SAP Ariba Ranked Among World’s Best Financial Supply Chain Solutions
January 18 2017 - 8:30AM
Business Wire
Company named best eProcurement and Invoice
Discount Management provider by Global Finance Magazine
For the tenth consecutive year, SAP Ariba has been ranked among
the world’s best and most innovative financial supply chain
solutions. The company today announced that it has been named Best
eProcurement and Best Invoice Discount Management Provider as part
of an annual survey that will publish in the February issue of by
Global Finance Magazine. SAP Ariba was selected by the
publication’s editorial team, with input from industry analysts,
corporate executives and technology experts on the basis of its
market share and global coverage, product innovation, customer
service, technology, execution skills and client-specific
implementations.
“Supply chain finance is a hotbed of application development,
with much that has moved past proof-of-concept stages to
prototypes, pilots and products. The coming year should see more
interesting developments emerging,” said Joseph D. Giarraputo,
publisher and editorial director of Global Finance. “At this time
of rapid industry change, our awards aim to identify the partners
best able to help multinationals identify and implement innovations
– while also keeping up with regulatory and market shifts.”
SAP Ariba delivers a comprehensive range of solutions that
combine the speed and simplicity of cloud-based applications with
the connectivity and intelligence of the business network to
deliver full visibility along with insights and intelligence that
companies can use to transform their financial supply chains.
Using Ariba Discount Professional™ for instance, buyers can
accelerate payments for approved invoices to key suppliers in
return for discounts, earning an immediate return on their cash.
And sellers can gain increased visibility into future cash flows,
certainty in payment timing and the ability to use cash sooner to
fund daily business needs. In the past 12 months, nearly $1 billion
in invoices have been accelerated for payment using the solution,
resulting in savings of more than $16.5 million for buyers and cash
on hand for their suppliers.
With AribaPay™, buyers and sellers can digitize the payment
process and complete it with the same speed, simplicity,
reliability and security that consumers do. Identified as the Most
Disruptive and Best B2B Innovation, AribaPay has been used to
process more than $113 billion in payments since its launch in July
2014.
“To win at chess, you need the ability to see the whole board
and how each move impacts the rest. The same is true for effective
financial supply chain management,” said Drew Hofler, Senior
Director, Financial Supply Chain Solutions, SAP Ariba. “At SAP
Ariba, we are focused on delivering solutions that enable companies
to see the big picture and execute a highly integrated cash
management strategy. We are pleased to again be recognized by
Global Finance Magazine for our efforts and will continue to push
the envelope in delivering innovations that simplify and improve
the efficiency of the entire source-to-settle process.”
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and
readers in 180 countries. Global Finance’s audience includes
senior corporate and financial officers responsible for making
investment and strategic decisions at multinational companies and
financial institutions. Global Finance also targets the
8,000 international portfolio investors responsible for more than
80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and
articles that are the heritage of 28 years of experience in
international financial markets. Global Finance is
headquartered in New York, with offices around the
world. Global Finance regularly selects the top
performers among banks and other providers of financial services.
These awards have become a trusted standard of excellence for the
global financial community.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the
Ariba Network, buyers and suppliers from more than two million
companies and 190 countries discover new opportunities, collaborate
on transactions and grow their relationships. Buyers can manage the
entire purchasing process, while controlling spending, finding new
sources of savings and building a healthy supply chain. And
suppliers can connect with profitable customers and efficiently
scale existing relationships – simplifying sales cycles and
improving cash control along the way. The result is a dynamic,
digital marketplace, where more than $1 trillion in commerce gets
done every year.
To learn more about SAP Ariba, visit www.ariba.com.
About SAP
As market leader in enterprise application software, SAP (NYSE:
SAP) helps companies of all sizes and industries run better. From
back office to boardroom, warehouse to storefront, desktop to
mobile device – SAP empowers people and organizations to work
together more efficiently and use business insight more effectively
to stay ahead of the competition. SAP applications and services
enable approximately 335,000 customers to operate profitably, adapt
continuously, and grow sustainably. For more information, visit
www.sap.com.
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SAP AribaKaren Master, 412-297-8177karen.master@sap.com
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