Leading companies unifying procurement operations, says SAP Ariba
SAP Ariba has announced that in Q3, more than 150,000 new selling organisations to the Ariba Network where nearly 3,000 opportunities worth more than $7.5bn were posted through SAP Ariba Discovery.
The amount of commerce transacted on the network on annual basis soared to nearly $1trn.
SAP Ariba said leading companies such as Ferrero Group, The Whirlpool Corporation and Faurecia have embraced digital procurement and are reaping various benefits from the integrated platform.
Ferrero, the world’s third-largest chocolate manufacturer chose SAP Ariba solutions to drive efficiency and compliance across its source-to-settle process and operate an integrated platform which consolidates all spend and drives collaboration with a global network of partners from sourcing and orders through invoicing and payment.
“For years we tackled procurement using different systems and applications,” said Jane Scott, Ferrero Group CIO.
“We are sure that now, through an integrated platform on which we can consolidate all of our spend and collaborate with a global network of partners on everything from sourcing and orders through invoicing and payment, we will better achieve our goals.”
In addition to unifying procurement, companies around the globe are also turning to SAP Ariba to make the function smarter.
As of September 30, more than 750,000 users have turned on SAP Ariba’s guided buying capabilities, a market-leading innovation through which procurement organisations can create a contextual experience that automatically leads users to the goods and services they need to do their jobs, then guides them through making purchases in compliance with company policies and processes.
These users are logging in more than 15,000 times per day and managing over $5bn in spend.
Among the companies that got on board with guided buying in the third quarter: Faurecia, a global leader in automotive seating, interior systems and clean mobility solutions with a presence in 35 countries, which will use the capabilities as a key element of its procurement strategy to achieve spend compliance and significant cost savings.
During the third quarter, more than 150,000 new selling organisations – or more than one per minute – connected to the Ariba Network where nearly 3,000 opportunities worth more than $7.5bn were posted through SAP Ariba Discover.
And the amount of commerce transacted on the network on annual basis soared to nearly $1trn.
“Like any small business, our first question before signing up was ‘what is this process going to cost and will it be worth it?’,” said Mitchell Ross, CEO of Sydney-based Muru Office Supplies. “But we were familiar with SAP Ariba and knew it was a reputable platform, so we jumped right in.
“SAP Ariba gives us a lot of freedom. We have more opportunities to sell to our customers, which produces more revenue and profits to give back to the community.”