SYDNEY--(BUSINESS WIRE)--When it comes to agriculture and farming, procurement is a different game. It needs to be simple and efficient. But it also must be done in compliance with rules and regulations designed to protect consumer health and environmental safety. Nufarm Limited knows this. And the global crop protection company will share the story of how it is using solutions from SAP Ariba to deliver on both fronts at SAP Ariba Live, the premier business commerce conference taking place today at the Hyatt Regency Sydney.
“Nufarm is on a mission to grow a better tomorrow, and to execute it, we need a supply chain that is not only efficient and cost-effective, but ethical and sustainable,” said David Bury, Global Chief Procurement Officer, Nufarm. “Using SAP Ariba’s solutions, we have been able to drive a more strategic approach to sourcing that has not only simplified the process and improved our costs, but given us greater transparency and insight into our supply chain. And this has helped us to minimize our risk and ensure that we adhere to the highest standards of health, safety and environment protection and conduct our business activities without adverse impact on the communities in which we operate.”
For years, Nufarm took a regional approach to sourcing. But as its business expanded, the company began to realize a more connected, collaborative process was needed. So, like more than 3.4 million companies in 190 countries – including nearly 10,000 in Australia - Nufarm connected to the Ariba® Network and began using the cloud-based applications on it to streamline things across the enterprise. And it quickly began seeing results:
- End-to-end visibility and control over more than 1.8 billion AUD in indirect and direct spend
- Consistent compliance with corporate procurement policies
- Improved communication with suppliers
- 80 percent reduction in number of invoices processed without a valid purchase order
“In the old days, procurement was all about lowering costs and driving efficiencies,” said M. Jason Wolf, General Manager, SAP Ariba, Asia Pacific and Japan. “Today, many companies are looking to the function to do more. And innovators like Nufarm are leveraging digital technologies to not only improve their business, but the world around them.”
SAP Ariba delivers a comprehensive range of such solutions. To learn more about these offerings and the transformation they are helping to drive at companies around the world, visit www.ariba.com.
Nufarm is a leading global crop protection company which develops, manufactures and sells a wide range of crop protection products, including herbicides, insecticides and fungicides, that help crop producers protect their crops against damage caused by weeds, pests and disease. We sell our products in most of the world’s major agricultural regions. We also have a proprietary seed technologies business with a portfolio covering canola, sorghum and sunflower crops. For additional information, visit the company’s website at www.nufarm.com.
SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than 3.4 million companies and 190 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 over $2.1 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 404,000 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.