Procurement is a crucial- continuous activity in business management. To optimize this process, many businesses are looking for up-to-date solutions instead of using traditional methods, which are time-consuming, difficult to arrange, and costly. One of the top trusted digital procurement solutions is SAP Ariba.
1. The unique points of SAP Ariba
SAP Ariba is a cloud-based innovative solution that allows suppliers and buyers to connect and do business on a single platform. Compared to other similar solutions on the market,
SAP Ariba is considered to be more outstanding and breakthrough based on its creativity and powerful integration:
▶︎ Innovative: Reshape how procurement works with SAP intelligent technology, simultaneously artificial intelligence (AI), and machine learning to provide targeted content and tailored next steps throughout the procurement process. Meanwhile, the system also automatically issues invoices; orders to reduce exceptions and increase accuracy.
▶︎ Manage all spending in one place: Gain more control over spending by bringing all into one system. By integrating direct materials procurement into the Product Lifecycle Management (PLM) system and process, clients can bring effective cost control to product planning and protect their margins through delivery.
▶︎ Control spending globally: Nowadays, SAP Ariba is available in more than 190 countries and 24 languages, supported by 13 global data centers, to help businesses simplify spending and strengthen compliance worldwide. Besides, the system can eliminate manual tax data maintenance and integrate global tax intelligence with transactions automatically; supporting businesses to be consistent with regulatory requirements across 85 countries.
▶︎ Collaborate over SAP Business Network and non-SAP: Automatically share information with suppliers to sync businesses’ needs with their capacity. Thus, it enhances the accuracy of invoices to speed up both processing and payments.
2. Modules of SAP Ariba
SAP Ariba can aggregate and control source-to-pay all processes, enhancing the procurement efficiency in businesses with some of the following strategies:
Sourcing/Supplier Collaboration: Businesses can manage and optimize entire sourcing, contracting, and spend analysis processes for all types of spend – direct and indirect materials as well as services through:
- Aggregate and classify all purchases, company-wide.
- Gain visibility, segment spend, and identify savings opportunities.
- Standardize source-to-contract processes across teams and business units.
- Drive materials cost savings and optimization across all spend categories.
- Ensure that the savings you negotiate are fully realized.
- Increase speed and drive up throughput across your teams.
- Reduce risk by finding better suppliers and innovation partners.
Supplier Management: With SAP Ariba solutions, it’s easy to drive spending to preferred suppliers and reduce risk every step of the way, from supplier onboarding and qualification to segmentation and performance management:
- Get a unified supplier record with a high degree of confidence in the data.
- Integrate consistent supplier qualification and segmentation with other procurement processes.
- Scale supplier risk management and compliance to your entire supply base.
Procurement Solutions: The system recreates the entire experience to guide users to the best choices in the least amount of time:
- Rethink the experience to remove obstacles that can distract users, improving the buying experience with intelligent technologies.
- Link all spending categories together all around the world to tackle spending in every market and manage it all in one place.
- Automatically adapting to individual market requirements.
Financial Supply chain: With these financial supply chain management solutions and services, businesses can achieve visibility throughout the source-to-pay process, improve supplier relationships, and realize fast ROI:
- Mitigating supply chain risk by strengthening suppliers' ability to manage their cash needs
- Boosting free cash flow and freeing up working capital to fund your growth initiatives
- Automating invoice capture and approval for greater efficiency and compliance
- Delivering more control over payables, cash, and Days Payable Outstanding
The SAP ecosystem, which supports smart procurement strategy is extremely diverse with integrated applications and architectures such as:
- SAP Ariba Buying
- SAP Ariba Buying and Invoicing
- SAP Ariba Invoice Management
- SAP Ariba Sourcing
- SAP Ariba Contracts
- SAP Ariba Discount Management
- SAP Ariba Supplier Risk
- SAP Ariba Supplier Lifecycle and Performance
- SAP Ariba Spend Analysis
- SAP Ariba Supply Chain Collaboration for Buyers
- SAP Ariba Network
It’s believed that intelligent procurement management solutions like SAP Ariba are becoming the leading trend and gradually replacing traditional methods, creating digitalization’s opportunity for a bold and bright procurement future. During more than 14 years of establishment and development, CMC Consulting is proud to be a SAP Gold Partner with the mission of Providing consulting services - Deploying comprehensive SAP solutions for businesses. CMC Consulting is committed to accompanying businesses with high-quality services and successful case studies all around the world.
Contact us:
Hotline: 024 7106 5555 - Ext: 8700
Email: contact.cmcconsulting@cmc.com.vn
CMC Consulting
01/12/2022
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