With the introduction of RISE with 疯拍传媒 add-on packages for critical lines of business, customers using RISE with 疯拍传媒 can reap significant value from their cloud ERP investment. Each targeted package augments the complete offering of cloud solutions, infrastructure, and services, creating a strategic arsenal for addressing uniquely nuanced challenges and opportunities. 

The first two sets of packages that are now available focus on the needs of finance and supply chain organizations. To advance critical functions from digital banking and treasury and risk management to product lifecycle management and logistics, these packages are designed to be versatile allies in the quest for greater efficiency, sustainability, and growth. 

Strengthening Financial Empowerment for Business Growth 

Financial management stands as a critical pillar for business growth. Within RISE with 疯拍传媒, its impact can be heightened with add-on packages finely tuned for the office of the CFO. 

Digital Banking: Simplify connections with customers, banks, and payment service providers while meeting the highest security standards.

The digital banking package streamlines financial transactions and helps ensure a comprehensive and secure banking interface, supporting payment processes integrated with 疯拍传媒 S/4HANA Cloud Private Edition.听.

Treasury and Risk Management: Invest, borrow, and hedge exposures more confidently with a comprehensive solution for centralized treasury and risk management.

Through the RISE with 疯拍传媒 advanced treasury and risk management package, smooth integration with trading platforms allows finance organizations to streamline, automate, and unify trading activities and make more strategic decisions with real-time and predictive cash insights. .

Financial Three Lines of Defense: Let standardization and automation take center stage to address key activities in enterprise risk management, regulatory compliance, and audit processes.

The three lines of defense package empowers finance professionals to anticipate and respond to potential economic risks, identify and resolve issues faster, and gain near-real-time visibility into their company鈥檚 compliance status and control effectiveness. .

Billing and Revenue Innovation Management: Accelerate the monetization of innovative business models and billing processes for bundled-usage services, products, projects, and recurring services billed on a single invoice.

Using the billing and revenue innovation management package helps establish the foundation for supporting subscription order management, convergent charging and invoices, and contract accounting. It also facilitates incentives and revenue shares for business partners with high-volume customer billings. .

Building Resilient Bonds Across the Supply Chain 

Companies that connect their processes, contextualize their decisions, and collaborate with each supplier, partner, and stakeholder are well-positioned to run risk-resilient and sustainable supply chains. RISE with 疯拍传媒 brings this competitive edge by setting the proper foundation with the following add-on packages.

Advanced Product Lifecycle Management: Empower your development organization with the best capabilities for collaboration, visualization, requirements definition and specification, and change management.

The RISE with 疯拍传媒 advanced product lifecycle management (PLM) package equips product-centric companies with solutions that keep information flowing across each PLM activity and engage suppliers through digital networks. In return, design decisions are made more accurately, and delays give way to accelerated time to market. .

Advanced Supply Chain Planning: Build an agile, intelligent, and risk-resilient supply chain.

With the RISE with 疯拍传媒 advanced supply chain planning package, supply chain organizations can automate and tightly coordinate their planning processes, leverage AI-driven intelligence and planning capabilities, and identify disruptions and shortages early to respond faster and more effectively. .

Advanced Logistics: Increase resilience against constant change and deliver as promised at the right time 鈥� every time.

Through the RISE with 疯拍传媒 advanced logistics package, supply chain organizations gain best-practice logistics capabilities in warehousing, transportation, robotics, and yard management to reduce costs, avoid stock-outs, and improve order accuracy and on-time delivery. .

Advanced Manufacturing: Drive productivity safely and sustainably with intelligent manufacturing planning and execution.

The RISE with 疯拍传媒 advanced manufacturing package assists supply chain organizations in meeting demand with automated, flexible manufacturing processes that support risk-resilient operations and improve sustainability performance. .

Advanced Asset and Service Management: Enter a new world of optimized, AI-powered maintenance and service capabilities.

The RISE with 疯拍传媒 advanced asset and service management package opens the door to innovative technologies that maximize asset performance, reduce maintenance costs, and deliver service excellence. This approach allows asset owners and service providers to handle everything from asset strategy and planning to maintenance scheduling and field service management on mobile devices. .

Navigating the Future with Digital Synergy 

The RISE with 疯拍传媒 offering is not only emerging as an enabler for migrating on-premises ERP systems to 疯拍传媒 S/4HANA Cloud Private Edition; it鈥檚 also a transformative force shaping the future of businesses.

And with the addition of add-on packages meticulously crafted for finance and supply chain challenges, the offering stands to become a strategic partner, propelling 疯拍传媒 customers into a new era of efficiency, resilience, and sustained growth.

Eric van Rossum is chief marketing and solutions officer for Cloud ERP at 疯拍传媒.

疯拍传媒 is pleased to introduce add-on packages for the GROW with 疯拍传媒 offering, which are uniquely tailored to the needs of finance and HR functions. These packages integrate the latest cloud solutions, infrastructure, and services into a strategic toolkit, addressing the challenges and opportunities growing companies face.鈥�

The add-on packages provide a dependable, company-wide view that strengthens financial and HR management practices as strategic pillars for growth. In return, businesses can operate more efficiently, sustainably, and effectively — even when expanding their operations.鈥�

Here is a summary of our new add-on packages.

Digital Banking Package for GROW with 疯拍传媒

Connect your banks, financial institutions, and payment service providers directly to 疯拍传媒 S/4HANA Cloud Public Edition through a single, centralized platform: The digital banking package provides a multi-bank, digital channel between ERP systems and banks with optional embedded SWIFT connectivity. Integrated payment and statement processes are also available, bringing more comprehensive visibility across the payment value chain.鈥�

With the digital banking package, businesses gain critical capabilities; for example:

• Smooth connectivity to financial and payment services to accelerate the onboarding of providers and strengthen compliance with PCI DSS standards鈥� 
• A cloud service for processing incoming credit cards, incoming and outgoing payments, and API-based instance balances 
• Reduction in cash reconciliation efforts while optimizing IT costs and increasing flexibility when choosing providers

.

GROW with 疯拍传媒 Advanced Treasury and Risk Management Package鈥赌赌�&苍产蝉辫;

Invest confidently and mitigate financial risks while doing more with fewer resources: The GROW with 疯拍传媒 advanced treasury and risk management package gives treasurers the comprehensive solution they need to capture exposure data, classify and qualify risks, and trigger trade actions. Predefined connectivity and integration capabilities are available as well, connecting businesses to trading platforms and providers and supporting cash, investment, and risk processes in 疯拍传媒 S/4HANA Cloud Public Edition.鈥�� 

The package includes proven solutions, such as:鈥赌赌�&苍产蝉辫;

• Financial risk management 
• Debt and investment management鈥� 
• Advanced treasury analytics and executive dashboards 
• Hedge management and hedge accounting in compliance with IFRS and U.S. GAAP requirements鈥� 
• Smart trading using 疯拍传媒 Business Technology Platform and smooth integration with an external trading platform

.

GROW with 疯拍传媒 Advanced Compliance Automation Package

Address evolving regulatory and industry compliance requirements with greater ease and confidence: The GROW with 疯拍传媒 advanced compliance automation package empowers finance teams to transform and standardize their processes globally while adhering to local standards efficiently. Furthermore, the package helps meet e-invoicing mandates while keeping order-to-cash processes efficient and internal controls adequate.鈥�

The advanced compliance automation package features proven compliance offerings, including:

• 疯拍传媒 Document and Reporting Compliance solution鈥痶o fulfill local compliance mandates and automate compliance processes
• 疯拍传媒 Risk and Assurance Management application鈥痶o centrally manage internal controls over financial reporting, improving performance and protecting core data and processes

.

GROW with 疯拍传媒, Core HR Add-On 

Drive continuous alignment between HR and finance to achieve better business outcomes: The GROW with 疯拍传媒 core HR add-on provides a modern cloud-based core HR system that serves as the source of people data in 疯拍传媒 S/4HANA Cloud Public Edition. It contains the 疯拍传媒 SuccessFactors Employee Central solution, allowing organizations to use a common data model for HR and finance.鈥�  

The core HR add-on helps businesses realize key benefits, such as:鈥�  

• Improve people and financial data quality with pre-delivered integration
• Drive more effective workforce planning with holistic real-time insights
• Embrace the latest innovations, such as AI, with a single cloud platform
• Engage users with consistent experiences across HR and finance applications
• Get up and running quickly with pre-configured processes and best practices

.

Business Growth with the Best of Finance and HR

Add-on packages for GROW with 疯拍传媒 provide fast-growing organizations with the tools they need to not only enhance their finance and HR operations, but also lay a solid foundation for future success. They can navigate an increasingly complex and competitive landscape with the insight and power to confidently embrace change, fuel innovation, and achieve ongoing growth in an ever-evolving economy.鈥� 

Eric van Rossum is chief marketing and solutions officer for Cloud ERP at 疯拍传媒.

Following a series of issued during the past decade, the has now mandated e-invoicing for all B2G (business-to-government) procurements. The same requirements are expected to include B2B transactions in Europe as well. So far, over 100 countries including Italy, Germany, Poland, Greece, France, and Romania have enacted mandatory e-invoicing legislation, as have numerous others in Latin America and Asia.

Cloud-Based Platform Collaboration Supports E-Invoicing Compliance

There鈥檚 no big mystery behind the e-invoicing push. In-country regulators and policymakers see digitalization as crucial to improve fraud detection, simplify VAT reporting, and gain a measure of transparency. While e-invoicing mandates from governments add a layer of complexity for buyers and suppliers, cloud-based platforms have become the norm to automate and simplify collaboration.

One example is , where buyers and suppliers can manage procurement and invoicing activities with their trusted ecosystem.

鈥淎s governments add e-invoicing mandates, we鈥檙e committed to help organizations by providing capabilities for regulatory consistency,鈥� Lorraine Yao, director of Product Marketing for 疯拍传媒 Business Network, said. 鈥淒igitalization automates the flow of accurate information from order placement, shipping confirmation, and delivery through e-invoicing that鈥檚 connected directly to the company鈥檚 ERP system. Organizations can replace manual verification with automation based on real-time updates that speed up accurate processing, order fulfillment, and timely payments.鈥�

Buyers and Suppliers Reap Benefits of Connected Network

Yao said that organizations transact US$5.3 trillion in annual commerce on 疯拍传媒 Business Network, totaling 746 million B2B transactions each year. Business results to date have been impressive.

After centralizing automated supplier invoicing and collaboration on 疯拍传媒 Business Network, the procurement team at a U.S.-based clothing and accessories retailer saved time with quick access to spend details and reporting analytics. With fresh insights, the strategic sourcing team can identify savings opportunities and expediently act on emerging trends.

A multinational infrastructure and renewable energy company based in Europe moved to 疯拍传媒 Business Network as part of its company-wide procurement transformation. Replacing manual processes with automated machine-to-machine transactions has reduced errors, increased efficiencies, and provided the procurement team with real-time insights across the supply chain for more informed decisions.

Global Business Transformation from E-Invoicing

E-invoicing is yet another advancement slated to leave legacy tax collection behind. In an survey, 61% of tax professionals agreed that e-invoicing will have a significant impact on their tax management process in the next 24 months. Researchers expect e-invoicing 鈥渢o fuse compliance and invoice management into one extended process鈥s VAT and GST (goods and services tax) protocols grow鈥his essentially means that every company conducting business in the global market will have to interact with these e-invoicing protocols.鈥� It鈥檚 no wonder that e-invoicing mandates are spreading rapidly as countries including Australia, Japan, New Zealand, and Singapore adopt the EU model, adapting requirements to their specific needs.听

E-Invoicing Boosts Sustainability

Much more than surface automation measures, e-invoicing also contributes to what the calls the twin transition, meaning digital and green transformation. After all, when companies use less physical material such as paper, printing, and postage, along with fewer resources routing and archiving data, they can save energy.

鈥淏uyers can quickly process information and data contained in electronic invoices and feed them directly into a company’s payment and accounting systems,鈥� Yao said. 鈥淥ur 疯拍传媒 Business Network customers find that procurement teams spend less time retrieving information and more time modeling strategic decisions. They can easily collaborate between internal groups and external suppliers, reducing inquiries and speeding up approvals while improving compliance.鈥�

Broadened Positive Impact of Digitalization

Although e-invoicing is a government mandate in a growing number of countries, leaders in many organizations have realized that digitalization has broader business benefits. analysts predict that by mid-2025, 70% of global businesses will use embedded financing to collect and make payments. This includes services like invoice transmissions.

鈥淒igitalization gives both buyers and suppliers transparency to see e-invoice status, saving time and improving efficiencies,鈥� Yao said. 鈥淗aving immediate visibility to relevant procurement data in one dashboard, accounts payable teams can make the most of early-payment discounts and better manage working capital. This also improves cash flow for suppliers who receive timely payments. 疯拍传媒 is committed to help companies manage procurement end-to-end, including e-invoicing to meet country-specific mandates, and build trading partner relationships for business growth.鈥�

Susan Galer is a communications director at 疯拍传媒. Follow her @smgaler.

enables organizations 鈥� however complex, across however many channels, and regardless of which CRM they run 鈥� to produce quick and accurate quotes, accommodating the most advanced configuration and pricing requirements, helping to result in a better sales experience and faster sales cycles.

Gartner evaluated 16 vendors and named 疯拍传媒 a Leader based on our 鈥渁bility to execute鈥� and 鈥渃ompleteness of vision.鈥� We believe this recognition serves as an acknowledgment of 疯拍传媒鈥檚 continued commitment to providing our customers with a CPQ solution that can meet all their needs.

