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In Uncategorized, Blog, Global, Venture Studio

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

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July – September 2022 | 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, development and sales support. Find out more on sap.io/studio. 

Encore by SAP 

As a secondary marketplace, the Encore by SAP solution is enabling regenerative business processes and empowering network members to close the loops and make circular economy a reality. The demand-driven enterprise trading platform provides a simplified way to offer and discover secondary materials and components with integration into back-end procurement or asset management solutions. The platform enables trading of aftermarket components, such as alternators or batteries, and is looking to expand into further areas, such as secondary materials — from aluminium to polyurethane — or production waste and scrap.  

  • Earlier this year, SAP.iO Venture Studio welcomed two new ventures: Encore by SAP received investment to work on enabling the circular economy. Read more about the venture here and watch this intro video with Co-Founder and General Manager Edward Kosec here.  
  • As a matter of fact, Encore is already working with the consortium Catena-X. They kicked off testing Encore’s marketplace to help the German automotive industry become more sustainable. Get more information and impressions of the launch on LinkedIn here.  

Discover more on this venture on https://encorebysap.io/ 

Feather by SAP  

Feather 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. 

  • Feather recently collaborated with students from the Hasso-Plattner-Institute in Potsdam on machine learning applications for resale. Check out some impressions via Feather’s social media presence.  

Discover more on this venture on https://www.getfeather.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. 

  • GreenToken received funding in 2019 and quickly became a major growth opportunity, enabling customers to trace raw material supply chains for informed purchasing decisions. Let alone in the last quarter they managed to 
    • Announce a pilot with Japanese chemicals company DIC Corporation 
    • Collaborate with automotive consortium Catena-X on creating transparency of emission information from business partners across the entire automotive value chain 
    • Won in the category “Technology, Media & Telecommunication” for the the Australian Financial Review’s Sustainability Leaders for 2022 awards 
    • Featured in Canada’s second biggest daily newspaper, The Globe and Mail, sharing their journey and business idea 
  • Having gained traction among customers and proving their business value, this employee-led venture now graduated from the SAP.iO Venture Studio portfolio and joined SAP’s Sustainability growth area on September 1. With the early support of our inhouse venture program, they have become the latest example of having turned an innovative business idea by SAP employees into a profitable business and product. They will now further scale within the bigger organization. 

Discover more on this venture on https://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 Promptly’s automated communication solution, beginning when an invoice is first released until payment is received. 

  • This venture is making invoice communication more convenient. Their solution is now available for all SAP customers on the SAP Store  
  • You can meet Paid Promptly at SAP Spend Connect Live from October 24 to 26 in Dallas, Texas. Register for the event here.  

Discover more on this venture on https://www.paidpromptly.io/  

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. 

  • As the team is preparing for giving customers direct access to their tool, they are offering strategic sourcing for free! Their rapid test program is a quick and free way to help businesses see spend classified and aligned to their scoping framework. Read more about this opportunity here. 
  • You can meet Source Agent at SAP Spend Connect Live from October 24 to 26 in Dallas, Texas. Keep yourself updated by following the venture’s social media presence and register for the event here.  

Discover more on this venture on https://www.sourceagent.io/  

Tax Eye by SAP  

Tax Eye by SAP is a virtual digital assistant technology that improves and powers tax business processes. Tax Eye allows tax professionals to focus on higher value add activities using human centered artificial intelligence and reduce corporate tax burden. 

  • Earlier this year, SAP.iO Venture Studio welcomed two new ventures: Tax Eye by SAP simplifies access to tax intelligence. Find out more in this announcement. 

Discover more on this venture on https://taxeyebysap.io/ 

In Blog, Global, Venture Studio

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

SAP.iO sign

April – June 2022 | 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, development and sales support. Find out more on sap.io/studio. 

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). 

  • With artificial intelligence playing an important role in hiring processes, experts are curious what part AI will play after the great reshuffle. Learn more about how Brilliant Hire by SAP’s uses AI future-oriented in this article. 

Discover more on this venture on https://www.brillianthire.io/ 

Encore by SAP 

As a secondary marketplace, the Encore by SAP solution is enabling regenerative business processes and empowering the network members to close the loops and make circular economy a reality. The demand-driven enterprise trading platform provides a simplified way to offer and discover secondary materials and components with integration into back-end procurement or asset management solutions. The platform enables trading of aftermarket components, such as alternators or batteries, and is looking to expand into further areas, such as secondary materials — from aluminum to polyurethane — or production waste and scrap. 

  • This new venture had their first official outing at Hannover Messe 2022. Find impressions from the event on the co-founders’ social media presence. 
  • Just having joined the active portfolio of employee-led SAP ventures, the venture’s General Manager Edward Kosec was part of an open conversation on corporate entrepreneurship at SAP. Watch the recording on LinkedIn Live here. 
  • Enabling a Circular Economy Through Industry Network Collaboration? Encore by SAP was featured on the SAP News Center highlighting their work with Catena-X 

Website soon to go live. 

