Governance Risk and Compliance: 6 Startup Game-changers

With ongoing financial transformation, increased regulations and growing complexity, there is huge potential in working with early-stage start-ups that help bring financial process innovation to SAP S/4HANA® customers. For this cohort, the SAP.iO Foundry Berlin Program teamed up with the S/4HANA® team to work with startups focused on GRC and FinTech innovations.

AIVIDENS: Predictive cash and risk management

WHAT THEY DO

On average, losses due to unpaid invoices represent 0.3 to 1% of companies’ annual revenue. Collection processes often start too late leading to cash or P&L issues, that is why we designed our Predictive Risk Management solution (PRIM). PRIM is designed to anticipate payment issues and calculate various financial and risk indicators. It can also prioritize cash collection processes and propose specific actions. PRIM can be applied on any debt portfolio.

UNIQUE APPROACH

By using AI and applying a proprietary risk model on customers’ financial and operational data, PRIM first predicts whether an invoice will be paid and when. PRIM then segments the debt portfolio according to payment profiles and risk levels. With this combination, PRIM helps increase cash accuracy and understand the risk breakdown. It also helps identify events requiring immediate actions, concentrate efforts where required and ease the collection strategy decision process.

TEAM: Edouard Beauvois — Co-Founder, Nicolas Mertens — Co-Founder

HANKO: FIDO-based Identity- and Authentication-as-a-Service

WHAT THEY DO

Hanko offers a passwordless multi-factor identity and authentication Cloud service for convenient and secure user authentication, enabling its customers to eliminate fraud, phishing, and credential reuse while offering a cutting-edge UX.

UNIQUE APPROACH

With Hanko, businesses can quickly integrate the most advanced authentication methods into their web portals and applications. The service is developer-friendly, supporting open Web standards and open-source SDKs. They also offer a white-label authenticator app as an option. Hanko is GDPR and PSD2 compliant.

TEAM: Felix Magedanz — Founder & CEO, Felix Dubrownik — Technical Lead, Daniel Faulhaber — Product Manager

IRISTRACE: Transforming the management of Business Risk into Value

WHAT THEY DO

Iristrace enables enterprises to better manage their business risks using control frames for their operations that can easily be changed as processes evolve.

UNIQUE APPROACH

Business experts without IT knowledge can easily design and roll out their own controls across their organisation in a record time, ensuring that the strategy reaches the front-line employees, contractors, suppliers and partners. Controls and follow-up action plans are distributed via mobile application, web or messenger. They can be rule based and scheduled automatically, triggered by events or used in self-service. The benefits include a faster implementation of strategy, better staff and supplier engagement on the company’s objectives, improved compliance, proof of execution, shorter learning cycles, lower costs and a far superior customer experience as a result.

TEAM: André Kingham — Chairman, César Mariel Alberto — CEO

PXL VISION: The secure gateway to digital identity

WHAT THEY DO

PXL Vision provides leading solutions for the automation and enhancement of digital identity verification and customer onboarding through tailored and off-the-shelf software solutions powered by the latest developments in Computer Vision and Machine Learning.

UNIQUE APPROACH

PXL Vision’s identity verification solutions deliver both seamless UX and high security through proprietary methodologies, within a fully automated software platform. Offered as both SaaS and custom hosted or on-premise solutions, PXL’s powerful technology stack is available how and where you need it.

TEAM: Michael Born — Founder & CEO, Karim Nemr — Founder & CBO, Nevena Shamoska — Founder & CTO, Roxana Porada — Founder & CPO

SPHERITY: Bridging the physical, biological and digital spheres

WHAT THEY DO

Spherity is building decentralized identity management solutions to power the 4th industrial revolution, bringing secure identities (“Digital Twins”) to machines, algorithms, and other non- human entities. Digital twins enables transactions with the following features: verifiable digital identities, P2P trust with credential-based verification, verifiable business transactions & payments, verifiable data chains (audit trails) and data provenance.

UNIQUE APPROACH

Spherity is providing the “missing puzzle piece” in solving with blockchain technologies and “Self- Sovereign Identity” design principles the challenge of data integrity in the industrial IoT applications. Their digital twins enable tamper-proof data exchange within customer journeys across mobility, supply chain and other business processes.

