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
Electronic data interchange (EDI) is an important technology for creating a smooth and automated data flow between your business and your partners, both suppliers and sellers. This can include purchase orders, invoices, and billing information.
In this video demonstration, we'll show you the difference between the traditional, manual way of processing invoices in SAP and the power of automating this process using SAP Business Technology Platform (BTP).
As summed up by SAP's Patrick Maroney, a principal in SAP's High Tech Industry Executive Advisory , "Embodying industry best practices designed to solve specific business challenges, ERPs running in secure public-cloud environments bring enterprise resource planning to small and midsize high-tech companies. It’s a necessity."
Today, life sciences firms need the power and features of industry-standard enterprise resource planning software such as SAP Business ByDesign. By using old technology, the organization lost nearly 16,000 COVID-19 test results. By using old technology, the organization lost nearly 16,000 COVID-19 test results.
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.
Google’s transition to SAP Ariba ‘s cloud-based services has a completion date set for Aug. Due to the SAP Ariba Network, suppliers have access to better visibility for invoices and orders, with the ability to self-manage account information, submit invoices electronically and receive new purchase orders.
A new Goldman Sachs deal will allow more companies to work with with the wide swathe of businesses using SAP’s Ariba Network , which boasts trillions of dollars in commerce transactions annually, according to a press release. In addition, the deal will allow better reconciliation of payments with the matching invoices.
Global payments technology provider EVO Payments announced it has purchased SAP firm Delego Software, EVO said in a press release on Tuesday (Sept. Delego has deep roots in technology and was originally launched in 1997 as an SAP consulting business. It is now among the most powerful SAP companies for B2B users. .
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.
The xSuite Group Business Partner Portal Sphere will run on the SAP Cloud Platform to help suppliers through new B2B payments automation, a press release says. Information and documents will be available in the SAP system for the purchase department, the release says, replacing the need for printed-out paper documents and snail-mail.
In addition, for companies currently in the SAP ecosystem or others looking to move to SAP, their subscription business implementations need to provide a seamless pathway to SAP S/4HANA in the cloud. The packaged solution requires the core SAP Scope Items shown in the table below.
AspireHR teamed with SAP Concur for a reselling and system connection collaboration to bring the latter company’s travel, expense and invoice management offerings to additional North American companies, according to a Thursday (Jan. 14) announcement. Brex card activity appears on Concur Expense automatically with the link.
The Bramasol team had the pleasure of doing just that last week at SAP Insider in Las Vegas and it was both enjoyable and very informative! Here are four key insights and trends from our interactions with fellow participants at the SAP Insider Event. Some of the other real-world benefits of BRIM-enabled DSE offerings are shown below.
The process will involve extracting data from physical documents and loading them automatically into SAP. The partnership will attempt to reduce costs for the numerous companies using SAP’s services for invoice processing and running financial systems in general, the release states.
The Bramasol team at SAP Sapphire all agreed that it was one of the best events we've attended in quite a while, with lots of opportunities for deep engagement with SAP experts. SAP Business Transformation Center determines which data needs to be transferred.
This blog post provides an overview of how the latest enhancements within the SAP ecosystem can provide a useful roadmap for the next steps toward optimization and ultimately transformation. The following important new RevRec features are now available in SAP S/4HANA. Also, the accounting document is posted for each revenue contract.
Globality said that its “Strategic Services Connector” extensions for SAP Ariba Buying and Invoicing, in addition to SAP® Ariba® Contracts, are accessible through the online marketplace for SAP partner products called the SAP App Center, according to a Monday (Dec. 14) announcement.
Payments solution provider Delego is rolling out its invoice presentment and payment solution, PayCenter, a SAP-integrated tool, to digitize and streamline accounts receivable. Delego’s PayCenter offers Delego RapidPay, which supports ACH, card, digital wallet and other payment methods when invoices are presented.
This week, Barclays and Santander InnoVentures demonstrated traditional banks’ interest in alternative finance when they led a nearly $34 million equity fundraise for invoice financing platform MarketInvoice. The company plans to use the investment to explore the integration of technologies like blockchain, and to grow its network.
B2B FinTech is taking advantage of bot technology across use-cases, from SME banking to accounting. SAP Ariba has just become the latest to add to this trend and is pulling the hype over chatbots into the world of procurement. Plans for its procurement bot were revealed at its SAP Ariba Live conference.
