Invenio, SAP and a Procurement Summit. An Excellent Combination

Cost reduction remains the number one priority for the majority of organisations today, but some procurement and finance operations have some way to go before they achieve their goals. Across many industries, procurement is central and as the UK economy continues to grow, organisational transformations continue too.

For these reasons, Invenio Business Solutions have been asked to present at The Procurement Summit taking place this autumn on November 11 at the Palace Hotel Manchester UK, in association with the Chartered Institute of Procurement & Supply.

This free, ( and more importantly) educational event will provide senior purchasing, sourcing and supply chain executives across England an unmissable opportunity to keep up-to-date with the latest industry innovations, best practice and new technology solutions.

Invenio will be representing SAP Procurement technology at the event and have been invited to speak. Kedar Patwardhan, Account Director for Invenio’s largest client, will talk openly about the challenges facing organisations in today’s tough economic environment, as they struggle to find opportunities to control their external spend. He will discuss how companies using SAP can dramatically reduce administrative expenditure by up to 50% by shifting their suppliers to a self-service model with a P2P solution built on SAP itself, thus leveraging full benefits of SAP integration as well.

The Procurement Summit will deliver:

 

o    Educational seminars on the latest industry issues.

o    Key insights from industry thought leaders, practitioners & service providers.

o    First-hand case studies on the challenges of procurement leadership.

o    Hands-on demonstrations of the latest solutions in the technology showcase.

o    Excellent networking opportunities with peers throughout the day.

 

Highlights Include:

 

o    Opening Keynote from the experienced Eva Wimmers, Senior VP – Group Procurement at Deutsche Telekom AG

o    Briefing from Aleyn Smith-Gillespie, Associate Director, Business Services, Carbon Trust

o    Sustainable Procurement for Resilience and Innovation: Methods and Strategies

o    Shift your Suppliers to a Self-Service Model with a P2P Solution Fully Integrated with SAP – Kedar Patwardhan, Account Director, Invenio Business Solutions

o    PLUS case studies from purchasing practitioners in the private and public sector

 

Event Date: November 11th, 2014
Event Time: 09:00 – 17:00 GMT
Event Address: The Palace Hotel, Manchester. UK

 

 

Accelerate Finance, Simplify Technology

experience_centreWith the explosion of data and data sources, financial departments have a greater demand for fast, accurate, accessible and up-to-date information but from a simplified source. Without the right technology data is useless.

This is where SAP HANA comes in. However, before companies can gain a better insight into their data and understand the simplifications, they will need to gain a better insight into HANA. Hence one of the reasons SAP have created their new Experience Centre.

The SAP Experience Centre is a fully interactive environment where visitors can experience SAP HANA and other SAP innovations first-hand and immerse themselves in the various, interactive scenarios which have been set up – from driving a Formula 1 car to using data to investigate and predict crime scenes.

Even though the Experience Centre is still a new concept, Invenio thought this would be an ideal venue for a Simplified Financials event. To make this event truly unique, Invenio made it as intimate as possible and hosted the first ever partner event to a select few within UK finance departments.

The event kicked off with breakfast at 9.30am and sharply progressed onto the first presentation by Varik Torsteinsen, Head of Innovation at SAP. He spoke about why the Experience Centre was created, how it can transform thinking and what really is SAP HANA.

SAP realises that it has an extremely powerful platform with HANA and is at the beginnings of investing in and creating thought leadership on how it will be able to be utilised in the future. For many organisations this will involve ‘thinking out of the box’ to consider the creation of services which were just not possible or affordable on the previous technology generation.

This followed onto a presentation of Invenio and SAP’s partnership where Invenio spoke about the considerable investment it has made into their HANA Lab  and how it could help organisations to gain from the HANA Platform including the facility to run proof of concepts using a  client’s own data.

The next presentation was by James Willis at SAP on Massive Simplifications on SAP Financials.

As companies seek to integrate their decision making with their data, they need to rely more on speed and have a clearer understanding of their transactional data. SAP Financials has been built to meet the increasing and evolving business needs of the finance departments. James led the delegates through the capabilities of the solution:

  • Provides a one-stop access to all financial and non-financial data
  • New on-the-fly capabilities for moving finance processing, such as month-end activities, from batch to real time
  • Innovative rapid planning and forecasting combined with predictive analysis to explore new business models and immediately assess potential effects on the bottom line
  • Enables flexible data drill-down to actionable information
  • Connections to business networks in real time to establish an integrated business ecosystem and help drive optimal collaboration with customers, suppliers, banks and government authorities
  • Ensures harmonised data without manual reconciliation

We then broke for lunch to prepare ourselves for the real fun part! An exclusive tour of the Experience SAP Centre.

