SAP partners play a crucial role in helping businesses leverage SAP’s powerful software solutions to streamline operations, enhance efficiency, and drive growth. As an SAP partner in Singapore, MINDSPRINT has consistently demonstrated its expertise in implementing SAP solutions across various industries, including food and agribusiness, retail and CPG, manufacturing, and life sciences. With a strong presence in over 65 countries, MINDSPRINT has enabled global enterprises to unlock the power of ease of doing business through its innovative approach to SAP integration.

Addressing Complex Challenges through Customized Solutions

One of the key factors that set MINDSPRINT apart as an SAP partner in Singapore is its ability to address intricate customer challenges through customized solutions. Nitesh Mirchandani, Chief Business Officer of MINDSPRINT, emphasizes the company’s deep industry expertise and its focus on delivering personalized solutions that cater to the unique needs of each client. By tailoring its implementation strategies and adapting to specific business requirements, MINDSPRINT ensures that its clients receive solutions that effectively and efficiently address their challenges.

MINDSPRINT’s approach to SAP integration goes beyond the traditional finance and inventory modules. The company incorporates advanced features such as mobile apps for weighbridge goods tracking, automated data collection in smart factories, and mobile tools for remote procurement and inventory management. By prioritizing real-time monitoring, data dashboards, and continued support post-implementation, MINDSPRINT empowers businesses to optimize their operations and make data-driven decisions.

The award ceremony, held in Singapore, brought together key figures from both MINDSPRINT and SAP, including Suji Thampi, head of partnership and ecosystems at MINDSPRINT, who accepted the award on behalf of the company.

Championing Innovative Technologies as an SAP Partner in Singapore

As an SAP partner in Singapore, MINDSPRINT understands the importance of seamless integration and the adoption of innovative technologies. The company prioritizes the integration of a wide array of supply chain solutions, including both third-party and in-house options, to ensure a smooth flow of operations. By leveraging the Internet of Things (IoT) monitoring tools, MINDSPRINT enables efficient data collection and analysis, providing businesses with valuable insights to drive continuous improvement.

Nitesh Mirchandani highlights MINDSPRINT’s commitment to its customers and ecosystem partners, promising growth and impact through its innovative solutions. The company’s dedication to technological progress and its ability to drive innovation has been instrumental in its success as an SAP partner in Singapore. By staying at the forefront of technological advancements and constantly evolving its offerings, MINDSPRINT ensures that its clients remain future-ready and positioned for success in an ever-changing business landscape.

MINDSPRINT’s recognition as the Outstanding Innovation Partner for Southeast Asia by SAP is a testament to its exceptional capabilities as an SAP partner in Singapore. Through its deep industry expertise, customized solutions, seamless integration, and adoption of innovative technologies, MINDSPRINT has consistently delivered value to its clients and contributed to their success. As businesses continue to navigate the challenges of the digital age, having a trusted and innovative SAP partner like MINDSPRINT becomes increasingly crucial.

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SAP, the technology pioneer known for its enterprise software solutions, has always been at the forefront of innovation. Its venture arm, SAP.iO, is a key part of this cutting-edge ecosystem. Established to propel startups offering unique business models using SAP technology, SAP.iO operates globally through its SAP.iO Foundry, a network of top-tier startup programs, along with SAP.iO Venture Studio, which invests in and accelerates early-stage businesses.

SAP.iO also provides strategic support to its portfolio companies, dedicating resources including technology, business, and marketing expertise to empower new ventures and shape tomorrow’s industries. It is within this vibrant ecosystem that Taiwan Bay Valley Technology Co., Ltd., more commonly known as BSOS, found the platform to launch and develop a state-of-the-art working capital management solution.

Fostering the Next Revolution in Financial Management

In the inaugural Taiwan SAP.iO Innovation Accelerator, BSOS emerged as the winner of the prestigious ‘Best Solution of the Year’ accolade. The award recognized the innovative practices of the BSOS working capital management platform, a solution designed to revolutionize the management of supply chain working capital for enterprises.

Moreover, the platform was developed in partnership with China Trust Commercial Bank and integrated with the SAP ERP system, infusing a new level of financial vitality into supply chain operations. The SAP.iO Innovation Accelerator’s recognition of BSOS also underlines the potential of the platform in transforming enterprise management.

Throughout the course of their journey with SAP.iO, BSOS further gained invaluable insights into the functioning of the SAP system. The company undertook rigorous tasks such as integration, architectural planning, and verification, fortified by concrete support from SAP’s professional technologies and consultants. It was this collaborative effort that also birthed the BSOS working capital management platform.