TEAM: Carsten Stöcker — Founder & CEO, Michael Rüther — Founder & COO

TROY: Reinvents debt collection, reduces clients’ write-offs AND preserves their customers

WHAT THEY DO

Troy is a full-service debt collection agency that builds THE platform for customer experience in debt collection. Their platform drives troy’s debt collection services which have repeatedly proven to outclass traditional providers. Their solution can be used as white-label and also supports financial BPO of receivables management.

UNIQUE APPROACH

Troy is a digital, data-driven, automated and cloud-only solution which incorporates best practices from marketing and CRM to improve the debt collection experience. And the friendliness works. Customers pay more, faster, and happily — proven by clients’ feedback and customer surveys after payment.

TEAM: Philip Rürup — Founder & MD, Till Völzke — Founder & MD, Gunnar Zarncke — CTO

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SAP.iO Kicks Off First B2B European Startup Accelerator Focused on Fintech and Governance, Risk and Compliance

People mingling in conversation

The SAP.iO Foundry Berlin kicked off a dedicated financial technology (fintech) program with participants consisting of business-to-business startups focused on finance and governance, risk and compliance (GRC), SAP SE (NYSE: SAP) said today.

With the growing complexity of regulatory laws impacting enterprises, startup solutions and innovations will help optimize enterprise resource planning processes and address customer needs. In a recent report by Deloitte, cost reduction and increased regulatory scrutiny were the main drivers of a significant increase in spending on enterprise risk management. With more than 56 percent of organizations using, or planning to use, cloud-based platforms, enterprises are looking for intelligent, real-time, actionable solutions to meet their improved efficiency goals.

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SAP.iO Kicks Off First B2B European Startup Accelerator Focused on Fintech and Governance, Risk and Compliance

 The SAP.iO Foundry Berlin kicked off a dedicated financial technology (fintech) program with participants consisting of business-to-business startups focused on finance and governance, risk and compliance (GRC), SAP SE (NYSE: SAP) said today.

With the growing complexity of regulatory laws impacting enterprises, startup solutions and innovations will help optimize enterprise resource planning processes and address customer needs. In a recent report by Deloitte, cost reduction and increased regulatory scrutiny were the main drivers of a significant increase in spending on enterprise risk management. With more than 56 percent of organizations using, or planning to use, cloud-based platforms, enterprises are looking for intelligent, real-time, actionable solutions to meet their improved efficiency goals.

These startups are joining the SAP.iO Foundry Berlin program for Fall 2019:

  • Hanko provides Fast Identity Online (FIDO)-based identity and authentication as a service. The startup is founded in Germany.
  • troy is a German-based startup that uses machine learning and artificial intelligence to combine successful debt collection with customer relationship management.
  • Iristrace is transforming the management of business risk into business value by providing risk strategy validation. The startup is headquartered in the Netherlands.
  • PXL Vision is a Swiss startup for creating and managing trusted, verified digital identities.
  • Aividens is a Belgian startup that provides predictive cash and risk management to improve cash accuracy, reduce overdue debts and improve operational efficiency and customer satisfaction.
  • Spherity, a German startup, combines unique identifiers with verifiable data to offer out-of-the-box cloud wallet capabilities.

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SAP Politikbrief Startups Journel

The SAP Government Relations team publishes a quarterly info-journal (SAP Politikbrief) for German political and public administration representatives incl. important decision makers from German executive and legislative bodies, such as the Chancellery, Federal and Regional Ministries and Parliaments, municipalities as well as scientists and academics. The Q3 Politikbrief is dedicated to startups. The journal is published in German and English, online and in print.

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So will SAP die Vielfalt in der Gründerszene fördern

Düsseldorf Rania Reda hat bereits mehrere Start-ups gegründet, groß gemacht und verkauft. Derzeit baut sie mit Augmania eine Plattform auf, die die Erstellung von Inhalten für Augmented Reality deutlich erleichtern soll.
Trotz ihrer Erfahrung tut sich die 46-jährige Gründerin schwer, im Silicon Valley von den namhaften Risikokapitalgebern eine Finanzierungsrunde zu bekommen – und das, so ist sie überzeugt, liegt weder an ihrer Geschäftsidee noch an ihrer Präsentation.

