LAS VEGAS--(BUSINESS WIRE)--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 that kicks off today at Caesars Palace in Las Vegas.
“Procurement innovation and excellence are not the exclusive domain of large enterprises,” said Jason Wolf, Global Head, 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.”
To learn more about SAP Ariba Snap and the value it can deliver for your organization, click here.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than three million companies and 180 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships – simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where nearly $1 trillion in commerce gets done every year.
To learn more about SAP Ariba, visit www.ariba.com
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 378,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
# # #
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2018 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.