for additional trademark information and notices.

More than half (52%) of those surveyed think their supply chain still needs much improvement and nearly half (49%) expect current supply chain issues to last through the end of 2022. One in three says the issues will last until the end of summer 2023. Here鈥檚 why:

Global Political Unrest Is the Main Factor Causing Current Supply Chain Issues

Business leaders say their current supply chain issues primarily stem from global political unrest (58%), lack of raw materials (44%) and rising fuel and energy costs (40%). Only 31% cited inflation as a major contributor.

Looking ahead, the top three supply chain disruptions business leaders expect in 2023 are:

• Reduced availability of raw materials in the United States (50%)
• A slowdown in construction of new homes (44%)
• Disruption to public transport due to lack of drivers (44%)

Cost Remains an Issue as Companies Catch Up on Lost Revenue from the Pandemic

Companies weren鈥檛 prepared for the drastic changes in consumer buying behaviors during the pandemic and felt the financial strain as a result. Around half of business leaders saw some financial impact from supply chain issues since the start of the pandemic, including:

• A decrease in revenue (58%)
• Necessity to take new financing measures, such as business loans (54%)
• Inability to pay employees (50%)
• Missed rental payments (42%)

In order to cover the extra costs of supply chain issues, more business leaders say they鈥檝e had to turn to wage or recruitment freezes (61%) and staff job cuts (50%). Only 41% have chosen to increase the price of their products or services.

How Supply Chain Issues Will Impact the 2022 Holiday Season

The 2021 holiday shopping season was anything but normal as supply chains were stretched beyond their limits. Although many companies have started to prepare, there are still questions about how this year will pan out.

Let鈥檚 start with consumers. A separate study by 麻豆原创 of 1,000 U.S.-based consumers found that nearly half (45%) say price is the top factor they weigh in purchasing decisions, and a whopping 73% say it鈥檚 a top three factor. With inflation hiking costs and a potential recession worrying consumers, it鈥檚 not surprising that 65% plan to decrease their holiday spending budget, and 54% expect inflation to impact how they shop for holiday gifts, with 39% shopping online more.

Business leaders anticipate the online shopping trend, with 73% expecting an increase in e-commerce volume this season compared to last year. To sell their own products, business leaders plan to deliver on these differentiating points:

• Speed of delivery (64%)
• Excellence of customer service (57%)
• Availability of products (52%)
• Sustainability credentials (47%)
• Price reductions (42%)
• Made in the U.S. (38%)

Companies Are Fortifying Supply Chains for the Future

Every organization said their supply chain needs improving to some extent, and they鈥檙e making big changes to prepare for future disruptions and to fortify their supply chains. Business leaders plan to:

• Adopt new technology to overcome challenges (74%)
• Implement new contingency measures (67%)
• Prioritize U.S.-based supply chain solutions (60%)
• Find new environmentally friendly supply chain solutions (58%)

Nearly two in three companies (64%) are moving from a 鈥渏ust in time鈥� supply chain to a 鈥渏ust in case鈥� supply chain by increasing the amount of inventory they store. In fact, 63% think the United States should adopt this approach to overcome potential supply chain crises this year.

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鈥淭he move to 鈥榡ust in case鈥� means organizations will be storing more inventory to help meet customer demand, but doing so also means increased cost,鈥� said Scott Russell, Member of the Executive Board of 麻豆原创 SE, Customer Success. 鈥淢anaging the supply chain is a constant balancing act. Over the last couple of decades, the 鈥榡ust in time鈥� approach traded resiliency for efficiency and lower costs, which in turn made the supply chain fragile. The pandemic and the snowball effect of related disruptions exposed this fragility, which has organizations refocused on resiliency. Still, cost remains a factor, especially in the current economic environment. Technology can help organizations strike the right balance by enabling more real-time collaboration between trading partners.鈥�

麻豆原创 helps businesses meet demand with greater visibility across globally distributed operations, better collaboration with trading partners and insights into risks, all while operating more sustainably.

This is where business networks come into play. For more information on how 麻豆原创 can help build better supply chain resiliency with 麻豆原创 Business Network, visit .

Findings are based on a survey conducted in late August and early September 2022 of 400 U.S.-based senior decision-makers in logistics and supply chain strategy across small, medium and large businesses.

Visit the . Follow 麻豆原创 on Twitter at .

Media Contact:
Kelly Sheldon Murray, +1 (978) 708-6821, kelly.murray@sap.com, ET
麻豆原创 麻豆原创 Room; press@sap.com

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of 麻豆原创鈥檚 2021 Annual Report on Form 20-F.
漏 2022 麻豆原创 SE. All rights reserved.
麻豆原创 and other 麻豆原创 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 麻豆原创 SE in Germany and other countries. Please see for additional trademark information and notices.

The past few years have been tough, with many changes in the world impacting the business community. Between labor shortages, geopolitical tensions, logistics challenges, and now inflation, supply chain functions have undergone a series of disruptions. 麻豆原创 Spend Connect Live 2022 offers an opportunity for procurement leaders, supply chain officers, risk managers, sustainability personnel and other employees working with these issues to connect with industry peers to hear their stories and understand our latest innovations.

