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In Foundries, Global, ERP & Finance, Network & Spend Management

5 Visionary Companies Leveraging Startup Innovation to Optimize Business, Finance and Operations Processes

SAP’s ERP, Financial Management, and Spend Management solutions help thousands of businesses increase efficiency and gain insight to guide their businesses by solving complex business problems. Since 2017, SAP.iO has been building an ecosystem of startup solutions to help customers extend the value of their investment in these SAP solutions and we’re proud that over 145 startups in our portfolio are integrated with SAP solutions including SAP S/4HANA and SAP Ariba and are available on the SAP Store. 

 

Each of the 5 companies featured below are staying ahead of the curve by leveraging startup innovation to optimize their business, finance, and operations processes. 

 

Decathlon & Trustpair: Reducing risk by detecting and preventing wire transfer fraud

Decathlon, a leading sporting goods retailer, teamed up with Trustpair to build a clean Vendor Master File and work with reliable supplier data to comply with Loi Sapin II regulations in less than 4 months. Today, Decathlon continues to prevent payment errors and reduce fraud risks by continuously auditing third party databases. 

Trustpair works with SAP S/4HANA, SAP HANA, and SAP Ariba and is available on SAP Store 

Bunge & Sedna: Harmonizing global supply chain communications 

Bunge has over 25,000 employees across 40 countries and was looking for new ways to bring their global supply chain team together. They used SEDNA’s intelligent communication system to harmonize workflows, processes, and information across the company – resulting in improved visibility and productivity. 

Sedna works with SAP S/4HANA Cloud & Industry Cloud and is available on SAP Store 

RWE Power & Pexapark AG: Customizing benchmarks and delivering insights for renewable energy prices   

RWE, a leading German energy company, required clear and up-to-date insights into the current market pricing of clean energy to scale their investment in renewable energy. They partnered with Pexapark to develop a customized pricing, analysis, sourcing, and monitoring solution that models forward pricing curves across European markets on demand. 

 Pexapark AG works with SAP S/4HANA and is available on SAP Store 

Dole & Clarifruit: Developing a next-gen quality control platform to target a 10% reduction in fruit loss 

Dole joined forces with Clarifruit to launch an innovative commercial partnership to automate their quality control processes and reduce fruit loss. By implementing an AI-powered solution, Dole can automatically collect inspection data, integrate it into their ERP system, and provide their leadership team with high-quality real-time information and analytics. 

 Clarifruit works with SAP S/4HANA and is available on SAP Store 

SAP & 4tiitoo: Leveraging eye tracking technology to improve employee ergonomics 

As part of their “pledge to flex” initiative, SAP worked with 4tiitoo to implement their AI-powered gaze control solution that provides employees with an innovative tool that helps improve ergonomics by reducing mouse movements and mouse-keyboard swaps. This new feature is already working to improve employee wellbeing, increase efficiency, and embed accessibility across business processes. 

 4tiitoo works with SAP S/4HANA Cloud and is available on SAP Store 

All trademarks are the property of their respective owners.

In Global, Venture Studio, Blog

Celebrating twelve months of Source Agent by SAP

Last spring, the SAP.iO Venture Studio welcomed a new employee-led venture to their portfolio: Source Agent by SAP. Time flies and with this big achievement just flying by, we wanted to talk to the growing team about their first year together and take a peek into its plans for the coming months.

The first 365 days

Starting a business is often a huge step. With just an idea and a vision starting to build from scratch requires great determination — but also handling a lot of uncertainty. However, it is an even greater feeling if one manages to build something that actually works. Transforming strategic sourcing for businesses into a web-based process that supports sourcing managers in their procurement strategy had been on Travis Mattern and Will Caseber’s mind for a while. It ultimately resulted in launching their journey as co-founders of their own venture, Source Agent by SAP, in 2021. They have since come a long way.

After participating in the six-month SAP.iO Intrapreneurship program, the two founders secured funding and started their branding process. Since then, the founding duo behind Source Agent by SAP hired their first employees, built a website and stepped up their social media presence, established a go-to-market approach, and built their concierge delivery model for opportunity assessments with help from the SAP.iO Venture Studio, SAP’s in-house incubator for employee-led ventures.

“Looking back, we did a lot in a short time with a small team. I think our biggest achievement was convincing customers to engage with us, to explore how they manage their sourcing function, and ultimately take a critical look at where they might have opportunities to save money for their organizations,” said Will, Head of Operations and Go To Market for Source Agent.

Challenges and learning along the way

Source Agent by SAP’s solution helps companies maximize the value of their eSourcing software investment and provides a holistic and personalized strategy to address spend intelligently and impress your stakeholders. The venture is currently on track to deliver a working version of their solution to help customers visualize their spend and strategically apply eSourcing in their business. But with so much work already done, what have been some of the challenges the team faced in the past year?

“With the current hot job market, hiring technical resources was — and is — very challenging,” said Travis, General Manager of Source Agent. “I did not anticipate it would take so long to find qualified resources.”

Hiring while working from home brings another challenge to the mix. However, as the old saying goes, good things take time and the team has since expanded from two co-founders to thirteen people today.

Even though Travis and Will knew the potential of their idea from day one, the true value of the approach became most apparent when talking with prospective customers.

“My greatest learning this year was the confirmation from prospects that we are bringing a new concept that is highly in demand by an underserved market.” Will said. “To give the best possible outcome, we use both the sourcing activity on the SAP Business Network and market data from our data partners. But this learning also increases the pressure for the team to move at pace.”

A peek into the future

With their first seven customers, the team is currently working hard on their solution and are eager to make moreprogress.

“We spent a lot of time in the first year establishing a brand, building a team, developing partnerships, and learning from customers via our concierge services,” Travis summarized. “We are now growing our development team to digitize our learnings and deliver on our vision of simplifying strategic sourcing.”

Thinking back about the first year of Source Agent by SAP, Travis recapped: “Our first year was stressful, yet very exciting.”

Well, we congratulate Source Agent by SAP to their first twelve months as an employee-led venture and are excited to hear about their next milestones and the ongoing partnership with the SAP.iO Venture Studio.

Happy first anniversary to Source Agent by SAP!

About Source Agent by SAP

Great sourcing shouldn’t be a secret. Source Agent by SAP gives you the insights and strategies to address spend intelligently and wow your stakeholders. Identify sourcing opportunities by aligning your spend to current market intelligence. Receive a targeted sourcing strategy and supplier recommendations based on your data and requirements for each spend category. Quickly convert strategies and plans into eSourcing event prep and execution. More on this venture on www.sourceagent.io/

About SAP.iO Venture Studio

SAP.iO Venture Studio drives a new era of organic growth at SAP. It invests in new ventures founded by small, entrepreneurial teams inside of SAP who are focused on building the future of enterprise business processes. SAP.iO Venture Studio provides design, development, and sales support to help these ventures launch. Founding teams join the SAP.iO Venture Studio primarily through the SAP.iO Intrapreneurship and Entrepreneur in Residence (EIR) programs. Find out more on www.sap.io/studio/

In Foundries, Global, Podcast

Alexa Gorman talks SAP’s open innovation strategy with Christoph Keese from hy – the Axel Springer Consulting Group

SAP is celebrating its 50th anniversary this year, but half a century is a long time for any company, especially for a software company. How do you stay up to date? As SVP and Global Head of SAP.iO Foundries & Intrapreneurship at SAP, Alexa Gorman is responsible for addressing these questions.

