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/