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Augmania’s SAP.iO Journey in Berlin

Dear diar….Sorry got caught away here! In a way, though, this blogpost will be akin to a diary entry. It’s an open expression of our thoughts at Augmania throughout every stage of our SAP.iO Foundry program odyssey. 

Oh yes, earlier this year, the good people of SAP invited us to participate in their ultra-ambitious accelerator program. Launched by SAP in 2017, SAP.iO aims to bolster multiple entrepreneurial ecosystems around the globe. That’s through supporting and investing in early-stage startups working in SaaS. 

A major focus of SAP.iO is the aforementioned Foundry program which we received an invitation for. Generally, the program is about 12 weeks and has taken place in entrepreneurial hubs, from New York to Tokyo. Mentorship sessions, engaging workshops, and funding opportunities are just a few perks of a Foundry program.

However, our invitation was for a rather unique SAP.iO Foundry program. In fact, it was a program with heaps of added pressure. 

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Startups by Women Get Spotlight in SAP.iO No Boundaries

People mingling in conversation

Startups by women took merely 2.2 % of venture capital in 2017 according to data from PitchBook Data Inc., a financial data and software company headquartered in Seattle. It was also found that less than 13% of venture capital went to US startups with at least one female founder.

Startups by women and minority founders have been the focus of SAP.iO No Boundaries, SAP’s initiative to offer venture capital and incubation to underrepresented entrepreneurs, since its launch at the start of 2019.

Shoba Purushothaman, a founder of multiple startups in the last 18 years, is one of the women leaders that have received support from SAP. Purushothaman and her co-founders at Hardskills, an online platform that helps companies train their workforce in behavioural skills, have been one of six startups in SAP’s new B2B diversity accelerator in Berlin.

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Jung, weiß, männlich war gestern: Warum SAP bei der Startup-Förderung einen anderen Weg geht

Das Scheinwerferlicht fällt auf Rania Redas dunkelbraunes Haar, als sie die Bühne betritt, um vor knapp 400 Leuten ihr Augmented-Reality-Startup zu präsentieren. Ihr Herz rast. Auch nach 22 Jahren im Startup-Geschäft und mehr als 70 Pitches spürt sie noch den Adrenalinrausch, sagt sie. Die Zuschauer merken davon jedoch nichts: Jeder Satz sitzt perfekt, die Gesten sind routiniert. Die ägyptische Softwareentwicklerin ist eine von sechs Gründern, die an diesem Abend beim Abschlussevent von SAPs Startup-Förderprogramm „No Boundaries“ in Berlin auf der Bühne stehen.

SAP wagt mit dem Programm derzeit etwas, was in der Branche Pioniercharakter hat: eine inklusive Startup-Förderung. Mit „No Boundaries“ hat sich der deutsche Softwarekonzern das Ziel gesetzt, mindestens 40 Prozent seines Investmentfonds SAP.iO in Startups zu stecken, die von Angehörigen von Minderheiten geführt werden. Weltweit wolle man auf diese Weise bis 2025 mehr als 200 Startups an acht Standorten fördern.

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SAP.iO Foundry Berlin: Accelerator für innovative Startups

Stellen Sie sich doch unseren Lesern kurz vor

Ich bin Astrid Freier und leite seit Mai dieses Jahres den Accelerator SAP.iO Foundry  in Berlin. Es ist für mich ein Traumjob, da ich seit Jahren im Berliner Ökosystem zu Hause bin und hier nun wirkungsvoll die Brücke zwischen innovativen Startups, SAP und seinen Kunden schlagen kann. Mir macht es dabei sehr viel Spaß, mit diversen Teams zusammenarbeiten und meine verschiedenen Verbindungen aus Japan, USA etc. einzubringen.

Stellen Sie uns und unseren Lesern SAP.iO Foundry Berlin kurz vor!