In the hy Podcast, Alexa talks to about these challenges and how SAP.iO helps innovators inside and outside SAP scale while creating value for customers, startups, employees and SAP.

For our German-speaking friends: Access Podcast here…

In Foundries, Global

5 companies reinventing their customer experience with startup innovation

Understanding your customers and engaging with them through personalized experiences is essential for any business. SAP.iO has been working with innovative startups from around the world to help extend our customers’ investment in SAP solutions for E-Commerce, Customer Data, Sales, Service, and Marketing. Today, over 40 SAP.iO startup solutions are integrated with SAP’s Customer Experience portfolio and are available on the SAP Store for customers to discover, learn, and adopt.  

We are proud to highlight 5 inspiring stories featuring companies that are delivering world-class customer experiences powered by startup innovation. 

 

McDonald’s & Wagawin: Bringing coupons online to increase customer engagement 

Wagawin helped McDonald’s switch from their traditional paper printed coupons to a digital version powered by their platform that integrates with SAP. Their recent campaign achieved more than 2 million ad impressions and provided McDonald’s with valuable insights on customer engagement and preferences. 

Wagawin works with SAP Commerce Cloud, SAP Customer Data Cloud, and SAP Customer Data Platform and is available on the SAP Store. 

Express & Jebbit: Driving a seven-figure sales increase by nurturing loyal shoppers  

Express was looking for a new way to deepen their engagement with their loyalty members. They partnered up with Jebbit to understand customer preferences by providing members with monthly quizzes and challenges that featured incentives like bonus points or monetary credits. While Express initially planned to deepen engagement, rather than conversion, they successfully brought in seven figures of revenue between direct and incremental sales resulting from this program. 

 Jebbit works with SAP Emarsys Customer Engagement and SAP Customer Data Platform and is available on the SAP Store. 

Lidl & parcelLab:  Personalising delivery to build loyalty and increase returning website traffic by 85%  

With the help of parcelLab, Lidl was able to increase customer loyalty by delivering automated, personalised shipping messages to their customers. This new experience resulted in 85% of customers returning to Lidl’s webpage and a 12% increase in average basket size. 

parcelLab works with SAP Commerce Cloud and SAP Upscale Commerce and is available on the SAP Store. 

Werder Bremen & Pico: Deepening fan relationships 

Werder Bremen of the Bundesliga is one of the oldest German professional sports clubs with over 40,000 active members and nearly 2,000,000 loyal fans. They worked with Pico to deepen these relationships by creating an automated service to provide fans with unique options for redistributing tickets issued for games that were cancelled due to the COVID-19 pandemic. 

Pico works with SAP Customer Data Cloud and is available on the SAP Store. 

Unilever & Teamcore: Analysing and prioritising retail tasks to boost sales 

Unilever found it challenging to manage all the information of the thousands of products and understand what happens in retail stores once products are delivered. By leveraging Teamcore, they now analyse and prioritise huge data sets to accurately understand the reality of what is happening in each store. In addition, the solution automatically generates proactive reminders for tasks like rotating merchandise that leads to improved KPIs and better communication between the retail stores and corporate office.  

Teamcore works with SAP Sales Cloud and is available on the SAP Store. 

All trademarks are the property of their respective owners.

In Blog, Global, Venture Studio

Did you catch all our latest SAP.iO Venture Studio highlights?

SAP.iO sign

October — December 2021 | Achievements & News from SAP.iO Venture Studio

SAP.iO Venture Studio drives a new era of organic growth at SAP. It empowers entrepreneurial teams inside SAP to turn innovative ideas into profitable businesses and invests in these new employee-led ventures who are focused on solving some of the biggest problems in enterprise business processes. SAP.iO Venture Studio helps start and scale new ventures by providing design, and development and sales support. Find out more on sap.io/studio.

Brilliant Hire by SAP

rilliant Hire by SAP intelligently matches candidates with a personalized shortlist of jobs on your careers page based on what really matters to them, using Artificial Intelligence (AI).

  • Brilliant Hire received follow-on funding! Discover what the successful validation of the venture’s three-year product roadmap means for solving customers’ challenges in recruiting.
  • Thanks to AI, Brilliant Hire by SAP is able to simplify the recruiting process as announced in SAP TechEd’s News Guide 2021. Read here how AI is at the center of recruitment processes by SAP SuccessFactors with Brilliant Hire by SAP as a major component.
  • Best-in-class organizations are increasing the use of AI throughout their recruiting process which is exactly what Brilliant Hire by SAP expected. Learn more about AI in the recruitment process and what the venture’s General Manager Jeanine LeFlore has to say on it on Forbes here.
  • As the venture continues its success story, they are now actively looking for Developers, Project Managers, Engineers, and Analysts. Find all open positions on SAP.iO.

More on this venture on https://www.brillianthire.io/

EverLoop by SAP

verLoop by SAP aims to empower every business on the planet to achieve zero waste by being a sustainability solution that connects stakeholders across the waste value chain to enable the circular economy, with transparency and traceability.

  • The venture, its business idea and product development were discussed in a feature in national newspaper Times of India: A big moment for EverLoop by SAP after two years of delivering their solution to the market and help customers managing their e-waste and achieve zero.
  • Join the team as a Developer UI and apply now on SAP.iO.

More on this venture on https://www.ever-loop.io/

Feather by SAP

eather by SAP is an end-to-end recommerce solution that support brands and retailers that want to accelerate the shift from linear to circular business by taking ownership over their recommerce activities. Facilitate the in-house business processes, capture data, engage with the shopper, and own the end-to-end product life cycle.

  • We have a new kid on the block at SAP.iO Venture Studio! Feather by SAP finalized naming and branding and has a sparkling new brand identity: Check out their website and follow on LinkedIn.
  • The official investment announcement introduced the venture and its product’s benefits for SAP customers.
  • As part of SAP’s venture arm SAP.iO, Feather by SAP was also discussed as one of SAP’s sustainability software solutions. Read more news here.
  • Do you want to shape the future of a new venture? Feather by SAP is looking for a Frontend Developer, Full Stack Developer, Data Scientist, UX Designer, and Product Owner and they have numerous fellowship positions available. Find all open positions here.

More on this venture on https://www.featherbysap.io/

GreenToken by SAP

reenToken by SAP is a supply chain solution that offers companies new levels of transparency through reliable, blockchain-based information. Gain visibility into where raw materials came from and produce products with knowledge about where and how the materials were produced, even in complex, non-batch supply chains.