With over 110 sessions — including more than 30 business success stories, 24 expert-led deep-dive sessions, and 16 road map breakout sessions — we are bringing together procurement, external workforce, travel and expense, and supply chain solutions for a dynamic, interactive experience. Join other spend management professionals to learn strategies for keeping costs low amid inflation as well as how to become the buyer of choice with streamlined, transparent procure-to-pay processes. Looking to create a proactive risk management strategy for a ready-for-anything supply chain? We have sessions for that too.

Whether you have been an 麻豆原创 customer for years, are new to the community, or are considering our solutions, 麻豆原创 Spend Connect Live has something to offer. The event will address top-of-mind business challenges, inspiring transformations for you to take back to the office.

Here are five things you can look forward to at 麻豆原创 Spend Connect Live 2022.

1. Hear Success Stories and Attend Keynote Sessions

Don鈥檛 miss hearing more than 30 companies add their insights into today鈥檚 challenges and the latest trends in total spend management as they share their success stories. And do we have success stories: our customers — including CDW, Grainger, Halliburton, Johnson & Johnson, Los Alamos National Laboratory and Sony Pictures Entertainment — will share how they transformed their businesses by digitalizing their supply chain and harmonizing their spend management processes. Join these customer-led sessions to hear how they manage disruption and mitigate risk with a centralized procurement function.

Don鈥檛 forget to check out this year鈥檚 keynote speakers, too: listen as McKinsey & Company Partner Roman Belotserkovskiy and Hall of Fame quarterback Troy Aikman share learnings from business challenges and transformations in their keynote sessions.

2. Optimize Spend Management Investment and Network with Peers

Participate in interactive discussions with peers and 麻豆原创 solution experts to accelerate outcomes and maximize the value of your solutions. Various sessions offer the opportunity to discuss best practices in real time with your peers to get the most out of your investment. Topics include creating and maintaining sustainable supply chains, improving usability through a stellar user experience, and driving compliance and supplier adoption.

This year鈥檚 event will also be the perfect environment to engage with fellow customers, get 1:1 time with industry executives, and chat with innovation leaders in breakout sessions. With guest speakers from around the world, along with analysts, partners, and spend management leaders, there will be no shortage of networking and knowledge-sharing, even outside of formal sessions. Take advantage of the variety of opportunities to make new connections and strengthen old ones to leave with a stronger network than before.

3. Upskill Tomorrow鈥檚 Workforce with SIG and ASUG

Through the disruptions of the past three years, the role of spend management professionals has been a critical and strategic one to the business. With this elevation in visibility and expectations comes the need for upskilling within procurement and supply chain teams. Join 麻豆原创 and the as they showcase online and in-person courses from and .

For more knowledge-sharing, join the onsite to connect with other practitioners, exchange peer-to-peer learning, and hear perspectives from 麻豆原创 experts and partners from the procurement, supply chain, and technology communities of practice.

4. Ensure Travel and Expense Spending Goes Farther

With the resurgence of business travel, the range of employee-driven spending is widening. For most organizations, it is a delicate balance between expanding employee travel and controlling cost amid economic headwinds. Procurement and travel managers set the definition of compliant spend, which requires looking at the entire life cycle — from spending policies to how expense claims are validated to employee reimbursement. Join the team to learn how technologies like artificial intelligence (AI) and machine learning are creating scale and efficiency within procure to pay processes. We will also show you how to establish a comprehensive, end-to-end approach to managing travel and expense to make your spending go farther.

5. See Innovation from the 麻豆原创 Ecosystem

麻豆原创 Spend Connect Live 2022 features a diverse group of , partners, and startups. Twenty-seven industry leaders, all part of the 麻豆原创 ecosystem, will be showcased. In addition, a select number of partners are hosting breakout sessions on a range of timely, critical topics 鈥� from addressing spend management challenges in a volatile macroeconomic environment to creating a collaborative, sustainable supply chain, and so much more. Learn more about our .

At 麻豆原创 we continuously strive to bring innovation to market through development as well as through investments. has enabled more than 450 startups to deliver exciting innovations for our customers. This year, 麻豆原创.iO will showcase spend management ventures with and interactive demos at the event marketplace. See how is working to create a B2B world with zero waste, enabling companies to participate in the circular economy and support sustainability initiatives. will demonstrate how it provides insights and sourcing strategies by identifying opportunities that align spend to current market intelligence. Come see our ecosystem at work, bringing thought leadership, solutions, and innovation to address your pressing challenges.

Of course, it won鈥檛 be all business. We’ll have some fun too at the celebration night in the AT&T Discovery District with great food, drinks, and music. We hope you join us in celebrating our first in-person event since 2019.

If you have not already, for 麻豆原创 Spend Connect Live, taking place October 24-26, 2022, at the Sheraton Dallas Hotel. to build the perfect itinerary for you and your business. I look forward to seeing you there!

Etosha Thurman is chief marketing and solutions officer for 麻豆原创 Intelligent Spend and Business Network.