Corporate TreasuryFinancial Supply ChainSAP Ariba makes procurement a snap for mid-market

SAP Ariba makes procurement a snap for mid-market

When it comes to taming the complexity of procurement, size doesn’t matter. Mid-market companies face the same challenges in managing their spend and suppliers as their larger peers and should have access to the same enterprise-class technology they use to overcome them.

When it comes to taming the complexity of procurement, size doesn’t matter. Mid-market companies face the same challenges in managing their spend and suppliers as their larger peers and should have access to the same enterprise-class technology they use to overcome them. Now they do, thanks to SAP Ariba Snap, a new, packaged offering from SAP Ariba that provides fast-growing companies with everything they need to drive a simple, efficient buying process that quickly delivers results. The company will showcase the solution – and the success it is driving for companies around the world – at SAP Ariba Live, the premier business commerce conference at Caesars Palace in Las Vegas.

“Procurement innovation and excellence are not the exclusive domain of large enterprises,” said Jason Wolf, global head of strategic growth initiatives, SAP Ariba. “With SAP Ariba Snap, mid-market companies can leverage the full strength of SAP Ariba’s market-leading cloud-based applications and business network to digitize the source-to-settle process from end to end and run simpler and smarter than ever.”

Doing the Heavy Lifting

SAP Ariba Snap provides simple, affordable and scalable implementation options led by SAP Ariba partners that enable growing enterprises to quickly get on the path to digitization and begin delivering results. And there’s nothing light about it. Using the solution, mid-market companies can leverage decades of best practices alongside market-leading software to automate every step of the source-to-settle process and beyond savings and efficiencies, drive real business value.

Sourcing: Collaborate with trading partners, compare bids side-by-side, and award business to suppliers that can deliver what’s needed, when needed, on the most optimal terms.

Orders: Access the world’s largest network of more than 3 million companies to find and immediately buy millions of items from vetted suppliers around the world.

Invoicing: Replace tedious manual processes with efficient digital ones to speed accuracy, approvals, payments and delivery.

Contracting: Create a simple, consumer-like experience that makes it easy for end users to buy from preferred vendors in line with company policies to increase spend under control and drive compliance.

Supplier Management: Find and onboard trading partners around the world and automatically update their information to accurately match opportunities with capabilities and manage performance.

Working Capital Management –Accelerate payments for approved invoices to key suppliers in return for a discount to improve cash flow and management.

Partnering for Success

Many SAP Ariba partners around the world currently offer SAP Ariba Snap packaged solutions. “Premikati has developed several industry-specific SAP Ariba Snap implementation packages to accelerate time to value no matter the vertical the client is in,” said Chad Buchanan, COO of Premikati.  “And we can have a customer using the solution in as little as eight to 12 weeks.”

And mid-market companies are reaping the benefits of the collaborative approach. “SAP Ariba came in with the resources on day one to do the heavy lifting and get us up and running and take care of our customization requests,” said Matt Volker, Vice President of Supply Chain for NatureSweet, who has implemented SAP Ariba Snap with the help of SAP Ariba partner Nitor Partners . “And we are confident it can be a solution in the long term for managing our aggressive growth.”

Related Articles

Green Finance Strategy announced for the UK

Financial Supply Chain Green Finance Strategy announced for the UK

2w Jay Ashar
Treasury Live: Is the future of banking more traditional than you think?

10 Minutes With The Treasury Treasury Live: Is the future of banking more traditional than you think?

3w Austin Clark
EU launches voluntary green bond standard

Banking EU launches voluntary green bond standard

3w Jay Ashar
Landmark and HSBC carry out dual-platform blockchain transaction

Asia Pacific Landmark and HSBC carry out dual-platform blockchain transaction

4w Jay Ashar
How can Supply Chain Finance help private equity-owned companies deliver higher value?

Supply Chain Finance How can Supply Chain Finance help private equity-owned companies deliver higher value?

1m The Global Treasurer
A comprehensive introduction to supply chain finance (including views of corporate treasurers)

Financial Supply Chain Regional A comprehensive introduction to supply chain finance (including views of corporate treasurers)

2m Will Moody
A bright future for trade finance

Letters of Credit/Open Account A bright future for trade finance

2m Dan Scanlan
Green bond demand continues to rise as ESG returns grow

Corporate Treasury Green bond demand continues to rise as ESG returns grow

3m Aaran Fronda

Whitepapers & Resources

TIS Sanction Screening Survey Report

Payments TIS Sanction Screening Survey Report

2w
Sanction Screening: The risk for companies is real

Payments Sanction Screening: The risk for companies is real

2m
Enhancing your strategic position: Digitalization in Treasury

Payments Enhancing your strategic position: Digitalization in Treasury

2m
Are You Ready to Implement your GRC Solution?

Are You Ready to Implement your GRC Solution?

3m