  • The venture looks back at a successful year with an exciting feature in SAP’s CEO opening keynote at SAPPHIRE NOW 2021, and more outings and media mentions, including:
    • Numerous LinkedIn articles and posts with over 70,500 views in total
    • Inspiring external speaking engagements
    • Features in external media articles in 2021, including Frontier Enterprise and Crypto News BTC
  • Congratulations are in order! The venture was nominated for Hasso Plattner Founders’ Award 2022 and is among the last 9 finalists. Check out the nomination video and announcement of the finalists.
  • GreenToken by SAP can also track hydrogen across supply chains to help businesses determine whether it is truly green. Need more on how on GreenToken by SAP’s supply chain solution can contribute to reducing current logistics challenges for the fuel of the future? Read more on the Wall Street Journal.

More on this venture on https://www.green-token.io/

Paid Promptly by SAP

aid Promptly by SAP drives cash into your business faster by automating receivable processes. Deliver a seamless, personalized, customer experience through Paid Pronto’s automated communication solution, beginning when an invoice is first released until payment is received.

  • Paid Promptly by SAP automates receivables to drive cash into businesses faster and sets a focus on customer correspondence. Listen to SAP’s Chief Financial Officer Luka Mucic and get a first glimpse of the importance of their work in this video
  • The venture has a big influence on SAP’s cash collection. This video shows how SAP has optimized this process with Paid Promptly by SAP.
  • Interested in working at this venture? They are looking actively for a Senior Full Stack Engineer.

More on this venture on https://www.paidpromptly.io/

Source Agent by SAP

reat sourcing shouldn’t be a secret. Source Agent by SAP gives you the insights and strategies to address spend intelligently and wow your stakeholders. Identify sourcing opportunities by aligning your spend to current market intelligence. Receive a targeted sourcing strategy and supplier recommendations based on your data and requirements for each spend category. Quickly convert strategies and plans into eSourcing event prep and execution.

  • Want more entrepreneurial insights into founding and scaling a business? The ventures’ co-founder Travis Matter and Will Caseber talked about their personal journey with Source Agent by SAP and SAP.iO. Read about their experiences here.

More on this venture on https://www.sourceagent.io/

In Blog, Global, Venture Studio, Funding Announcement

Brilliant Hire by SAP Shines Bright in Venture Capital Round

By Jacqueline Prause, SAP Global Content Team

The future shines bright at Brilliant Hire by SAP, a dynamic startup that believes in giving job candidates the agency to bring their whole selves to the companies of their dreams. Fresh off a round of venture capital funding, the employee-led startup has been given an extended runway to execute on its ambitious product vision for the talent acquisition market.

The new round of Series A funding, awarded by principal investor SAP, comes as businesses are struggling to fill jobs left open as a result of the global phenomenon known as the Great Resignation. Hiring has never been more fast-paced and competitive, with recruiters bearing the brunt of the pressure to hire workers more efficiently and achieve new standards for quality of hire. To gain an edge in attracting qualified and diverse job candidates, businesses are increasingly integrating AI-powered solutions in their talent acquisition strategy.

SAP is stepping up to address this need on behalf of customers that run SAP SuccessFactors Recruiting with an infusion of venture funding for Brilliant Hire by SAP, an employee-led startup in the SAP.iO Venture Studio, an innovation hub that helps employees start up and scale with SAP. As an organically innovated solution, Brilliant Hire by SAP brings customers the advantage that it integrates with and is developed in parallel to SAP SuccessFactors.

Delivering the Candidate-First Experience

With the successful validation of Brilliant Hire’s three-year product roadmap, Jeanine LeFlore, General Manager, Brilliant Hire by SAP, says the team is already building out the solution with new features to address some of the toughest challenges in recruiting. For many recruiters, providing an amazing candidate experience is now top of the agenda.

“The industry is at a crucial juncture right now,” LeFlore says. “Delivering a powerful candidate-first experience is paramount to the success of any company in the talent acquisition landscape today. At Brilliant Hire, we put the candidate at the core of everything we do, and this in turn is what drives the highest value for our customers.”

LeFlore sees the next stage of development as a golden opportunity to leverage the momentum Brilliant Hire generated in 2021. The team plans to build out its vision for an intelligent data platform that enables recruiters to develop authentic relationships with both active and passive candidates, while using data to create personalized journeys for candidates. She says, “We are seeing tremendous traction in the recruiting space with our smart job matching AI/ML- powered technology, and we’ve just scratched the surface. With this new round of funding, we will double down on building the most compelling candidate-first experiences that connect recruiters with both active and passive candidates — to meet them in their environment, rather than making candidates have to search.”

Attracting More Qualified and Diverse Talent

For companies seeking to hire more qualified and diverse talent, Brilliant Hire by SAP helps increase the visitor-to-applicant ratio on careers sites and empowers diverse candidates to apply for roles best fit to their qualifications. In an example of how SAP runs SAP, the global software company runs Brilliant Hire on its career page, which is a vital hub for the one million-plus members of its talent communities.

“With Brilliant Hire by SAP, we are able to leverage AI to elevate the candidate experience and help candidates find the SAP job that is best fit to their skills,” says Elke Manjet, Global Head of Talent Attraction, SAP, and Member of the Executive Board of Advisors for Brilliant Hire. “We are seeing strong results from our use of Brilliant Hire’s smart job matching feature, both in terms of KPIs and qualitative feedback from candidates. Candidates really like that they can immediately see if they are a strong match for an open position or if they qualify for other positions they had not considered — so that the best-fit jobs find the candidates and not the other way around. We want people to have an amazing experience along their SAP journey from the start, and we do that by presenting the very best of SAP technology and innovation.”

Brilliant Hire by SAP offers a pilot of smart job matching for SAP SuccessFactors customers on SAP Store with self-sign-up for customers in the U.S., Germany, and India. The team recently presented smart job matching during its Be Brilliant! webinar series, available for on-demand viewing here.

What is Series A funding for an intrapreneurial venture?

The SAP.iO Venture Studio supports employee-led ventures from small, entrepreneurial teams. Although these ventures are housed within SAP, they experience all the same growth opportunities and challenges that are typical for startups, including technology innovation, market fit and funding.

“Series A funding for an intrapreneurial venture is not unlike funding for an external startup,” says Ram Jambunathan, senior vice president and general manager, SAP.iO Venture Studio. “Our approach is to ‘build fast and learn things.’ Investments are made based on achieving aggressive milestones aligned to product development and business execution. Each venture in the Venture Studio has an executive board that holds it accountable to meeting milestones. What makes the Venture Studio such an exciting opportunity for SAP employees is that we empower employees to drive and own the progress and success of their venture. The Venture Studio provides an incubator environment that offers these ventures runway to develop transformational solutions that will ‘future-proof’ SAP and its customers.”

From Pilot to Venture — The Story of Brilliant Hire by SAP

The story of Brilliant Hire by SAP began with a passion for creative problem-solving, when a small team of developers at SAP Labs India pitched the winning solution at an SAP internal hackathon in 2016. It was the start of a remarkable entrepreneurial journey for the team and their pilot project.

“The inspiration for Brilliant Hire came from our own hiring experience,” says Hemant Shetty, co-founder, Brilliant Hire by SAP. He recalls his astonishment as he was interviewing many candidates to scale the team. “There was a 90 percent rejection rate in the first round of interviews. We realized that finding the right candidate is like finding a needle in a haystack.”