Feather by SAP  

Feather 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. 

  • Taking center stage at SAP’s flagship event: Joanna Maryewska, General Manager and Founder of Feather by SAP featured in SAP Sapphire’s virtual keynote about the future of customer experience. Rewatch the whole session here.  
  • The importance of customer satisfaction to businesses is well-known. To connect the environmental impact of the supply chain with eco-friendly choices of customers, SAP Customer Experience announced partnering with Feather by SAP for recommerce capabilities. Read more in this announcement. 
  • #CXUnplugged hosted Joanna Maryewska to talk about reviving retail strategies for brands as they are seeing unprecedented change that can be daunting. Watch the recording here. 
  • With so many achievements this quarter no wonder this employee-led venture is continuously growing. Join the team as their Senior Full Stack Engineer and find all other open positions here.

Discover more on this venture on https://www.featherbysap.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. 

  • Time to step into the limelight at SAP’s annual flagship event: The venture’s work was mentioned in SAP Sapphire’s global opening keynote by Christian Klein. Watch the replay here and read more about how GreenToken by SAP’s solution helps Unilever with increasing traceability and transparency in their global palm oil supply chain. 
  • SAP and Mitsubishi Chemical Europe are working on a more sustainable and transparent supply chain with GreenToken by SAP providing the solution. Read more about the cooperation here.  
  • Having the word “green” in their name, people probably wonder how green GreenToken by SAP really is. Check out the article on LinkedIn. 

Discover more on this venture on https://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 Promptly’s automated communication solution, beginning when an invoice is first released until payment is received. 

  • The venture successfully converted a PoC to a signed paid contract with an American manufacturer. 
  • Interested parties can also test their first free pilot to automate receivables processes. Find out more here. 

Discover more on this venture on https://www.paidpromptly.io/  

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. 

Discover more on this venture on https://www.sourceagent.io/  

In Blog, Global, Venture Studio

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

SAP.iO sign

January — March 2022 | 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

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).

  • It is no news that artificial intelligence is valuable in the job market, but with the great reshuffle what role will AI play? Read about Brilliant Hire by SAP’s inclusive hiring solution and their focus on skills here.
  • To get to know the venture better, Brilliant Hire by SAP released a Lip Sync video. Check out the video here and learn what Brilliant Hire by SAP does.
  • Brilliant Hire by SAP keeps growing and is now looking for a Developer Node.js, SQL, React/Value and a Senior Integration Engineer. Find all open positions here.

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

  • EverLoop by SAP reached a major milestone in March: The venture celebrated their first anniversary on March 1. A lot has happened for the founding team in one year at the SAP.iO Venture Studio. Read all about it here or watch the video here.
  • And there is more great news: EverLoop by SAP shared their journey with the “Intrapreneurship Conclave 2022” and talked about what it’s like being a founder of an employee-led venture. Along the way the venture was announced the winners of the Star Intrapreneurship Award and the runner-up in the category breakthrough ideas for social impact.

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

Feather by SAP

Feather 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.

  • Looking for a new way of retail sustainability? Feather by SAP and its end-to-end re-commerce solution helps retailers to shift to circulars business models. Learn more about taking ownership of one’s re-commerce activities here.
  • Women founders often face more challenges when getting started and securing capital. Read the ventures General Manager Joanna Maryewska’s thoughts about how corporates can support women entrepreneurs here.
  • The venture is successfully growing and is now looking for a Senior Fullstack Developer and a Front End Engineer. Find all open positions on SAP.iO.

More on this venture on https://www.featherbysap.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 recently published a white paper on material traceability for increased circularity in the chemical industry. Read here how with end-to-end traceability and transparency the solution can increase sustainability in many raw material supply chains.
  • SAP and Unilever announced the successful pilot of the GreenToken by SAP solution to further increase traceability and transparency in Unilever’s global supply chain. Check out this milestone here and learn about the great coverage the news already got in magazines like Supply Chain Digital, Food Logistics and TechTarget.
  • With so many great achievements no wonder the employee-led venture has already been part of the SAP.iO Venture Studio portfolio for two years. Find their anniversary post here.

More on this venture on https://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 Promptly’s automated communication solution, beginning when an invoice is first released until payment is received.

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

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.

  • And we had another birthday at the SAP.iO Venture Studio: Source Agent by SAP turned one on March 1 as well. Read all about their experiences during their first year here and watch the video here.
  • Join the team as a Senior Software Engineer and apply now on SAP.iO.

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

In Blog, Global, Venture Studio

One year as a venture: EverLoop by SAP

Just about one year ago, the SAP.iO Venture Studio welcomed a new venture to their team: EverLoop by SAP. With this milestone just passing, we thought it would be great to talk to the growing team, give a little recap of the past 365 days and take a peek into their future.

