EasyPnP establishes JV with Onelink to provide procurement services
Chinese procurement platform EasyPnP is to form a procurement joint venture (JV) with Onelinkplus, a subsidiary of the Fosun Group, that provides credit, procurement, supply chain, financial, and other value-added services through an integrated online platform.
In a release, it said the JV will provide cost-effective enterprise procurement services, including printed materials, gifts, office supplies, office furniture, and packaging supplies, for portfolio companies within the Fosun Group.
EasyPnP will roll out its Easy Cloud Procurement Platform, which forces cloud computing and big data technology, to provide value added services such as procurement management SaaS, supply chain management and a customised management-approval system.
The platform will allow companies within the Fosun Group to monitor, manage and streamline their procurement processes, reduce procurement and operating costs, improve the efficiency of their supply chain management, and quickly respond to consumer demand.
EasyPnP currently connects over ten thousand suppliers with hundreds of thousands of corporate clients.
Ms. May Cheung, EasyPnP's Founder and CEO, commented: “Our cooperation with Fosun's Onelinkplus to jointly establish a procurement JV is our latest effort to provide enterprise procurement solutions and supply chain management.
“We look forward to further building out our technology platform, and working together with our partners to help promote the continued development of China's intelligent enterprise procurement market.”
SAP Ariba to digitise procurement for Expo 2020 suppliers
The global trade event, this year hosted in Dubai, was rescheduled from last year and will now take place between 1 October 2021 and 31 March 2022.
As the event’s Innovative Enterprise Software Partner, SAP Ariba solutions will fully digitise and automate the procure-to-pay lifecycle, providing a streamlined experience for thousands of market leading, global suppliers and strengthening the global supply chain with enhanced transparency and efficiency. The cloud-based platforms operate through on SAP Ariba’s UAE public cloud data centre and connects to the Ariba Network.
Expo 2020 "a long-term investment"
Mohammed AlHashmi, Chief Technology Officer, Expo 2020 Dubai, said the world trade event is “a long-term investment in the future that aims to enhance opportunities for sustainable business connectivity and growth”, which stretches beyond Expo 2020’s six-month window.
“Our partnership with SAP is an example of what can be achieved with the invaluable support of our technology partners to host one of the most digitally advanced World Expos ever,” he added. “The implementation of SAP Ariba solutions has transformed our end-to-end procure-to-pay cycle and helped set new standards of procurement automation for projects of this scale.”
To date, more than AED 1bn has already been transacted by Expo 2020 suppliers through SAP Ariba. The platform promotes collaborative partnerships and allows registered users to participate in sourcing events, negotiate and initiate contracts, and centralise their invoicing and payments in real time.
Claudio Muruzabal, President of EMEA South, SAP, said: “Expo 2020 Dubai is demonstrating global best practices in digitising its procurement process with SAP Ariba solutions to help gain visibility into its spend, tighten collaboration with its suppliers, and achieve process automation, including completely paperless invoicing.”
About Expo 2020 Dubai
Expo 2020 will take place in Dubai and is the first of the long-running World Expos to be hosted in the Middle East, Africa and South Asia territory. The original World Expo, called the Great Exhibiton, was hosted in 1851 at the Crystal Palace in London, designed as a showcase for the innovations of the Industrial Revolution.
Expo 2020 was originally due to run 20 October 2020 to 10 April 2021, but was last year postponed in light of COVID-19 restrictions - though some business has already taken place virtually. The event will place greater emphasis on innovation in sustainable solutions through the Sustainability District, blending technology and culture. It is expected that around 70 per cent of the 25 million attendees will be international visitors.