疯拍传媒 CPQ is an essential component of 疯拍传媒’s portfolio of products that help automate the quote-to-cash process, which enables organizations to convert sales opportunities into paying, profitable, and repeat customers. Leveraging a modular cloud approach, 疯拍传媒 brings together 疯拍传媒 S/4HANA Cloud, 疯拍传媒 CPQ, 疯拍传媒 Subscription Billing, and 疯拍传媒 Billing and Revenue Innovation Management to enable customers to accelerate monetization of their subscription business.

With 疯拍传媒’s quote-to-cash products, customers can transform to 鈥渆verything-as-a-service” with innovative revenue models, can quickly adapt to changes by offloading operational complexities, and can achieve accuracy and compliance with end-to-end automation.

In under 15 minutes, the sales team at is creating sales quotes for its complex boiler systems. The company has been using 疯拍传媒 CPQ since 2005 to help automate and scale its legacy quoting process, generating more than 20,000 quotes annually by 750 salespeople.

鈥淵ou basically give the salesperson one to two days of their week back by using 疯拍传媒 CPQ. When you give time back to salespeople, you are encouraging them to sell solutions to customers instead of just reacting to specifications,鈥� noted Dominic Kasten, director of Sales Technologies, Cleaver-Brooks.

, a manufacturer of equipment, software, and services that help companies transform 5G cloud-native and fiber-optic networks, reduced the time it took to approve customer discounts by 50% to less than 24 hours while the number of sales quotes created per month increased by 70%.

EXFO has created a new quote system with a 360-degree view of customers to slash response times, improve quote accuracy, and enhance customer experiences. It has also created a new revenue stream by combining products and services in a single quote.

鈥湻枧拇� CPQ underpins an intuitive system that helps sales teams produce speedy, accurate quotes, letting them concentrate on what matters most to customers,鈥� said Sheila Thibodeua, CRM Solutions and Digital Sales manager of EXFO.

Hear from other customers and learn more about how 疯拍传媒 helps to automate quote-to-cash with , , , and .

Eric Van Rossum is chief marketing and solutions officer for 疯拍传媒 Cloud ERP.

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.

At 疯拍传媒, our commitment extends beyond traditional financial planning and analysis (FP&A), reaching across the entire enterprise of financial professionals. To achieve a comprehensive FP&A transformation, organizations need effortless access to crucial finance data, regardless of its location. In a landscape where financial information is dispersed across various applications, files, and systems 鈥� both on premise and in the cloud 鈥� organizations often expend significant resources on extracting, rebuilding, and integrating their financial data to deliver forecasts and simulations.

By harnessing cutting-edge FP&A software tools and adopting strategic approaches, organizations can seamlessly explore, connect, integrate, govern, and orchestrate their planning and analysis. 疯拍传媒’s solutions for financial planning and analysis can provide a reliable foundation for finance information, delivering trustworthy, pertinent, and timely financial insights. This can streamline finance data, helping to maximize business information potential. Simultaneously, it can foster an analytics-driven approach to planning and decision-making. Our primary solution for financial planning and analysis is . This solution is part of (疯拍传媒 BTP).

Gartner evaluated 16 vendors and named 疯拍传媒 a Leader based on our 鈥渁bility to execute鈥� and 鈥渃ompleteness of vision.鈥� We believe this recognition serves as an acknowledgment of 疯拍传媒鈥檚 continued commitment to providing our customers with world-class financial planning software.

Future-Proof Your Organization with 疯拍传媒 Solutions for xP&A

Our focus on accelerating planning and analysis (xP&A) is achieved by integrating with 疯拍传媒 S/4HANA Cloud and other 疯拍传媒 applications. This integration helps enable swift planning cycles, providing live access to actuals and plans. Customers can use our solutions to help extend their planning and analysis across the enterprise to facilitate seamlessly connected financial, workforce, sales, and supply chain plans. By adopting this approach, 疯拍传媒 customers can react quickly to changes and increase decision-making agility and performance no matter what events unfold.听

A pivotal aspect of our approach involves harnessing the power of artificial intelligence (AI) and machine learning for everyday planning. With a single click, our users can activate predictive analytics, allowing for insights with greater ease and speed. The AI capabilities within 疯拍传媒 Analytics Cloud are helping organizations unlock the full potential of their data and derive greater value from analytics and planning. With these capabilities, planners can model a wide range of scenarios and generate more accurate forecasts and plans. 

We are committed to instilling unwavering confidence in plans by meticulously ensuring the trustworthiness of data. Leveraging the powerful combination of and 疯拍传媒 Analytics Cloud, we go beyond traditional boundaries to help harmonize planning data seamlessly across 疯拍传媒 and third-party sources, presenting natively integrated plans that can form a reliable foundation for strategic decision-making.

This approach has yielded tangible benefits for organizations such as and . These 疯拍传媒 Analytics Cloud customers have experienced firsthand the transformative impact of having their planning data seamlessly integrated, resulting in enhanced precision and efficacy in their planning and analysis endeavors. With our holistic approach, we help pave the way for you to navigate the complex landscape of financial planning with confidence, working to ensure your business decisions are backed by a foundation of accurate and planning-ready data.

Next Steps

疯拍传媒 is dedicated to advancing financial planning and analysis through our suite of financial planning software tools. Our commitment is reflected in the seamless transformation of financial data into actionable insights at scale for our customers. If you’re poised to unlock the full potential of your financial data and elevate your FP&A capabilities, explore the next steps with the resources provided:

• Visit our
• Try the free
• Read the full, complimentary report

Dan Yu is senior vice president of 疯拍传媒 Business Technology Platform.

Gartner, Magic Quadrant for Financial Planning Software, Regina Crowder, Matthew Mowrey, Vaughan Archer, 5 December 2023
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 & Advisory 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, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

Top image courtesy of 疯拍传媒 employee Laurentia-Iulia Pavel.

Enter , a game changer for the midmarket banking industry. Let’s dive into how this solution can help banks aiming to skyrocket their growth and redefine the future of banking.听

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Tailored for the Midmarket

疯拍传媒 S/4HANA Cloud can address the unique challenges and aspirations of midmarket banks. With a laser focus on pre-built functionality and best practices, the solution is designed to fit seamlessly into the specific requirements of midsized financial institutions, helping to ensure a match that caters to their distinct operational demands and strategic visions.听

Unleashing the Power of Simplicity

In the complex maze of banking operations, simplicity is the ultimate sophistication. 疯拍传媒 S/4HANA Cloud offers a user-friendly interface and streamlined processes that can simplify complex banking tasks, helping midmarket players to navigate with ease and efficiency. It’s about fostering a culture of simplicity that can amplify productivity and enhance the overall banking experience.听

Scalability Redefined

For midmarket banks aiming to scale their operations and expand their market presence, 疯拍传媒 S/4HANA Cloud can serve as the ultimate growth catalyst. With its robust scalability features, the solution can empower banks to seamlessly adapt to evolving market dynamics, embrace new opportunities, and catapult their business to new heights without the fear of outgrowing their technological backbone.听

Customer-Centric Innovation

In an era where the customer experience reigns supreme, 疯拍传媒 S/4HANA Cloud helps place the customer at the heart of every banking endeavor. From personalized banking services to real-time insights that can drive meaningful engagements, the solution can enable midmarket banks to create unforgettable customer journeys that can foster long-term relationships and trust, helping to set them apart in a competitive landscape.听

Security Fortified

In the age of digital threats and cyber vulnerabilities, the security of financial data is non-negotiable. 疯拍传媒 S/4HANA Cloud comes fortified with robust security features that can safeguard sensitive information, helping ensure data integrity and compliance with regulatory standards. It’s like having an impenetrable fortress protecting the valuable assets and trust of both the bank and its customers.听

Embracing Future-Ready Technology

疯拍传媒 S/4HANA Cloud is not just about meeting the current industry standards; it’s about setting the stage for future innovation and technological advancements. With a forward-thinking approach and integration of cutting-edge technologies like generative artificial intelligence (AI) and data analytics, the solution can empower midmarket banks to stay ahead of the curve and help pave the way for a future-ready banking landscape.听

In conclusion, 疯拍传媒 S/4HANA Cloud stands out as a quintessential choice for the midmarket banking industry, offering a blend of customization, simplicity, scalability, customer-centric innovation, robust security, and future-ready technology. By embracing the power of 疯拍传媒 S/4HANA Cloud, midmarket banks can embark on a transformative journey that can propel their growth, amplify their customer relationships, and set them on a trajectory of unprecedented success in the dynamic world of modern banking.听

To learn more, please visit: .

Falk Rieker is global head of IBU Banking at 疯拍传媒.

The reports offer a comprehensive overview of the access control tools market, focusing not only on 疯拍传媒-centric environments but also encompassing applications from multiple vendors. Emphasis is placed on environments involving 疯拍传媒 S/4HANA, 疯拍传媒 S/4HANA Cloud, and other 疯拍传媒 cloud applications as well as the imperative to support various line of business applications.

Analysts delve into market segments, vendors, product functionalities, relative market share, and innovative approaches to bolstering security in these business application environments. This includes measures such as access restriction, control of break-glass access, and related capabilities.

Key Factors Underscoring 疯拍传媒’s Access Governance Leadership

Comprehensive Solution Portfolio
tailored for diverse business application environments. This comprehensive portfolio can address a wide spectrum of functionalities, helping to provide organizations with versatile tools for diverse access management needs.

Scalability and Adaptability
Designed to seamlessly scale across different environments, 疯拍传媒’s access governance solutions can adapt to varying business requirements. This scalability helps ensure organizations can deploy and customize these tools to their unique business application landscapes.

Vendor-Neutral
疯拍传媒’s acknowledgment as a leader comes from KuppingerCole Leadership Compass reports, known for its vendor-neutral and comprehensive assessments. Recognition in these reports underscores 疯拍传媒’s leadership based on merit and performance rather than bias towards a specific vendor.

Effective Access Governance
疯拍传媒鈥檚 access governance solutions excel in providing robust access controls capabilities, including features such as role management, identity lifecycle management, and compliance reporting. This helps contribute to effective governance over user access within business application environments.

Interoperability across 疯拍传媒 Solution Environments
疯拍传媒’s access control tools demonstrate high interoperability within 疯拍传媒 solution environments. This seamless integration helps ensure organizations leveraging various 疯拍传媒 solutions can achieve a unified and consistent approach to access control.

Continuous Innovation and Adaptation
疯拍传媒’s commitment to innovation is evident in its access governance solutions. The leadership recognition by KuppingerCole suggests that 疯拍传媒 not only meets current industry standards but also continues to innovate, adapting its solutions to address emerging challenges and evolving security landscapes.

Proven Track Record

The dual recognition in KuppingerCole Leadership Compass reports emphasizes 疯拍传媒’s excellence in the access governance space, underpinned by a comprehensive solution portfolio, scalability, vendor-neutral assessment, effective access controls, interoperability, continuous innovation, and a proven track record in delivering value to businesses across various application environments.

疯拍传媒’s leadership position is likely reinforced by a history of supporting deliveries of successful access governance implementations, with positive outcomes for organizations using these solutions across various application environments. Demonstrated effectiveness and positive user experiences contribute to 疯拍传媒’s standing as a leader in this space.

Photo courtesy of 疯拍传媒 employee Nick Hull

Right now, cash is more important than ever. In a period of ever-rising costs and volatility, companies that efficiently manage liquidity are better prepared to weather financial storms that have become the new normal.

But if treasury is your business, you know managing cash flow is no small job. You鈥檙e charged with wrangling a complex web of information to understand your cash position, unlock working capital on the fly, plan future cash flows, and optimize the costs of banking. Multiply that challenge by any number of banks, accounts, and revenue centers, and the task is nearly overwhelming.

When Old Tools Fall Short

While managing cash with a firm hand is the goal of any company, too often their systems are not up to the job. Treasury leaders are forced to pull information from spreadsheets, disconnected platforms, and multiple banks in order to understand the cash position. As soon as a snapshot is compiled, the elements shift and the picture is inaccurate or incomplete. Even when the system is working, it鈥檚 too easy to get caught in a cycle of “compile, review, repeat,” forcing you to look backward instead of managing for the future.

That has consequences. Without a complete and connected view of liquidity, it isn’t possible to execute decisions smoothly up and down the value chain. That can lead to missed warning signs, delayed moves, and stifled growth.

Bringing It All Together

One approach in particular is improving this cashflow conundrum: cloud ERP. The right cloud ERP solution replaces reactive processes with a dynamic source of cash truth, turning information about working capital from across the organization into actionable insights. Suddenly, a real-time view of cash flow is available at your fingertips. You can be ready to make proactive decisions and seize financial opportunities you couldn鈥檛 act on in time 鈥� or that you simply couldn鈥檛 see 鈥� before.

Here鈥檚 the power of cloud ERP in practice.

1. See a single source of truth

The right cloud ERP solution closes the gaps created by fragmented account balances and manual payment processes. With a holistic view of your liquidity situation minute by minute 鈥� drawn from every part of your business 鈥� you can analyze, predict, process, and execute decisions smoothly. Instead of focusing on reconciling cash information, you are free to focus on actions that can improve your position. You are no longer chasing information, you鈥檙e actively managing it.

2. Activate your big picture

The right cloud ERP solution gets all the pieces working in tandem. Now cash management is embedded into the processes that affect working capital, like invoice-to-pay and invoice-to-cash processes. That means you see the impact on cash as these processes happen, not days or weeks later. And by actively managing cash in sync with receivables and payables, you can more easily take advantage of early payment discounts.

With the big picture at your fingertips, you can put new financial strategies in motion. Maybe that is tapping into third-party funding, or unlocking cash trapped in your receivables to improve your balance sheet. Whether you see an opportunity in your supply chain, inventory, accounts payable, or elsewhere, you can be ready to optimize your position based on the most up-to-date information.

3. Simplify your banking relationships

The right cloud ERP solution streamlines the many banks and accounts that support your business in one centralized view. You have access to real-time balance information and can manage all aspects of the relationship in one place, from opening and closing accounts to monitoring fees to signatory management.

