
SAP's Gen AI Tools Take Center Stage at Spend Connect Live 2023
General availability is projected to be achieved by the end of 2023, while Joule, the new generative AI copilot, will be incorporated throughout the SAP cloud enterprise portfolio, with plans for availability in SAP spend management solutions
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CIO Applications Europe | Friday, October 13, 2023

SAP's innovative Gen AI tools offer a glimpse into the future of business solutions with cutting-edge AI technologies designed to enhance operational efficiency and productivity.
FREMONT, CA: General availability is projected to be achieved by the end of 2023, while Joule, the new generative AI copilot, will be incorporated throughout the SAP cloud enterprise portfolio, with plans for availability in SAP spend management solutions in 2024. Additional use cases are being developed in collaboration with customers, with availability anticipated in the first half of 2024. These advancements in generative AI technology are being thoughtfully integrated with SAP's industry-leading spend management solutions to enhance customer productivity, all while prioritising security, privacy, compliance, ethics, and accuracy.
In order to assist clients in finding cost-saving possibilities and making process improvements, the new SAP Spend Control Tower solution will integrate cutting-edge AI technologies and the capacity to view all spending. Starting in the first quarter of 2024, these features will be accessible.
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It is now simpler for procurement experts to make wise decisions in the SAP Ariba Sourcing and SAP Ariba Buying solutions. These dashboards provide customers with near real-time information about important process workflows. These capabilities are already in place and are based on a modern architecture that lays the groundwork for upcoming innovation.
Embedded AI-Powered Risk Assessment within Source-to-Settle Solutions
SAP has integrated AI-powered supplier risk assessment capabilities into its source-to-settle solutions to assist business users in making better decisions more quickly. The new features enable customers to better analyse third-party risk by integrating risk assessment profiles into sourcing, contracting, and purchasing systems. The SAP Ariba Sourcing, SAP Ariba Contracts, and SAP Ariba Buying solutions currently offer supplier risk assessment capabilities.
Scoutbee's AI-driven Supplier Discovery to Integrate with Guided Sourcing.
SAP and Scoutbee–a prominent supplier intelligence and discovery platform utilising AI–are set to combine their AI-powered supplier search solution with the SAP Ariba Sourcing offering. This integrated solution, known as Scoutbee Discovery, expeditiously identifies suppliers that align with intricate criteria, including production capacity, quality standards, and certifications.
Once shortlisted, these suppliers will be seamlessly imported into guided sourcing events, thereby bolstering the decision-making process for sourcing professionals. The integration is slated for release in the first quarter of 2024. In concert with SAP Business Network Discovery, Scoutbee Discovery enhances the capacity of sourcing professionals to swiftly locate new suppliers that meet their requisites, even if they exist outside the network.
Expense Payment Manager
Customers may now pay employees in more than 25 different currencies. The expenditure reimbursement procedure is expedited through a streamlined payment process. Flexibility is increased by entering into direct contracts with third-party payment providers. The expense payment manager, which further allows consumers to choose their payment processor, is now generally accessible.
SAP's Gen AI tools are poised to redefine the digital landscape and transform organisations' operations, setting the stage for a new era of intelligent and data-driven decision-making.
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