SAP intros AI-powered expense solution for Concur, and more

At its annual SAPPHIRE conference, SAP debuted the SAP Business Network to connect supply chains into what it calls a unified and collaborative network. The platform hopes to help business communities improve business outcomes, better navigate changing economic and geopolitical conditions, and increase contributions to sustainability.

Also new is the Verify service, a new feature of SAP Concur solutions, which uses artificial intelligence and machine learning to automatically identify potential expense report issues and anomalies. The AI models are built from analysis of more than $1 trillion in spend and tens of millions of expenses and receipts. Verify is built to approve expense reports that have no issues while flagging anomalies for auditors to review.

SAP Process Insights solution is a new part of the business process intelligence (BPI) portfolio and is designed to help companies analyze and improve their real-world business processes. EY, Deloitte and Infosys Limited are the initial strategic partners working with the BPI portfolio from SAP to help organizations make best use of the technology. These partnerships combine the insights delivered through BPI process capabilities with the consultancies’ implementation expertise, tools and methodologies.