News from SAP: SAP launches its own AI copilot Joule
In September 2023, SAP announced plans to launch Joule, a ‘Copilot’ based on generative AI. The purpose of Joule is to support end users in performing their work faster while driving better business results in a secure and compliant way.
Joule is now available in SAP’s SaaS Cloud ERP offering, but currently only within SAP S/4HANA Cloud Public Edition and in an Early Adopter Care phase (EAC). This phase will start soon and includes a limited number of spots. We will return with more information.
SAP Invests in Sustainability and Continues to Develop Tools for It
These days, many companies are working hard on their CSRD reporting. SAP Sustainability Control Tower has been available for some time. It’s a software-as-a-service solution designed to help companies monitor and manage their sustainability performance.
This enables organizations to track, analyze, and optimize their sustainability initiatives, including ESG metrics (environmental, social, and governance). Additionally, it allows for the development of sustainability reporting into continuous comprehensive management. As a result, organizations get real-time insights into sustainability performance in their operations, suppliers, and products.
Data can be retrieved from both SAP and non-SAP systems to automate data collection and reduce manual data entry. All gathered in a single source. Furthermore, pre-built content enables support based on the most prominent sustainability standards. With support for standards such as GRI, WEF, TCFD, CSRD, and EU taxonomy, companies can establish robust and auditable ESG reporting. This helps users set sustainability goals, track progress, and take corrective actions, ensuring compliance with both regulatory requirements and stakeholder expectations.
With SAP Sustainability Control Tower, Companies Can:
- Streamline their data collection and management: Integrate registry systems directly into SAP Sustainability Control Tower to eliminate errors, increase reporting speed, and improve the verification chain.
- Improve sustainability reporting: The solution helps companies generate sustainability reports and disclosures that are accurate, transparent, and comply with statutory requirements and industry standards.
- Monitor and analyze sustainability data: The solution provides insight into an organization’s sustainability performance, enabling companies to identify areas for improvement and take corrective actions.
It’s also possible to assess whether operations align with EU taxonomy and generate reports on key KPIs to determine support needs and adaptation:
- Enables a comprehensive view of EU taxonomy reporting through shared data usage
- Provides a kickstart to EU taxonomy data management and reporting with ready-made and customizable templates
- Can simplify the EU taxonomy process with SAP S/4HANA Cloud integration
Integrates customers and partners via APIs
Read more here: SAP Sustainability Control Tower
SAP Has Launched Green Token – a Blockchain-Based Traceability Chain
As part of sustainability reporting, various stakeholders need to understand product origin and sustainability. To meet this need, SAP Green Token offers a solution that enables material traceability and increased transparency. This is achieved through segregation or mass balancing, ‘tokenization,’ and a blockchain-based traceability chain that meets the requirements of several recognized standards. Among other things, it makes it possible to:
- Collect, generate, and transfer declarations automatically
- Faster handling with configuration-based declaration templates
- Manage declarations at multiple levels, including location, facility, and material
- Generate current audit reports that meet certification standard requirements
- Generate reports on raw material origin, traceability, material movement, and net balances
- Get an overview of current and historical balances and distribution of sustainability claims
Read more here: SAP Green Token | Sustainability Tracking Software