The experience gave the team insight into the pitfalls of the hiring process and opened the way for the launch of Brilliant Hire by SAP, which found seed funding after a successful pitch to the SAP Innovation Center Network (ICN) in 2017. “Hiring is time consuming and it includes human unconscious bias. At Brilliant Hire, we wanted to solve this and create experiences for recruiters as well as candidates,” Shetty says.

In 2018, the team joined the SAP.io Venture Studio to begin working full time on Brilliant Hire by SAP as an independent venture. Brilliant Hire has grown from a three-person pilot to a dynamic team of twenty passionate experts spread across India and the U.S., who bring a diverse range of experience to solving challenges in recruiting. With its third round of funding, Brilliant Hire by SAP shines a bright light on the possibilities for AI to elevate the candidate experience in talent acquisition.

“We believe in creating a world where a candidate’s dream job finds them,” says Swetha PB, co-founder, Brilliant Hire by SAP. “We’ve focused on building an intelligent and inclusive platform that provides companies the ability to build authentic relationships with candidates they want to hire and candidates to own their successes.”

The future of talent looks bright indeed at Brilliant Hire by SAP!

About Brilliant Hire by SAP

Brilliant Hire by SAP is a dynamic startup in the HR Tech space with teams in San Francisco and Bangalore. It offers an AI-powered application that integrates with SAP SuccessFactors to deliver a more personalized and inclusive candidate experience on companies’ careers sites, and streamline processes for recruiters. Brilliant Hire by SAP is a venture within the SAP.iO Venture Studio.

Find out more on www.brillianthire.io

About SAP.iO Venture Studio

SAP.iO Venture Studio drives a new era of organic growth at SAP. It invests in new ventures founded by small, entrepreneurial teams inside of SAP who are focused on building the future of enterprise business processes. SAP.iO Venture Studio provides design, development, and sales support to help these ventures launch.

Find out more on www.sap.io/studio

In Foundries, Global

5 Visionary Companies Transforming Their Supply Chains with Startup Innovation

Now more than ever, businesses need to respond effectively to changes in supply, demand, and market conditions – and we’re proud that over 25 SAP.iO startup solutions for supply chain management are integrated with solutions like SAP S/4HANA and are available on SAP Store to help our customers become more agile.

In this round-up, we’re proud to highlight 5 stories featuring visionary companies that are working with startups to transform how they manage their supply chains.

 

Coca-Cola Hellenic & Shippeo: Leveraging real-time transportation visibility for logistics operations

Coca-Cola Hellenic worked with Shippeo to improve functional efficiency and simplify their operations. By leveraging real-time transportation visibility powered by Shippeo, they were able to improve collaboration with carriers to improve service levels, reduce transportation costs and simplify back-office activities.

Shippeo works with SAP Industry Cloud & SAP Logistics Business Network and is available on SAP store.

Anheuser-Busch & Wise Systems: Proactively planning out deliveries and reducing late deliveries by 80%

Anheuser-Busch collaborated with Wise Systems to optimize its delivery network in record time. By replacing manual planning with an app-based delivery routing platform, Anheuser-Busch was able to reduce late deliveries by 80% and reduce their fuel costs by 6% year-over-year.

Wise Systems work with SAP S/4HANA & Industry Cloud and is available on SAP Store.

Danone & Flowlity: Optimization of raw materials and packaging in the food industry

Danone, a world leading food company, worked with Flowity to optimize its stock levels and increase the accuracy of their consumption forecasts. By deploying Flowlity, Danone is now able to dynamically adjust their safety stock and replenishment, resulting in a reduction in shortages and inventory levels.

Flowlity works with SAP ERP & SAP S/4HANA and is available on SAP Store.

Unilever & Scantrust: Farm-to-Fork Traceability with QR codes

Unilever worked with Scantrust to differentiate their products from their competition and validate origin statements by introducing a blockchain-powered traceability solution. By embedding QR codes on their packaging that linked to Scantrust’s gateway containing farm-to-fork details, Unilever was able to develop a new level of trust with their consumers and increase sales for their food and beverage products in Vietnam.

Scantrust works with SAP Logistics Business Network & SAP Industry Cloud and is available on SAP Store.

EnergyAustralia & NET2GRID: Unlocking new revenue streams for EnergyAustralia

EnergyAustralia was looking for a way to analyze energy data in order to empower their customers to take actionable measures to reduce their electricity bills. They worked with NET2GRID to connect smart meter data with a consumer-facing app that resulted in greater customer engagement and increased customer loyalty.

NET2GRID works with SAP Industry Cloud, SAP Extension Suite and SAP Integration Suite and is available on SAP Store.

All trademarks are the property of their respective owners.

In Venture Studio, Blog, Global

Dedication for progress: From employees to co-founders

A good idea is based on a combination of intuition, customer understanding and experience. Fortunately, Travis Mattern and Will Caseber have just that. While they’ve been long-time SAP employees, they have proven their entrepreneurial spirit and founded the employee-led venture Source Agent by SAP. With the upcoming Entrepreneurship Day on November 16, 2021 in the US, we thought it would be great to hear from them on their entrepreneurial journey firsthand.

Working as a senior director in the global sales operations team at SAP Ariba, Travis was not actively trying to become a founder. But this all changed when he came across an internal tool that classifies the suppliers of a company in a matter of hours. After encountering the tool, he realized its potential — especially if it could be given to customers directly. With this idea in mind, Travis entered his idea into the SAP.iO accelerator program for employees shortly before the deadline in 2020 and was accepted.

“To be honest, I really had no idea who the SAP.iO team was, what the SAP.iO Intrapreneurship program really was all about,” he said. “But when I was accepted, I learned a lot through that fast-track program and really ended up pivoting the idea through that process.”

Will Caseber joined Travis right before the accelerator program started. With more than 20 years of experience in procurement and sourcing, he was the perfect fit with the right expertise.

“When I last worked with supplier classification as a value advisor, the process was highly manual, and it would take the better part of probably three to four weeks to complete,” Will said. “Travis made the point using this automated process as an entry to sourcing-as-a-service; with the vision of delivering and engaging with customers in a different way, a digital way that aligns with SAP’s corporate strategy. That got my attention. And that’s something that evolved throughout the entire accelerator program.”

A long way to go

Going through the accelerator program with coaching, pitches and weeks of deep focus, Travis and Will received their first investment and founded the venture Source Agent by SAP. Since then, they have worked tirelessly on transforming sourcing into a web-based purchasing process that supports buyers in their procurement strategy. Being the two people in charge of a venture was not only exciting but also challenging. Travis explained that even with the first round of funding he was constantly thinking about the next steps and how to handle the complexity of his new role.

“We have to cover all elements of the business: budgeting, branding, going-to-market, building a product, finding customers, HR, and finance,” he said. “And I am still trying to figure out the best way to build the right culture within the team. I’m constantly challenged with where to spend my time best each day.”

Will said that his biggest challenge was the lack of tangibility of their product.

“In the early stages we were pitching a dream as opposed to an actual product and that’s a challenge. But we’re living the dream now and we’re getting some traction and recently had first customer traction,” he said.

First achievements

Even though the co-founders needed to focus on many issues simultaneously, there were moments in which both could feel their progress and enjoyed the payout of their hard work. Travis felt this acutely when Source Agent by SAP went live.