As a result, manual processes associated with payments, order-to-cash applications, and order entry documents are fully automated, taking errors out of the equation. And with an integrated digital channel between your ERP system and all your banks, embedding EBICS and SWIFT connectivity is much simpler.

Cloud ERP at Work

Companies of all profiles are mapping their financial future on cloud ERP, including , a leading professional-services company with offices in 21 countries. Moving to 疯拍传媒 S/4HANA Cloud allowed the company to move from seven fragmented accounting solutions to a single global platform. By taking its financial function to the cloud, the company was able to make improvements to its working capital strategy that manual processes could not, like automating foreign currency hedging to avoid shocks to its liquidity as well as improving everything from staff utilization and customer profitability to overall performance.

Japan’s launched a global treasury transformation in 2018 based on 疯拍传媒 S/4HANA and trading platform integration. With the adoption of 疯拍传媒 solutions, Sony was able to minimize external financing needs and improve its visibility into cash management processes, regardless of location, which helped enormously during the pandemic when staff could access the platform from home.

Take the Next Step

Accurately capturing, analyzing, predicting, and processing cash flows across your business is mission critical. And the only way to get there is the cloud. What鈥檚 the next step? for finance leaders, then, download to learn how industry leaders are using cloud-enabled enterprise treasury and risk management applications to manage liquidity with a higher level of confidence.

Because your cash complexity can be conquered.

Ido Shamgar is senior director of Product Marketing at 疯拍传媒.

Finance leaders worldwide have witnessed dramatic changes in their operations over the last few years 鈥� ranging from unforeseen vulnerabilities and stricter regulations to wide swings in market volatility. In response to those experiences, most of them have intensified their focus on digitalizing their treasury and risk management practices to protect their company鈥檚 liquidity and cash management position.

The of software-as-a-service (SaaS) and cloud-enabled enterprise treasury and risk management applications vendors notes the rising interest in treasury and risk management solutions. According to the report, 鈥淭reasury management solutions are finding themselves in the spotlight. Common features of treasury management systems include liquidity and cash management, proving them invaluable to businesses struggling to maintain an accurate picture of their cash flow and current liquidity ratios.鈥�

But the IDC MarketScape also forewarns that 鈥渨hile these features are extremely useful, they can fall under scrutiny if not updated and streamlined according to the current needs of users.鈥�

Build Confidence with Continuous Innovation in the Cloud

Finance organizations have hundreds of to consider. However, according to the IDC MarketScape, the right investments circulate data originating from treasury operations across all finance areas and outside them to investors, lenders, government agencies, banking and financing partners, suppliers, and customers.

Cloud technologies 鈥� like those from the 疯拍传媒 solution portfolio 鈥� are proving to be real difference makers in achieving this goal for companies willing to adopt them.

The IDC MarketScape report recognized 疯拍传媒 as a Leader among SaaS and cloud-enabled enterprise . The report noted that companies should consider 疯拍传媒 鈥渋f you are looking for a well-established vendor with a platform with extensive integration and all-in-one capabilities.鈥�

疯拍传媒 solutions help deliver a unified platform for end-to-end business processes with a broad portfolio 鈥� which includes treasury management, enterprise resource planning (ERP), customer relationship management, supply chain management, and business intelligence 鈥� to manage cash, risk, and treasury-related transactions. And this ecosystem can be further integrated and extended through 疯拍传媒 Business Technology Platform (疯拍传媒 BTP) and supported by the 疯拍传媒 Analytics Cloud solution and 疯拍传媒 Business Network.

鈥淭he solution provides organizations with a centralized platform for managing their financial transactions and cash positions and helping optimize cash flow, reduce risk, and improve financial decision-making,鈥� the report states.

As a result, 疯拍传媒 customers worldwide are benefiting from two critical strengths when using our treasury and risk management technologies in either a public or private cloud environment:

• A single source of truth based on streamlined processes and enterprise-wide integration of transactional and master data
• Smoother access to cash-flow sources to help optimize working capital requirements and processes more effectively

For example, leverages these advantages to automate its treasury function and gain a real-time view of its cash management position across 27 countries. This approach allows the airline to use straight-through processing, upload bank statements automatically, and eliminate the need for manual intervention.

Now that 85% of the transactions in its main general operating account are automated, JetBlue no longer needs to access individual banking portals to oversee cash management. Instead, it has a central repository of all bank account details.

Transform the Treasury to Drive Financial Resilience

As finance leaders face an ever-evolving landscape of vulnerabilities, regulatory tightening, and market volatility, the urgency to digitalize treasury and risk management practices will continue to grow. And as evidenced in the 2023 IDC MarketScape report, this growing interest emphasizes the value placed on liquidity and cash management for cash-flow accuracy.

By providing a unified platform, we believe finance organizations have the end-to-end processes and real-time insights they need to optimize cash flow, reduce risk, and enhance decision-making.

To learn more, download a complimentary excerpt of the .

Ido Shamgar is senior director of Cloud ERP Product Marketing at 疯拍传媒.

What may sound complicated to outsiders is being celebrated by finance ministers worldwide as a milestone in achieving fair taxation, as the new global taxation rules are expected to dramatically change the international tax landscape and increase the fairness of tax systems.

The majority of countries can look forward to higher tax revenues. It is estimated that, worldwide, between US$100 billion and $240 billion every year is lost in tax revenue as a result of 鈥� until now 鈥� legal tax avoidance techniques such as base erosion and profit shifting. However, for the companies affected by BEPS 2.0 and for tax experts, this new set of rules brings with it a lot of work.

Reducing Tax Avoidance and Tackling Tax Havens

BEPS 2.0 aims to ensure that large multinational enterprises and, in the EU, large-scale purely domestic groups operating in a single market pay a minimum effective corporate tax rate. The project is being driven jointly by the Organization for Economic Cooperation and Development (OECD) and the G20 countries; 141 states were involved in the discussions and the rules were negotiated over several years.

BEPS 2.0 consists of two pillars. Pillar one covers a new system of allocating tax rights over multinationals. In line with the rules, these rights will be reassigned from the country in which the company is located to market jurisdictions where profits are earned without the company being physically present there.

Fifteen Percent Minimum Tax Rate Worldwide

Pillar two introduces a minimum tax rate of 15% for large multinational groups with global revenues of more than 鈧�750 million. Any companies that do not comply with these rules risk facing sanctions. It is this second pillar in particular that requires companies to make numerous adjustments.

鈥淭he new rules mean that we as 疯拍传媒 have to decide how we can leverage our solutions to help companies gather all the necessary data,鈥� says Irina Sheftelevich, senior customer advisor of Performance Management, Sustainability, Planning, and Analytics at 疯拍传媒. 鈥淥ur software enables our customers to conform to the complex set of regulations and implement them in a transparent manner.鈥�

Collecting the Right Data

奥颈迟丑听, 疯拍传媒 offers an application companies can use for multiple use cases such as allocating costs and revenues, calculating transfer prices, and calculating current and deferred income tax, also under the new regulation of BEPS 2.0 Pillar 2. The application collects data and information models from other 疯拍传媒 and third-party solutions and compiles it in a data model that helps ensure compliant tax accounting and tax management. Fully integrated with 疯拍传媒 S/4HANA, the application can be deployed both in the cloud and on premise. In the application, tax experts can adjust the logic by configuration, harmonizing the E2E process across multiple countries and tax jurisdictions, even after go-live, enabling an optimized tax structure.

疯拍传媒 Profitability and Performance Management can connect in real time with the relevant data sources such as 疯拍传媒 S/4HANA, 疯拍传媒 Business Warehouse, or . Likewise, it can also connect to systems for employee data, tax data, and other financial data. Once the data has been integrated, the focus is on modeling and creating tax calculations and simulations: What if we have losses instead of profits? Which impact has adjusted transfer prices to our effective tax rate? How can we keep our tax burden to a minimum while complying with the new rules on the minimum tax rate?

鈥淚n implementing BEPS 2.0 we must use our solutions to identify and integrate the right data, put the new rules into practice, and ultimately create the necessary reports end to end. It鈥檚 a complex process that can only be modeled and managed in an intelligent way with the help of technology such as 疯拍传媒 Profitability and Performance Management,鈥� says Sheftelevich.

Data Requirements for the Global Minimum Tax

Some of the data required for the global minimum tax calculations might have to be calculated specifically for this purpose, according to a . 鈥淗ere, financial and non-financial, structured and non-structured, and transactional and aggregated data is needed,鈥� says Sheftelevich. 鈥淭he hardest part is understanding which data the customer needs and where exactly in their systems it is stored.鈥� It鈥檚 about combining 鈥渂usiness knowledge, technology, and internal efficiency.鈥�

With 2024 fast approaching, not much time is left to achieve this, even if many are speculating that the timeline may be extended. No one should count on such a delay, says Sheftelevich. 鈥淥ur customers and partners are under considerable time pressure. Transitional safe harbor rules haven鈥檛 changed that.鈥�

Complexity Requires Quick Action

What鈥檚 more, countries can adapt certain rules to suit their circumstances. 鈥淭he complexity, data, and time pressure involved make this a huge challenge. A great deal of flexibility will be needed for potential adjustments. Not all the rules have been published yet, and some aspects still need clarification,鈥� adds Sheftelevich.

As the driving force behind the project, the OECD has issued examples that apply to all countries. 鈥淭hat鈥檚 why we are providing a solution that on the one hand takes into account all the basic rules and that on the other hand is agile enough to deal with changes and the specific requirements of individual companies and countries,鈥� says Sheftelevich. The rules on the minimum tax are part of pillar two. Whether there will be further pillars is yet to be seen.

Teaming Up with Tax Advisors and 疯拍传媒 Partners

疯拍传媒 is discussing all the necessary requirements to meet the new rules with its customers, and in doing so has enlisted the help of the world鈥檚 top four accounting firms. Teams from 疯拍传媒 are working with national and international tax offices, tax accountants, and tax technology consultants to help companies understand the complex new rules and assess the possible effects.

To make sure everything is completed in time, the programs and content packages that have been optimized for BEPS 2.0 are being rolled out worldwide in collaboration with 疯拍传媒 partners. And consultants are working with these partners to develop a plan so that the affected companies are ready when the rules take effect.

鈥淐ompanies must act now to ensure they are ready for 2024,鈥� advises Sheftelevich. 鈥淐ustomers are extremely interested. Whenever we organize information events on BEPS 2.0, they always get booked up very quickly.鈥�

Thomas Boerner is product owner of 疯拍传媒 Profitability and Performance Management.

The immediate outcomes of cloud-based services are obvious. Manufacturers gain continuous monetization from a steady stream of revenue, while their customers have new payment flexibilities to better control cash flow. However, as-a-service business models are not just a different way of doing business. They are also a relationship-building lever between manufacturers and customers 鈥� whether consumers or businesses. Two market leaders in the manufacturing industry shared their service-based strategies during a session held at this year鈥檚 that was hosted by Heidi Zhao, director of Global Billing and Revenue Solution Management at 疯拍传媒.

Service-Based Innovation at Align Technology Is Reason to Smile

Global medical device company manufactures Invisalign clear aligners and 3D digital scanners that improve the smiles of millions of people each year. A longtime pioneer in advanced orthodontics, Align is constantly innovating to serve doctors in over 120 markets worldwide. The company is on a digitalization journey with 疯拍传媒 that will support monetization from as-a-service offerings for orthodontics care professionals and their patients.

鈥淲e selected to help evolve our monetization models providing outcome-based services to our customers,鈥� said Mary Kumar, senior vice president of Enterprise Engineering at Align Technology. 鈥淐ustomers will gain the ease of subscription-based options on a consumption or on-demand service model. In addition, having the ability to meet the country-specific needs of orthodontists and dentists in our global markets is super important.鈥�

Align is undergoing the same business transformation as every traditional high technology company, exploring as-a-service choices such as leasing scanners to orthodontists and subscription-based packages that combine aligners and treatment planning.

鈥淐ustomers don鈥檛 always want to pay larger amounts up front to purchase our scanners or diagnostic orthodontic software. They want to modernize their practice using our advanced technology, but with manageable monthly payments,鈥� said Kumar. 鈥淭hese market demands are driving pay-as-you-go and subscription-based models with our customers who prefer to pay as they scan instead of paying for the scanner itself. Similarly, we produce four million aligners each day with automatic treatment planning. They may want to purchase a set number of aligners and mix and match treatment.鈥�

疯拍传媒 Is Central to 尝别苍辞惫辞鈥檚 As-a-Service Transformation

Services are an important part of vision to provide smarter technology for all through personal computers, smartphones, televisions, and wearable devices. As the world鈥檚 top PC manufacturer, providing the building blocks of modern IT, the US$70 billion company transformed itself two years ago to bring service-based solutions to meet customers where they are.

鈥淐onsumers and businesses want more flexibility in how they consume our products,鈥� said Arthur Hu, senior vice president and CIO at Lenovo. 鈥淚n the process of taking our portfolio and offering it as a service, 疯拍传媒 Billing and Revenue Innovation Management helped us evolve to a pay-as-you-go service model, providing the technology capabilities that underpin our business model transformation.鈥�

Historically, Lenovo has sold hardware devices like laptops, phones, and tablets on a one-time basis. Now customers want to reduce the overhead surrounding the purchase and maintenance of 尝别苍辞惫辞鈥檚 computing and edge devices and networking and storage solutions.

