SAP Ariba Reveals Secrets to Highly Effective Procurement
September 27 2016 - 8:30AM
Business Wire
New podcast outlines how technology, data and
digital networks are fueling innovation and business transformation
at leading companies
Procurement is more complex than ever. Supply chains stretch
around the globe. Regulation is on the rise. And risk is heightened
across all fronts. But innovative companies have figured out how to
overcome these challenges. And SAP Ariba reveals their secrets in a
new podcast published on The Briefings Direct Network.
“Procurement today is a different game,” said Dana Gardner,
Principal Analyst with Interarbor Solutions and host of the
Briefings Direct series. “Once viewed as a back-office task, it has
emerged as a key differentiator and driver of business value. And
to execute it well requires totally new ways of thinking and
acting.”
Best-in-class organizations understand this. And according to
the results of a survey conducted by SAP Ariba, they are tapping
technology, big data and digital networks to fuel a simple, more
collaborative source-to-pay process that is changing the game.
Done as part of SAP Ariba’s Benchmark Program, the measure
analyzed more than $350 billion in spend data across 3,500
categories for companies connected to the Ariba® Network and found
that top performers:
- Manage source-to-pay as an end-to-end
process, not a series of discreet tasks
- Have an integrated platform from which
they manage all of their spend, not disparate point solutions
- Leverage technology to fuel greater
collaboration, not just automate tasks
- Connect to networks to access
intelligence, not just transact
And they are delivering for their organizations. “As a result of
their willingness to think outside the box and enable a
technology-enabled, data-driven approach to procurement, these
best-in-class outfits have more spend under management, drive
greater savings and efficiencies and are transforming their
operations,” said Kay Ree Lee, Director, Value Realization, SAP
Ariba.
To hear more about the best practices that define source-to-pay
excellence, tune in to The Secrets of Highly Effective Procurement.
To dive deeper into the results of the SAP Ariba Benchmark Survey
and learn how to drive procurement excellence across your
organization, click here.
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 320,000 customers to operate profitably, adapt
continuously, and grow sustainably. For more information, visit
www.sap.com.
Any statements contained in this document that are not
historical facts are forward-looking statements as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Words such
as “anticipate,” “believe,” “estimate,” “expect,” “forecast,”
“intend,” “may,” “plan,” “project,” “predict,” “should” and “will”
and similar expressions as they relate to SAP are intended to
identify such forward-looking statements. SAP undertakes no
obligation to publicly update or revise any forward-looking
statements. All forward-looking statements are subject to various
risks and uncertainties that could cause actual results to differ
materially from expectations. The factors that could affect SAP's
future financial results are discussed more fully in SAP's filings
with the U.S. Securities and Exchange Commission ("SEC"), including
SAP's most recent Annual Report on Form 20-F filed with the SEC.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
© 2016 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well
as their respective logos are trademarks or registered trademarks
of SAP SE in Germany and other countries. Please see
http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark
for additional trademark information and notices.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160927005406/en/
SAP AribaKaren Master412-297-8177karen.master@sap.com
SAP (NYSE:SAP)
Historical Stock Chart
From Aug 2024 to Sep 2024
SAP (NYSE:SAP)
Historical Stock Chart
From Sep 2023 to Sep 2024