“For me, a key moment was when we went live with the website, created our LinkedIn company, and updated our personal LinkedIn profiles. This was our way to tell the rest of the world: Hey, we’re doing this!” Travis said.

Co-founder Will, on the other hand, associates this feeling with when the team was able to sign their first contract.

“We have been pitching the concept for quite a few weeks but you’re still unsure whether or not they’re going to make the decision,” he said. “When they came back with a signed contract it was now very real. We have a company that’s put their trust in us and now we have to deliver.”

Personal progression

After eight months of intense work, Travis and Will are now enthusiastic co-founders with a team of eight members and their first customers. It’s not only their job description that changed but also their way of working and of appreciating what they are doing.

“I’ve noticed I’m more inspired when I enjoy the work that I’m doing and I feel like it has more purpose. It has definitely been an awesome experience,” Travis said. “We’ve got the corporate safety net but we do have the independence to run it like our own business within SAP.”

Will thinks back to the moment he recognized the importance of the team: “It’s getting your ego out of the way, and kind of focusing on the team delivery aspect and realizing that you may not be able to convince every customer to convert and take on.”

Travis’s and Will’s journey was challenging and eventful, and it still is. By staying on track with the help of the SAP.iO Venture Studio they didn’t lose sight of their goal: To simplify and automate sourcing to help all businesses run better. And with their first customers today, their dream becomes more and more reality.

Great sourcing shouldn’t be a secret. Source Agent by SAP gives you the insights and strategies to address spend intelligently and wow your stakeholders. Identify sourcing opportunities by aligning your spend to current market intelligence. Receive a targeted sourcing strategy and supplier recommendations based on your data and requirements for each spend category. Quickly convert strategies and plans into eSourcing event prep and execution. More on this venture on www.sourceagent.io/

SAP.iO Venture Studio drives a new era of organic growth at SAP. It invests in new ventures founded by small, entrepreneurial teams inside of SAP who are focused on building the future of enterprise business processes. SAP.iO Venture Studio provides design, development, and sales support to help these ventures launch. Founding teams join the SAP.iO Venture Studio primarily through the SAP.iO Intrapreneurship and Entrepreneur in Residence (EIR) programs. Find out more on www.sap.io/studio/

In Article, Global, Portfolio News, HR & People Engagement

5 Innovative Companies Transforming Their Employee Experience with Startup Innovation

Since 2017, our team has been scouting and accelerating innovative startups from around the world with the goal of helping the world run at its best. Today, over 30 solutions from startups in our portfolio are integrated with SAP SuccessFactors and are available on SAP Store. These solutions are uniquely positioned to solve some of the most important challenges facing businesses today that will define a new era in the future of work.

Taking charge of change requires a bold vision and we’re deeply inspired by the five stories below that demonstrate the art of the possible when working with startups to put people at the center of how we work.

 

Nestlé & Pulsifi: Finding Top Talent with AI & Predictive Analytics

Nestlé Malaysia & Singapore received a huge number of applicants for their popular Management Trainee Program and faced a lack of data consistency, a long screening process, and unmet requirements. They worked with Pulsifi, a people data platform, to better understand candidates’ behavior with 97% accuracy and improved efficiency in the processing of candidates by over 70%.

Pulsifi works with SAP SuccessFactors Recruiting and is available on SAP Store.

GE Healthcare & Immerse Learning: Transforming Radiography Training Through VR

GE Healthcare was able to increase the quality and number of practical training hours for their radiographer trainees with the help of Immerse Learning. Together, they created a VR environment that helped enable faster training processes and real-time tracking to enable instant review and feedback on performance.

Immerse Learning Limited works with SAP SuccessFactors Employee Central and is available on SAP Store.

ENGIE & Andjaro: Improving operational performance by identifying and redeploying internal talent at scale

ENGIE, the world’s third largest energy company, was struggling with developing a systematic and flexible approach for managing their field technicians and reducing inter-project periods. With the help of Andjaro’s operational performance tool, ENGIE was able to reclassify 94% of its available technicians, reduce their interim costs, and improve inter-agency collaboration.

Andjaro works with SAP SuccessFactors Employee Central and is available on SAP Store.

Stanley Black & Decker & 360 Learning: Improving ROI of Training Programs

Stanley Black & Decker chose 360 Learning to empower and enable trainers to create programs in real time and receive feedback in an easy-to-use platform. By using 360 Learning, their trainers now produce programs in 2 hours compared to a process that would have previously taken several weeks.

360 Learning works with SAP SuccessFactors Learning and is available on SAP Store.

Bentley Systems & Plum: Driving Equitable Talent Decisions Based on Proven Science

Bentley Systems is leveraging Plum’s predictive data-driven platform to capture candidates’ skills to enable better hiring decisions. Plum’s insights are presented in their SAP SuccessFactors Recruitment Dashboard so hiring teams can quickly evaluate external candidates, match them to open roles, and reduce bias in the hiring process.

Plum works with SAP SuccessFactors Recruiting and is available on SAP Store.

Interested in collaborating with a startup in our portfolio? Let us know!

 

All trademarks are the property of their respective owners.

In Blog, Global, Sustainability

Navigating to Zero with Startup Innovations in Sustainability

The 2021 United Nations Climate Change Conference, also known as COP26, is currently being held in Glasgow, Scotland under the co-presidency of the United Kingdom and Italy. The focus of the conference is to work towards securing global net zero by mid-century keeping 1.5 degrees within reach, adapting to protect communities and natural habitats, mobilizing finance, and working together to accelerate an action plan. It is a topic that is of utmost importance and we see action being taken globally across all types of businesses and industries to use innovations to support more sustainable ways to live and do business.

 From consumer to enterprise to federal government action

An economic transformation is underway that can be attributed to new sustainability practices, a call to action that is changing the future of business. Regulatory committees, investors, consumers, and employees increasingly call for more socially, environmentally, and economically responsible goods and services. The market is seeing consumers requesting sustainable products and services through their buying behavior. Evidence to which we can see in the numbers. According to a STERN Center for Sustainability Business report, products marketed as sustainable grew more than five times faster than conventionally marketed products and three times faster than the CPG market. When given choice, today’s consumer is more likely to select the more environmentally responsible option.

Sustainability has become a critical topic for enterprises to reduce emissions and waste, increase circularity, and use socially responsible practices throughout product lifecycles. Simply put, business leaders are listening to the customers’ call to buy sustainable products and are looking to address how to make sustainability profitable. Accenture’s CEO study confirmed that 99% of CEOS from companies with $1+ Billion in annual revenues believe sustainability is important to the future success of their business. When it comes to the workforce, research into workplace priorities of Millennial and Generation Z employees has found they rank sustainability as a leading concern when evaluating the companies they choose for employment. Sustainability matters, from the products you make and how you make them, to the type of talent you can attract can all hinge on your company’s sustainability model.

