SAP Update on its Commodity Management Business

I recently had a briefing from the SAP Commodity Management solution management team led by VP, Anja Strothkaemper – the first update in over a year. There was a lot of news to take onboard including that SAP says it closed 20 new name customers in 2022 for its Commodity management solution. The new customers included representatives of the auto industry, coal, mining, Ags and softs and travel, and transportation, I was told. It also went live with a variety of oil and agricultural customers, a trading firm and agrichemical firm and has a strong and diverse funnel of opportunities to work on. It was also hard at work adding significant enhancements working with customers on co-innovation projects in various areas. These included solutions like SAP Agricultural Contract Management, where it added a great deal of flexibility for merchants around contracts, increased automation and added personalization features. Merchants can now more easily handle unplanned deliveries during the harvest period and assign deliveries to contracts and prices in a user-friendly way. Another area of innovation was in prepayment management to allow prepayments to farmers in terms of cash or barter to help finance crop cycles or prepayments in international trade. Another… continue reading

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