Mit SAP.iO Foundry bieten wir innovativen Startups zweimal pro Jahr gründerfreundliche und equity-freie Programme. Kern dieser sind der Zugang zu unseren mehr als 400.000 Kunden und zu unseren Technologien, um die Lösungen der Startups mit SAP-Produkten zu verknüpfen. Uns ist dabei sehr wichtig, dass wir Gründerinnen und Gründer unterrepräsentierter Gruppen zu fördern. Gerade haben wir sechs großartige Startups im Programm, die von Frauen oder Angehörigen von Minderheiten mitgegründet wurden. Schon jetzt scouten wir für das nächste Programm nach innovativen Lösungen im Bereich Governance, Finance, Risk und Compliance, das am 30. September 2019 startet.

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SAP’s new incubator taps the potential of women and minority founders

For the past three months, Purushothaman and her co-founders at Hardskills — an online platform that helps companies train their workforce in behavioral skills—have been one of six startups in SAP’s new B2B diversity accelerator in Berlin. The German giant, a market leader in enterprise application software, launched the SAP.iO No Boundaries initiative in January, with the goal of incubating underrepresented entrepreneurs to drive inclusive entrepreneurship and level the playing field. It plans to boost 200 such startups by 2023.

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David and Goliath: Large firms working with tiny startups

Big multinationals are increasingly bringing startups in-house or supporting them. Now software giant SAP plans to help out 200 startups founded by women and members of underrepresented minorities worldwide by 2023. SAP.iO Foundries is a worldwide network of startup projects. It has programs in Paris, Berlin, San Francisco, New York, Tel Aviv, Tokyo, Munich and Singapore. After selecting them through an application process, SAP supports young entrepreneurs with know-how and logistics.

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Ready, Set, Go: The ‘What’ and ‘Who’ of An SAP.iO Foundry Program

Originally published on Medium by Dima Durah

A typical SAP.iO Foundry program spans over 12-weeks and consists of one-on-one mentor meetings, focused workshops, executive visits, SAP customer visits, weekly status-update sessions, individual IT support and technical integration sessions (we have a dedicated expert on the team), individual business development sessions (we also have a dedicated BD expert on the team), a sprinkling of community events…all leading to Demo Day and it’s legendary after-party.

With SAP.iO Foundry, our mission is to help startups build “with” SAP, via integrations or APIs and provide startups with unprecedented exposure to SAP’s +400K customers. It’s no secret that Inclusive Entrepreneurship is high up on SAP.iO Fund and Foundries list of priorities and a big part of our mission. We want to empower women and minority entrepreneurs to build successful businesses around SAP.

We put together the #Noboundaries initiative to execute programs that can have real impact. After 3 months of planning and doubling our team size in EMEA, we’re excited to officially kickoff our Women and Diverse-led Tech Enterprise Acceleration program on Tuesday, 28 May in Berlin.

Below is an overview of what is planned for the next 12-weeks at the #FoundryBerlin.

More and more workshops, talks, and visits keep being added to the program. Our basic “programing” blocks are split into 4 segments each focused on a fundamental piece of a startup’s acceleration journey with SAP.

Are you ready for the next 12-weeks?

An overview of what the #FoundryBerlin team planned for the summer cohort

Behind this audacious plan, is a small yet effective team (small input, outsized output). The familiar faces/suspects are now joined by two new members — who have been working tirelessly to build a program that executes 1. on SAP.iO’s overarching mission and 2. adds real-value to the startups’ journey with and beyond SAP.

Our two latest additions to the team on the ground in Berlin are: Astrid Freier,SAP.iO Foundry Berlin Head and Miroslav Dimitrov, Foundry Berlin Program Manager.

We sat down with Astrid and Miroslav to find out their motives behind joining the #iOfamily and what they’re bringing to the table in terms of expertise, skills, and hidden talents.

Miroslav Dimitrov and Astrid Freier

Q. What made you decide to join the SAP.iO Foundry Berlin?

Astrid: I am a believer in the SAP.iO Foundry concept because it is a frontrunner for forward looking business models. The combination of: fund, accelerator, and the expertise of SAP and its customers with the added emphasis on “no boundaries initiative is very unique.

