New York Tech Media
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
New York Tech Media
No Result
View All Result
Home Benzinga

Pioneering a Unique SAP ADDON that Redefines e-Order and e- Invoicing

New York Tech Editorial Team by New York Tech Editorial Team
November 6, 2024
in Benzinga
0
Pioneering a Unique SAP ADDON that Redefines e-Order and e- Invoicing
Share on FacebookShare on Twitter

Written by Anne Schulze

A trailblazer emerges to redefine the enterprise technology industry. With over two decades  of experience in SAP systems, Arnd Dixit, currently a key figure at ABOR-TECH LTD.  acquired Nord-envation AB in 2024, has crafted a unique solution that meets the evolving  needs of contemporary businesses.

Leading the Charge in ERP System Transformation 

Dixit’s journey in the tech sector reflects his dedication to refining complex business  processes to tackle prevalent hurdles in e-order capturing and e-invoicing, envisioning a  transformative change. “My tenure with global corporations revealed major gaps in current  systems,” recounts Dixit, an SAP Senior EDI Solutions Architect at Nord Envation AB. “A  cohesive, integrated solution was imperative.” 

The fruit of Dixit’s labor is a central dashboard with the latest feature empowered with AI,  developed over nine years, aimed at transforming the SAP ecosystem. This innovation  streamlines e-order and e-invoicing processes by focusing on integrating operations directly  within the SAP backend, thus eliminating the need for costly external systems..“Our focus  was centralising operations to the core backend, moving away from heavy and costly  reliance on external systems,” Dixit clarifies. This strategy optimises operations, marking a  significant advancement in ERP applications and groundbreaking a new strategy and  approach away from decentralised policy. 

Elevating Enterprise Efficiency with Cutting-Edge Technology 

Recent market trends and forecasts highlight a growing demand for integrated, efficient ERP solutions. Dixit’s creation aligns perfectly with this shift, offering a novel solution in a market  poised for change. “Our product changes the game by offering a backend solution that’s  both agile and robust,” Dixit asserts. 

For instance, the European ERP software market is driven by the increasing automation  needed to streamline business operations and integrate ERP in SMEs for scalability. The  surge in demand for cloud-based and mobile ERP solutions for real-time data access and  the integration of advanced technologies like AI, blockchain, and ML catalyse this expansion. 

Dixit’s innovation is crucial as businesses constantly seek ways to optimise their operations.  He aimed to set a new industry standard with a product that addresses current demands and pioneers future ERP solutions. This vision is embodied in his copyright and patent-pending  product, endorsed by SAP, which boasts a plug-and-play capability that dramatically reduces implementation time from months to weeks, challenging the status quo of solution providers. 

The distinctiveness of Dixit’s SAP ERP ADDON product lies in its departure from  conventional ERP solutions that necessitate intricate coding, leading to high initial and  ongoing costs and requiring extensive IT support. By ensuring direct backend integration  with SAP ERP systems, including SAP S/4HANA, the solution facilitates real-time data  processing and negates the need for external middleware. This integration supports various  formats and standards, aligning with global business practices and compliance  requirements, offering a comprehensive e-order and e-invoicing solution. 

Empowering Businesses with Flexible E-Invoicing Solution 

As e-invoicing AI powered solutions become increasingly necessary and countries across  the globe are required by new legislation to harmonise, standardise, and securely send  invoices to their trading partners while reducing bureaucracy and ensuring security and  protection against scams, this digital transformation holds significant importance for  companies. However, these companies often have limited choices and are frequently compelled to make rapid decisions by hastily hiring a consultancy. This approach inevitably  leads to a heavy dependence on an external party for designing, planning, developing,  testing, and implementing the solution, which requires a minimum of 12 months for the full  implementation, depending on its complexity.

Dixit was recently at an e-invoicing summit in Singapore, where he noted that consultancies  typically need at least four months for implementation for einvoicing, with development  coding being a major factor in costs. These costs are not one-time but recurring. Companies  often do not anticipate the need and rely on consultancies and solution providers’ resources  to undertake this job, resulting in significant maintenance on middleware systems and often  sacrificing data logic mapping and maintenance on external systems, thus losing integrity. 

Dixit’s solution addresses this issue by offering an alternative that reduces development  costs and dependency through its smart, intelligent strategy and an integrated approach that manages all complexities. “The coding logic is not developed anew but adapted to the new  system environment and resides on the backend core ERP system, saving significant costs,  time, and dependency on satellite and external systems,” he said. 

“Dependency on satellite systems can be significantly reduced, though not completely  eliminated, due to the traditional existing infrastructural setup. The ADDON enables  companies to adapt and scale within their existing landscape,” Dixit added. 

This game-changing strategy is significant, helping companies retain their integral data and  business logic without sharing it with external providers. The model moves companies away  from traditional licensing, providing flexibility and enabling significant cost and time  reductions. This approach allows companies to focus more on testing throughout the  lifecycle implementation. 

Envisioning the Future of Streamlined ERP Operations 

Facing evolving challenges in ERP management, Dixit’s contributions are a move towards  more seamless and approachable systems. His contributions are seen as the first step  towards an ongoing evolution within the industry to innovate and continually push the  boundaries of ERP. “Our achievement marks a stride towards enhancing ERP accessibility  and efficacy for diverse businesses,” he observes. 

