SAP Ariba is an online solution catered to delivering a cloud-based procurement platform for the needs of both buyers and suppliers. It is touted as one of the world’s leading business commerce networks where businesses of all sizes can connect to their trading partners anywhere, at any time, and from any application or device to buy, sell, and manage their cash more efficiently than before.
SAP Ariba combines industry-leading cloud-based applications with the world’s largest Internet-based trading community to help companies discover and collaborate with a global network of partners. Companies around the world use the software to simplify inter-enterprise commerce and enhance the results that they deliver.
Overview of SAP Ariba Benefits
SAP Ariba provides cloud-based solutions to make it easier for businesses to collaborate and compete. Installation requires no costly hardware or software, and no upgrades are expected on the user’s behalf. Companies can simply access it on a multi-tenant platform through a user-friendly interface, wherever they may be, or whatever browser they are using. It can also be integrated to any existing ERP or back-office system as it extends their functionality, and allows users to share processes and collaborate with trading partners towards a more competitive business commerce.
SAP Ariba offers spend management solutions and expertise that reveals everything about a company’s spending habits and uses that knowledge to help users negotiate better deals. Users are also connected to a diverse network of high-quality suppliers who can lower costs for goods and services while minimizing risks while ensuring compliance. There is also the financial chain management which utilizes new capabilities, intelligence, and global reach to transform liabilities into strategic assets.
With SAP Ariba, users now have a simple, smart, and open way to connect all systems and stakeholders through the powerful global Ariba Network. Being part of this network enables users to reduce costs, mitigate risks, and get products to the market thanks to comprehensive solutions such as the integration of sourcing and product design teams, item cost tracking, contract compliance enhancement, supply availability tracking and assessment, and reduction of excess inventory, among many others.