鈥淗aving an understanding of what your customers and their customers are doing drives innovation. Building a new business model is about exploring ideas, using technology to iterate quickly with insights from integrated data,鈥� said Hu. 鈥淐ustomers are interested in a more managed service model for our devices across hundreds of countries and tens of thousands of seats. They want a secure computer experience for end users. Infrastructure-as-a-service is also on the rise. We can support everything-as-a-service, providing customers with different ways to consume our solutions, helping them be more nimble by reducing capital expenditures.鈥�

Getting closer to customers may well be among the most positive unintended consequences of as-a-service business models. Manufacturers know precisely how customers are using their products and can continuously innovate services to better serve them, opening up greater revenue streams and delivering stronger experiences.

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Strong, Cross-Industry Cloud ERP Capabilities

疯拍传媒鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. 疯拍传媒 offers customers a comprehensive end-to-end suite of applications and services across 25 industries globally. These help facilitate effective data processing and information flow across organizations, providing deep business insight, process efficiencies, and fostering collaboration.

We are redefining enterprise resource planning (ERP), creating networks of intelligent enterprises that provide transparency, resiliency, and sustainability across supply chains.

With 疯拍传媒 S/4HANA, we use the power of in-memory computing to process vast amounts of data and support advanced technologies, such as artificial intelligence (AI), machine learning, the Internet of Things (IoT), and advanced analytics.

鈥淐hartis recognizes 疯拍传媒鈥檚 strong ERP capabilities across the board,鈥� said Sid Dash, chief researcher at Chartis. 鈥淚ts strengths, particularly in sectors such as energy and commodities, are crucial to the firm鈥檚 overall RiskTech100 performance.鈥�

Market-Leading, Future-Critical GRC Capabilities

疯拍传媒 governance, risk management, and compliance (GRC) solutions received special recognition from Chartis.

In recent years, GRC as a topic has transformed into an enterprise-wide, comprehensive, and fully integrated discipline, connecting all organizational risk and compliance functions. It involves a vast, continuously expanding ecosystem encompassing controls, operational resilience, IT risk management, asset management, and physical operational activities. Its impact on operational resilience and business continuity is far deeper than in the past.

鈥淏eing recognized as a leader by Chartis Research for our comprehensive and integrated GRC solutions is a testament to 疯拍传媒’s commitment to transforming risk and compliance functions for intelligent, sustainable enterprises,鈥� said Jan Gilg, president and chief product officer for Cloud ERP at 疯拍传媒. 鈥淥ur cloud ERP solutions empower organizations to embed GRC into their operations and digital transformation, enabling continuous monitoring, predictive insights, and resilient business continuity.听We are redefining the future of risk management.鈥�

疯拍传媒 GRC solutions can simplify risk management by providing guidance for financial, vendor, and operational risks. With automation, real-time visibility, and predictive analytics, the solutions can help businesses monitor risks, identities, cyber threats, and compliance more efficiently. This enables companies to gain early insights into anomalies and potential risks, informing their operational and planning decisions.

鈥淲ithin GRC, many of the areas that 疯拍传媒 focuses on are major areas for concern for both financial and non-financial institutions,鈥� said Dash. 鈥淪pecifically, in the non-financial sector, risk areas such as third parties, supply chain, IT, cyber, infrastructure, and asset management have grown significantly in importance.鈥�

鈥淔irms in all industries have very significant concerns and challenges around the ways their physical infrastructure interacts with the increasingly digitalized environment in which they operate. This is not just in relation to cyber risk but also in terms of their wider operational resiliency and infrastructure management,鈥� he continued. 鈥淐ompanies need to be fully aware of how and at what points their digital infrastructure interweaves with their physical infrastructure. Chartis believes that 疯拍传媒 is a leader in the market in these respects, and, in some ways, the rest of the industry is playing catch-up.鈥�

鈥淲e also recognize that the other areas where 疯拍传媒 provides significant support, such as providing risk systems upstream with enterprise and inventory views, are central to organizational requirements. Chartis feels that in this increasingly interwoven physical and digital world, 疯拍传媒鈥檚 ability to capture the entire organizational profile for many different types of companies will be a central capability in building GRC and risk solutions going forward,鈥� concluded Dash.

That is what we solve at 疯拍传媒 with our unique approach to AI.

Built-In, Relevant, Responsible Business AI

At 疯拍传媒, we deliver AI that is available from day one, as it is already built into the 疯拍传媒 applications that power the most critical business processes. It works for an entire business because it is developed using extensive industry-specific data and deep process knowledge. Organizations can use it with confidence, as it is created using responsible AI practices. In essence, 疯拍传媒 AI is AI built for business.

Today at 疯拍传媒 Sapphire, we are announcing 15 new business AI capabilities, many powered by generative AI. We have also expanded our partnership with Microsoft on generative AI.

Let鈥檚 have a closer look at a few of these new capabilities.

Strengthening Human Capital Management

A company鈥檚 greatest asset is its workforce. Our focus for human capital management (HCM) is to use AI to help organizations attract, retain, and skill their employees. New generative AI capabilities in 疯拍传媒 SuccessFactors Recruiting enable hiring managers to create compelling and accurate job descriptions that capture the desired skills and attributes of each role. Integration with Microsoft 365 Copilot in Word allows them to fine-tune further and then seamlessly publish back in 疯拍传媒 SuccessFactors software. Generative AI capabilities in the 疯拍传媒 SuccessFactors solution also generates interview questions tailored to specific job descriptions and candidates鈥� resumes, helping ensure inclusive language. The combined effect of these business AI capabilities saves hiring managers precious time and improves interview quality, maximizing the effectiveness of the hiring process.

We are also announcing talent intelligence hub in 疯拍传媒 SuccessFactors software, which leverages people鈥檚 skills, competencies, capabilities, interests, work styles, and learning preferences to formulate recommendations that help employees develop and grow. These recommendations inspire, guide, and support employees by suggesting learning choices, roles, mentoring programs, and peer connections. Organizations also gain a better understanding of skill sets in their workforce to improve internal mobility, retention, and workforce agility.

Both of these business AI scenarios are planned for availability this year.

Growing Supply Chain Resilience

In supply chain, we are using AI to help predict, prepare, and respond to rapidly evolving demands. New generative AI capabilities in 疯拍传媒 Transportation Management enable automotive and manufacturing companies to automatically process the tens of thousands of delivery notes they receive daily in different formats. The automation avoids data entry errors and works out of the box without requiring curated training data.

Additionally, in 疯拍传媒 Extended Warehouse Management, we are introducing an intelligent slotting capability that uses AI to suggest how to optimize warehouse organization, stocking, and replenishment based on a product鈥檚 characteristics, demand, or forecasts. This capability helps maximize warehouse space and increase the efficiency of warehouse management.

Users can take advantage of the intelligent slotting capability today; intelligent goods receipt is planned for availability later this year.

Increasing Efficiency and Compliance in Procurement

In procurement, we are using AI to help users contain costs and increase compliance across different markets. The new intelligent invoice conversion capability in 疯拍传媒 Business Network makes it easier for procurement teams to onboard new suppliers by automatically extracting and processing relevant information from supplier invoices. A close feedback loop improves the mapping accuracy over time, further expediting invoice processing and accuracy.

We are also using AI to enhance the employee purchase experience with personalized recommendations in 疯拍传媒 Ariba Buying. The guided buying capability uses data, such as employees鈥� roles, to suggest products and services chosen by peers and other pertinent products from the company catalog to improve the buying experience and curb maverick spend.

The guided buying capability in 疯拍传媒 Ariba Buying is available today; the intelligent invoice conversion on 疯拍传媒 Business Network is planned for availability later this year.

Reducing Risks and Controlling Costs in Finance

In finance, we are using AI to transform all finance operations with insights, recommendations, and automation. The new intelligent collections in 疯拍传媒 S/4HANA helps collection specialists forecast the risk of a late payment on an invoice and better prioritize which customers require follow up. This not only streamlines an extremely time-consuming task, but also simplifies risk management and makes it easier for corporate treasury to manage liquidity and capital levels.

Intelligent collections in 疯拍传媒 S/4HANA is available today.

Improving Employee & Customer Experience 听

疯拍传媒 Digital Assistant provides a unified natural language interface for 疯拍传媒 solutions. We are adding new generative AI capabilities to provide users with tailored assistance based on their context, helping new and experienced users be more productive with the tasks at hand.

疯拍传媒 Digital Assistant is also expanding its capabilities to provide users with proactive and contextual assistance inside their applications, starting with 疯拍传媒 Customer Experience solutions. With the new 疯拍传媒 Digital Assistant for customer experience, sellers and support teams can easily get holistic insights, create recommendations, and automatically generate content to personalize customer experiences.

Both these capabilities are planned for availability later this year.

Increasing Agility and Foresight Across your Business

We have covered just a few of the many business AI capabilities we are announcing at 疯拍传媒PHIRE. The figure below summarizes all of them — including the ones that bring value to several business functions, such as generative AI scenarios in 疯拍传媒 Analytics Cloud and 疯拍传媒 Signavio Process Manager.

New AI Capabilities

Delivering AI with Trust and Transparency

Responsible AI has been integral to our AI strategy since its inception. We follow a holistic approach to delivering AI that puts humans at the center of our products and processes. To do so, we have established an ethics policy and compliance processes to put responsible AI into practice. The AI in our applications is transparent, so we can understand how it makes inferences and builds recommendations. It respects the privacy of sensitive data and helps users avoid bias in your decisions. Altogether, we ensure you remain in control.

Learn more about these announcements and how 疯拍传媒 AI is built for business:

Bharat Sandhu is senior vice president of Application Development and AI at 疯拍传媒.

According to , some businesses have improved their ability to connect finance and accounting processes and standardize critical financial workflows with finance software. Increasing automation with applications, such as the , can provide a foundation for consistent communication, data accuracy, auditable completeness, and efficiency throughout the financial close.

IDC’s methodology for determining business value revealed that these companies realized significant advantages, with three critical benefits generating, on average, 474% ROI and an eight-month payback rate.

Boost Efficiency Through Automation and Visibility

Performing account reconciliation in Excel and e-mailing that information to stakeholders is time-consuming and prevents full visibility into the entire company’s reconciliations. Even worse is the potential for delayed, incomplete, or noncompliant reconciliations with business and regulatory policies.

Introducing automation into the account substantiation process can dramatically reduce the manual effort in validation and reporting, freeing up financial staff resources to focus on higher-value tasking. In IDC’s survey, respondents suggested that 疯拍传媒 Account Substantiation and Automation supports their automation of critical steps, including account reconciliation (100%), task management (83%), journal entry (67%), transaction matching (50%), and variance analysis (50%).

After adoption, the average team efficiency increased by 12%. Surveyed companies completed reconciliation activities 18% faster and journal entries 11% faster while increasing the percentage of financial reports yielding accurate results by 3%. Such outcomes mean that the time typically allocated to one full-time employee can be freed up to work on other projects 鈥� translating into an annual productivity-based business value of US$78,800 for each organization participating in the study.

Accelerate Processing with Data Accuracy

Inaccurate data and a lack of trust can become significant bottlenecks in the validation and reporting process. They can hamper overall financial close efficiency, riddle cash validation and reporting with errors, and slow the flow of business-critical insight needed to make critical decisions quickly.

Participating CFOs shared with IDC that the modern capabilities of 疯拍传媒 Account Substantiation and Automation minimize those risks. They have achieved improvements, such as shorter time to close and enhanced process transparency. Furthermore, analytics tools help pinpoint areas in account substantiation and reconciliation that require greater attention and improvement.

In return, this benefit elevates the status of finance organizations from a cost center to a value center. For example, CFOs and CIOs can collaborate more to support the business as digital transformation accelerates and digital-first business models emerge and proliferate. This partnership also shifts the criteria used to invest in new financial applications toward a greater focus on security, modern infrastructure, functionality, and ease of use.

Drive Stability by Integrating Workflows

Equal to efficiency and speed, gaining and maintaining control of the validation and reporting process is also critical. The ability to standardize and centralize activities and relevant data is desirable for business environments facing anything from industry uncertainty and economic turbulence to high growth.

Companies interviewed by IDC indicated that using a single, integrated application for account reconciliation, task management, journal entry, transaction matching, and variance analysis is the key to accomplishing this goal. Centralizing all those tasks in 疯拍传媒 Account Substantiation and Automation enables them to manage the whole financial close and help ensure annual audits are performed faster, compliantly, and more confidently.

Additionally, the messiness of the traditional financial close experience is replaced with increased stability because 95% of their account reconciliation happens in 疯拍传媒 Account Substantiation and Automation. This approach helps ensure every person involved in financial close and auditing processes feels more engaged and knows what needs to be done next. But more importantly, everyone understands how their role adds value to the business.

Optimize Confidence with Better Control

Based on IDC’s research, the complexities of today’s financial close process are reaching a point where manual work is an impediment. Instead, a cloud environment is needed to support the automation of repetitive, low-value tasks and enterprise-wide data exchange and collaboration.

For that reason, many finance organizations worldwide rely on 疯拍传媒 Account Substantiation and Automation by BlackLine. As a result, they can adjust the speed and scale of their financial close processes to meet not only their business needs but also the expectations of industry and regulatory auditors.

Explore the value and benefits your accounting- and finance-related activities can gain from the 疯拍传媒 Account Substantiation and Automation application by BlackLine. .

Bil Khan is a senior director of Global Partner Marketing at 疯拍传媒.

.

疯拍传媒 CPQ enables organizations 鈥� however complex, across channels, and whichever customer relationship management听 (CRM) they run 鈥� to produce quick and accurate quotes, accommodating the most advanced configuration and pricing requirements, resulting in a better sales experience and faster sales cycles.

