Procurement Focus: SAP Ariba - The Spend Management Network
SAP Ariba, the leading global Spend Management Network, enables companies to monitor spending and cut costs by allowing buyers and suppliers to collaborate together.
Having been acquired by SAP in 2012, Ariba became the world’s largest business software firm following the launch of its brand identity in 2016.
SAP Ariba is considered the place for companies to connect in order to get business done. More than $2.9trn in commerce is transacted annually on the Ariba Network, and SAP Ariba’s cloud-based solutions make it easy to collaborate and compete through its collaborative work on transactions, forming relationships as well as developing new business opportunities. More than 4.2 million companies in over 190 countries are connected on the Ariba Network to uncover new opportunities and work together on transactions with the view to further their relationships.
The Ariba Network is renowned as being a dynamic, digital marketplace where millions of buyers and suppliers exchange $2.9trn in business commerce every year. Buyers are set to manage the whole procurement process from source to settle whilst monitoring spending, watching for new sources of savings and establishing a healthy and ethical supply chain. The Ariba Network’s overall ambition is to enable buyers to accomplish and surpass their procurement transformation goals while increasing customer satisfaction, simplifying the sales cycle as well as enhancing cash flow.
SAP Ariba is open to all systems and a variety of types of goods and services; its unified name portrays to its customers the value of combining solutions for procurement and supply chain collaboration along with SAP’s expertise in enterprise application software and supply chain management. Its ambition is to enable its customers to become best-run businesses and enable the world to run better to improve people’s lives.
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