The centre is split into 4 sections, we explored each of these as explained below. All of the delegates spent time testing out the different areas

THE EARTH

Exploding populations, devastating typhoons – the world is changing rapidly. The delegates came face-to-face with the challenges these factors present. SAP’s multi-sensory experience puts delegates at the heart of the story and takes them on a journey that can change lives for the better.

THE FORMULA 1 CAR

Data is a real game-changer in sport. In Formula 1 racing, the difference between winning and losing can be a millisecond.

McLaren trusts SAP HANA to provide critical real-time data and analytics. Helping the team make more informed decisions faster and each lap closer to perfection. Each delegate got their turn to race a real-life, Formula 1 car on the Abu Dhabi circuit.

CRIME ANALYSIS

In this room, the delegates took on the role of crime investigator to discover who has stolen a priceless piece of art in London. The delegates were able to use SAP’s predictive analytics to analyse past crimes and work through clues to predict future strikes.

DESIGN THINKING ROOM

This rooms enables organisations to look at their businesses differently using some of the latest innovations; cloud, in-memory computing and analytics. This high-tech centre can identify how to transform a business.

This event was a great experience and our delegate’s came away with a lot more knowledge and insight into SAP. To be the first to hear about our next event you can sign up to our mailing list by here Sign Up

45 Mile Bike Ride for Charity? Yes Please!

 Matthew Hembrow Raises Awareness for the Princes Trust

MattbikeOver the past 4 years Matthew Hembrow – Global Head for Media at Invenio and along with SAP, have rode in the UK’s Palace to Palace, Princes Trust Charity bike ride and this year was no exception.

Matthew rode along the 45 mile stretch from Buckingham Palace to Windsor Castle taking him just under 3 hours. Matthew was one of 4,000 cyclists who contributed to the already raised 1.1 million for the charity.

Matthew comments “I chose the princes trust because I saw two very different presentations from two young people who had explained how the money and support had changed their lives from near destitution and abusive lives to working with pride and even starting a business. Two genuinely moving presentations”.

The Prince’s Trust is a fantastic charity based in the UK and supports 13 to 30 year-olds who are unemployed and those struggling at school and at risk of exclusion. The Prince’s Trust will help 58,000 young people into training, education or employment this year. However, there are currently nearly one million unemployed young people in the UK. Many of the young people helped by The Trust are in or leaving care, facing issues such as homelessness or mental health problems, or they have been in trouble with the law.

Well done to all those who took part and raised money for such a good cause.

 

If it’s Not Simple, it is Not the Right Solution

Invenio at eWorld London, 2014

It goes without saying, it has been a tough few years for the procurement and finance departments. Especially during the recession. The focus within organisations turned towards the finance and procurement departments to significantly reduce costs within all areas of the business. We have said this before, ‘Time is money’ and nothing could be truer than in the procurement and finance functions. It still remains in many organisations that processes and systems are very manual, this can be a huge problem. It can mean time delays, manual input errors and frustrations for those involved. We still see these challenges in the adoption of an eProcurement solutions within organisations today:

  • An inability to integrate with existing ERP and Procurement systems
  • Complex and unintuitive user interface
  • An inability to on-board suppliers (in large numbers)

On a positive note, we can now see that suppliers are more flexible and willing to work alongside organisations to help them achieve their goals. This opens up a new collaborated working environment which can save organisations time and money. This is where Invenio’s P2P tool comes in. It can reduce manpower time from 80% to just 20%, how does it do this? By swapping the work load onto the suppliers.

Here is an example of a typical scenario:

supplier2

Now flipped over to your suppliers:

SAP_Supplier

Account Director, Kedar Patwardhan and Program Manager, Jayawant Patil recently spoke at the eWorld Purchasing and Supply Conference. Both Kedar and Jayawant have a wealth of experience in the procurement sector. Kedar gave the delegates an insight into the reasons why SAP users have avoided a new procurement solution and how Invenio’s P2P solution can overcome these.

  • It’s too much work:  Vendor self-service, moving the admin load to the suppliers.
  • I hate these SAP screens: User friendly and mobile application with minimum data entry fields and clicks.
  • Can I spend the money I don’t have?  No, it is tightly integrated with the budgeting process, it can stop commitment and invoice posting if there is no approved budget.
  • But I didn’t approve this: Easy to understand and easy to manage workflows with set approval levels and audit trails are in place, so that no document can be posted without prior approval.
  • Am I choosing the right solution? Significantly cheaper than other solutions and fully integrated into your existing SAP solution.

Thanks to Kedar and Jayawant, for hosting such an informative session! If you missed the session on the day, or did not attend the event and would be interested in viewing the presentation, you can register for our webinar here. 

After the success of Kedar’s eWorld presentation, he has been asked back to present again at the eWorld Procurement Summit in November. The event is free and you can register to attend here