The Next-Gen Working Capital Management Platform

The BSOS working capital management platform serves as a hub for supply chain financial adjustments. Aggregating SAP ERP system data offers supply chain enterprises a convenient avenue to effortlessly link invoice information within the SAP ERP system and express financing needs.

This groundbreaking tool streamlines financing business processes, enhancing supply chain management efficiency and bolstering supply chain flexibility. It also empowers enterprises to react to market fluctuations with increased agility, enabling them to stay competitive in a rapidly evolving business landscape.

Simultaneously, in a bid to create a financially robust and sustainable supply chain solution, BSOS has partnered with China Trust Bank. Through the power of blockchain technology, this collaboration aims to transmit trustworthy supply chain information. This fully integrated model not only bolsters the financial sustainability of the enterprises but also fosters positive interactions across the supply chain, unlocking fresh business opportunities.

The Power of SAP Innovation: Future-Facing Collaboration

Additionally, the honor of being recognized as the ‘best new innovation solution of the year’ is a testament to the remarkable performance of BSOS in the SAP.iO innovation accelerator program. This recognition underscores the success of their innovative approach to financial management and their aptitude for developing groundbreaking solutions.

With this win as a firm footing, BSOS looks forward to fostering a deep-seated relationship with SAP. They aspire to continue creating smarter, more versatile solutions, harnessing the power of SAP innovation to help guide enterprises toward a prosperous future.

The story of BSOS is a shining example of how SAP innovation can serve as a catalyst for enterprises to develop novel, impactful solutions. With its unrelenting commitment to fostering innovation, SAP.iO continues to provide an inspiring platform for startups worldwide to redefine, reshape, and revolutionize the future of business.

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SAP.iO, an innovation arm of the world-renowned enterprise software company, has created a global network of foundries. These foundries are diligently working to cultivate startups, providing them with indispensable resources, expertise, and mentorship. These are critical in transforming innovative concepts into market-ready solutions.

The SAP.iO initiative is a strategic cornerstone in SAP’s agenda to broaden its ecosystem by harnessing the potential of promising startups, stimulating innovation, and driving digital transformation across various sectors.

Charting a Course for Sustainable Energy at SAP.iO Foundry

At the precipice of an energy revolution, the world is making concerted efforts to battle climate change and lay the groundwork for a sustainable future. This environmental endeavor calls for a profound transition from our dependence on fossil fuels to embracing net-zero carbon sources.

Amid this landscape, SAP.iO Foundry’s recent program is a beacon of hope. Over the next five months, it will work intimately with selected startups to cultivate enduring partnerships. These collaborations will strive to explore unique use cases, delve into product integration possibilities, and unearth diverse business development opportunities. Moreover, SAP’s clients will have an integral role in this innovative journey, assessing and implementing potential proof-of-concept opportunities.

The Chosen Eight: A Closer Look

The SAP.iO Foundry Shanghai program welcomes an exciting array of startups:

Firstly, Blue Tax stands at the forefront of optimizing governmental and corporate collaborations. The startup is revolutionizing the relationship between government departments, such as the tax bureau, and corporate human resources. By simplifying corporate tax calculation and social security issues, Blue Tax aims to increase collaboration efficiency by an astounding 80 times.

Secondly, we have Carbongram, a startup setting the pace in carbon management. They are striving to create a reliable, auditable carbon accounting infrastructure. This pioneering venture aims to help customers control their own carbon emissions and manage those of their suppliers effectively.

Then there’s Fei Liu Tech, which is applying the prowess of AI to transform the fashion supply chain. The startup offers comprehensive digital solutions that encompass smart manufacturing, supply chain collaboration, and intelligent marketing, thus revolutionizing the fashion industry.

Focusing on new energy resources is Inkelink, a startup dedicated to catalyzing the digital evolution of the energy sector. They’re working tirelessly to develop a digital smart factory solution and the Inkelink Industrial Internet platform, promising a more efficient future.

Matterhorn is championing the cause of Industry 4.0. With a variety of innovative solutions like workshop-level cyber-physical systems, intelligent data collection, machine-vision-equipped robots, and smart assembly, they aim to revolutionize traditional industries.

Next in the cohort, MHP is creating a stir in the automotive and related manufacturing industries. The startup is developing a host of digital and innovative solutions, embracing technological advancements to drive growth and sustainability.

O-tech is transforming the face of trade compliance. As a one-stop destination for trade compliance and customs consultancy services, the company also offers foreign trade management system development and operation, ensuring a streamlined trade environment.

Last but not least, Skyco2.com is paving the way in carbon emission management. Providing monitoring, reporting, and verification services for carbon emission data and carbon asset operation management, they cater to a range of sectors, from industrial to transportation and construction.

