SAP Ariba has announced a new solution aimed at helping mid-market companies digitise their procurement activities.
The technology, known as SAP Ariba Snap, is a packaged offering that it says will enable fast-growing companies to drive simple, efficient process for managing spend from end-to-end, quickly deliver results.
“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 digitise the source-to-settle process from end to end and run simpler and smarter than ever.”
The solution is designed to provide simple, affordable and scalable implementation options led by SAP Ariba partners that enable growing enterprises to quickly get on the path to digitisation and begin delivering results.
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, SAP Ariba claims.
SAP Ariba Snap offers the following:
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: Companies can access the world’s largest network of more than three million companies to find and immediately buy millions of items from vetted suppliers around the world.
Invoicing: Replace 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.