We check out how SAP’s spend management options might help procurement operations in a digitally remodeling world.
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As a results of this altering enterprise panorama, “business leaders recognise that central to any successful growth strategy is managing business spend, not just efficiently, but holistically. Chief procurement and financial officers have reached their limit with a siloed approach to managing business spend,” feedback Pat McCarthy, Senior Vice President and General Manager at SAP Ariba and SAP Fieldglass.
In a latest interview with James Lee, Chief Operating Officer at SAP Ariba and SAP Fieldglass, we gained perception into the spend management strategy at SAP Ariba.
“SAP Ariba is the only true procure, source-to-settle, end-to-end solution provider, that also addresses all of the expense categories. We also possess the largest B2B network in the world,” he explains. “We have more than 4mn suppliers and buyers in over 190 countries connected to our network and nearly US$3trn in commerce is flowing through it annually. Based on commerce value, we’re larger than eBay, Alibaba, and Amazon combined — that’s a pretty incredible number.”
Lee goes on to clarify that profitable management of spend is vital. However, to realize this it takes far more than elevated compliance and decreased prices, subsequently, SAP Ariba leverages Intelligent Spend Management (IMS) to permit for smarter and sooner spend choices.
“Our customers expect to see a unified strategy, product roadmap and go-to-market interface that addresses all of the spend categories,” commented Lee. “We don’t want to deal with one team that looks at indirect, another at services and one that deals with travel expenses. You’re one company, so it’s important to have one space and one product. Under ISM, we have Ariba, Fieldglass and Concur as one family. Combining these three organisations together is the best way to serve our customers.”
Recently, SAP launched a listing of its partnerships with industry-leading corporations who’re adopting its ISM software program options. With SAP’s options the comapnies purpose to maximise the effectivity of their procurement operations.
Those among the many checklist included: Coca-Cola HBC, Ford Motors Co., the New York Yankees, RCD Hotels, Allegiant Travel Co., BRK Ambiental and FEMSA.
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