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Procurement orchestration is a digital approach that coordinates all procurement aspects (processes, systems, stakeholders) for efficiency, visibility, and collaboration. It aligns procurement with business goals, enabling strategic focus and responsiveness beyond simple automation.

Global supply chains thrived for 30 years due to optimization strategies like lean manufacturing, outsourcing and operating efficiently in a stable environment. However, recent demand and supply shocks, like the panic buying seen during the pandemic, exposed their vulnerability to sudden shifts, causing both shortages and drastic declines in demand for certain products.

There are two versions of SAP Business One – Microsoft SQL Server and Version for HANA. In this video, we see Richard using the Microsoft SQL Server version. This is because even though the functionality exists in both versions, Version for HANA has more advanced analytics and capabilities.

The annual financial statement work is one of the most important requirements for analysing the development of a company. Therefore, before auditing the annual accounts, you should check the preparatory work. After all, preparation is fifty percent of the rent! Examples include the inventory, opening balance, balance confirmations, buildings/operating equipment and numerous other pieces of information. Therefore, one should think about it in advance so that the year-end closing can start with a good feeling.

Top 5 business trends in 2025. 2025 marks the halfway point of a decade that’s already brought profound upheaval and transformation across technology, politics, and society.

A heartfelt thank you to our valued customers. We are grateful for the opportunity to serve you and help your business thrive. Thank you for choosing 4most and SAP Business One. Let's continue to innovate and grow together in the coming year.

Cloud computing allows you to store and access data and programs over the Internet instead of on your computer's hard drive. The "cloud" is essentially the internet. Everyday Examples: Using Google Drive or iCloud to save photos and documents, streaming movies on Netflix, or running software like Adobe Creative Cloud and Microsoft Office 365 directly from the internet.

SAP Business One Identity and Authentication Management (IAM) service allows users to authenticate with their Identity Provider’s (IDP) user when Signing-in to SAP Business One. An identity provider is a trusted provider that lets you use single sign-on (SSO) to access other websites. SSO enhances usability by reducing password fatigue. It also provides better security by decreasing the potential attack surface. Connecting SAP Business One with an Identity provider can help you manage user access in a secured manner without compromising on user experience during sign-in to SAP Business One.

The coding of the tax codes is freely selectable. Inactive codes cannot be used when entering documents. The category also determine whether a tax code is used in purchase or sales documents. The "EU" characteristic determines whether documents with this tax code are relevant for the recapitulative statement. Further specifications relate to the type of service, such as intra-Community deliveries, other services or triangular transactions, as well as the definition as acquisition tax or reverse charge tax.

Last week in Barcelona, during SAP Sapphire in 2024, I had the honor of inviting several SAP customers on stage to share their stories of business transformations. One of them was Rob Coombe, CIO of Royal Eswatini Sugar (RES). He spoke about his company’s journey in the public cloud and how it has enabled them to adopt a company-wide digital mindset, save 14% to 18% on their costs, and attract new graduates to work in their remote operations, among other benefits.

A smooth support experience and efficient support teams work together to delight and retain customers when it comes to customer support. Stefan Steinle, executive vice president and head of Customer Support, SAP SE, shares more about how the Customer Support organization at SAP is harnessing artificial intelligence (AI) to help bring innovative improvements and deliver value to businesses.

As a pioneer of spend management software, SAP has been on the cutting edge of how to best comprehensively manage company spend and supplier relationships. Like at home, identifying every dollar you spend and getting the most out of it is more critical than ever for your business. And as we continue to roll out SAP Business AI technology, the teams behind SAP solutions are working on ways to help you reduce the time spent on mundane tasks so you can focus on executing your strategy.