More money is being spent than ever before across multiple platforms and payment methods while business moves more quickly than ever. Customers demand greater efficiency, higher quality, the best possible user experience, and complete disclosure of the global impact that the organisation is making to the world.
Procurement is more important for businesses now more than ever. It is the responsibility of procurement and supply chain managers to keep costs under control, to manage the risks embedded in the transactions, and to accomplish all without letting the process impede productivity. Utilizing market leaders in spend management software, SAP Ariba solutions and SAP Business Network; businesses can be more responsive and accountable both now and in the future.
Benefits
- Source
Utilize insights from expenditure analysis to make smarter sourcing selections. In order to save money on both direct and indirect materials, bargain best-value agreements. The built-in contract management capabilities will help reduce risk and accelerate the contract lifecycle.
- Procure
Using the largest range of e-procurement solution capabilities can save costs and risks of ensuring compliance. A straightforward aided purchasing process can direct employees to the most favoured vendors. Employees can confidently transact with all the vendors using Ariba Network.
- Pay
Increased efficiency of financial supply chain by turning payables into valuable assets. Automating the whole accounts payment process, from invoice entry to approval allows suppliers to see their payments, enhanced working capital and cash flow management to lower supply chain costs and liquidity concerns.
- Maintain business continuity
Utilize industry’s leading spend management tools for sourcing & procurement, to digitalize and completely integrate the source-to-pay process. The data-driven insight and supply chain visibility is required to reduce supplier risk and to build a long-term resilience against supply chain interruption. Additionally, by collaborating with suppliers in real-time and forming strong alliances with other members of the world’s greatest business network, companies can promote innovation and growth.