According to the Gartner Magic Quadrant, providers that qualify as Leaders 鈥渉ave the ability to execute their vision through products, services and demonstrably solid business results in the form of revenue and earnings. Leaders have significant successful customer deployments in a wide variety of industries and with multiple proofs of deployments for more than 500 users. They achieve consistently above-average customer experience satisfaction scores. They are often the vendors against which other providers measure themselves.鈥�

疯拍传媒 CPQ is an essential component of our portfolio of products that automate the quote-to-cash process, which enables organizations to convert sales opportunities into paying, profitable, and repeat customers. Leveraging a modular cloud approach, 疯拍传媒 brings together 疯拍传媒 S/4HANA Cloud, 疯拍传媒 CPQ, 疯拍传媒 Billing and Revenue Innovation Management, and 疯拍传媒 Business Technology Platform (疯拍传媒 BTP) to create an end-to-end quote-to-cash process and enable organizations to accelerate monetization of their subscription business.

With quote-to-cash products from 疯拍传媒, customers can transform to 鈥渆verything-as-a-service” with innovative revenue models, quickly adapt to changes by offloading operational complexities, and achieve accuracy and compliance with end-to-end automation.

ServiceNow, a provider of software as a service to help companies manage digital workflows for enterprise operations, is one customer that is , as the company scales for the future and seeks to grow to a $10-$15 billion company.

As part of the initiative, ServiceNow selected 疯拍传媒 CPQ to support faster sales deal velocity, offer guided selling to drive ACV growth and improved price realization, and increase customer renewals and future purchases. In addition to 疯拍传媒 CPQ, ServiceNow is using 疯拍传媒 Entitlement Management, part of 疯拍传媒 Billing and Revenue Innovation Management, to keep track of and manage all the subscriptions and services each of its customers owns and is entitled to use.

With these two 疯拍传媒 products, ServiceNow is setting its sales teams up for success with more effective renewals, cross-sell, and up-sell opportunities. The teams go into every customer situation knowing exactly what the customers own and how likely they are to renew or buy other products, providing a smoother customer experience. Additionally, ServiceNow has seen a reduction in costs related to things like customer over-entitlement, data management, and renewal process preparation. .

Hear from other customers and learn more about how 疯拍传媒 helps to automate quote-to-cash with , , , and .

Eric van Rossum is chief marketing and solutions officer for Cloud ERP at 疯拍传媒.

Breakthroughs happen less often than most people are inclined to believe. Instead, I often find that most innovations are incremental in nature. Admittedly, a slow-building approach doesn’t grab the spotlight like more daring alternatives do. Still, it’s no less important 鈥� driving countless small improvements that add up to massive transformations and huge gains down the line.

One prime example of incremental innovation鈥檚 impact is the continuous development of mobile devices. The first handheld cellular phone launched nearly 40 years ago. Since then, each new release introduced different sizes 鈥� some smaller and some larger 鈥� and functionalities such as texting, Internet access, context-driven command, touch screens, tracking and tracing, and many more capabilities now considered standard. In essence, mobile device providers allow themselves to experiment with new ideas while generating revenue that is then reinvested into making the product鈥檚 design and purpose more impactful and game-changing in the near future.

Ideas Are Only the Beginning

Ideas are only the start of an innovation journey, no matter how new, novel, or useful. It takes creativity and domain expertise to bring them to life and evolve them gradually by applying the latest lessons learned and scaling capabilities or user experiences to deliver more meaningful value.

As part of 疯拍传媒鈥檚 鈥渞einvent鈥� strategy, my team of customer innovation and maintenance experts from within the Customer Solution Support & Innovation organization at 疯拍传媒 focuses on turning ideas into valuable solutions for critical challenges. Working with various industries, including agriculture and life sciences, allows us to innovate and deliver sustainable solutions that accelerate business success 鈥� from idea inception and proof of concept to implementation and maintenance.

Customer Solution Support & Innovation offers tremendous industry expertise that can enrich our customers’ growth areas, drive continuous innovation, and deliver prototypes faster to support their transformation into intelligent enterprises. And from our experience, innovations best realize their full value when scaled to add value while they are maintained and developed further to help the world run better and improve people’s lives.

Outcomes Are the Heart of Good Innovation

Our contributions in helping to overcome the impacts of the global COVID-19 pandemic were one of those moments where we revealed the true value of incremental innovation. Developing innovations in partnership under unprecedented conditions, we designed and rolled out numerous digital solutions more quickly and securely for millions of people.

A prime example is the . In only two months development time, we innovated a digital gateway with T-Systems that provides a standard for valid vaccine certification across the European Union and currently supports 600 million users. By removing the risk of falsified documentation, the introduction of this digital certificate represents an important step toward normalizing the freedom of movement within the eurozone and, as a result, stimulating the economy.

In addition, our team worked with Deutsche Telekom AG and Germany’s Federal Ministry of Health to develop the Corona-Warn-App to help identify infections quickly and notify people of their potential exposure. The mobile app, available for iOS and Android, was developed in open-source mode, and the program code was continuously visible to the public on the development platform 鈥� all without violating data privacy rights.

While the pandemic marked a significant era of innovation for businesses worldwide, our team has produced innovations important for business security. For instance, our work in detecting and preventing security breaches from cyberattacks plays a vital role in many of our customers’ IT infrastructure. Our experts combine the application 鈥� a leading threat detection software 鈥� with 24/7 managed security services. The application is continuously upgraded to help detect cyberattacks in on-premise and cloud solutions from 疯拍传媒 as they are happening and analyze the threats quickly enough to neutralize them before severe damage occurs.

More recently, we innovated with climate-focused technology company CHOOOSE to deliver a climate app. As one of the first solution extensions developed with existing capabilities available in and 疯拍传媒 Concur solutions, helps neutralize carbon emissions through high-quality compensation projects. As a result, our customers can acquire accurate data from their business flights and discover high-impact ways to offset their carbon footprint 鈥� all in one place.

We are also working on a prototype 鈥� 鈥� that marks the first step toward embracing virtual reality for running business. With the sustainability-focused concept, our experts are experimenting with collaboration with targeted data sharing between competing companies and integrating the virtual environment with open ecosystems such as . In addition, a decentralized peer-to-peer network based on 疯拍传媒 Business Technology Platform is being created without requiring central persistence.

Innovation That Delivers High Impact

Most companies make the mistake of looking too narrowly at the overall context of their innovation initiative. At Customer Solution Support & Innovation, we are constantly evaluating the 疯拍传媒 solution portfolio to find opportunities to adapt and add functionalities that can increase value in ways that can be quickly applied and scaled to meet our customers’ current and future needs.

Embracing the concept of incremental innovation has empowered us to shape a culture that is full of purpose, ingenuity, and discovery. So instead of dedicating all our resources to years-long projects with uncertain outcomes, 疯拍传媒 is committed to driving innovation close to our customers’ everyday environmental, social, and governance challenges 鈥� and we will continue to do so in the years to come.

Andreas Heckmann is executive vice president of Product Engineering and head of Customer Solution Support and Innovation at 疯拍传媒. Follow him on and .

Seeking answers, this media company looked to with the for a single, pre-integrated solution with the business scalability to support growth for the company鈥檚 new and existing streaming services.

After an impressive project launch and only seven months to market 鈥� aided by the tremendous flexibility, rich out-of-the-box functionality, and configuration-driven deployment of 疯拍传媒 Billing and Revenue Innovation Management and 疯拍传媒 Convergent Mediation by DigitalRoute 鈥� this company was reaping a host of benefits, starting with automated revenue management via eliminating ad hoc tools and manual processes, improved back-end revenue management, and faster financial reporting. Benefits also included auditability and traceability across the organization and elimination of revenue loss and incorrect reporting, all while improving overall margins. Finally, the company emerged with a greatly increased ability to expand across different regions and global financial institutions.

While this media company鈥檚 scale is impressive, the challenges it faced and the opportunities it seized are not unique. In this digital era, data volume is increasing exponentially and organizations of every size and stripe are adapting to the new reality.

Businesses that shift from a product to a subscription model and from indirect to direct sales will encounter a dramatic increase in the number of consumer transactions they must track 鈥� from the thousands into the hundreds of millions, even billions, of transactions. In addition to producing incredible data volume, these transactions can occur on multiple commerce platforms, requiring that data from various sources be integrated into one accounting system.

All businesses face increasingly complex billing and mediation requirements, and there are myriad solutions available. But as businesses grow, they can end up with a complex, unwieldy ecosystem of billing and mediation software that leads to its own set of challenges, from the inability of legacy platforms to keep pace with usage data growth to labor-intensive, error-prone manual processes to the technical limitations inherent in disparate systems.

疯拍传媒 Billing and Revenue Innovation Management, in conjunction with 疯拍传媒 Convergent Mediation by DigitalRoute, helps eliminate the inefficiencies inherent in sprawling, fragmented commerce, sales, and billing landscapes and helps ensure streamlined, agile, error-free billing and revenue management.

疯拍传媒 Billing and Revenue Innovation Management is a comprehensive, modular solution for the high-volume consumption businesses typical in the media and entertainment space. Designed to optimize the business life cycle processes of design, sales, delivery, and billing, 疯拍传媒 Billing and Revenue Innovation Management enables various flexible consumption models and uses highly automated and optimized processes to help tackle huge volumes of data with limited manual intervention while maintaining full financial transparency.

First developed for the telecommunications industry, where complex data management and demanding performance capabilities are a must, 疯拍传媒 Billing and Revenue Innovation Management now helps diverse organizations all over the world, including many of the major media streaming companies, to monetize their digital journeys as they create innovative new offerings, seamlessly blending the content acquired and created with subscription and usage-based services.

疯拍传媒 Convergent Mediation by DigitalRoute collects data from any stream or source and can provide unified control and visibility of revenue stream processes across an enterprise. Together with 疯拍传媒 Billing and Revenue Innovation Management, it can enable 疯拍传媒 customers to:

• Process large volumes of raw data quickly and accurately, eliminating cumbersome manual processes and errors
• Bring multiple data sources together to simplify, secure, and automate data processing for billing and revenue management.

Automated, secure, accurate billing processes are a must for today鈥檚 media companies. Learn more about how and can help your organization thrive in today鈥檚 landscape and be ready to grow into whatever tomorrow brings.

Richard Whittington is global head of Media at 疯拍传媒.

This fall, as part of its newest software update, Apple will allow users to make those annoying passwords a thing of the past on apps and online accounts. Microsoft, Google, and about 250 other companies are also seeking to replace passwords with password-less technologies.

Passkeys operate as pairs, and each passkey, when generated, is unique. One key sits on the service provider鈥檚 server. The other on the user鈥檚 device. In the case of Apple, the two keys are connected by Apple on the backend, and the user authenticates this with FaceID or TouchID.

疯拍传媒鈥檚 Take

Businesses are keeping close tabs on the progress of these password-less technologies. Password-less authentication would make many business processes easier to use and more seamless, and many companies have announced their commitment to accelerate availability of password-less sign-ins. Gartner predicts鈥痶hat 60% of large and global enterprises will implement password-less methods in more than 50% of use cases.

鈥淎ny industry that handles personal and sensitive information, including banking, healthcare, technology鈥� any organization that wants to keep data away from the hands of threat actors would benefit,鈥� 疯拍传媒 Chief Trust Officer Elena Kvochko said.

鈥淏usinesses that are not working to implement this type of authentication in the future might be limited by cost, effort, and end-user skepticism,鈥� the cybersecurity expert said. 鈥淧asswords have been the first line of defense for a long time, which makes it more difficult to introduce a new type of authentication.鈥�

Two of the most prevalent cyberattacks are phishing, which accounts for about a third of breaches, and brute force attacks, which rely on passwords to access a network or application. Password-less authentication removes the burden of users having to create complex, difficult passwords, remembering them, or storing them in a safe place.

The technology could also help deter more serious attacks and prevent insidious outcomes if it鈥檚 used in conjunction with other security technologies and controls.

鈥淚f it is used with multiple factors of authentication, there is a strong possibility that it can deter both ransomware and identity theft,鈥� Kvochko said. 鈥淧assword theft has historically been used in ransomware to gain access into a network. By removing the need for passwords, it will be more challenging for threat actors to access your data and network.鈥�

Password-less authentication is nothing new. Biometrics, one-time codes, and magic links have been used for years in different spaces, industries, and platforms.

鈥淭he difference now is that password-less authentication will become the standard rather than an advanced option,鈥� Kvochko said. 鈥淲ith major tech companies like Apple, Google, and Microsoft championing the effort to make this type of authentication more available in their devices, software, and applications, I believe we鈥檒l see it everywhere very soon.鈥�

Passkeys will help make our information safer, but it is not a silver bullet, Kvochko warned. Voice recordings or other biometric features used in passkey technology have been replicated in the past, underscoring the critical need for several authentication factors for greater protection.

鈥淎ny technology can also become a vector of attack,鈥� she said. 鈥淭here is no authentication system that can鈥檛 be hacked. Password-less authentication is still vulnerable to malware, man-in-the-browser, and other types of attacks. With that said, password-less authentication can be a better option than relying on simple passwords, especially when combining it with other authentication factors making it multi-factor authentication.鈥�

Contact:
Ilaina Jonas, Senior Director of Global Media Relations, 疯拍传媒
+1 (646) 923-2834,鈥�ilaina.jonas@sap.com
疯拍传媒 疯拍传媒 Room

As co-founder of the preeminent fraud-detection platform on the market 鈥� now available on 鈥� Reitblat told me that he has long experience in the 鈥渂ad guy space,鈥� building a successful career around staying ahead of bad actors. That means he鈥檚 the good guy for those making an honest living selling products and services online, and for buyers and shoppers making purchases digitally.

Known as 鈥淭he Trust Platform鈥� for digital commerce, Forter doesn鈥檛 focus on keeping people out, rather on creating a seamless customer experience for trusted shoppers. How is this done? Machine learning and automated decisioning. Built upon a data set of billions of online identities, the Forter platform provides accurate decisions on whether the end shopper is who they say they are instantly. This ability to provide real-time decisions also streamlines merchant operations, eliminating any dependence on manual transaction reviews. That鈥檚 the key to understanding the value of this great app.