The first 365 days

Founding a venture within a large corporation requires ambition, an innovative spirit and persistence. EverLoop by SAP unites those qualities. Building a B2B sustainability waste management solution, the teams’ goal is to empower businesses to achieve zero waste. The solution digitalizes the complete disposal process and helps businesses track and trace e-waste from the time it’s identified until it has been fully recycled or refurbished. And they have already come a long way.

Starting an employee-led startup within SAP, the team went through a six-week accelerator program in 2020 and received funding at the beginning of 2021. Looking back at the past year, the venture had some big achievements.

“For me, bringing our product to life by releasing the EverLoop alpha product version with eight pilot customers was the biggest achievement in 2021,” said Kiruthika S, Co-founder, and Head of Product at EverLoop by SAP. Ajit Chandran, Co-founder, General Manager, and Head of Business, added “It was when two large enterprises accepted a pilot with us within a week of releasing our first alpha version and of course when an article on our venture was published in one of the leading newspapers in India.”

Challenges and learnings along the way

When putting a vision into action, it is most likely that you will encounter some challenges that need to be tackled. “One of our biggest challenges was to coordinate work and communication with the team,” explained developer Prasanna Nandalal. “Planning your own workday but also aligning your timeline with the timelines of other team members needed some practice.”

Finding oneself in this new environment can be an adjustment. “Working at EverLoop by SAP, I experienced working in a fast-paced and agile start-up environment. This has helped me for my personal and professional development,” said Nishanth Nimbalkar, developer. “I have learned to be a team player and adapted to the challenges of remote working.”

After one year as a venture, the team has probably a pretty good idea of what went great and what needs more attention or adjustment. “Starting a venture is like growing a plant. You have to sow the seed, nurture it daily under the right conditions and hopefully after a while, you can reap the fruits,” said Kiruthika about her learning of the past 12 months. “Each day started like a new day with new challenges, but as a team we found a way to solve them.”

A peek into the future

The EverLoop by SAP plant is starting with follow-on funding in its second year, and we are excited to see the constant development of their e-waste solution and how customers can benefit from it. “Always expect the unexpected from EverLoop by SAP,” promised Ajit. “More features, more automation, more transparency and everything that’s going to make e-waste disposal simple, easy, and transparent.”

Now that the venture team has found their flow, it looks back on an eventful year. “We had a great learning phase and already found many ways to improve our solution,” summarizes Kiruthika. And Ajit reminisces how much of hard work there was behind the scenes by the whole team during their first year:

“All that work pays off when your customer tells you how useful
the product is. That smile that comes on your face — that says it all.”

Well, we can’t wait to see those smiles in EverLoop by SAP’s second year with the SAP.iO Venture Studio and are already curious to learn more about their future achievements.

Happy 1st anniversary, EverLoop by SAP!

About EverLoop by SAP

EverLoop by SAP helps every business to achieve zero waste by connecting stakeholders across the e-waste value chain. By simplifying and connecting organizations, EverLoop by SAP extends the life cycle of used electronic products and opens doors too for enterprises to new sustainable networks. To learn more about the future’s marketplace for electronics manufacturers and e-waste recyclers, go to www.ever-loop.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 Venture Studio, Blog, Global

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 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, Venture Studio, Announcements, Awards

SAP is awarded for its startup friendliness and accelerator program

December 17, 2021 — For the second time in a row, SAP SE (NYSE: SAP) was recognized with the annual Corporate Startup Stars Award 2021 as one of the Top 25 companies to encourage startup innovation.

In addition, SAP was again honored with the Corporate Startup Accelerator Award for its efforts in accelerating and working with startups. On December 16, the International Chamber of Commerce and innovation advisory firm Mind the Bridge announced this year’s winners at the award ceremony in Paris.

SAP follows a holistic open innovation approach by driving both organic and startup innovation to remain a resilient player in today’s global marketplace and deliver new innovation to customers. With its strategic business unit SAP.iO, SAP supports early-stage ventures to accelerate new ideas inside and outside the company.

“We see ourselves as the matchmakers between startups on the one side and SAP customers on the other.” said Alexa Gorman, Senior Vice President and Global Head of SAP.iO Foundries & Intrapreneurship. “This recognition validates our open innovation approach to work closely with promising, diverse startups and bring additional innovation to our customers.”

Since 2016, the Corporate Startup Stars Awards have celebrated companies that are role models in open innovation and are strongly committed to working with startups. Therefore, the startups nominate the corporates they believe to be most active in terms of open innovation themselves.

“Consistently over the past years, SAP confirmed to be among the world’s corporates that are more effective in turning open innovation into results,” said Alberto Onetti, Chairman of Mind the Bridge. “SAP engages with global startups in multiple ways, ranging from acceleration and partnerships to investments and acquisitions. We specifically appreciated SAP’s approach and particularly its recent evolutions. The SAP.iO Intrapreneurship program and SAP.iO Venture Studio are an interesting benchmark as well as the way SAP evolved and optimized its corporate startup accelerator.” 

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 330+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit https://sap.io/.

In Blog, Global, Venture Studio

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 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