PALO ALTO, Calif.--(BUSINESS WIRE)--SAP SE (NYSE: SAP) today announced Nobel Laureate Professor Muhammad Yunus, known as the “father of social business and microcredit,” will deliver an inspiring closing keynote session at the SAP® Ariba® Live event in Singapore. The premier global procurement and supply chain conference, where companies come to connect to get business done and spend better, is set to take place August 20–22 at the Raffles City Convention Centre in Singapore. SAP Ariba Live will bring together buyers and suppliers across Southeast Asia to network and explore how intelligent spend management can help drive greater efficiencies, transparency and accountability for their pursuit of purpose along with doing good business.
Professor Yunus will close SAP Ariba Live in Singapore with his moving story of how he embraced the term “spend better” by using the power of investment to help change the world. Fueled by the belief that credit is a fundamental human right, Professor Yunus established the Grameen Bank in Bangladesh in 1983. His objective was to help poor people escape poverty by providing loans on suitable terms and teaching sound financial principles for them to successfully help themselves. By highlighting the power of community, the meaning of a truly global society and the role of business leaders in driving positive change, attendees can expect to leave SAP Ariba Live inspired to take action and make a difference.
Starting in the mid-1970s by making small loans — much of which was personally funded — to destitute basket weavers in Bangladesh, Grameen Bank has advanced to the forefront of a burgeoning world movement to eradicate poverty through microlending. In 2006, Professor Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize. He is one of only seven individuals to have received the Nobel Peace Prize, the U.S. Presidential Medal of Freedom and the U.S. Congressional Gold Medal. In 2015, a Financial Times article entitled "Business Pioneers in Finance" placed Professor Yunus alongside Warren Buffett, Amadeo Giannini, Henry Kravis, J.P Morgan and Mayer Amschel Rothschild as one of the greatest business finance pioneers of all time.
SAP Ariba Live in Singapore will host a community of buyers, suppliers and partners to discuss using digital business networks and emerging technologies to drive efficiency and intelligence into spend management while advancing social initiatives.
For more information on this premier global commerce conference, visit www.aribalive.com.
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.
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