Source-to-pay solution provider Basware now offers its business automation resources on the SAP App Center , the digital marketplace for systems applications and product (SAP) partner offerings, Basware announced on Tuesday (Nov. The program offers SAPtechnologies through one global OEM contract.
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.
To provide vendors with control over how and when they receive their payments, the Qwil Supplier Payment Optionality Solution has become available on the SAP App Center. The technology is integrated with the SAP Fieldglass solution per an announcement. In December, news surfaced that Qwil notched $24.4
To automate the transformation of machine-readable PDFs to digital invoices, Basware has rolled out SmartPDF AI in the newest expansion of its SmartPDF offering. The tool uses information taken from past invoices through a cutting-edge machine learning (ML) model, according to a Tuesday (Sept. 22) announcement.
Mastercard said recently that it has partnered with SAP Concur to deliver an expense and invoice management process to banks, companies and government agencies in Asia Pacific for transactions with corporate cards.
Enterprise content services provider Hyland is enhancing the integration of its OnBase ERP platform with SAP to strengthen accounts payable automation capabilities, the company said in a press release Tuesday (Oct.
This new Insights Post explores how the SAP ecosystem can help life sciences companies align initiatives in both of these areas with digital transformation initiatives that embrace new subscription-based revenue opportunities and simultaneously map out an optimized roadmap for moving to more efficient cloud-based ERP and overall business systems.
Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. Automated verification.
To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. Centsoft connects with different enterprise resource planning (ERP) technologies like SAP Business One, NetSuite, Dynamics 365 and QuickBooks.
Given the imperative to accelerate digital transformation across industries, CFOs and finance teams need to get better at adopting new technologies and driving the integration needed to make these work optimally. Meanwhile, process mining capabilities provide deeper insights into daily finance operations to drive workflow improvements.
Also, the ability to leverage comprehensive agnostic analytics tools such as SAP Analytics Cloud will be key to enabling agile decision-making that takes into account timely data from all parts of the end-to-end process.
To be fair, there is no lack of new technologies aimed at displacing the beloved spreadsheet. Mark Wilfred , head of solutions consulting, Southeast Asia at SAP Concur , says the raison d'être for the stickiness of spreadsheets is familiarity. Why do you think finance executives in Asia are reluctant to leave their spreadsheets?
How SAP Quote-to-Cash Provides Flexible Deployment Options SAP's comprehensive suite of Quote-to-Cash solutions has been evolving over the past two decades with a focus on delivering fully integrated end-to-end functionality for managing complex subscription based DSE offerings.
Large companies may receive thousands of monthly invoices that must be processed quickly and economically, and firms of all sizes need to track payment obligations and issue funds. Processing vendors’ invoices can be expensive if companies lack streamlined AP systems. on average to process a single invoice in 2019, for example.
For example, operational data is stored across multiple legacy technologies, like 3G or 4G, and platforms, including operational support systems (OSS) and business support systems (BSS). For more information, check out these resources: Podcast: SAP's Scott Campbell Discusses Telecom and Media.
SAP is at the forefront in providing Data Fabric solutions with advanced data and analytics capabilities in the SAP Business Technology Platform (BTP) , SAP Data Intelligence Cloud , and S/4HANA Cloud environments. Discover and connect to data in multiple locations and in a variety of ways. Digital Solutions Economy.
Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. The firm said companies in the space have unique needs when it comes to handling supplier and vendor invoices.
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. Shares were up 8 percent in the week prior to SAP’s announcement, reports said. a share (above the predicted $0.02 Revenue hit $11.4
The rise and challenges of ERP systems Over the past 50 years, accounting and finance professionals have embraced existing and new technology, from using the first computers to implementing and using advanced ERP (Enterprise Resource Planning) systems. These processes vary. This makes what is likely an already time-consuming task even slower.
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.
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.
The role of enterprise level CFOs has changed radically over the past decade with both a widening scope of influence and greater responsibilities for helping guide corporate transformation programs and technology choices. Sweeping changes in the enterprise technology landscape have also been a key driver in expanding the role of CFOs.
The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Being able to transmit this type of data via blockchain would make B2B processes like invoice processing and payments far quicker, the company explained.
AvidXchange has reached an agreement to acquire BankTEL Systems, which provides accounting technology to banks. banks as clients, and its takeover will enable AvidXchange to bridge its invoice-to-payment accounts payable technology to those bank customers via BankTEL. He noted BankTEL was founded in 1992.
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