This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Throughout 2024, SAP actively continued integrating artificial intelligence (AI) across its entire product suite to enhance business processes and user experiences, which has set the stage for driving tangible impacts for businesses in 2025. This integration provides a more user-friendly way for individuals to engage with SAP solutions.
American Express (NYSE:AXP) and SAP Concur announced on Wednesday (July 8) two new offerings integrating services, the latest in a long series of collaborations between the companies. Employees will be able to pay company invoices using American Express cards from within Concur Invoice.
As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them.
Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. This method provides flexibility but can lead to revenue fluctuations.
This week we take a look at the quarterly results from major B2B companies including SAP and FICO, along with other FinTech players like Bottomline Technologies, Mitek Systems and Chrome River. Take a look at how enterprise cloud adoption, continued use of checks and other factors are swaying the numbers for these companies.
As SAP's Scott Campbell said in this recent podcast , "SAP’s Billing Revenue Innovation Management suite of solutions can help manage the back end for everything from pricing, managing orders and contracting, gathering consumption data, charging customers, billing & invoicing, commissions, collecting money and handling disputes.
From an enterprise standpoint, an IDG Market Pulse survey of North American companies with over 1000 employees indicated that, " the mean number of data sources per organization is 400. More than 20 percent of companies surveyed were drawing from 1,000 or more data sources to feed BI and analytics systems."
Palette allows these firms to ingest invoice information from suppliers in an expedient fashion, handle invoices with an automated process for approvals, and provides a trail that auditors can examine. The firm said companies in the space have unique needs when it comes to handling supplier and vendor invoices.
Entitlements can include a wide range of offerings, such as access to a cloud service, number of user licenses, software support, hardware maintenance services, warranties, media access rights, or usage-based consumption rights. Integration with embedded analytics such SAP Analytics Cloud.
With the little time you have to spare, you’ll do your best to validate the numbers, scrub them as necessary, and present the information the best way you can. We found that the biggest unspoken challenge weighing down finance teams is still manual Excel processes. These processes vary.
In this episode, we drill down for a closer examination of the types of entitlements that are offered as part of subscriptions and bundles in various industry segments, along with some insights into how entitlement management solutions that are part of the SAP BRIM portfolio and ecosystem that can be helpful to achieve success.
Many business travelers will lower their number of trips, and leisure travelers will shift from ‘hyper-global’ to ‘hyper-local’ travel for the foreseeable future.". “Businesses are connecting with their customers virtually and leisure travelers are discovering the joys of staying local," Dev said.
As one of SAP's longest serving partners, the Bramasol team has been deeply involved in the evolution of purpose-built, integrated SAP solutions for revenue recognition, lease accounting and end-to-end management of new subscription-based DSE offerings. For revenue recognition, they also must comply with ASC 606 and IFRS 15.
On the other hand, electronic invoice use is also up, so corporates may also be increasingly encouraged to spend digitally. TechSmith Camtasia Studio, followed by SAP Crystal Reports and Adobe InDesign. New research reports find the good news and bad news in those changes. Germany, Italy and France.
Some would process their payments to their own enterprise resource planning solutions like SAP and others. Growing numbers of FinTechs are also forcing banks to innovate or be left behind. Another pandemic-driven payments wrinkle is the unprecedented number of employees working from home.
According to PYMNTS data, more than 60 percent of digital platforms say too many false positives are a significant point of friction in the conversion process — and more than 30 percent say it’s their number-one challenge. Suppliers can also submit duplicate invoices, or issue the same invoice with different billing amounts.
The technology enables automated and efficient payment management workflows, while letting institutional landlords satisfy the rising interest in alternative ways to pay by a number of tenants. All pertinent payment data is shared with linked ERP technologies like Wodis Yuneo, Wodis Sigma, Blue Eagle and SAP RE-FX.
Vihang Patel , co-founder and CEO of Finaxar, said the companies has "realized that businesses are challenged by slow transaction times due to manual administration of invoices, payments and receivables. An SAP Concur study found that the Asia Pacific region could face losses of up to $21.5
For many companies, the accounts payable (AP) process is mired in paper, but technology, properly deployed, can cut down the paper chase, streamlining the journey between getting invoices and paying them. Typically, the AP department will struggle to just pay on time or reasonably late,” he told PYMNTS.
The SAP Concur 2020 survey, Finance in the New World of Work , revealed gaps in organisations’ expense management, business travel, and remote work processes. With the unprecedented number of people working from home in 2020, this is really a watershed year for companies to manage employee productivity. billion in GDP.
And then there’s always the paper trail, which bedevils any number of activities – chasing down invoices remains only a glaring, and tedious, example. Those smart contracts based on Ethereum blockchain , said the executive, can be used to satisfy and settle payment terms, liens and to ascertain invoice status.
“There are a number of unique needs and challenges across the entire source-to-pay process,” the firm’s director, Conor Mullaney , said of the oil and gas industry. One of the most popular, Mullaney said, is SAP ERP and SAP Ariba.
The Shelby Group — based out of Schaumburg, IL — provides consulting, implementation and ongoing procurement operation services, and focuses on procure-to-pay software suites, including SAP Ariba, Ivalua and Coupa. “Shelby sees strong, sustained demand for digital procurement transformation among industry-leading companies.
“If you're going to drive a successful business transformation, it's really important that finance is part of that transformation,” said Richard McLean , senior vice president, head of global commercial finance at SAP. You want to protect the integrity of the transactions – the numbers. How you adopt them is important.
An automated process will include several components that should be common for most businesses – a purchase order (PO) is first requested and issued for an approved supplier, then an invoice that is tied to the PO is received, and finally, the payment is approved and made to the supplier as the work is completed, subject to the payment terms.
With the little time you have to spare, you’ll do your best to validate the numbers, scrub them as necessary, and present the information the best way you can. We found that, despite 2024 being in full swing, the biggest unspoken challenge weighing down finance teams are still manual Excel processes. These processes vary.
This can be seen clearly in the increased adoption of SAP Cloud-based S/4HANA over recent years. As of the third quarter of 2023, SAP SE reported cloud revenue was up by 23% at constant currencies, driven mainly by the growth of SAP's combined SaaS and PaaS portfolio. SAP operates 57 data centers at 32 locations in 15 countries.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content