The truth is that both online consumers and merchants are victimized by sophisticated, well-organized fraud networks, Reitblat explained, stealing and selling data in a chain of hard-to-detect transactions. To counteract that, merchants can inadvertently block shoppers who most need to purchase online because they fit the 鈥渨rong profile鈥� 鈥� living in a country known for a high preponderance of fraudsters, for example. Someone might live a long distance from a physical retailer and be unable to buy essential items online, through no fault of their own. 鈥淲e are here to give those buyers access, and that is a great source of pride,鈥� he remarked. Further, if a consumer faces hurdles to online purchasing because of clumsy verification processes, they鈥檒l just shop somewhere else. It is therefore crucial to eliminate false declines and reduce friction throughout the purchase journey.

Foiling Scams through a Circle of Trust

It’s somewhat ironic that the best way to thwart fraud is to operate in an environment of trust. In fact, trust among competitors is at the heart of Forter Fraud Protection. Criminals will target one type of company 鈥� a shoe manufacturer, for example 鈥� and, when detected, move on to exploit the next, giving them the advantage. 鈥淲e reverse that asymmetry,鈥� Reitblat said. 鈥淚f you attack one of our customers, the others are immunized, thanks to an aggregated global network of data. They would never share their data with each other, but they are happy to do it through us.鈥� Simply put, the Forter solution is built to recognize people through their data profile and authenticate them quickly and automatically.

I asked Reitblat about credit card protection. When a consumer reports a fraudulent charge, he replied, the onus is on the retailer, who is left with the expense and is subject to fines or suspension by the credit card issuers if there are too many instances. I was also curious about how Forter stays in front of the fraudsters. Let鈥檚 just say that Reitblat, who grew up in Israel and was once a member of the intelligence community there, has his people. 鈥淒etecting security breaches, theft, the dark economy 鈥� it’s the same world,鈥� he said. 鈥淲e have an active research team staying on top of these constantly evolving threats.鈥�

Strength in Numbers

Reitblat co-founded Forter after working with a cybersecurity company that went through an acquisition 鈥� a crushing blow for him. Fortunately, he had reunited with an old high school friend from Jerusalem who also recognized that online commerce was about to take off. 鈥淚n 2013, we still had to convince investors of the need for an authentication capability, and that it had to be fully automated or otherwise would require too many people to be scalable.鈥� That resistance changed quickly, and today Forter is larger than many of its major customers, processing more than US$250 billion in transaction value per year and employing 500 professionals around the world. The solution is deployed in more than 30 countries.

The have resulted in a burst of demand that Reitblat and his partner could not have foreseen. Besides the explosion in online shopping, purchasing behavior and customer demographics across industries changed. New retail features appeared, like curbside pickup, buy online/pick up in store (BOPIS), and contactless check-in and check-out in the hospitality industry. New online buyers included senior citizens, students, and those in advancing geographies who had never transacted online before. Additionally, with the sudden surge of orders to be delivered to alternate addresses 鈥� holiday gifts, for example, or people purchasing for family members 鈥� e-commerce systems had an extra challenge in verifying legitimacy. That process was less complex for Forter customers because its customers were already authenticated in the system.

Forter Fraud Protection is tightly integrated with 疯拍传媒 Commerce Cloud. Laura Jorgens, director of Partnerships for Forter, acknowledged 疯拍传媒 partner for its 鈥渋ncredible support鈥� in building out the integration. 鈥淲orking with 疯拍传媒 and Netconomy feels like one ecosystem pulling together,鈥� she said. 鈥淗ats off to the 疯拍传媒 partnership organization.鈥� With the inclusion of Forter鈥檚 solution on 疯拍传媒 Store, she added, 鈥湻枧拇� has become one of Forter鈥檚 most important partners.鈥�

Why not see for yourself how works? The solution was just an 疯拍传媒 Pinnacle Award finalist in the New App of the Year on 疯拍传媒 Store category. It鈥檚 available for download on . Or download the 疯拍传媒 and Forter .

Rajiv Nema is senior director of 疯拍传媒 Store Partner Solutions.

In the wake of vulnerabilities, massive breaches like , and the during the 2021 holiday season, organizations are changing up security strategies to mitigate damages that are predicted to total US$10.5 trillion annually by 2025.

Security Cultures Prioritize New Business Practices

As every company becomes technology-driven, risks are escalating, pushing security much closer to the top of business priorities. researchers said that by 2025, 70% of CEOs will mandate a culture of organizational resilience to survive coinciding threats from cybercrime, severe weather events, civil unrest, and political instabilities. Meanwhile, security cultures will have changed numerous business practices. By next year, analysts said that 80% of organizations faced with complex global regulations will increase security compliance automation investments by 25% to consistently meet policies and regulations. In the same time frame, IDC predicted 25% of G2000 public cloud customers will subscribe to integrated risk management and cyber-insurance policies through shared fate/risk programs to protect against sophisticated cyberattacks.

Make Security a Company-Wide Responsibility

Security and risk leaders who responded to a recent Gartner ranked the Internet of Things (IoT) and cyber-physical systems as their top concerns for the next three to five years. analysts predicted that by 2023, 75% of organizations will restructure risk and security governance to address the widespread adoption of advanced technologies, an increase from less than 15% today.

In a world where just about every organization is in the computer industry, embedded secure practices across the organization are table stakes. For example, 疯拍传媒 follows the NIST (National Institute of Technology in North America) cybersecurity framework, a holistic security strategy based on repeatable processes. This approach harmonizes controlled security company-wide, including product development and operations.

鈥淪ecurity has always been our number one concern,鈥� said Tim McKnight, executive vice president and chief security officer at 疯拍传媒. 鈥淲ith the acceleration of digitalization, organizations have embarked on a massive cloud-based computing transformation that extends to security. We鈥檝e undergone a multi-year security transformation backed by the commitment of our Executive Board and real-time input from customers.鈥�

A security culture comes down to a shared vision that鈥檚 carried out by leaders who make security a priority and teams who participate in ongoing trainings that celebrate success and learn from failures. People in any sector can take a page out of the software applications industry playbook.

鈥淲e鈥檝e set cybersecurity goals for all of our executives,鈥� said McKnight. 鈥淲e present these measures to the Board on a regular basis, reviewing progress against security initiatives. With open conversations around security, we reinforce priorities while driving accountability from each department. Whether you鈥檙e an executive, team lead, or individual contributor, you need to understand your role in driving a security culture with a security-first mentality. After all, the vast majority of security incidents are the result of human error.鈥�

Don鈥檛 Let Other Business Demands Supersede Security Resources

While just-in-time supply chains boost business agility in a post-pandemic environment, having more partners also increases risk. researchers predicted that 60% of security incidents will involve third parties in 2022. Maybe that鈥檚 why researchers said that by next year, 55% of organizations will allocate half of their security budgets to cross-technology ecosystems and platforms designed for rapid consumption and unified security capabilities to drive agile innovation.

Companies need to allocate sufficient resources to prioritize security across the entire product life cycle, from development through go-live and support. With intelligent capabilities from artificial intelligence (AI), machine learning, robotic process automation (RPA), and other technologies, products and services increasingly require advanced security measures.

鈥淎n effective culture makes security everyone鈥檚 responsibility,鈥� said Wiebke Thelo, senior vice president and head of 疯拍传媒 Quality, Application Security, and Production. 鈥淔or example, business information security officers at 疯拍传媒 report directly into business unit leaders. They work together, making sure that security is embedded into product design, development, and operation.鈥�

Educate Employees Now for a Trusted Future

research showed that close to 25% of organizations report ransomware infections weekly. Human judgment is core to preventing these incidents. However, analysts warned about the 鈥渟ecurity brain drain鈥� as one in 10 experienced professionals have exited the industry during the past year. These analysts advised security executives to address burnout and team culture problems and use succession planning to build a pipeline of security leaders.

疯拍传媒 Teams Up with HBCUs to Attract Talent to the Cybersecurity Curriculum

鈥淎 security culture requires significant learning and development, which is why we鈥檝e professionalized security,鈥� said McKnight. 鈥淭he human element is critical 鈥� we position people first, process second, and technology third. We start with our people and make sure they have the skills they need.鈥�

As remote working, just-in-time supply chains, and tech innovations continue, companies have to think and act faster than the criminals. There鈥檚 never a good time for a cyberattack. Just ask the people who suffered through the cream cheese shortage. Criminals don鈥檛 take holidays and a security culture is the best protection.

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疯拍传媒鈥檚 announcement of these new sponsorships is part of a bigger effort by the company to foster the next generation of cybersecurity professionals.

疯拍传媒 will fund university research, providing professional internships and co-op opportunities, including mentorships, experiential learning and job opportunities for students. By sponsoring HBCUs, 疯拍传媒 aims to bring a more diverse talent base to the cybersecurity industry as well as provide guidance on ways to enrich these universities鈥� cybersecurity curriculums.

鈥淭hrough 疯拍传媒鈥檚 investment in universities, students will gain access to mentorship, experiential learning and job opportunities,鈥� said Tim McKnight, Chief Security Officer, 疯拍传媒. 鈥淭hese collaborations benefit 疯拍传媒, but also the entire cybersecurity industry as 疯拍传媒 is doing its part to help close the skills gap in cybersecurity while reinforcing its commitment to advancing diversity in the workforce. We encourage all technology companies around the globe to follow our lead.鈥�

Under this sponsorship, 疯拍传媒 also plans to fund students in underrepresented communities so they can attend the universities鈥� high school programs focused on computer science and cybersecurity. The funding will cover tuition, books, instructional support, and room and board. At the conclusion of the high school programs, selected students will be introduced to a computer science curriculum, including computer information systems and cybersecurity, in preparation for a career in cybersecurity.

疯拍传媒鈥檚 Chief Trust Officer, Elena Kvochko, noted how important it is for 疯拍传媒 to invest in diverse talent early to remain at the forefront of innovation and provide new opportunities for Black talent. She stated that supporting young people is critical for the success of the industry overall and emphasized the need for shared responsibility to invest in these individuals, so as to prepare them for careers in cybersecurity.

疯拍传媒 is committed to promoting diverse talent and developing early talent in the cybersecurity sector.

Visit the . Follow 疯拍传媒 on Twitter at .

Media Contact:
Mary Lasher, +1 (650) 421-6048, mary.lasher@sap.com, PT
疯拍传媒 疯拍传媒 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 疯拍传媒鈥檚 2020 Annual Report on Form 20-F.
漏 2022 疯拍传媒 SE. All rights reserved.
疯拍传媒 and other 疯拍传媒 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 疯拍传媒 SE in Germany and other countries. Please see for additional trademark information and notices.

In this exclusive conversation, Zauke talks about the powerful localized process revolution happening behind every digital-first business.

Q: How does the localization of enterprise software applications factor into some of the biggest business challenges companies face in 2022?

A: What鈥檚 exciting is how digitalization 鈥� driven by local government regulations and transformation agendas, rising expectations for sustainability, and technology innovation 鈥� is transforming business models.

Post-pandemic, companies are continuing to source materials from suppliers in different locations to minimize supply chain disruptions. They鈥檙e exploring local production of important products like semi-conductor chips, computer processors, and the ingredients of livesaving medicines. They鈥檙e expanding to the cloud with subscription-based services and growing partner ecosystems.

At the same time, organizations need to prove compliance with increasing and global electronic document exchange regulations such as e-invoicing and tax reporting, as well as local regulations for documenting travel expenses, time management, payroll, and procurement spend. In certain countries, tax reporting timeframes are speeding up from quarterly or yearly to monthly, weekly, or even real time. In addition, some of our customers have to report on worker learning activities. Global workforce management regulations are also changing regarding data protection and privacy. Meantime, local sustainability reporting mandates are on the rise. Companies need to show how they are minimizing their greenhouse gas footprint across product life cycles and operations.

Can you share some examples of how 疯拍传媒 has helped companies meet these challenges?

With local versions of 疯拍传媒 solutions, we help global companies gain business value from their investments and meet country-specific mandates. For example, the world’s largest of printing ink and pigments sped up accounts payable by 30% and reduced invoice processing cycle time by 10% using . A facilities management service provider in the Middle East with over 8,800 employees reduced payroll processing times by 98% to meet local mandates and gain business efficiencies. What previously took three days to complete is now accomplished in just 45 minutes.

With the rise of cloud services like subscription- and consumption-based business models, many organizations have turned to . One global media company is using the solution as part of its digital transformation. After replacing legacy systems in North America, APAC, LATAM, and EMEA, it improved revenue recognition and cash reconciliation processes along with the customer experience.

To go global with local versions in 67 countries, our localization services helped support a global cleaning solution provider鈥檚 HR transformation with 疯拍传媒 SuccessFactors solutions, which will serve 14,500 employees worldwide.

Sustainability is a top priority for enterprises worldwide, which is why 疯拍传媒 has developed a comprehensive portfolio of solutions designed to help companies achieve zero emissions, zero waste, and zero inequality. One example is that helps our customers monitor and embed circular economy practices into business processes to meet local sustainability regulations. This solution uses 疯拍传媒 Document Reporting and Compliance to meet local extended producer responsibility (EPR) obligations, tax declarations, and other corporate commitments.

How can companies stay on top of highly changeable and increasingly stringent local mandates and regulations?

Business leaders need to comply with a raft of increasing local regulatory mandates by country. That鈥檚 why, as part of all 疯拍传媒 solutions, global and local versions, including 疯拍传媒 S/4HANA, 疯拍传媒 SuccessFactors solutions, 疯拍传媒 Ariba solutions, and 疯拍传媒 Concur solutions, we provide updates as regulations change.

