Cloud-based business networks for trading partners

Cloud-based business networks for trading partners

With geopolitical conflict and climate change roiling global shipping corridors from the Suez Canal to Panama and beyond, enterprises are increasingly relying on cloud-based business networks and artificial intelligence (AI) applications to expand visibility, facilitate collaboration and ensure they stay one step ahead of the looming threat of disruption.

Meanwhile, as legislation to strengthen transparency in supply chains takes hold around the world, digital platforms through which trading partners carry out interconnected operational processes have become indispensable for managing risk, achieving sustainability goals and verifying ethical business compliance practices – even with instability in international trade is gaining momentum.

After recovering from several years of congested seaports, empty factories and quarantined workers, many businesses are finding that even though COVID-19 has abated, disruptions persist. Yet visibility into all aspects of the supply chain—from sourcing raw materials and managing logistics capacity to providing working capital solutions and managing dispersed physical assets—remains paramount in the quest to ensure business continuity, instill operational sustainability and deepening competitive advantage.

SAP Business Network provides transparency, resilience and resilience

To help businesses provide the 360-degree visibility and collaboration capabilities they need in complex business relationships, SAP Business Network can connect people, processes and systems across multiple enterprises to help digitize transactions, leverage data-driven insights and create transparent, sustainable and resilient supply chains. Through SAP Business Network for Procurement, trading partners can improve process efficiency, improve security of supply and achieve compliance with business processes and regulatory requirements by increasing operational transparency. With SAP Business Network Supply Chain Collaboration, companies can achieve supply chain visibility by enabling planned automation, capacity and inventory optimization, and workflow streamlining. Powered by SAP Business Network for Logistics, shippers and carriers can work together in unison, track and trace goods in transit, and achieve transparency throughout the supply chain by optimizing logistics processes, increasing on-time deliveries, and reducing third-party risk . By relying on SAP Business Network Asset Collaboration, owners, operators and service providers can strengthen collaborative processes and the flow of shared information through a single, consistent version of asset master data to help streamline asset maintenance processes and reduce maintenance costs. With the advantage of SAP Business Network for Finance, trading partners can improve payment security, free up working capital through early payment discounts and increase access to capital related to outstanding receivables.

By connecting trading partners’ routine business processes, cloud-based networks establish the scope of data needed to apply predictive and generative AI applications to drive meaningful insights and results. Through large language models and other forms of machine learning, cloud-based applications create new content with characteristics that resemble those that preceded it. With each successive effort, generative AI sharpens its ability to adapt desired content.

As the world’s largest platform for business-to-business commerce, the SAP Business Network can represent an ideal environment for generative AI as it helps bring together an extremely high volume of trading partners in hundreds of millions of transactions, representing US$5.3 trillion in trade annually . Later this year, AI generation capabilities in SAP Business Network will be able to help detect errors and present automatic summaries when businesses create invoices. AI will also allow the network to help enrich catalog content and discovery publishing responses for suppliers.

SAP Business Network has accumulated significant structured content over many years to help generate broad operational information for trading partners. When buyers, suppliers, carriers and financial solution providers share operational data with each other in real-time, the mutual value they create can be exponential rather than additive, allowing all trade participants to plan ahead with confidence , continuity and lasting sustainability.

For more information about SAP Business Network and how we’re equipping businesses large and small with the digital tools they need to deal with disruption, visit sap.com/businessnetwork.


Jorn Keller is Executive Vice President and Chief Product Officer of SAP Business Network.

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