Leading marketplaces join forces to provide
simple, compliant way for Latin American companies to manage ad-hoc
purchases
In an environment where wild currency fluctuations are the norm,
it’s hard to buy the right goods at the right prices from the right
suppliers. SAP Ariba and Mercado Libre, Inc. (NASDAQ: MELI) are out
to change this. The companies today announced plans to bring SAP
Ariba® Spot Buy, an innovative capability through which companies
can find and easily purchase specialty items needed to run their
businesses, to Latin America. The news came during SAP Ariba Live,
the premier business commerce conference being held this week at
The Cosmopolitan of Las Vegas.
“Ad-hoc purchases in general are difficult because they are
extremely time sensitive and most companies lack the resources to
manage them. Add to this the price swings that naturally occur in
high inflationary environments, and they become even more
challenging,” said Tony Alvarez, General Manager, SAP Ariba Spot
Buy.
Simple and Compliant
More than 17,000 buyers and sellers in Latin America are
connected to the Ariba® Network. During the last 12 months,
companies in the region have exchanged more than 1 million purchase
orders worth close to $18 billion and in excess of two million
invoices valued at nearly $7.4 billion. Transacting globally over
$1 trillion in commerce on an annual basis, SAP Ariba is the
world’s largest, most global business network.
Mercado Libre is Latin America's leading e-commerce technology
company. The site ranks among the top 50 in the world in terms of
page views and is the leading retail platform in unique visitors in
the major countries in which it operates. Mercado Libre will be the
first source of supply for SAP Ariba Spot Buy in Latin America.
“We are excited to partner with SAP Ariba to provide the most
extensive product supply in Latin America and an exceptional
experience for corporate buyers. Mercado Libre, as the ecommerce
leader in Latin America, is launching its first B2B experience. We
are confident that it will be a great success," said Karen Bruck
Corporate Sales Director, Mercado Libre.
Intelligent and Efficient
Pairing SAP Ariba’s business network and cloud-based procurement
applications with Mercado Libre’s expansive catalogues for indirect
goods, SAP Ariba Spot Buy automatically matches buyer demand with
seller supply in an efficient digital marketplace to drive a
simple, transparent process for making ad-hoc purchases.
With SAP Ariba Spot Buy, companies can search for items that
aren’t listed in their corporate catalogues in the SAP Ariba Spot
Buy catalogue. And through configurable business rules, spot
buy-specific workflow and online payment tools, they can
automatically make purchases in line with their corporate policies,
pay for and have things shipped in a fast and secure manner.
“This is a useful feature, as one-off, emergency items can
account for as much as 15 percent of indirect spend due to
inefficient procurement, higher transaction costs, reduced
transparency, and an unmanageable long ‘tail’ of suppliers,” says
Predrag (PJ) Jakovljevic, Principal Analyst, Technology Evaluation
Centers. “Using SAP Ariba Spot Buy, companies can improve their
processes for managing this spend and ultimately lower their
costs.”
Availability
SAP Ariba and Mercado Libre intend to roll out SAP Ariba Spot
Buy in Argentina first, with additional markets in Latin America to
follow soon after. To learn more about SAP Ariba Spot Buy and the
value it can deliver visit: www.ariba.com.
About Mercado Libre
Founded in 1999, Mercado Libre is Latin America's leading
e-commerce technology company. Through its primary platforms,
MercadoLibre.com and MercadoPago.com, it provides solutions to
individuals and companies buying, selling, advertising, and paying
for goods and services online.
MercadoLibre.com serves millions of users and creates a market
for a wide variety of goods and services in an easy, safe and
efficient way. The site is among the top 50 in the world in terms
of page views and is the leading retail platform in unique visitors
in the major countries in which it operates according to metrics
provided by comScore Networks. The Company is listed on NASDAQ
(Nasdaq: MELI) following its initial public offering in 2007. For
more information about the Company visit:
http://investor.mercadolibre.com.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the
Ariba Network, buyers and suppliers from more than 2.5 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 345,000 customers to operate profitably, adapt
continuously, and grow sustainably. For more information, visit
www.sap.com.
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SAP AribaKaren Master, +1-412-297-8177karen.master@sap.com
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