As the global energy sector undergoes a transformative revolution, initiatives such as the SAP.iO Foundry Shanghai program mark a significant stride towards a sustainable future. Through nurturing startups aimed at driving this new era of sustainable energy, SAP continues to stand as a pioneer in tech-driven, eco-friendly innovation.

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Whitefield Bengaluru-based SAP Labs India has certainly made a significant impact on the technology industry over the past 25 years. As one of the German tech giant’s largest research and development centers, SAP Labs India has played a key role in developing innovative software solutions that have helped to transform businesses around the world.

SAP Labs India’s commitment to people, purpose, and the power of the ecosystem is a testament to its dedication to creating meaningful, impactful solutions. By prioritizing the needs of its customers and collaborating with a diverse range of partners and stakeholders, SAP Labs India has been able to develop cutting-edge technologies that drive growth and efficiency.

With India rapidly becoming a hub for cutting-edge AI research and development, SAP Labs India is well-positioned to expand its focus on critical innovations in AI technologies, leveraging the country’s rich talent pool and supportive ecosystem. By investing in the country’s innovation ecosystem and developing new solutions that harness the power of AI, SAP Labs India is poised to make a significant impact on the future of business and technology.

Accelerating India’s Adoption of SAP in the Cloud

Playing a vital role in driving innovation and progress for SAP’s flagship solutions across multiple fields, SAP Labs India has been instrumental since its inception in 1998. Over the years, the company has made significant contributions to the development of solutions for the future of work, enterprise resource planning (ERP), cloud ERP, customer experience (CX), sustainability, and supply chain resiliency. As a result, India has emerged as one of the fastest-growing regions for the tech multinational, with its contribution to SAP Asia-Pacific’s cloud revenues doubling in the last two years alone.

As part of its commitment to the region, SAP Labs India is constructing a second campus in Bengaluru that will generate 15,000 new jobs in India’s rapidly growing tech sector, providing a significant boost to the country’s economy. In line with SAP’s core values of sustainability, wellness, and inclusion, the new campus will prioritize these principles, ensuring that employees are at the forefront of SAP’s vision. With this new campus and continued investments in the region, SAP Labs India is poised to make significant contributions to the Indian technology landscape for years to come.

During his visit to the Bengaluru campus of SAP Labs India, Thomas Saueressig, the Executive Board Member of SAP SE who is responsible for SAP Product Engineering, congratulated the team and expressed his pride in being a part of India’s transformation over the past 25 years. According to him, India’s position is unique, and it has the potential to boost SAP’s growth in the cloud. He emphasized that India is home to more than 15,000 talented individuals and 40% of SAP’s global research and development occurs in India. Saueressig also stated that SAP is committed to supporting India’s future growth.

“We are leveraging artificial intelligence and have already embedded over 300 AI use cases across our solutions. We are also working towards creating greater value for our customers by combining generative AI capabilities with our deep industry and business process knowledge,” he added.

Meanwhile, SAP Labs India’s Managing Director and Senior Vice President Sindhu Gangadharan highlighted the immense value that India provides to SAP, serving as the company’s fastest-growing market region driven by its largest R&D center. She expressed her pride in contributing to India’s digital transformation over the past 25 years as a digital frontrunner. The company is committed to enhancing its expertise in AI, cloud, and sustainability while prioritizing the development of tech talent and industry-academia relationships.

“With the accelerated move to green energy in India, we see a growth opportunity in the automotive and utilities industries,” Gangadharan remarked.

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An article by OpenGov Asia stated that there are key factors that suggest a huge upside for China: a large and young market that enables rapid commercialisation of digital business models, a rich digital ecosystem that extends beyond a few tech giants, the government allowing space for digital companies to experiment, as well as being a consumer of and investor in digital technologies. It was also indicated that the Chinese economy could become more dynamic as a result of digitalisation, allowing more enterprises to compete globally and possibly export Chinese-made digital business models.

Demonstrating the digital economy as a key driver for growth over the next few decades, the country held its annual China International Import Expo (CIIE) at the National Exhibition and Convention Center in Shanghai. (InsideSAP Asia often references articles from websites in other languages to bring you as much information as possible.) The CIIE, which was launched by the government in 2018, remains a crucial forum for the nation’s opening up and improving international economic cooperation and free trade.

SAP, along with other industry-leading companies of the Fortune Global 500, attended the event for the fourth year in a row and set up a booth that showcased the latest SAP technology solutions and delivered an immersive experience to the audience. Since officially taking on the role last August, Dr. Huang Chenhong, Executive Vice President of SAP and President of SAP Greater China, has been meeting with colleagues, customers, partners, and other industry leaders, aside from overseeing the company’s operations. During the 4th CIIE event, he said in a speech:

“The CIIE is not only an important bridge for strengthening Sino-foreign cooperation, but also an excellent platform to showcase innovative results. SAP has participated in four consecutive sessions and this time cutting-edge digital technologies such as cloud services, as well as the latest applications that support business transformation and industrial development.”

