With ongoing financial transformation, increased regulations and growing complexity, there is huge potential in working with early-stage start-ups that help bring financial process innovation to SAP S/4HANA® customers. For this cohort, the SAP.iO Foundry Berlin Program teamed up with the S/4HANA® team to work with startups focused on GRC and FinTech innovations.
AIVIDENS: Predictive cash and risk management
WHAT
THEY DO
On average,
losses due to unpaid invoices represent 0.3 to 1% of companies’ annual revenue.
Collection processes often start too late leading to cash or P&L issues,
that is why we designed our Predictive Risk Management solution (PRIM). PRIM is
designed to anticipate payment issues and calculate various financial and risk
indicators. It can also prioritize cash collection processes and propose
specific actions. PRIM can be applied on any debt portfolio.
UNIQUE
APPROACH
By using AI and
applying a proprietary risk model on customers’ financial and operational data,
PRIM first predicts whether an invoice will be paid and when. PRIM then
segments the debt portfolio according to payment profiles and risk levels. With
this combination, PRIM helps increase cash accuracy and understand the risk
breakdown. It also helps identify events requiring immediate actions,
concentrate efforts where required and ease the collection strategy decision
process.
TEAM:
Edouard Beauvois — Co-Founder, Nicolas
Mertens — Co-Founder
HANKO:
FIDO-based Identity- and Authentication-as-a-Service
WHAT
THEY DO
Hanko offers a
passwordless multi-factor identity and authentication Cloud service for
convenient and secure user authentication, enabling its customers to eliminate
fraud, phishing, and credential reuse while offering a cutting-edge UX.
UNIQUE
APPROACH
With Hanko,
businesses can quickly integrate the most advanced authentication methods into
their web portals and applications. The service is developer-friendly,
supporting open Web standards and open-source SDKs. They also offer a
white-label authenticator app as an option. Hanko is GDPR and PSD2 compliant.
TEAM:
Felix Magedanz — Founder & CEO, Felix
Dubrownik — Technical Lead, Daniel Faulhaber — Product Manager
IRISTRACE:
Transforming the management of Business Risk into Value
WHAT
THEY DO
Iristrace enables
enterprises to better manage their business risks using control frames for
their operations that can easily be changed as processes evolve.
UNIQUE
APPROACH
Business experts
without IT knowledge can easily design and roll out their own controls across
their organisation in a record time, ensuring that the strategy reaches the
front-line employees, contractors, suppliers and partners. Controls and
follow-up action plans are distributed via mobile application, web or
messenger. They can be rule based and scheduled automatically, triggered by
events or used in self-service. The benefits include a faster implementation of
strategy, better staff and supplier engagement on the company’s objectives, improved
compliance, proof of execution, shorter learning cycles, lower costs and a far
superior customer experience as a result.
TEAM:
André Kingham — Chairman, César
Mariel Alberto — CEO
PXL
VISION: The secure gateway to digital identity
WHAT
THEY DO
PXL Vision
provides leading solutions for the automation and enhancement of digital
identity verification and customer onboarding through tailored and
off-the-shelf software solutions powered by the latest developments in Computer
Vision and Machine Learning.
UNIQUE
APPROACH
PXL Vision’s
identity verification solutions deliver both seamless UX and high security
through proprietary methodologies, within a fully automated software platform.
Offered as both SaaS and custom hosted or on-premise solutions, PXL’s powerful
technology stack is available how and where you need it.
TEAM:
Michael Born — Founder & CEO, Karim Nemr — Founder & CBO, Nevena
Shamoska — Founder & CTO, Roxana Porada — Founder & CPO
SPHERITY:
Bridging the physical, biological and digital spheres
WHAT
THEY DO
Spherity is
building decentralized identity management solutions to power the 4th
industrial revolution, bringing secure identities (“Digital Twins”) to
machines, algorithms, and other non- human entities. Digital twins enables
transactions with the following features: verifiable digital identities, P2P
trust with credential-based verification, verifiable business transactions
& payments, verifiable data chains (audit trails) and data provenance.
UNIQUE
APPROACH
Spherity is
providing the “missing puzzle piece” in solving with blockchain technologies
and “Self- Sovereign Identity” design principles the challenge of data
integrity in the industrial IoT applications. Their digital twins enable
tamper-proof data exchange within customer journeys across mobility, supply
chain and other business processes.
TEAM:
Carsten Stöcker — Founder & CEO, Michael
Rüther — Founder & COO
TROY:
Reinvents debt collection, reduces clients’ write-offs AND preserves their
customers
WHAT
THEY DO
Troy is a
full-service debt collection agency that builds THE platform for customer
experience in debt collection. Their platform drives troy’s debt collection
services which have repeatedly proven to outclass traditional providers. Their
solution can be used as white-label and also supports financial BPO of
receivables management.
UNIQUE
APPROACH
Troy is a
digital, data-driven, automated and cloud-only solution which incorporates best
practices from marketing and CRM to improve the debt collection experience. And
the friendliness works. Customers pay more, faster, and happily — proven by
clients’ feedback and customer surveys after payment.
TEAM: Philip Rürup — Founder & MD, Till Völzke — Founder & MD, Gunnar Zarncke — CTO
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