Even federal governments are stepping in to take action. Recently an alliance of German companies, including SAP, called for more tangible measures for climate protection from the federal government. The companies said in a joint statement that Germany must be put on a “clear, reliable and predictable path to climate neutrality.” Besides SAP, other participants include Allianz Insurance, Eon, Bayer, Adidas, General Electrics, Deutsche Post, and Ikea. With governments requesting action, there is a huge opportunity to engage technologies that optimize carbon emissions, increase operational efficiency by activation of circular business processes, and connect with socially responsible partners to help organizations make better informed decisions.

Among CEOs that see sustainability as a driver in the future is SAP’s own Christian Klein, stating, “Sustainability is no longer optional but has become key to the long-term success of any business. It’s about defining new competitive advantages, lowering risks, building resilience to pricing regulations, gaining ground with investors, and being ahead of emerging consumer demands.” Earlier this year, SAP launched its Chasing Zero movement focused on using the power of technology to create a world of ZERO emissions, ZERO waste, and ZERO inequality. In support of SAP’s initiative and in response to new sustainability requirements of the market, SAP.iO engages globally with the latest startup innovations to deliver on the vision of helping customers gain insights into their carbon footprints, material flows, and diversity and inclusion initiatives.

We run programs to accelerate startups focused on sustainability.

From the consumer to the enterprise to federal government action, our startup innovation has it covered. The SAP.iO team has the privilege of partnering with startups whose technology assists organizations as they shift their priority towards sustainability. During our partnership with these companies, we bring them together with SAP customers and can learn firsthand what resonates and what solutions meet the industry’s ever-changing needs. Alone this year’s fall / winter cohorts support a wide variety of sustainability goals:

  • Foundry Singapore’s Future of Work Program focuses on helping customers increase the value of their workforce by developing, managing, engaging, and empowering their people to develop a skilled, healthy & inclusive workforce.
  • Foundry Munich’s New Mobility Program is helping customers manage connectivity in transport, fleet management, charging and battery management, and automated and autonomous driving. Solutions that enable incremental steps towards sustainable mobility for urban, sub-urban and intra-urban mobility needs.
  • Foundry New York’s Sustainability in Retail & Consumer Program helps customers in the Retail, Consumer Products & Fashion industries drive sustainability across the value chain, including circular packaging, responsible & ethical sourcing, and responsible design & production.
  • Foundry San Francisco’s Sustainability in Energy & Natural Resources Program supports customers in the Energy and Natural Resources industries build sustainable businesses, improve experiences, and manage their environmental footprint and sustainability goals, including compliance, regulation, tracking, & carbon trading.
  • Foundry Paris’s Circular Economic Program helps drive circularity for customers in service industries such as passenger & cargo travel and engineering construction and operations by helping redefine the design, production, demand, and supply of products through their use cycles for reusability, waste reduction, and new value creation.

What we’ve seen:

This past spring SAP.iO Foundries Berlin & Munich teamed up with Accenture on a Sustainability focused startup program to help address critical challenges across industries and create a positive impact on both society and business. The main objective of our collaboration was to attract the world’s most talented founders by providing the perfect environment to grow their business. Combining Accenture’s industry expertise and specialized skills, with leading SAP technologies, expert mentors, and APIs, we will be able to jointly identify innovative use cases and startups that have the potential to transform our global economy into one that benefits all stakeholders. You can take a closer look at the innovative companies that participated here. In working with Accenture and our startups we were able glean important information which we compiled in our thought leadership paper entitled: Sustainability: The Next Digital.

Drive sustainable impact with SAP.iO startup solutions

How is this done? How do we begin to steer the ship in a direction that will meet all our sustainability goals? In working with SAP customers and SAP.iO startups, we’ve seen that the desire to impact this matter coupled with the innovative technology needed to turn the tide, but it must be looked at as a journey instead of a destination. Industries and companies are at different stages of maturity, with requirements in other areas across teams. The challenge is how to make sustainability profitable.

The good news is as an SAP customer you can act now; you don’t have to wait; we can help move you along this journey faster. How? We start by initiating an innovation session to define and prioritize the critical sustainability areas. Then we leverage our experience and startup ecosystem to discover innovative solutions specifically for your business and provide the opportunity to meet with startups to learn about their solutions. Then you can pilot and implement startup solutions that will help achieve your sustainability ambitions.

This post was originally published by Alexa Gorman on LinkedIn. To learn more about SAP.iO sustainability programs, you can visit sap.io/sustainability.

In Blog, Global, Venture Studio

How startups can help to create a positive impact on society and business

A good product is no longer enough to win a customer. Sustainability has become the new compass for companies worldwide and has gained enormous importance over the years.

“There is no doubt that sustainability is a key piece of the strategy of most successful companies moving forward, if not all of them,” said Gunther Rothermel, Head of SAP S/4HANA Sustainability.

This increased focus on sustainability has impacted both consumer behaviour and employer branding. According to a global report from The Economist Intelligence Unit and the World Wildlife Fund, global online searches for sustainable goods have increased by 71 percent increase over the last five years, triggering what’s been called an “eco-awakening.”

Not only that, but employees are placing more value on finding responsible and sustainable employers. The global pandemic has only accelerated this demand for sustainable actions, a sense of urgency for businesses to improve their sustainability credentials.

 

What customers want

For customers on their journey to build a more sustainable enterprise, there are three goals to keep in mind:

Software technology can help with these challenges by collecting, analyzing, and providing insights based on that data.

But no company, government, or country will solve the greatest challenges of our time alone. To succeed, companies need to collaborate across value chains, build alliances, and work together with governments and academia.

Global challenges require global solutions

The partnership between SAP and Accenture shows what is possible when two leading companies join forces to help their customers stay ahead of this global transformation.

Together, SAP and Accenture launched the “Sustainable Future” accelerator program with 13 selected startups from eight countries at the SAP.iO Foundries Berlin and Munich. The joint program aimed at helping early-stage B2B startups drive digital transformation and innovation in four target areas: carbon tracking and trading, resource efficiency, climate risk tracking and mitigation, and the circular economy.

“The ‘Sustainable Future’ cohort represents an innovation engine, meant to be leveraged by customers,” said Stephanie Guimbellot, Managing Director and Global SAP Sustainability Lead at Accenture, during a panel discussion at the closing Demo Day.

This collaboration is the latest in a series of initiatives from Accenture and SAP that help businesses support the UN Sustainable Development Goals (SDGs) and capture value from sustainability.

“We are entering the decade of action,” Guimbellot said, adding that today’s companies need to modify their business models to have a real impact on sustainability. “Technology will be an absolute must to reach the SDGs.”

This also means that startups are crucial in this process, across all industries.

“Sustainability will be an ecosystem where startups play an important role as they complement existing offerings with specialized technology,” she said.

How startups can help accelerate the sustainability journey

During the Demo Day, startups Astraea, Carbon Minds and Footprint had the chance to present their solutions and first projects with customers.

Astraea hails from Charlottesville and leverages unique big data from air quality sensors to geospatial analysis for real-time insights and workflow automation toward climate risk tracking and mitigation. In a first integration case with SAP’s Industry Cloud for Agriculture, Astraea will focus on providing satellite-derived data and indexes by field to enable seasonal planning on field level reflecting upcoming growing cycles.

