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Slide EY & SAP Co-Innovation Blockchain Powered Business Network Triple Entry Accounting Impress me! Slide ...a time-consuming back and forth Paper War Procure-to-Pay and Order-to-Cash Buyer >> Supplier - P2P- and O2C-Process today are „not integrated“ between Buyer and Supplier

- Countless supporting documents are being processed, sent back and forth and stored as evidence

- Duplicative data entry of the same transaction into 2 separate ERP-Systems

Slide Procure-to-Pay and Order-to-Cash
Supplier >> Auditor Buyer and then, along comes your auditor and... - reconciles these transactions again during the financial statement audit
- sends out confirmational letters to the other parties
- inspects and reviews the documents stored as evidence
- does so all at once at the year end
 Slide Imagine one could take out all the media discontinuity
and duplicative data entry…
Imagine suppliers and buyers could work seamlessly in
each others ERP-Systems…
Imagine they could do so, without having to change their
established workflow…
What is the solution to this whishful thinking? Slide Enter Blockchain Powered Business Network Auditor Buyer Show Demo Buyer Buyer Supplier Show Demo A secure, integrated and paperless way of interacting with your business partners
enabling Audit in real-time.

The BPBN integrates directly into your established SAP-Workflow. Minimal cost of adoption.
Slide Use the Blockchain as a process integration-vehicle, that sits leightweightly on top of your ERP-System to connect you with your buyers and suppliers. Blockchain Powered Business Network Blockchain Powered Business Network Empower your P2P- and O2C-Process with Blockchain Technology Install Slide Blockchain Powered Business Network Start Demo Add Blockchain-integration to your SAP with a few clicks Use the Blockchain as a process integration-vehicle, that sits leightweightly on top of your ERP-System to connect you with your buyers and suppliers. Seamlessly place or receive orders directly in or from the ERP-Systems of participating buyers or suppliers without having to change your established workflow. Use the Blockchain as a facilitating mediator that handles requests and approval via smart contracts and records every step in a tamper-proof transaction-log to provide transparency and prevent fraudulent actions. This application enables real-time audit by EY and relieves you from the obligation to keep transaction-receipts, as the evidence for each transaction’s occurrence can be proven via the blockchain logs.
Empower your P2P- and O2C-Process with Blockchain Technology Slide Purchase Order Received In a first step, your buyer has created a purchase order in SAP. The order is pusto hed fully automatic in your system as an incoming PO. Slide Convert to Sales Order ...and can then be converted into a sales order-draft with one click. Secure connection via peer-to-peer blockchain Sales Order Slide By being connected via Blockchain, the customer had direct access to your product catalog and your agreed quantity discounts when creating the PO. Place Sales Order Items Shipping Details Order Details You can either suggest changes or place the sales order right away. By being connected via Blockchain, the customer had direct access to your product catalog and your agreed quantity discounts when creating the PO. Slide Place Sales Order Items Shipping Details Order Details You can either suggest changes or place the sales order right away. >> Like this the transaction is registered and validated by both parties. >> >> ... and stored within a block, which is added to a bilateral blockchain. The Sales Order is encrypted, hashed and... And it doesn't stop here: When you set up your blockchain app, you can authorize your auditor to participate in the channel. Your auditor can now validate the transaction and confirm its occurrence in real time. >> Slide Purchase Order Confirmed Shipping Details Items Order Details Place Sales Order The item has been shipped Slide Create Invoice Now it's time to create the invoice. Process Ready for invoicing Create Invoice Slide Your Invoice is here Accept Invoice The invoice is being accepted. Slide >> All transactions have been securely stored in the blockchain. No further documentation is needed. EY can now perform a real-time audit of your transaction Slide Auditor Buyer Buyer Supplier Buyer The Blockchain powered Business Network allows a secure and integrated way of interacting with your business partners. Lengthy audit processes will be a thing of the past.

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Blockchain Powered Business Network

Procure-to-Pay and Order-to-Cash are a time-consuming back and forth Paper War because ERP-Systems are not integrated today. Thorsten and I tackled this during our time at EY together with SAP creating a triple entry accounting solution based on blockchain. 

Wagestolz

Wagestolz
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