This forward-thinking approach seeks to simplify the complexities of enterprise resource  planning, enabling businesses to operate with unparalleled efficiency and insight. Dixit’s  vision includes simplifying enterprise resource planning to enable businesses to operate with enhanced efficiency and deeper insights. 

Moving away from traditional solution provider methodologies to utilising the right tools, such as the ADDON Tool “P-sales Interface Cockpit/Suite©,” Arnd Dixit’s solution addresses and replaces the challenges posed by conventional methods, establishing a new benchmark in  the ERP industry. His innovations catalyse ongoing evolution in the industry, promising a  future where ERP solutions are only more effective and universally accessible. Furthermore, the ADDON product is now accredited by the Australian Peppol Authority  which is the Australian Taxation office and New Zealand under the Trans-Tasman Mutual  Recognition Arrangement (TTMRA). 

“The journey is ongoing, and I aim to provide businesses with tools that enable them to  manage all activities in a single place, moving away from monotonous administrative  involving scattered tasks and using diverse transactions. The tool is designed to play a  strategic role in achieving company objectives. The ADDON Tool should be leveraged for  business intelligence analysis, AI and automating error correction, positioning the end user  as a pilot—this is the next level,” Dixit concludes.

Previous Post

Planning for Success: A Comprehensive Guide to Generative AI Integration

Next Post

Hedge Funds vs. Private Equity: Investment Strategies Explained

New York Tech Editorial Team

New York Tech Editorial Team

New York Tech Media is a leading news publication that aims to provide the latest tech news, fintech, AI & robotics, cybersecurity, startups & leaders, venture capital, and much more!

Next Post

Hedge Funds vs. Private Equity: Investment Strategies Explained

  • Trending
  • Comments
  • Latest
Meet the Top 10 K-Pop Artists Taking Over 2024

Meet the Top 10 K-Pop Artists Taking Over 2024

March 17, 2024
Panther for AWS allows security teams to monitor their AWS infrastructure in real-time

Many businesses lack a formal ransomware plan

March 29, 2022
Zach Mulcahey, 25 | Cover Story | Style Weekly

Zach Mulcahey, 25 | Cover Story | Style Weekly

March 29, 2022
How To Pitch The Investor: Ronen Menipaz, Founder of M51

How To Pitch The Investor: Ronen Menipaz, Founder of M51

March 29, 2022
Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

March 29, 2022
UK VC fund performance up on last year

VC-backed Aerium develops antibody treatment for Covid-19

March 29, 2022
Startups On Demand: renovai is the Netflix of Online Shopping

Startups On Demand: renovai is the Netflix of Online Shopping

2
Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

1
Menashe Shani Accessibility High Tech on the low

Revolutionizing Accessibility: The Story of Purple Lens

1

Netgear announces a $1,500 Wi-Fi 6E mesh router

0
These apps let you customize Windows 11 to bring the taskbar back to life

These apps let you customize Windows 11 to bring the taskbar back to life

0
This bipedal robot uses propeller arms to slackline and skateboard

This bipedal robot uses propeller arms to slackline and skateboard

0
Coffee Nova’s $COFFEE Token

Coffee Nova’s $COFFEE Token

May 29, 2025
Money TLV website

BridgerPay to Spotlight Cross-Border Payments Innovation at Money TLV 2025

May 27, 2025
The Future of Software Development: Why Low-Code Is Here to Stay

Building Brand Loyalty Starts With Your Team

May 23, 2025
Tork Media Expands Digital Reach with Acquisition of NewsBlaze and Buzzworthy

Creative Swag Ideas for Hackathons & Launch Parties

May 23, 2025
Tork Media Expands Digital Reach with Acquisition of NewsBlaze and Buzzworthy

Strengthening Cloud Security With Automation

May 22, 2025
How Local IT Services in Anderson Can Boost Your Business Efficiency

Why VPNs Are a Must for Entrepreneurs in Asia

May 22, 2025

Recommended

Coffee Nova’s $COFFEE Token

Coffee Nova’s $COFFEE Token

May 29, 2025
Money TLV website

BridgerPay to Spotlight Cross-Border Payments Innovation at Money TLV 2025

May 27, 2025
The Future of Software Development: Why Low-Code Is Here to Stay

Building Brand Loyalty Starts With Your Team

May 23, 2025
Tork Media Expands Digital Reach with Acquisition of NewsBlaze and Buzzworthy

Creative Swag Ideas for Hackathons & Launch Parties

May 23, 2025

Categories

  • AI & Robotics
  • Benzinga
  • Cybersecurity
  • FinTech
  • New York Tech
  • News
  • Startups & Leaders
  • Venture Capital

Tags

3D bio-printing acoustic AI Allseated B2B marketing Business carbon footprint climate change coding Collaborations Companies To Watch consumer tech crypto cryptocurrency deforestation drones earphones Entrepreneur Fetcherr Finance Fintech food security Investing Investors investorsummit israelitech Leaders LinkedIn Leaders Metaverse news OurCrowd PR Real Estate reforestation software start- up Startups Startups On Demand startuptech Tech Tech leaders technology UAVs Unlimited Robotics VC
  • Contact Us
  • Privacy Policy
  • Terms and conditions

© 2024 All Rights Reserved - New York Tech Media

No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital

© 2024 All Rights Reserved - New York Tech Media