The German tech giant’s Business Transformation as a Service (BTaaS) offering RISE with SAP and the cloud transformation success stories of more than 50 clients were showcased in SAP’s exhibition area at the conference. The Industrial Internet, cloud-based SAP Concur Expense Management solutions, and digital intelligence collaborative supply chain innovations were also featured at the booth.

Meanwhile, according to James Veale, Co-Founder at GreenToken by SAP, the supply chain solution was an “instantaneous hit” at the stand where the local team promoted it to leaders who came from various sectors, including Energy and Natural Resources, Consumer Products and Industrial Machinery and Components.

Delivering SAP Technology Solutions and Services to the Chinese Market

Moreover, Dr. Huang noted that SAP expects to establish several strategic agreements with Chinese firms and governments at all levels in order to create a “win-win situation” for the industry and further foster the growth of China’s digital ecosystem. One of which is SAP’s recent partnership with the Industrial and Commercial Bank of China (ICBC) that aims to promote the rapid development of industrial financing and improve efficiency and reduce the risks of financial services by adhering to the premise of the industry that empowers the real economy. (InsideSAP Asia often references articles from websites in other languages to bring you as much information as possible.)

SAP stated that it will provide the state-owned commercial bank with a professional team to collaborate in terms of accelerating digital transformation, industrial finance, global corporate initiatives, financial technology, and joint innovation as a strategic customer and partner in the financial industry. Committed to delivering comprehensive financial products and services to almost 700 million individual customers and over 9 million corporate customers, ICBC intends to work closely with SAP to gradually build an industrial financial service platform and improve risk management and control, in addition to capturing and effectively using data from financial industry chains.

In a video keynote address presented at the conference, Christian Klein, Chief Executive Officer and Member of the Executive Board at SAP, said that SAP is very pleased to have a strategic collaboration with ICBC in the areas of industrial financing, sustainable development, and digital transformation. He further shared:

“Both parties will work together to empower China’s small, medium and micro-enterprises, accelerate industrial transformation, and promote the development of the digital economy. Based on ICBC’s industry insights and SAP’s advanced technology, the two parties will jointly establish a world-class supply chain financial platform and jointly create the “next-generation best practices” of industrial integrated financial services.”

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The independent German company—set to open offices in China and India this year—is dedicated to revolutionizing investments and asset management in the renewable energy sector by focusing on intelligent technology such as artificial intelligence (AI) and the Internet of Things (IoT). The intellitech company’s mission is to achieve a greener future through smart solutions and to remove roadblocks to investment in the clean energy space to boost the global economy.

With ARISTOTELES, the company has leveraged the technology of SAP HANA analytics and SAP Leonardo to mobilize global investments to renewable energy at scale. The DAaaS platform is built on SAP Cloud Platform and relies on IoT, Smart Data Analytics, Predictive Analytics and Machine Learning capabilities from SAP Leonardo to:

• maximize asset and portfolio performance;
• minimize investment risks by creating the highest possible standards of transparency; and
• maximize monetary returns.

In a statement, Kaiserwetter CEO and Founder Hanno Schoklitsch said:

“We built this platform because when we thought about what was really needed to tackle climate change, the answer was capital.”

“Investors want less risk and strong returns. This platform delivers the transparency investors need to make confident decisions in renewable energies. It will foster universal access to affordable energy, which is especially needed in regions like Africa, Asia, and South America.”

The partnership between SAP and Kaiserwetter began in 2015 and culminated with the creation of ARISTOTELES in 2018 to unlock private capital investments in renewable energies, achieve the objectives of the Paris Climate Agreement, drive success by creating transparency in the industry market and integrate technical and financial data in one solution.

The company utilizes SAP Hana predictive analytics in the executive-level platform to aggregate complex and unstructured technical, meteorological, and financial data from wind farms, solar parks, biomass, and hydropower stations and feed these continuously to learning algorithms. This process helps to detect energy asset failures before they occur so that operational issues can be resolved proactively, thereby allowing investors to make smarter decisions in managing the impact of reduced yields on assets and maximize return on investments.

Other Awards Received

Aside from SAP Innovation Awards, ARISTOTELES has won several other prestigious awards for its intelligent renewable energy asset management:

• Top 10 Asset Management Solution Providers USA 2019
• European CEO Awards 2019
• SAP Innovation Awards 2018
• Digital Leader Award 2018
• Best Renewable Energy Asset Manager – Germany 2018
• Top 100 Ideas of the Year

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