The future's growth engines are midsize businesses. But, they face many of the same business constraints as their larger competitors even as they nurture the innovations and creative ideas that will transform our world. In a constantly evolving, fiercely competitive, and frequently unpredictable industry, midmarket CEOs need flexible, agile tools to run their companies efficiently and advance them to the next level.
Companies eventually discover they need to pivot to a more scalable and capable solution, regardless of whether they have simply reached a point where their current technology or systems aren't keeping up or they have made a fundamental change to their business model, such as moving from selling products to selling subscription services. When that happens, they use cloud-based ERP.
SAP is aware of the requirements for assisting clients in realising the benefits of adopting cloud ERP. Based on our wildly popular RISE with SAP service, SAP is now introducing GROW with SAP, a new option for midsize customers to take advantage of cloud ERP's undeniable advantages.
With GROW with SAP, businesses can adopt these pre-configured, best practises right away, and customers may quickly realise improvements in time and cost efficiency in addition to effectiveness.
Companies need the flexibility to add new clients, products, and services; they also need a technological solution that can keep up with their growth. At SAP, the cloud ERP can scale to support even the most extensive product lines, complex service offerings, and ambitious sustainability goals because SAP already supports the largest enterprises in the world.
The GROW with SAP offering also includes tools and services to speed up delivery at a set rate, delivering a technical go-live in as little as four to six weeks and giving customers the confidence of the quick time to value they want. A global community of experts and free learning materials are also available to midsize companies who use GROW with SAP, ensuring they achieve real business results.
Source: https://news.sap.com/2023/03/grow-with-sap-cloud-erp-offering-midsize-companies/
SAP has provided security fixes for 19 vulnerabilities, five of which are classified as serious, necessitating immediate application by administrators to reduce risks.
Many products were affected by the issues that were resolved this month, but SAP Business Objects Business Intelligence Platform (CMC) and SAP NetWeaver were the two most severely affected.
- The SAP Business Intelligence Platform has a critical severity (CVSS v3: 9.9) code injection vulnerability that allows an attacker to access resources that are only accessible to privileged users. Versions 420 and 430 are affected by the bug.
- SAP NetWeaver AS for Java, version 7.50, is affected by the CVE-2023-23857 critical severity (CVSS v3: 9.8) information exposure, data modification, and DoS weakness. By attaching to an open interface and gaining access to services via the directory API, the flaw enables an unauthenticated attacker to carry out unwanted actions.
- Directory traversal issue with critical severity (CVSS v3: 9.6) affecting SAP NetWeaver Application Server for ABAP is CVE-2023-27269. A non-admin user can overwrite system files due to a bug. Versions 700, 701, 702, 731, 740, 750, 751, 752, 753, 754, 755, 756 and 791 are affected.
- Directory traversal with a critical severity (CVSS v3: 9.6) in SAP NetWeaver AS for ABAP is CVE-2023-27500. By utilising the SAPRSBRO bug to overwrite system files, an attacker can harm the susceptible endpoint. version 700, 701, 702, 731, 740, 750, 751, 752, 753, 754, 755, and 757 are affected.
- CVE-2023-25617: Command execution vulnerability in SAP Business Objects Business Intelligence Platform, versions 420 and 430, with Critical severity (CVSS v3: 9.0). Under specific circumstances, the issue enables a remote attacker to use the BI Launchpad, Central Management Console, or a customised application built using the open-source Java SDK to execute arbitrary instructions on the System.
In addition to the aforementioned issues, SAP's monthly security patch repaired ten medium-severity vulnerabilities and four high-severity problems.
In addition to creating collaborations with businesses claiming to be at the forefront of contemporary data management, SAP has opened up its analytics system to data from sources other than the enterprise software vendor's environment.
Customers of SAP who want to defend their continued investment in the SAP Business Warehouse globe should applaud the decision. The new offering, which goes by the name SAP Datasphere, is actually an upgrade to the SAP Data Warehouse Cloud.
If the mission-critical business data is stored in the SAP data warehouse, SAP applications, or applications and data stores from other vendors, according to SAP, data experts will be able to access it.
According to SAP, the new product would provide a "single experience" for data federation, data integration, data cataloguing, semantic modelling, and data warehousing.
Juergen Mueller, CTO of SAP, stated that the company intends to "assist customers in seamlessly and confidently integrating SAP data with non-SAP data from third-party apps and platforms, enabling whole new insights and knowledge to move digital transformation to another level."
If this all sounds familiar, it's because data platform companies started opening up to data from outside of their contexts last year. To assist in doing this, Snowflake, Google Data Cloud, and Cloudera have announced support for the Apache Iceberg open table format. In the meantime, a "headless" data warehouse for a related purpose has been promised by Tabular, a business launched by the people who created Iceberg.
Data governance provider Collibra, streaming data platform Confluent, machine learning platform DataRobot, and datalake/lakehouse business Databricks were among the partnerships SAP confirmed as part of its Datasphere news.
The latter connection may provide insight that will help SAP develop its strategy for integrating data from sources other than the SAP environment into the SAP analytics platform without relocating the data from the source system.
Source: https://www.theregister.com/2023/03/08/sap_datasphere/
The user and consumer experiences need to be seamless across the board, from finance to supply chain to commerce. This necessitates real-time user and customer journey service from the underlying apps.
SAP possesses the unique ability to address this situation through its breadth of business process solutions and unrivalled industry knowledge. The SAP Customer Experience (CX) portfolio is now linked to an industry-first approach to accelerate value to customers by allowing end-to-end, integrated business processes, even though our ERP has long included deep industry capabilities.
SAP will keep providing customer experience/CRM solutions. Now, it will concentrate on incorporating an industry lens, providing CX solutions that are industry-specific, and integrating the front and back offices to give the unrivalled value that clients have come to expect from SAP solutions.
The most pertinent difficulties faced by customers across all industries can be resolved with the help of SAP's worldwide ecosystem. In fact, ecosystem-led solutions make up 80% of industry solutions today. Customers will receive solutions with this strategy that naturally connect the cloud ERP through to the last mile of a customer's experiences spanning e-commerce, sales, support, and marketing — all with the sector-specific best practises they rely on from SAP and our ecosystem.
Here are just a few instances where industry-first CX has filled gaps frequently observed between experience delivery and business process-led ERP:
- Retail: To guarantee that customers receive the products they want, it is essential to maintain adequate inventory levels in stores and distribution centres. Using the comprehensive retail knowledge integrated into the customer experience product and cloud ERP, predictive replenishment leverages artificial intelligence (AI) to assist retailers in automating the replenishing process.
- Consumer Products: By automating 80% of the trade claims process, consumer product businesses can release billions of dollars that were locked up in settlement procedures as well as countless hours of work for key account managers. This will also improve cash flow by roughly a month. Because of its unique position at the nexus of accounts receivables (finance, ERP) and revenue growth management (sales, service, and marketing), SAP is able to offer faster time to value and lower TCO than any other vendor in this industry.
- Automotive: SAP promotes logistics optimization through end-to-end integration of dealership sales and service with group production and logistics processes. It also improves production planning and forecasting based on real-time demand. By combining information from the front and back offices into SAP's customer data platform, dealers may also improve upsell, retention, and overall customer lifetime value. They can also optimise their sales strategy and marketing budget.
Source: https://news.sap.com/2023/03/sap-cx-intelligent-industry-tailored-solutions/
