A new co-innovation approach was launched by PwC and SAP with the goal of integrating sustainability into everyday company operations. The goal of the strategy is to develop dependable answers to the major business problems associated with environmental, social, and corporate governance (ESG). It covers supply chain emission reductions, climate risk, and competitive analysis in addition to carbon measuring, reporting, and steering.
The current partnership between PwC and SAP, which has successfully provided business transformation solutions to clients in more than 80 countries, forms the foundation of the new ESG approach.
The strategy comprises co-innovated solutions made possible by PwC's extensive ESG and accounting knowledge, with the goal of empowering businesses to use reliable, auditable, and verifiable ESG criteria throughout their operations. Together with the SAP Sustainability Control Tower and SAP Product Footprint Management solutions, the solutions make use of SAP® Cloud for Sustainable Enterprises. Collectively, PwC and SAP assist businesses in utilising the solutions necessary to meet regulatory standards, stimulate growth, and meet the rising demands of consumers and investors. Additionally, they help clients shape the direction of their sustainability reporting and net zero approach.
Solutions for an enterprise wide ESG strategy are included in the PwC and SAP plan, spanning from third-party risk management to competitive analysis and trade optimization. There will also be discussion of the following three key ESG, net zero, and sustainability reporting issue areas:
- Submitting and disclosing aiding in meeting the needs of lenders, investors, regulators, and customers for materially reporting and disclosing investor-grade carbon measurement data.
- Operationalizing sustainability encourages the direct integration of ESG factors, particularly those related to carbon concerns, into corporate processes including trading, capitalisation, and tax.
- Support for ESG measures is extended through supply chain risk management, monitoring, and compliance to include the effect of suppliers on organisational performance.
PwC and SAP are committed to assisting businesses in meeting the reporting and auditability standards set by the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG) (ISSB). Additionally, they assist businesses in adhering to a similar rule that the U.S. Securities and Exchange Commission has suggested (SEC). The real-time, data-driven environment that customers need to run and expand the sustainable enterprise of the future is made possible by solutions from PwC and SAP.
Review Results: SAP Achieves "Best Software" Ranking from TrustRadius for Numerous Solutions
The first TrustRadius Best Software List, which comprises goods catering to the changing market and offering end users products and service to satisfy their business needs, included five SAP solutions to the list. Topping both the For Mid-Sized and Overall Best Software Lists, SAP SuccessFactors, SAP S/4HANA Cloud, SAP HANA Cloud, SAP Data Warehouse Cloud, and SAP Analytics Cloud received badges. The For Enterprise List also recognised SAP SuccessFactors, SAP S/4HANA Cloud, and SAP HANA Cloud.
Here are a handful of the customers' evaluations of the five products listed on the Best Software List.
The SAP Business Technology Platform's SAP Analytics Cloud combines analytics and planning with a special connectivity to SAP applications and easy access to diverse data sources.
The multisource business intelligence service of the SAP Business Technology Platform, SAP Data Warehouse Cloud, offers data modelling, networking, virtualization, and access throughout the company.
With a single database-as-a-service (DBaaS) foundation for modern analytics and applications among all enterprise data, SAP HANA Cloud enables security, privacy, and anonymization with demonstrated enterprise reliability, giving businesses access to trustworthy actionable information from a single solution.
With the help of AI and analytics, SAP S/4HANA Cloud is a fully modular cloud enterprise resource planning (ERP) solution created for every business need. It enables companies to run mission-critical operations in real time from any location, introduce new industry business models, and grow internationally.
Including basic HR and payroll, talent management, HR analytics and workforce planning, and employee experience management, SAP SuccessFactors offers a comprehensive, international suite of HR solutions.
Source: https://news.sap.com/2022/11/sap-earns-trustradius-best-software-list/