Miroslav:What first captured me was the mission — helping innovators inside and outside of SAP build products, find customers and change industries. It is very rare to have the opportunity to work with industry leading companies as well as small and innovative startups. Then, I got to meet the team behind this big initiative and I immediately know that I had to be part of it. Frankly, I cannot think of a better job that satisfies all my interests and at the same time gives me the opportunity to wear so many different hats.

Q. How can your unique background, set of skills, expertise, or network help the Foundries’ startups?

Astrid: I am excited to bring in my holistic view of business model and tech and financing/VC to help scale sustainable businesses.

Miroslav: My experience spans from being a consultant, helping our customers implement SAP software, to being part of the Presales Business Architect team, dedicated to advise our strategic customers in Eastern Europe with their digital transformation roadmaps and strategies. Therefore, I believe I can help them with b2b sales, business case development and GTM strategy.

Q. What is a SaaS tech trend/breakthrough you’re most excited about?

Astrid: There is still a lot of unlocked potential in AI and ML, especially when it comes to strategic customer value. If we can prove how much value was provided this will help our clients’ organizations align their marketing, sales, customer success, and product initiatives around these measurers to really drive customer value creation.

Miroslav: Not a SaaS trend, but it is tech trend I am most excited aboutQuantum computing. Although in its very early stages, I believe that this emerging technology would bring incremental change to a range of industries like automotive, chemicals, pharmaceutical and financial services, to name a few. In the long run, it could make the fastest supercomputer today look like an abacus. However, there is still a (very) long way to go.

Q. Who is your role model or #lifegoals?

Astrid: Ada Lovelance Byron, a mathematician of 19th century, who worked on Charloes Babbage’s proposed mechanical general-purpose computer.

Miroslav: Fictional one — James Bond (Daniel Craig), If you think about it, he operates in startup mode — he always ends up doing 90% of the work alone and he does it in style.

Q. Name a book that influenced you beyond words?

Astrid: It is Marc Uwe Kling’s Quality Landbecause he tries to think about our digital society in a futuristic way.

Miroslav: Skin in the game. I like how Nassim Taleb is arguing for/ ‘pro’ the idea that decision makers in all fields should be more accountable of the consequences of their actions — both positive and negative.

***

Prior to joining SAP.iO:

Astrid established and managed the digital ecosystem for Deutsche Bank across Germany’s major startup hubs. In addition to her corporate career, Astrid is also a founder focusing on AI and ML regulatory solutions for banking and insurance industries.

Miroslav is joining us from our field organization unit. He spent 3 years at SAP Bulgaria advising our strategic customers on their transformation projects. Before his stint at SAP, Miroslav was an SAP consultant team lead and project manager working on international implementations across Europe.

Walking the Talk: SAP Invests in Female and Diverse-Led Startups

In support of SAP’s commitment to the United Nation’s Global Goals, SAP.iO Foundries are supporting underrepresented founders in B2B tech. Meet the SAP.iO Foundry Berlin startup cohort and find out what drives them.

In January 2019, SAP announced SAP.iO No Boundaries, the first comprehensive, inclusive entrepreneurship initiative for underrepresented entrepreneurs in the business software industry, with a goal to support at least 200 startups around the world by 2023 founded or led by underrepresented entrepreneurs, including up to 40 percent of the investable capital in the SAP.iO Fund.

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SAP.io Foundry: Softwarekonzern stärkt Kontakt zu Gründerinnen

Um das eigene Produktangebot zu erweitern, setzt der Walldorfer Software-Entwickler auf Kontakte zu Start-ups. So organisieren mehrere internationale Förderprogramme des Konzerns jeweils für drei Monate Workshops und Mentoren-Treffen für junge internationale Unternehmen, die sich mit Software- und Tech-Innovationen befassen. Seit einer Woche arbeitet die sogenannte SAP.io-Foundry in Berlin mit sechs Start-ups, die speziell für Vielseitigkeit im Gründerteam stehen, wie der Konzern heute bekannt gab.
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