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The SAP Business Network positioned among the leaders by IDC

HomeBlogBriefThe SAP Business Network positioned among the leaders by IDC

31 January 2024
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In the new edition of his MarketScape dedicated to collaborative platforms for managing commercial exchanges, the IDC firm has positioned SAP Business Network in the “Leaders” category, also giving it the largest market share. By connecting businesses and their suppliers, these platforms facilitate interactions to ship and receive contracts, orders, delivery notes, invoices and other payment notices, while securing data. To consolidate the positioning of its Business network, which today references some 8 million companies, Sap began to integrate tools forartificial intelligence, in order to help users by making recommendations and automatically generating content. It also provides for a series of innovations, announced at its last Sapphire conference: the provision of sectoral versions such as SAP Business Network for Industry, the addition of social responsibility criteria, the launch of SAP Blockchain Business Connector to collaborate without depending on a centralized verification system data, access to marketplace catalogs, a connection to prospects and augmented company profiles.

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In the recent edition of its MarketScape dedicated to collaborative platforms for managing commercial exchanges, the IDC firm awarded SAP Business Network a prominent place among the “leaders”, in addition to granting it the largest market share. This recognition demonstrates SAP Business Network's excellence in connectivity between businesses and their suppliers, facilitating critical interactions related to shipping and receiving contracts, orders, packing slips, invoices, and more. than other payment notices. This, while guaranteeing data security.

To further strengthen the position of its Business Network, which currently has nearly 8 million companies listed, SAP has initiated the integration of artificial intelligence tools. These tools aim to assist users by making relevant recommendations and automatically generating suitable content. This development marks a significant step towards improving the operational efficiency and productivity of companies using the platform.

Furthermore, SAP unveiled a series of innovations during its recent Sapphire conference, thus consolidating its commitment to the constant evolution of its Business network. These innovations include the provision of specialized sector versions such as SAP Business Network for Industry, the addition of social responsibility criteria for a sustainable approach to commercial exchanges, the launch of the SAP Blockchain Business Connector, offering the possibility of collaborating without depending a centralized data verification system.

In addition, SAP plans to introduce the possibility of accessing marketplace catalogs, thus broadening the horizons of users of its platform. This feature will promote the diversification of business opportunities by facilitating connection with potential prospects. Finally, SAP intends to enrich its offering by allowing access to augmented company profiles, thus providing a more in-depth and holistic view of business partners.

All of these advances demonstrate SAP's continued commitment to remaining at the forefront of innovation in the field of collaborative commerce management platforms, providing businesses with a comprehensive, agile and cutting-edge solution. technology to optimize their business processes and strengthen their competitiveness in the global market.

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