PALO ALTO, Calif.--(BUSINESS WIRE)--SAP Ariba today announced a new partnership with Tokyo Shoko Research, Ltd. (TSR) to integrate data on more than 8.4 million Japanese companies covering over 200 evaluation criteria into the SAP® Ariba® Supplier Risk solution.
Companies today must be prepared for all types of risks in order to stay in business, and supplier risk management is one essential factor to consider. However, it can be difficult to quickly understand information from multiple suppliers and make timely decisions.
SAP Ariba Supplier Risk enables companies to continuously monitor supplier risk and initiate the appropriate due diligence with their suppliers, in order to avoid unnecessary risk and prevent supply chain disruptions. The solution can access risk intelligence data from over 500,000 sources, including news sites, government data, disaster information systems and other public and private sources, and can automatically monitor over 280 risk incidents. Moreover, supplier profiles, operations, risk profiles and more can be combined into a single yet comprehensive 360-degree view.
Through this collaboration, data evaluated by TSR that covers over 200 criteria across more than 8.4 million Japanese companies will be integrated into SAP Ariba Supplier Risk to dramatically increase the accuracy of supplier risk management for Japanese users. The information provided by TSR not only includes content from company visits and direct interviews conducted by TSR investigators throughout Japan, but also includes comparisons with industry averages and more. Users can easily understand business evaluation data provided by TSR as well as information from various sources in a single view with SAP Ariba Supplier Risk, allowing them to make situationally appropriate business decisions in a timely manner while also improving collaboration with trading partners.
About SAP Ariba & SAP Fieldglass
SAP Ariba & SAP Fieldglass is how companies connect to get business done and spend better. With SAP Ariba & SAP Fieldglass, businesses can manage the buying process across all categories of spend – from direct and indirect goods and services to external workforce. On Ariba Network, buyers and suppliers from more than 4.2 million companies and 190 countries discover new opportunities, collaborate on transactions, grow strong relationships, and build healthy supply chains. It’s where more than $2.9 trillion in commerce gets done every year. SAP Fieldglass is used by organizations in more than 180 countries to find, engage and manage flexible workforces that include non-payroll workers and service providers. With SAP Ariba & SAP Fieldglass, companies are transforming how they manage all categories of spend with improved operational efficiency and compliance, increased agility and accelerated business outcomes. To learn more visit www.ariba.com and www.fieldglass.com.
As the cloud company powered by SAP HANA®, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enable more than 413,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
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