Founded in Cologne, Carbons Minds provides integrated capabilities for holistic steering and reporting that helps companies measure, reduce, and offset CO2 emissions across their supply chain. The team is currently planning a project with a global pharmaceutical company to identify emission hotspots, find efficient mitigation options, and support the sustainable product development.

The third startup which showcased its superpower at the Demo Day was Berlin-based Footprint. Their software allows online shoppers to measure their feet with their smartphones and order the right shoe size, reducing returns, costs, and emissions. As part of their SAP.iO journey, Footprint is exploring collaboration opportunities with a German shoe and fashion retailer in SAP Commerce Cloud.

Check out the other ten startups that were part of the “Sustainable Future” program:

Stay tuned for more exciting customer projects and integrations coming out of this cohort. If you are a startup and want to participate in one of the upcoming SAP.iO programs, learn more and apply now!

About SAP.iO
To learn more about how SAP.iO is helping innovators start up and scale with SAP, please visit https://sap.io/.

In Blog, Global, Venture Studio

Did you catch all our latest SAP.iO Venture Studio highlights?

July — September 2021 | Achievements & News from SAP.iO Venture Studio

SAP.iO Venture Studio drives a new era of organic growth at SAP. It invests in new ventures founded by small, entrepreneurial teams inside of SAP who are focused on building the future of enterprise business processes. SAP.iO Venture Studio provides design, development, and sales support to help these ventures launch. Find more on sap.io/studio.

Autumn is upon us which means another three months have passed! Despite the summer break in many regions of the world, SAP employees have continued to take charge of their venture, pursued the freedom to shape their own strategy and taken their own decisions, also accelerating their own personal growth. Find the highlights of recent events and developments below:

 

The SAP.iO Venture Studio has welcomed a new venture to their portfolio. Yet to be named, it already had its first outing back at SAP’s customer flagship event.

We’ll share more on the venture soon!

Brilliant Hire by SAP

Brilliant Hire by SAP intelligently matches candidates with a personalized shortlist of jobs on your careers page based on what really matters to them, using Artificial Intelligence (AI).

  • Brilliant Hire is now live on the SAP Store!
  • Despite already having mentioned their latest video in last quarter’s edition, we nevertheless wanted to highlight it once more. Watch and read how their product elevates the candidate experience with smart job matching.

More on this venture on https://www.brillianthire.io/

GreenToken by SAP

GreenToken by SAP is a supply chain solution that offers companies new levels of transparency through reliable, blockchain-based information. Gain visibility into where raw materials came from and produce products with knowledge about where and how the materials were produced, even in complex, non-batch supply chains.

  • After featuring prominently in the global opening CEO keynote at SAPPHIRE 2021 and announcing their collaboration with Eastman Chemicals, the partners got together for yet another project, in the form of a 24-hour hackathon. Read more on the event in this blog post on LinkedIn: 24 hour Hackathon delivers cool consumer ‘App’​
  • Further, Eastman also strengthened their commitment to GreenToken and a more sustainable future by mentioning the venture in their quarterly update for investors: “In addition, we continue to drive the circular economy platform from every angle, including digital. We are proud to highlight our collaboration with SAP GreenToken technology. The Eastman and SAP collaboration will leverage the blockchain-based platform of GreenToken to provide visibility through the value chain of sustainable products, such as the specialty plastics produced with Eastman’s molecular recycling technologies. Through data transparency enabled by blockchain, the platform is designed to give brands and consumers traceable information of sustainable attributes of products, including their percentage of certified recycled content.”

More on this venture on http://www.green-token.io/

Paid Promptly by SAP

Paid Promptly by SAP drives cash into your business faster by automating receivable processes. Deliver a seamless, personalized, customer experience through Paid Pronto’s automated communication solution, beginning when an invoice is first released until payment is received.

  • Brilliant Hire has a new General Manager! Paul Parter has taken over the task from Erin Dierker who is on to a new academic chapter at Stanford Business School. We’re wishing both all the best!

More on this venture on https://www.paidpromptly.io/

EverLoop by SAP

EverLoop by SAP aims to empower every business on the planet to achieve zero waste by being a sustainability solution that connects stakeholders across the waste value chain to enable the circular economy, with transparency and traceability.

  • Read here about the founders’ journey and how they developed an idea that was initially discussed over coffee into a product!
  • The team will be from now also sharing updates on their LinkedIn channel, so don’t forget to follow them on their journey of enabling the circular economy through transparent and easy e-waste disposal and recycling management.

More on this venture on https://everloopbysap.webflow.io/

SourceAgent by SAP

Great sourcing shouldn’t be a secret. Source Agent by SAP gives you the insights and strategies to address spend intelligently and wow your stakeholders. Identify sourcing opportunities by aligning your spend to current market intelligence. Receive a targeted sourcing strategy and supplier recommendations based on your data and requirements for each spend category. Quickly convert strategies and plans into eSourcing event prep and execution.

  • The venture celebrated their six months anniversary on September 1! If you need a throwback, re-read their investment announcement from our 2020/2021 cohort here.
  • The team will be from now also sharing updates on their LinkedIn channel, so don’t forget to follow them on their journey of building the future of sourcing.
  • Their pilot program is currently open. Visit their website or email sourceagent@sap.com to learn more.

More on this venture on https://www.sourceagent.io/

In Blog, Global, Venture Studio

Starting a corporate venture: From idea to funding

Co-Founders of EverLoop by SAP

Sometimes the best ideas just come from chatting over a coffee: The founders behind EverLoop by SAP share insights on how they started their business, what hurdles they had to overcome along the way and what makes a successful team.

Co-Founders of EverLoop by SAP

When and how did you know you had a viable idea for a start-up?

So, you have a problem to solve. Now what?

Which difficulties did you have to overcome in your first months as co-founders?

What plans do you have for the future?

About EverLoop by SAP

About SAP.iO Venture Studio

 

In Blog, Global, Venture Studio

Did you catch all our latest SAP.iO Venture Studio highlights?

April — June 2021 | Achievements & News from SAP.iO Venture Studio

SAP.iO Venture Studio drives a new era of organic growth at SAP. It invests in new ventures founded by small, entrepreneurial teams inside of SAP who are focused on building the future of enterprise business processes. SAP.iO Venture Studio provides design, development, and sales support to help these ventures launch. Find more on sap.io/studio.

It’s been a busy three months recently! SAP employees haven taken charge of their venture, pursued the freedom to shape their own strategy and taken their own decisions, also accelerating their own personal growth. Find the highlights of recent events and developments below:

 

Brilliant Hire by SAP

Brilliant Hire by SAP intelligently matches candidates with a personalized shortlist of jobs on your careers page based on what really matters to them, using Artificial Intelligence (AI).

  • Brilliant Hire has a new General Manager! Jeanine LeFlore already shared some insights on “Busting Product Myths” in this blogpost.
  • Head of Marketing at Brilliant Hire, Katya Pokrovskaya, also shared her tips for successful startup marketing in this blogpost.
  • Did you know that 90% of candidates leave career pages without applying? Their new product video and this article explain more on how they help customers with this challenge and elevate the candidate experience.
  • Brilliant Hire’s offer to their early access program was also announced during SAPPHIRE NOW 2021. Read more in the event’s Innovation News Guide and watch their customer talk in this session on how companies can build their future together with SAP.

