SAP Sourcing powered by Blockchain. 🚚🛒

Scenario: SAP Info Records, Source of Supply & Purchasing orders executed & completed on the Blockchain.

The future of SAP custom developments could be calling Smart Contracts on the Blockchain services offered within the SAP HCP or by the #hyperscalers.

The in-built business logic in the smart contracts will automatically perform all key supplier verifications (i.e credit days, product quality, after-sales service, background checks, ethical score, price conditions, etc) and select the best supplier that meets the criteria set. In short, smart contracts can perform keys tasks of matching buyers purchasing requirements with the seller’s selling conditions & stock availability.

Solutions similar to these are already available as web app add-ons, on the SAP Store by Tata Consultancy Services - Intelligent Field Inventory Management. The add-ons are built on the SAP Leonardo platform and are proof that blockchain-based solutions will be part of SAP solutions in the future.

What's more, these smart contracts can also be made public to be used by any other enterprises using SAP that require a similar functionality powered by Blockchain. #newbusinessmodels

For more SAP + Blockchain scenarios, visit the free dedicated SAP Blockchain channel (bc_sap) on Discord.

https://discord.gg/Dv6aZwa

#futurearchitecture #smartcontracts #fioriapps  #sapleonardo  #blockchaintechnology #sap

Blockchain as a Service (BaaS)

As more organizations are beginning to explore Blockchain and prepare for ways to integrate it with their on-premise systems, this has seen a rise of offerings such as,  Blockchain as a Service (BaaS) that makes the adoption of Blockchain easy and quick. 

Blockchain as a Service is making large strides in enabling organizations to take the first step into adopting Blockchain with minimal effort & a low cost of implementation.

Read how BaaS offerings could benefit organizations. 

If you are keen to get started on exploring a BaaS solution, reach out and I'll be happy to help.

#sap #blockchainasaservice #blockchain #learnsharerepeat #platforms

Delivering SAP Solutions the Agile way !

 With the ever-changing business environment where the pace of change is faster than ever before, being AGILE is a super-power on its own. Large-scale projects are now being delivered on an agile methodology. The possibility of using AGILE for complex projects is further validated when you see organizations like NASA developing critical applications for the Space Launch System (SLS) and other major projects using AGILE.

Here are some basic rules, tips & processes to run an efficient agile SAP solution development & delivery.

Some of the key advantages of using AGILE in SAP implementation

• Flexibility to change to cater to changing business requirements
• Priority-based development
• Frequent delivery of software
• Outcomes arising from deliverable are faster to address
• Leads to higher customer satisfaction as they get to see the program being built in every sprint
• Lowers the total IT cost, as resources are shared across multiple tasks
• High visibility and measurable results.
• The agile nature leads to better coordination as stakeholders are involved at every stage of the project
• Risks are identified early and can be managed in time

#agilemethodology #sap #projectmanager #activate #scrummaster

Blockonomics - Some key aspects of the economics of Blockchain.

As Blockchain gains more prominence, it becomes imperative to understand the wider economic impact of such an emerging technology. Here is a brief highlight of some key aspects of the economics of Blockchain.

#blockchain #sap #economics

Part 1 - Getting the best out of your SAP Finance system

Getting the best out of your SAP Finance system is not about configuring & activating all available functionality that the system has to offer, but rather to design & assess the system's processes/outputs on achieving the enterprise-wide key financial business objectives.

The Finance function has seen a significant shift to operating in-fusion rather than isolation, make sure your system is set up to enable this change.

#sap #CIMA #CPA #financegoals #accountingandfinance 

Blockchain in Accounting - The End of Double Entry ?

 

For research papers on Blockchain per domain, visit the below channel.

Channel: https://discord.gg/RJV9VTYCr4

Launch of the “Best of Blockchain” Discord Channel

 Access to information = More Knowledge = More Opportunities.

Online materials on #bitcoin have been available since 2013, but not many cared to research, read or share about it, but today the technology that drives Bitcoin is gaining serious traction and has loads of materials for those keen on upskilling. 🚀🌔

If you’ll like to get an early start and learn more about blockchain and how it is transforming various industries, check out the link below.

The “Best of Blockchain” discord channel contains 10+ industry-specific channels (including a dedicated one for hashtag#sap Blockchain enthusiasts), with 650+ blockchain relevant articles, 250+ blockchain whitepapers from renowned blockchain experts & companies, and 50+ blockchain webinars & training links. Happy learning and feel free to contribute!! 👍

The HUMAN element in Digital Transformation

 #COVID19 has accelerated digital transformation across many industries and is turning out to be the impetus for a new breed of "intrapreneurs" to build solutions for the modern workplace, and the best way to go about this is to understand and address the human element in "Digital Transformation" before jumping on to new tools and technology.

Here are just a few thoughts on some of the key elements.

Unlocking Business value with Blockchain & SAP

More on Slack

Channel: https://blockchainarena.slack.com/

Feel free to download and share.

Usecase: Blockchain in Auditing

Usecase: Blockchain in Auditing

As we see more scenarios like Wirecard playout (where $2B vanished from its balance sheet), regulators and stakeholders are likely to push to validate entries in the “ledger books” of large organizations by themselves without having to wait for an audit report.

In the future releases of the SAP HANA’s blockchain adapter, we could see a connector that can host data from the blockchain virtual tables in the HANA databases with a secure login that allows regulators and stakeholders direct access into organization’s ledger databases & reports.

This could mean the end of compiling & lodgement of corporate reporting, and perhaps even auditing of reports altogether! ⏳🕵️‍♀️

https://bit.ly/2OJaQug

#auditasaservice #sap #digitaltransformation #blockchain