STOCK TITAN

Accenture Collaborates with SAP to Help Organizations Adopt Generative AI and Accelerate ERP Transformation in the Cloud

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
AI
Rhea-AI Summary
Accenture and SAP are collaborating to adopt generative AI in core business processes, improving business performance and employee productivity. Accenture will expand its capabilities in SAP Business AI technology and SAP Business Technology Platform to enhance the way enterprise users interact with SAP applications. They will leverage SAP's new natural-language generative AI copilot, Joule, to fundamentally change how business decisions are made. Accenture will help clients discover the business requirements and opportunities of generative AI, design and implement solutions, and scale generative AI for transformational change across the organization. They are exploring solutions in areas such as transitioning to SAP S/4HANA Cloud, industry-specific applications, supply chain management, and financial software. Accenture has already engaged with clients to pilot generative AI solutions in finance, wholesaling, life sciences, and metal and mining industries.
Positive
  • Accenture and SAP's collaboration on generative AI can enhance an organization's investment in SAP technology, improving business performance and employee productivity. They are exploring solutions in areas such as transitioning to SAP S/4HANA Cloud, industry-specific applications, supply chain management, and financial software. Accenture has already engaged with clients to pilot generative AI solutions in finance, wholesaling, life sciences, and metal and mining industries.
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- Accenture (NYSE: ACN) is collaborating with SAP to help organizations adopt generative AI across their core business processes. Together, the companies will create AI-enabled solutions and use cases that can enhance an organization’s investment in SAP® technology by improving business performance and employee productivity, accelerating time to value with SAP S/4HANA® Cloud.

Accenture is collaborating with SAP to help organizations adopt generative AI across their core business processes. (Graphic: Business Wire)

Accenture is collaborating with SAP to help organizations adopt generative AI across their core business processes. (Graphic: Business Wire)

Building on four decades of alliance partnership with SAP, Accenture will expand its capabilities in SAP Business AI technology and SAP Business Technology Platform (SAP BTP) to help clients power critical business processes in the cloud and enhance the way enterprise users interact with SAP applications. Accenture will also help enterprises leverage Joule®, SAP’s new natural-language generative AI copilot, to take the SAP software experience to the next level by fundamentally changing how business decisions are made.

“Accenture is helping clients across industries to responsibly use generative AI to reinvent businesses by transforming work, streamlining operations, enhancing customer experiences and driving sustainable growth,” said Karthik Narain, group chief executive – Technology, Accenture. “Through our strengthened collaboration with SAP, we can help our clients leverage the transformative potential of generative AI to address complex and pressing business needs, unlocking their full potential.”

Building on Accenture’s $3 billion investment in AI and tapping into the Accenture Center for Advanced AI, Accenture will help clients discover the business requirements and opportunities of generative AI; conduct rapid, value-focused experiments to measure and show benefits; design and implement solutions, update operating models, and scale generative AI for transformational change across the organization. Specifically, Accenture is exploring new solutions and use cases across the following areas:

  • Leveraging generative AI to help accelerate the transition from legacy SAP ERP Central Component to SAP S/4HANA Cloud by auto generating code, documentation and test scripts;
  • Infusing generative AI into industry-specific applications running on SAP BTP to strengthen and help accelerate interoperability within an organization’s digital core;
  • Enhancing a digital twin use case based on supply chain management software from SAP, including a generative AI-enabled chatbot that suggests a solution in response to supply disruptions to minimize revenue impact; and
  • Extending and personalizing a digital-twin chatbot based on financial software from SAP to improve ad-hoc reporting and analysis performed by customer finance organizations.

“Generative AI offers a whole new world of opportunities for our customers. By deeply embedding SAP Business AI capabilities into our business processes and analytics built on SAP Business Technology Platform (SAP BTP), organizations can create AI-powered extensions and applications, enabling them to keep up with the fast pace of innovation and maintain the flexibility they need,” said Juergen Mueller, chief technology officer, SAP SE. “Our partnership with Accenture allows us to bring SAP Business AI and SAP BTP together to create AI-enabled solutions and tools personalized to our customers’ needs to accelerate their realization of business value in the cloud.”

Accenture has already engaged with clients across industries to pilot generative AI solutions. For example, Accenture is working with an international wholesaler on an SAP financial transformation across more than 20 countries, integrating a generative AI-based translation solution using large language models (LLMs). Replacing the manual translation of internal documentation with an automated process has helped increase the speed and quality of translations.

A global life sciences company is working with Accenture to trial a generative AI-based chatbot that is integrated with SAP S/4HANA Cloud which can provide users with access to training videos, processes and documents with the ability to translate these materials into several languages. Accenture is also working with a metal and mining company on a transformation to SAP S/4HANA Cloud and is piloting generative AI application programing interfaces for code automation to deliver cloud-ready business applications, services and extensions faster and with less effort.

Drawing on its extensive experience helping organizations transform their businesses with SAP software, Accenture is infusing generative AI into the way it delivers solutions to clients to help compress transformation on SAP technology. Generative AI is helping Accenture teams accelerate and simplify the delivery of SAP software projects, getting to value faster.

For its finance organization, Accenture is combining SAP BTP with generative AI to support financial close activities each month. Chat notifications can concisely explain any key financial variances that require immediate attention, providing finance leadership with early alerts, customized to their role, helping them make informed decisions in a moment when time is at a premium.

About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 733,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

Hannah Unkefer

Accenture

+1 206 839 2172

hannah.m.unkefer@accenture.com

Francine Fiano

Accenture

+1 203 913 1503

francine.fiano@accenture.com

Source: Accenture

FAQ

What is the collaboration between Accenture and SAP about?

Accenture and SAP are collaborating to adopt generative AI in core business processes, improving business performance and employee productivity.

What areas are Accenture and SAP exploring for generative AI solutions?

They are exploring solutions in areas such as transitioning to SAP S/4HANA Cloud, industry-specific applications, supply chain management, and financial software.

What industries has Accenture engaged with to pilot generative AI solutions?

Accenture has already engaged with clients in finance, wholesaling, life sciences, and metal and mining industries to pilot generative AI solutions.

Accenture PLC

NYSE:ACN

ACN Rankings

ACN Latest News

ACN Stock Data

226.90B
624.69M
0.07%
73.1%
0.92%
Information Technology Services
Services-business Services, Nec
Link
United States of America
DUBLIN