More on this venture on https://www.brillianthire.io/

GreenToken by SAP

GreenToken by SAP is a supply chain solution that offers companies new levels of transparency through reliable, blockchain-based information. Gain visibility into where raw materials came from and produce products with knowledge about where and how the materials were produced, even in complex, non-batch supply chains.

  • The venture turned one on April 1! Walk down memory lane with them in this blog post.
  • GreenToken was featured in the global CEO keynote of SAP’s flagship event SAPPHIRE NOW 2021. Watch their segment here. Their early access program was also announced during the event. Read more in the event’s Innovation News Guide.
  • Eastman published a press release on their collaboration with the venture to track recycled content. Together they also joined the SAP Sustainability Summit. Find the replay to their session “Material Return Loops — Accelerating Sustainability Outcomes” here.

More on this venture on http://www.green-token.io/

OwnID by SAP

OwnID by SAP enables your customers to use their phone as a key to instantly access their accounts on your website. This password–less method of login and verification grants a subtle and streamlined user experience, ensuring the highest security standards and complete privacy of every account.

More on this venture on https://www.ownid.com/

Paid Pronto by SAP

Paid Pronto by SAP drives cash into your business faster by automating receivable processes. Deliver a seamless, personalized, customer experience through Paid Pronto’s automated communication solution, beginning when an invoice is first released until payment is received.

  • General Manager Erin Dierker featured on Femventure’s podcast episode on “Founding your own business”. Listen on Apple podcasts or openSAP.
  • Team member Andrew Blum also laid out in this blogpost why receivables teams might need to look across the hall to their procurement and payables counterparts for a transformation roadmap.

More on this venture on https://www.paidpronto.io/

EverLoop by SAP

EverLoop by SAP (formerly ReLoop by SAP) aims to empower every business on the planet to achieve zero waste by being a sustainability solution that connects stakeholders across the waste value chain to enable the circular economy, with transparency and traceability.

  • EverLoop joined the SAP Sustainability Summit. Find the replay to their session ““Growth of Recommerce to Better Manage our Waste” here.
  • The venture is one out of two helping SAP and SAP customers achieve their sustainability goals. Read blog post here.
  • They also have a new website ready for you!

More on this venture on www.ever-loop.io!

SourceAgent by SAP

Great sourcing shouldn’t be a secret. Source Agent by SAP gives you the insights and strategies to address spend intelligently and wow your stakeholders. Identify sourcing opportunities by aligning your spend to current market intelligence. Receive a targeted sourcing strategy and supplier recommendations based on your data and requirements for each spend category. Quickly convert strategies and plans into eSourcing event prep and execution.

  • The venture is actively looking for customers interested in sourcing opportunity assessments (free of charge) right now. Contact them here.
  • And why not check out their new website as well?

More on this venture on https://www.sourceagent.io/

In Blog, Global, Venture Studio

Elevating the Candidate Experience with Brilliant Hire’s Smart Job Matching

Between searching through job postings, refining and revising resumes and cover letters, and prepping for interviews, applying for a job can feel like a full-time job in and of itself. There’s also the additional stressor of potentially falling through the cracks of a company’s applicant tracking system (ATS).

Not only that, but because there are so many open roles to choose from, prospective candidates can be overwhelmed by job sites. So overwhelmed that they end up exiting the page all together. According to a report, 91% of candidates leave career pages without ever applying to a single job.

The numbers are even more grim when diving into applicant demographics. A frequently cited Hewlett-Packard study found that men will apply for a job when they meet just 60 percent of the qualifications, while women will only apply if they meet 100 percent of the qualifications. What’s more, a LinkedIn Business’s Gender Insights Report also found that women were 16 percent less likely than men to apply to a job after viewing it and apply to 20 percent less jobs than men in the first place.

This isn’t what the team at Brilliant Hire by SAP envisions when they think of the future of inclusive recruiting.

“For us, the future of recruiting is one where candidates can easily find the best roles for their skillsets and companies can find the most qualified and diverse talent for their open roles,” said Jeanine LeFlore, General Manager of Brilliant Hire. “We believe that job applicants and companies alike benefit from a personalized candidate experience and we’re making that a reality with Smart Job Matching.”

Launched last fall, Brilliant Hire Smart Job Matching leverages artificial intelligence to deliver a curated list of best matched roles to each candidate. This bespoke experience doesn’t just help candidates, but also helps companies increase their visitor-to-applicant ratio. It also gives recruiting teams valuable insights on where candidates are dropping off as well as the types of positions and skills job seekers are searching.

How Smart Job Matching works

When a candidate visits an SAP SuccessFactors careers page that has been integrated with Smart Job Matching, the Skill Matcher will ask a few short questions about their professional background and skills. The answers will be analyzed to match them with top jobs based on their experience while also ensuring candidate privacy by not collecting any personally identifiable information.

In doing so, Brilliant Hire can recommend a tailored list of opportunities to each candidate, pointing out jobs that are strong match for their unique background and thus encouraging them to apply. The hypothesis is that this personalized experience can also boost applicant pool diversity by enabling minority groups of candidates that have traditionally been outnumbered (such as females) to send in their resume for the top recommended jobs.

“My personal experience as a woman of color navigating a tech career across various sized companies and industries has shown me that the playing field is not always level when it comes to the recruitment and hiring process,” LeFlore said, adding that Smart Job Matching enables candidates to apply to the roles that fit their skillsets with confidence which in turn helps make recruitment more inclusive.

SAP launched Smart Job Matching capabilities on its own careers site late last year and saw an 11 percent increase in the visitor-to-applicant ratio in just a few weeks because applicants were able to find a matching job more quickly. Another early adopter of Smart Job Matching is leading global supplier of specialty chemicals, W.R. Grace, who will be participating in a session during this year’s virtual SAPPHIRE NOW conference.

“Brilliant Hire by SAP integrates with SuccessFactors and helps us achieve our recruitment goals by attracting more qualified candidates to our open jobs.” said Stephanie Wheeler, Head of Global Talent Acquisition at W.R. Grace.

With goals of optimizing hiring by providing a personalized experience for candidates through Smart Job Matching, Brilliant Hire aims to further inclusive recruiting practices for customers.

“A great candidate experience should be at the center of the hiring process in a way that could also help make recruitment more inclusive for all applicants,” LeFlore said. “And we’re making that happen at Brilliant Hire.”

About Brilliant Hire by SAP

Founded in 2018 within the SAP.iO Venture Studio, Brilliant Hire by SAP believes that everyone deserves a fair chance at landing their dream job. Built to unlock diversity and inclusion in the workforce, Brilliant Hire continues to innovate.

To learn more about Brilliant Hire by SAP, visit www.brillianthire.io/

About SAP.iO Venture Studio

The SAP.iO Venture Studio drives a new era of organic growth at SAP. It invests in new ventures founded by small, entrepreneurial teams inside of SAP who are focused on building the future of enterprise business processes. SAP.iO Venture Studio provides design, development, and sales support to help these ventures launch.

To learn more about SAP.iO, visit www.sap.io/studio