For resilience in this fast-changing environment, organizations are reinventing how they approach business practice standards. This is especially the case for high-growth organizations that need to scale quickly as they expand worldwide. Leaders have realized they need an integrated view of business processes company-wide 鈥� including finance, sustainability, human experience, supply chain, expenses, and procurement 鈥� so they can apply them appropriately across multiple locations for safe and secure operations.

How do localization services from 疯拍传媒 Enterprise Adoption align with 疯拍传媒鈥檚 vision for intelligent, networked, sustainable enterprises?

Customers rely on 疯拍传媒 to digitalize their business processes, supporting their expansion to new countries and market opportunities while enabling the success of their business locally and globally, their employees, and sustainability commitments that benefit society at-large. Localized, integrated business processes are central to our vision to help every company become an intelligent, networked, sustainable enterprise. The ability to comply with local regulations and standards is fundamental to resilient, high-performing, and sustainable business in the new normal.

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The relationship will see 疯拍传媒 sponsor the , a collaboration between Yale Law School鈥檚 Center for Global Legal Challenges, the Jackson Institute for Global Affairs and the Department of Computer Science, which aims to prepare next-generation technologists to address the most pressing issues in the cybersecurity sector.

疯拍传媒鈥檚 sponsorship will include scholarships, funding for diverse groups of students, educational materials, professional mentorship and access to jobs and internships for students aiming to pursue careers in cybersecurity, while also strengthening collaboration between the business and academic communities.

Additionally, 疯拍传媒 will live-stream the Yale Cyber Leadership Forum sessions to the public, for the first time making it possible to view and participate in its educational events and discussions.

鈥淕reater workforce diversity is synonymous with innovation, creativity and a more secure enterprise landscape,鈥� said Tim McKnight, EVP and Chief Security Officer of 疯拍传媒. 鈥淏y opening cybersecurity conversations and learning opportunities to a broader audience, we aim to foster a new generation of diverse talent.鈥�

Yale University鈥檚 Ted Wittenstein, Executive Director of听the Jackson Institute鈥檚 new听, which examines how artificial intelligence has the potential to alter the fundamental building blocks of world affairs, noted that this new relationship will enable expanded student and public participation as well as help strengthen cybersecurity collaboration among the business and academic communities.

疯拍传媒鈥檚 Chief Trust Officer, Elena Kvochko, pointed out that by offering 疯拍传媒鈥檚 vast technology network to broadcast Forum sessions, the company will help reach a broad array of audiences, including opening the Yale platform to underserved populations and providing opportunities for individuals to participate, learn and prepare for careers in cybersecurity.

疯拍传媒 brings security experts to the Forum鈥檚 extensive network of attorneys, technologists, entrepreneurs and policymakers, and will provide coaching and early career mentorship opportunities for students.

疯拍传媒 is committed to promoting diverse talent and developing early talent in the cybersecurity sector.

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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.听 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 疯拍传媒鈥檚 2020 Annual Report on Form 20-F.
漏 2022 疯拍传媒 SE. All rights reserved.
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This is why 疯拍传媒 is releasing 疯拍传媒 Enterprise Threat Detection, a real-time cloud-based tailored for 疯拍传媒 applications and delivered as a 100% managed service by 疯拍传媒 on 疯拍传媒 Business Technology Platform. This cloud offering uniquely combines leading software with 24/7 疯拍传媒 managed security services by 疯拍传媒 experts.

The solution and service aim to support companies in detecting cyber-attacks in real time by continuously collecting, correlating, and analyzing anomalous and suspicious events across the 疯拍传媒 system landscape before serious damage occurs.听

Why Is 疯拍传媒 Releasing This Service for Customers Now?

Many companies are currently switching to the cloud or to 疯拍传媒 S/4HANA. This transformation is an opportunity to enhance companies鈥� security measures and to protect such investments. Security is no longer a trivial subject and therefore cannot be neglected. Failing to make it a top priority means taking high risks and possibly facing hefty consequences when audited.

Cyber-attacks against businesses are in the news weekly. However, little technical detail is shared about the layers of the IT landscape being attacked. Since 疯拍传媒 applications often contain the most valuable data and run the most critical business processes across the enterprise, they are increasingly becoming a target for external and internal fraudsters.

Attacks can have serious consequences, such as loss of trust and intellectual property, huge fines, business interruption, revenue leakage, misstatement of financial records, among many other damages.

While general security teams guard the walls, perpetrators 鈥� internals or externals 鈥� are making their way to the companies鈥� crown jewels through the application layer鈥檚 backdoors.

What Is the Objective of the Cloud Edition of 疯拍传媒 Enterprise Threat Detection?

The logic and the structure of enterprise resource planning (ERP) systems are very different from the ones on the network or operating system layer. 疯拍传媒 applications have been developed to support end-to-end processes, so there is a huge amount of controls that must be managed and monitored.

Imagine the ERP system as an office building in a city (the internet) with thousands of criminals. All windows and doors are locked and bolted. Are we 100% sure that we are safe? Unfortunately not, because:

• Thieves and perpetrators always find new ways to break in and this is not going to stop. It is a continuous act of offense and defense from the attacker and the defender improving their methods and strategies to succeed.
• The best lock is futile if (internal) attackers are already in the house. More so, an alarm system will not necessarily protect your home if it fails to activate. Hence, there is a high exposure to risk.

In both scenarios, the objective is to detect such cases in real time to raise alerts faster with 疯拍传媒 customers, leveraging the managed service of 疯拍传媒 Enterprise Threat Detection, cloud edition.

24/7 Monitoring as a Managed Service

The managed service for 疯拍传媒 Enterprise Threat Detection includes monitoring of customers鈥� entire ERP landscape 24/7 by 疯拍传媒 experts, and risk-based, prioritized alerting. In addition, a monthly report is issued summarizing all suspicious activities detected as well as the details of how they were carried out.

While this offers effective protection that covers most auditors’ requirements, some companies may want additional support and flexibility. The extended version provides companies the option for extended services and enhanced service level agreements, such as prompt reaction to abnormalities and/or forensic analysis over a specified number of months, and more flexibility in creating and updating detection rules.

鈥淪ecurity is a top priority for 疯拍传媒. We know some of our customers don鈥檛 have in-house security operations centers to monitor and protect their mission-critical applications from ever-growing cybersecurity threats鈥�, said Thomas Ruhl, head of Product Management for Customer Innovation and Maintenance at 疯拍传媒. 鈥淭hat鈥檚 why we released 疯拍传媒 Enterprise Threat Detection, cloud edition: a solution that bundles powerful software and a managed service by 疯拍传媒 security experts to defend against cyber-attacks and safeguard their business.鈥�

Customers interested in learning more can contact their 疯拍传媒 Account Executive to organize a session to better understand the complete offering or email CIM_Communications@sap.com.

It鈥檚 not that these enterprises haven鈥檛 taken steps to protect these assets; it鈥檚 just that the 鈥渢raditional鈥� way of preparing for and responding to ransomware simply won鈥檛 work anymore.

So what鈥檚 needed to protect your organization鈥檚 business-critical applications from the looming threat of ransomware? That鈥檚 exactly what 疯拍传媒 and Onapsis seek to address here.

When most people think about ransomware, there are two immediate, 鈥渢raditional鈥� solutions that come to mind: backups and endpoint security. Both are critical components of a solid security program, without a doubt. However, their presence could lull organizations into a false sense of security, as there still remain gaps, especially related to business-critical systems that are connected in more ways than ever before.

The challenge is that many enterprises realize too late that, in preparation for a ransomware attack, you need to close all the doors and windows of your house — not just the front door of endpoint protection. When thinking about ransomware attack vectors, it鈥檚 imperative to consider all potential entry points into the business-critical environment and how to secure them. To continue this metaphor, this also includes evaluating your neighbors and how they get into your house too.

When you think about all of these vectors, you slowly realize that this challenge goes way beyond just endpoint security and backups. It requires a more holistic look at securing your business-critical applications, including — yes — things that we would classify as 鈥済ood security hygiene.鈥�

In a recent , we demonstrated that threat actors clearly have the means, the motivation, and the expertise to identify and exploit unprotected mission-critical applications, and are, in fact, actively doing so.

As an example, a massive, publicly traded company was recently subjected to a ransomware attack on its enterprise resource planning (ERP) application data. Did they have backups? Yes: the backup was refreshed once a week. However, operations halted anyway. When this happens, even with backups in place, it could still take hours or even days to restore from a backup, and the negative impact on the business and the financial losses are high regardless. Did they have endpoint security? Yes; however, the attackers bypassed the endpoint detection and response (EDR) software by accessing the data through the application. EDR is great for identifying activities on compromised assets and allowing the containment and collection of artifacts, such as process trees, files created by malware, but the application level still poses a challenge. And these attackers used that application layer, which was not monitored by the tool itself, to compromise the business-critical assets.

Vulnerabilities such as 10KBLAZE, PayDay, and RECON allow threat actors to take full control of applications through the application layer itself. These threat actors go straight to the application, and, once in, go down to the operating system level there. When you consider CIO digital transformation initiatives or the rapid adjustment to remote work due to the COVID-19 pandemic, there is a significant magnification of risk. Onapsis has observed that new, unprotected 疯拍传媒 applications provisioned in IaaS environments were discovered by threat actors and attacked in less than three hours, with more than 400 successful exploitations observed as of the date of this publication.

Ultimately, what鈥檚 needed then is a new model to defend against ransomware, one that goes beyond the scope of just protecting endpoints, backing up files, and hoping for the best. claims that organizations should 鈥淸i]mplement a risk-based vulnerability management process that includes threat intelligence. Ransomware often relies on unpatched systems to allow lateral movement. This should be a continuous process. The risk associated with vulnerabilities changes as these vulnerabilities are exploited by attackers.鈥� We couldn鈥檛 agree more.

What鈥檚 needed is a renewed commitment to some key security fundamentals:

1. Security Hardening of Business-Critical Applications
2. Timely Patch Management
3. Point-in-Time Vulnerability Assessments
4. Continuous Monitoring of Vulnerabilities and Threats to Your Business-Critical Applications
5. Securing Your Custom Code in Business-Critical Applications
6. A Commitment to Control and Governance

疯拍传媒 is committed to continuously innovating our software to keep your information safe — both on premise and in the cloud. We prioritize security so that you can stay focused on running your business and managing your customer relationships effectively using 疯拍传媒 solutions, safe in the knowledge that your data is secured. To protect clients from ransomware attacks, securing development infrastructure, such as the build and deploy chain, is of utmost importance to prevent the manipulation of shipment artifacts.

As part of our commitment to clients, 疯拍传媒 follows a secure software development and operations lifecycle to identify and mitigate all kinds of security weaknesses and vulnerabilities during the development of products and services. Through the use of risk identification techniques such as the 疯拍传媒 threat modeling method and secure development trainings, 疯拍传媒 enables development teams to eliminate potential entry points for ransomware and other kind of attacks. It also ensures that basic security principles, such as that of least privilege, are part of the DNA of 疯拍传媒 developers.

疯拍传媒 continues to harden our systems with automated static code analysis, vulnerability scans, and validation from a dedicated, independent 疯拍传媒 internal security team. 疯拍传媒鈥檚 software development lifecycle serves as an example to clients on how to support a DevSecOps model covering development and operations aspects for continuous and secure delivery of software.

When deploying and running 疯拍传媒 applications, it is imperative that organizations focus on hardening their system to minimize the overall attack surface — for example, ensuring the proper setting of system parameters and other aspects of system configuration, including the activation of security features and functionalities. It is important that the proper configuration settings are in place to protect an organization against possible security vulnerabilities.

疯拍传媒 provides key features such as the 疯拍传媒 EarlyWatch Alert service, which monitors the essential administrative areas of 疯拍传媒 components to keep organizations up to date on performance and stability as well as the 疯拍传媒 Security Optimization service, which verifies and improves the security by identifying potential security issues related to your 疯拍传媒 solution and providing key recommendations.

As threat actors continue to devise new modes of attack and vulnerabilities to these attacks are identified, 疯拍传媒 continuously provides security updates for existing code to keep your systems secure. 疯拍传媒 delivers these security updates through support packages, and, on the second Tuesday of every month, as part of 鈥淪ecurity Patch Day,鈥� 疯拍传媒 publishes security notes with the latest security corrections and recommendations. As noted, implementing a security maintenance process to assess and implement recommended security updates is a proven best practice for mitigating risk.

Onapsis has focused on protecting business-critical applications since 2009. We target the application layer with our Onapsis platform and serve an essential part of our clients鈥� plans to protect their business-critical 疯拍传媒 applications from ransomware attacks.

• By providing automatic visibility into critical vulnerabilities, missing important patches and security updates, misconfigurations, and insecure interfaces, Onapsis identifies all the open doors. This is a crucial component in any ransomware prevention initiative. Once the entry points are identified, they can be closed, thereby reducing the attack surface that may lead to ransomware.
• Through continuous monitoring and real-time alerts for threat indicators, Onapsis helps monitor real-time attempts to access critical systems through any remaining open doors. Win precious time to prevent threat actors from gaining further access.
• With code analysis in real time, prior to moving into production, and in transport, Onapsis can help identify foreign code, such as malware, or new vulnerabilities before they get released to the public. Code vulnerabilities may appear to be a minor attack vector, until they鈥檙e not, such as in the case of the Solar Winds attack. In Onapsis鈥� experience, we generally see one critical vulnerability per 1,000 lines of code, but our clients generally have millions of lines of custom code. It鈥檚 important to close those thousands of open doors to prevent any access to business-critical systems.

It鈥檚 time to think differently about ransomware. We鈥檙e in the middle of a perfect storm, with more unprotected 疯拍传媒 applications and remote workers than ever before, expert threat actors who have the expertise to attack these systems, hyperconnected business-critical systems across the cloud, and strained InfoSec teams that may have fallen behind in patching and vulnerability management. Ransomware is the final step of an attack that could utilize a myriad of attack vectors to directly access your business-critical applications.

