In the early years, the procurement process was about stocking supplies to keep a business running besides creating and maintaining long-lasting relationships.

In the post-COVID world, enterprises are looking for technology to build resilience and agility in their supply chains. Businesses have understood the importance of having a 360-degree view of their internal processes to manage them better.

The success of digital adoption depends on how fast employees and other stakeholders manage to understand and use the new technology. As a leading technology provider, SAP is at the forefront of digital transformation helping enterprises to become smarter. Its digital technology is designed to support businesses of any size today. SAP has taken various steps to boost the digital adoption of its products.

Cloud computing offers the convenience of accessing essential business data and files from anywhere, anytime. The digital age has enabled the availability of cloud services for businesses of all sizes and it has become imperative that the right cloud services are availed of by enterprises, especially small and medium companies to maximize benefits and improve productivity.

Accelerated globalization and the COVID-19 pandemic have changed the way customers interact with a brand and vice versa. There is nothing more valuable than a satisfied customer who has the potential to bring in more revenue. Businesses, therefore, have to keep a keen eye on the various customer communication channels and customer information gathered across them for accurate insights.

The right talent pool, clear job definition, and timely delivery lead to higher performance and productivity of enterprises. The talent cycle begins by attracting suitable people, nurturing them in their roles, and defining a path for growth. It also involves developing and implementing smart retention strategies and motivating the existing talent pool.

In the entire process of ‘Hire to Retire’, talent lifecycle management plays a major role in providing career fulfillment and job satisfaction to resources.

Running a small-scale business in a rapidly changing technological environment can be challenging. To beat the competition and gain a sizeable market share, Small and Medium Enterprises (SMEs) need to invest in technology. Most SMEs find it difficult to select a suitable software platform to manage customer requirements and improve business efficiency.

It is necessary for organizations to streamline the process of application development which will in turn lead to a streamlined development process and reduced maintenance.

The growth of an enterprise is linked to the performance of its products/services which in turn is connected to efficient Product Lifecycle Management (PLM). Products manufacturing is a complex process and it requires many components or raw materials. Usually, the bill of materials explains where materials have been purchased from and how they have been put together.

The relevance of automating processes and evolved data analytics is gaining ground as businesses traverse through the dynamics of the ongoing pandemic. With AI and Machine learning applications, businesses can easily embrace, adapt and ease into a remote work environment. Process automation is being supported by cloud technology that can simplify business processes and remove undue pressure off IT and human resources.

Artificial Intelligence (AI) is no longer limited to the realm of science fiction and literature. It is exerting a profound influence on our daily lives. Its impact is expected to reshape the very fabric of our existence.