Control Tower will include advanced AI features to give customers visibility across all spend , helping them uncover costsaving opportunities and discover process improvements . These capabilities will be available in the first quarter of 2024 . Muhammad Alam
TECH AND AI
U
ntil recently , much new tech in procurement has been focused on improving traditional processes with workflow automation , or by providing a slicker interface , but with AI and GenAI procurement as a profession is rethinking how it can deliver better business results .
AI is proving to be a game-changer , in terms of moving procurement from being little more than a cost centre to being a strategically important business function .
At the forefront of this AI revolution in procurement is SAP .
In recently launching Joule – SAP ’ s natural-language , generative AI ‘ co-pilot ’ – SAP CEO Christian Klein talked of how it has the power to redefine both the way businesses and people work . “ Joule will know what you mean , not just what you say ,” Klein told the world .
Joule is based on an understanding of customer processes , and can provide organisations not only with intelligent insight , but can also make recommendations designed to deliver outcomes faster .
It will be embedded throughout SAP ’ s cloud enterprise portfolio , and is aimed at the estimated 300 million enterprise users around the world who work with SAP cloud solutions . Joule will make SAP one of the world ’ s largest AI enterprises .
It is built to deliver proactive and contextualised insight from across the
breadth and depth of SAP solutions and third-party sources , and will make SAP solutions smarter – solutions such as SAP Spend Control Tower .
Control Tower will include advanced AI features to give customers visibility across all spend , helping them uncover costsaving opportunities and discover process improvements . These capabilities will be available in the first quarter of 2024 . Muhammad Alam
TITLE : PRESIDENT & CHIEF PRODUCT OFFICER , SAP INTELLIGENT SPEND AND BUSINESS NETWORK
COMPANY : SAP INDUSTRY : IT
Before taking up his current position
Alam previously worked at Microsoft as a Corporate Vice President , Dynamics 365 . He was with Microsoft for 17 years , prior to which he worked with Capgemini and EY .
supplychaindigital . com 127