Organizations should leverage the powerful native security capabilities of 疯拍传媒, establish the right risk-based patch, code, and vulnerability management processes, and take advantage of the optimized tools and critical threat intelligence from Onapsis. If they do so, organizations can drastically reduce their risk profiles, stay a step ahead of ransomware groups, and ultimately keep their names out of the news.

Tim McKnight is CSO of 疯拍传媒.
Richard Puckett is CISO of 疯拍传媒.
Mariano Nunez is CEO of Onapsis.

Additional contributors this content include: Elena Kvochko, Imran Islam, Oliver Meli, Vic Chung, and Robert Lorch from 疯拍传媒, as well as David D’Aprile, Maaya Alagappan, and Tess Cunard from Onapsis.

This agreement aims to help improve diversity in the cybersecurity sector by collaborating on a curriculum, providing more internships and early career opportunities, enabling better knowledge transfer between the organizations and encouraging early talent to explore new career opportunities.

鈥淎s technology progresses, it is our responsibility in the software industry to devise new ways to protect valuable data, support business operations and secure enterprises of all sizes,鈥� said Tim McKnight, chief security officer, 疯拍传媒. 鈥淭his close relationship with Columbia University allows us to identify diverse talent to keep 疯拍传媒鈥檚 customers and products safe while providing students and recent graduates an opportunity to launch a new and exciting career.鈥�

As cyberattacks continue to make headlines, the demand for cybersecurity professionals is increasing.

鈥淲hile there a high demand for cybersecurity professionals, there also is a significant gender disparity in the cybersecurity workforce,鈥� said Elena Kvochko, chief trust officer, 疯拍传媒. 鈥淲e are hopeful that introducing this career path to students and recent graduates will bring a greater level of diversity to the industry. We believe that diversity will bring new ideas, skills and creativity when solving security challenges.鈥�

疯拍传媒 plans to lead events on and off campus, contribute to thought leadership programs, host career events and sponsor Capstone workshops 鈥� SIPA鈥檚 signature consulting projects, which give students the opportunity to work with and advise external clients.

According to Jason Healey, senior research scholar at Columbia SIPA and a pioneer of cyberthreat intelligence, the school is looking forward to the opportunities this relationship will provide for students.

鈥淒ue to 疯拍传媒鈥檚 funding, we鈥檙e already finding new opportunities to reach out to our diverse student body to let them know about the amazing job prospects in cybersecurity, even for those outside of STEM,鈥� Healey said. 鈥淭he events, projects, information and first-hand experience our students will have access to will be extremely valuable for their career development.鈥�

Visit the . Follow 疯拍传媒 on Twitter at .

Media Contact:
Mary Lasher, +1 (650) 421-6048, mary.lasher@sap.com, ET
疯拍传媒 疯拍传媒 Room; press@sap.com

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥減redict,鈥� 鈥渟hould鈥� and 鈥渨ill鈥� and similar expressions as they relate to 疯拍传媒 are intended to identify such forward-looking statements. 疯拍传媒 undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect 疯拍传媒’s future financial results are discussed more fully in 疯拍传媒’s filings with the U.S. Securities and Exchange Commission (“SEC”), including 疯拍传媒’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
漏 2021 疯拍传媒 SE. All rights reserved.
疯拍传媒 and other 疯拍传媒 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 疯拍传媒 SE in Germany and other countries. Please see for additional trademark information and notices.

While the shortage in cybersecurity offers great career opportunities, it is not expected to be filled anytime soon. Hardly an organization is not impacted by a cybersecurity skills shortage 鈥� but it鈥檚 not a field where those willing to enter can become an expert overnight. A mid- to long-term strategy is required.

Security Starts with People

At 疯拍传媒, security starts with people 鈥� professionals who are innovative, curious, tenacious, and driven to find new ways to solve emerging challenges in cybersecurity. According to 疯拍传媒 Chief Security Officer Tim McKnight, a diverse workforce is key to creating a greater mix of ideas to spur innovation. One of the issues in the industry, though, is that only 10% of information security professionals are women.

For 疯拍传媒鈥檚 chief security officer, it is important that his organization achieve gender balance. 鈥淚t needs to be built into our DNA, with my leadership team as well as throughout the organization,鈥� McKnight stated. For him, it鈥檚 one thing to set goals for gender diversity but another matter altogether to build it into the culture of an organization.

鈥淲e鈥檙e looking for professionals who are driven by our mission: helping the world run better and improve people鈥檚 lives,鈥� McKnight added. 鈥淎 diverse professional background is important in solving the complex problems of cybersecurity.鈥� Accordingly, 疯拍传媒 wants people with a passion for cybersecurity and an analytical mind-set who can think outside of the box, which goes beyond technical skills. For McKnight, women are key to increasing cybersecurity skills within his own team, but also to achieving greater gender parity in the workforce.

疯拍传媒 and Columbia SIPA Team to improve Diversity in Cybersecurity, Attract Early Talent

疯拍传媒 is taking a new route to close the skills gap and the gender gap by forging a new relationship with Columbia University School of International and Public Affairs (SIPA). According to the announcement made by 疯拍传媒, the goal is to identify and develop early talent and improve diversity in the cybersecurity sector. Specific objectives include collaborating on a curriculum, providing more internships and early career opportunities, enabling better knowledge transfer between the organizations, and encouraging early talent to explore new career opportunities.

鈥淓arly engagement is an important factor when it comes to increasing diversity in the workplace,鈥� said Beth Mauro, associate dean of Development at Columbia SIPA. 鈥淯ltimately, it benefits both the company and students. The company has the benefit of gaining a diverse workforce and the students have a unique opportunity to enter a high-demand career path with plenty of opportunities for growth.鈥�

疯拍传媒 will lead events on and off campus, contribute to thought leadership, host career events, and sponsor Capstone workshops 鈥� SIPA鈥檚 signature consulting projects, which give students the opportunity to work with and advise external clients.

疯拍传媒 Chief Trust Officer Elena Kvochko observed: 鈥淲e are hopeful that introducing this career path to students and recent graduates will make this career field more attractive for women.鈥�

For 疯拍传媒, security and diversity are not just about being compliant and fair but about bringing ideas, skills, and creativity to the organization to find new ways to solve emerging challenges in cybersecurity.

疯拍传媒 expects to see an increasing demand for a broader scope of professionals, such as incident response specialists, information security engineers, and penetration testers, but also for traditionally nonsecurity roles to incorporate more security-related tasks. This trend is opening doors to many opportunities for transitioning to a career in cybersecurity. 疯拍传媒 is currently seeking to hire 100 security professionals. For more information, see .

The is the most far-reaching and rigorous program ranking fintech industry leaders. The rankings categorize and evaluate leading fintech companies, vendors and solution providers based on data gathered from surveys of practitioners, end users and subject matter experts. The report also makes use of original research and market analysis conducted by CeFPro and backed by an advisory board of 60 international industry professionals.

鈥淐eFPro鈥檚 Fintech Leaders is unlike any industry report, as it is endorsed by 60 Advisory Board members and is the 鈥榲oice of the industry鈥� through the votes cast by industry professionals,鈥� CeFPro Managing Director Andreas Simou said. 鈥淚n essence, this is an endorsement by the industry of 疯拍传媒鈥檚 position within the fintech space.鈥�

CeFPro also includes research on industry trends, priorities and challenges. Key findings highlight advanced analytics and AI as leading opportunities. These takeaways underscore the importance of making technology the backbone of fintech strategies for a state-of-the-art听听and听.

Visit the . Follow 疯拍传媒 on Twitter at .

Media Contacts:
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Shannon Mason, CeFPro, +1 (888) 677-7007, shannon.mason@cefpro.com, , GMT

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥減redict,鈥� 鈥渟hould鈥� and 鈥渨ill鈥� and similar expressions as they relate to 疯拍传媒 are intended to identify such forward-looking statements. 疯拍传媒 undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect 疯拍传媒’s future financial results are discussed more fully in 疯拍传媒’s filings with the U.S. Securities and Exchange Commission (“SEC”), including 疯拍传媒’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
漏 2020 疯拍传媒 SE. All rights reserved.
疯拍传媒 and other 疯拍传媒 products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 疯拍传媒 SE in Germany and other countries. Please see for additional trademark information and notices.

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Water is an increasingly rare commodity. That is why a responsible use of water becomes more important than ever.

Sydney Water, a water supplier, is aware of this responsibility that covers an area of more than 12.000 km2. In order to continue providing world class service to its customers, Sydney Water has updated its billing processes to optimize its workflows and help provide its customers bills that are easy to understand. Together with 疯拍传媒, the water supplier decided to act and replaced the outdated system with a modern and flexible billing platform.

So being the 鈥渇riendliest debt collectors in Europe鈥� is quite a bold goal for troy, one of six startups invited to a dedicated financial technology (fintech) program focused on finance and governance, risk and compliance (GRC) in Berlin by the 疯拍传媒.iO Foundries.

What is Fintech?

Financial technology (fintech) describes technology that is designed to improve and automate the use of financial services.

While the term originally referred to technology applied at banks or trading firms, fintech has grown explosively since the Internet cloud computing, and mobile revolution. There has been a shift to more consumer-oriented services听in recent years. It now describes a broad range of technologies for personal and commercial finance, such as听money transfers, the use of cryptocurrencies, smartphone payments, bypassing a bank to apply for credit, and more.

According to , three out of four consumers have used money transfers or payments with fintech services. As fintech makes financial services more accessible to consumers, its consumer experience expectations will certainly going to increase.

troy: The Friendliest Debt Collectors in Europe

Philip R眉rup, CEO of , makes clear that creating a friendly customer experience in debt collection is more than a marketing slogan; it is a mindset backed up by technology and proven key performance indicators (KPIs). By treating people as customers and not debtors, troy has found unique solutions to incorporate customer experience into the debt collection process. According to R眉rup, this 听induces people to pay their debts faster, pay more, and even pay 鈥渉appily.鈥�

鈥淲e found that 50 percent of people simply forgot to pay, or just faced a short-term bottleneck,鈥� explained R眉rup. 鈥淪o, it doesn鈥檛 make sense to use heavy-handed approaches here.鈥�

A broken car, a long trip, or turbulent times: It is all too easy to lose track of payments.

鈥淎cross all industries, improvements in customer experience have focused on marketing, sales, and CRM,鈥� said R眉rup. 鈥淏ut as soon you get into the financial processes around invoices, payment, and debt, the positivity stops! We wanted to make debt collection feel different. Using 疯拍传媒 S/4HANA as the seamless integration point between our solution and the companies wanting to collect on debts is an important part of the equation.鈥�

Competing in an Exploding Market

That is just one of the approaches by startups that has captured the attention of the 疯拍传媒 S/4HANA Product Management and Development Teams. According to Jochen Thierer, head of Engineering for GRC at 疯拍传媒, startups are crucial to 疯拍传媒鈥檚 ability to address new markets.

鈥淕iven 疯拍传媒鈥檚 focus on customer-centricity and success, our objective is to provide holistic GRC and fintech solutions to our global customers across all segments,鈥� said Thierer. 鈥淲e are constantly evaluating new, exciting startup ideas that could bridge the gap for our customers while ensuring impactful innovations in our core, especially in the fast-moving fintech space.鈥�

Thierer also points out that partnering with the 疯拍传媒 ecosystem is critical, and customers are happy about that: 鈥淭his strategy is helping our customers in their journey to become intelligent enterprises while helping us compete better and gain market share in the GRC and finance space.鈥�

However, the relationships need to be effectively managed. It is not easy for startups to work with corporations and vice versa.

鈥淚nnovation between startups and corporates need to be orchestrated and 疯拍传媒.iO together with the 疯拍传媒 Startup Engagement team are vital to that,鈥� remarked Thierer. 鈥淭hey made it easy for us to find and engage with the right startups and allowed us to engage with the ecosystem in a professional way.鈥�

In addition to obvious market-based benefits, they also provide more intangible cultural benefits according to Oliver Kroneisen, 听head of Financials Operations Development at 疯拍传媒.

鈥淲orking with startups is inspirational,鈥� said Kroneisen. 鈥湻枧拇� employees get a huge motivational boost when they see how positively the startups view 疯拍传媒 and how eager they are to get the chance to tap into the immense opportunities that the 疯拍传媒 infrastructure and ecosystem provides. Also, as a manager, it鈥檚 eye-opening to see how these entrepreneurs can instill a sense of meaning and purpose into the work employees do and the impact that has on the outcomes 鈥� especially in the case of troy. Their 鈥榡ust-built-it鈥� mentality shows us how easy it can be to build beautiful solutions when you are not hindered by real or imagined silos. Those are important lessons for 疯拍传媒 leaders.鈥�

鈥淭he startup founders鈥� spirit and passion for what they do is infectious,鈥� said Jan Gilg, senior vice president and head of 疯拍传媒 S/4HANA. 鈥淚 really get a sense of their drive and excitement for what they are working on. I was inspired by the fresh perspectives that I saw on standard topics like governance, and I came away with a lot of new insights. One of our big topics at the moment is how we can turn commodity processes into differentiation opportunities and I really felt that the out-of-the box thinking among the GRC and fintech startups is taking this in the right direction. I can鈥檛 wait to see what the next cohort of startups will come up with.鈥�

Working With Startups Challenges Us to Improve 鈥� Fast

疯拍传媒 would not be where it is if it was not also self-critical. 鈥淲e are always looking for ways to improve our internal processes, organizational structures, and software architecture so that startup collaboration gets easier,鈥� explained Kroneisen. 鈥淲orking with startups helps us uncover areas we need to improve in our cloud business operations.鈥