How GROW with SAP for Scaleups Helps Growing Companies with AI

I had the opportunity to speak at a webinar about GROW with SAP for Scaleups and AI in Cloud ERP solution. We talked about how it helps businesses grow and scale using AI. I was joined by SAP’s Philip Johannesson and Viji Subramanyam, CFO of Noveon Magnetics. Together, we explored how SAP’s public cloud solution, SAP S/4HANA Cloud Public Edition makes AI useful and accessible for startups, scaleups, and hyper growth companies like yours. You can register to watch the recording here.

How AI is Changing Business Today

Many companies use AI to make decisions faster and work better. A recent Gartner report shows that 60% of businesses use at least one AI tool. Companies see AI as more than a trend; it helps solve problems and improve operations. For example, companies can leverage built-in AI in Cloud ERP to reduce decision time with real-time insights.

Though there are clear benefits; however, using AI can be hard, especially for startups and scaleups. Data quality is key because, as they say, "garbage in, garbage out." Startups and scaleup companies may also lack resources to hire data experts. GROW with SAP for Scaleups provides built-in AI in SAP S/4HANA Cloud Public Edition, allowing users to benefit directly from AI integration within the Cloud ERP, enabling faster decision-making and access to financial insights. Philip said, “SAP provides a way for end users in any department to leverage AI, without needing a huge team of data scientists.”

A Reliable and Secure Platform for Growth

SAP S/4HANA Cloud Public Edition is more than just an ERP tool. It has features that help businesses grow, expand, and speed up everyday work. During the webinar, Philip showed how the AI copilot, Joule, works. Joule lets users ask questions and get quick answers. It even shows the source of information, so users can trust what they see.

Another feature is built-in business insights. This tool creates detailed reports quickly, saving users a lot of time. Reports that used to take days can now be made in a few clicks.

It’s cost-effective, too, which helps companies grow without needing complex systems. SAP also takes data privacy and security seriously, so business information stays safe.

A Real-Life Example: Noveon Magnetics

Viji Subramanyam, CFO of Noveon Magnetics, shared her company’s experience with SAP S/4HANA Cloud Public Edition. Noveon makes rare-earth magnets used in products like electric vehicles and household appliances. As Noveon grew, they realized that using Excel was not enough to manage their work.

Noveon chose SAP S/4HANA Cloud Public Edition because it is flexible and can grow with them. The cloud version lets them adjust the system to their needs while keeping costs low. Joule in SAP S/4HANA Cloud Public Edition helps Noveon manage inventory, plan production, and track finances—all important tasks for a growing company. Viji said, “SAP’s scalability and agility align with our growth strategies, ensuring we have the tools and insights to support our success.”

Joule in SAP S/4HANA Cloud Public Edition helps companies (1) make decisions quicker, (2) get financial insights, and (3) automate tasks to focus on your road to profitability. For growing businesses like Noveon, its flexible solution helps them work smarter and grow faster. Whether you're in an early stage or preparing for exit, your growth trajectory requires a constant evolution of skills, systems, and future planning. GROW with SAP for Scaleups will help you to scale your business, boost operational efficiency, and expand with confidence. 

Joule in SAP S/4HANA Cloud Public Edition makes advanced technology easy to use, even for small teams. Kick off and support exponential growth with a cloud-native solution for up to six months free with partnership perks. You can check your eligibility here.