Dear,
In the last few months, we have become familiar with Mark Zuckerberg's Metaverse initiative, which promises us a virtual world focused on social connection and facilitated by Virtual and Augmented Reality.
Personally, I have doubts about the short-term potential of the initiative, and the capacity of monetizing it in the short-medium term. Before his corporation loses the competitive edge it gained from the successful launch of Facebook 18 years ago.
Furthermore, and with much less publicity in the mass media, SAP is developing a network that will revolutionize business interaction much sooner than most expect.
The success of an initiative is the result of two forces, market pull and technology push, or in other words what the technology offers and what the market demands.
SAP Business Network for Supply Chain has come at the best time to successfully combine the two forces.
SAP Business Network for Supply Chain is an open logistics network that connects business partners for inter-company collaboration and insights. SAP Logistics Business Network provides a central entry point to manage logistics transactions, exchange documents with key business partners, and gain transparency across the complete value chain.
https://www.youtube.com/watch?v=0Jp46bdOCY4&list=PLmGEBnWFTjqRlZIf5EaqJNUEoJecbJ5WX&index=3
SAP is the Information Technology that manages approximately 70% of the world's GDP and in the last 30 years has standardized business processes, to the point of becoming the language with which organizations interact.
The integration processes between companies managed with SAP such as Purchases, Sales, Logistics Planning, etc. are carried out fundamentally with this Technology, enjoying that compatibility and homogeneity of processes and thereby reducing integration costs and improving coordination between them.
Standardization is not limited to Technology but also to Human-Computer interaction. As a curiosity, you can find how many Logistics Director or Financial Director job offers require knowledge of SAP.
As I heard a colleague say a few weeks ago; "SAP is to today's business community what the Latin language was to the Roman Empire."
Additionally, The global business community has been under severe stress since December 2019. First, the COVID-19 pandemic and the corresponding lockdowns, which reduced economic activity until the summer of 2021. With the economic revival came supply chain disruptions that were increasing during the Autumn of 2021 until they got out of control with the Russian military intervention in Ukraine.
The shortage of energy, raw materials and all kinds of products and services is not going to disappear in the short-medium term, in fact for many experts it is structural.
In this environment, only the coordination of business processes, based on the availability of accurate and real-time information on the status of these processes, can improve the level of service and reduce the waste of resources.
For all of the above, SAP Business Network for Supply Chain is going to have rapid acceptance, much faster than Mark Zuckerberg's Metaverse. It is in a position to offer what the market demands in a time of great need.
But this great initiative has a limitation, among the business partners that participate and collaborate, we will not find Financial Services providers.
The reason is the scant presence of SAP technology in banking and insurance corporations, which isolates them from business reality because they do not speak the same language. And it prevents them from being effectively integrated into the business processes of 70% of the World's GDP.
Our team detected this opportunity 10 years ago and we started working on the solution.
Optimizing solvency and liquidity requires synchronizing flows of consumption and generation of capital and liquidity, with business flows, sharing information that allows synchronization.
To do so, we follow the same logic that SAP has followed in its deployment in the real economy for the last 30 years. First we implement the SAP Banking processes, following the SAP Best Practices.
Second, we modeled the business processes of the real economy, in terms of generation and consumption of capital and liquidity, on SAP Banking systems.
In this way, we have the technology to proactively offer financial instruments, covering the capital and liquidity gaps of the business processes and optimizing the consumption of capital and liquidity of the system.
Making an analogy, it would be like the Vendor Managed Inventory processes, typical of logistics, but adapted to the reality and constraints of Financial Services.
We are working on presenting our system to the market and looking for business partners and investors. If you are interested, do not hesitate to contact me at ferran.frances@capitency.com
Looking forward to reading your opinions.
Kindest Regards,
Ferran Frances.
www.capitency.com
Join the SAP Banking Group at: https://www.linkedin.com/groups/92860
Visit my SAP Banking Blog at: http://sapbank.blogspot.com/
Let's connect on Twitter: @FerranFrancesGi
Ferran.frances@capitency.com
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