Fintech News Risk Management

Procurement Solutions from SAP Help Businesses Shift to New Normal

Valley Bank Digitally Transforms Financial Systems with SAP and EY

SAP SE announced that leading companies across the globe selected SAP Ariba and SAP Fieldglass solutions to continue their digital transformation journeys, reducing risk, managing costs and getting work done while keeping supply chains intact to successfully navigate through the current economic upheaval.

Read More: Former U.S. Secretary of Commerce, Penny Pritzker, Doubles Down on Payments Infrastructure Pioneer Finix

More Than 75 New Customers, 240 Renewals and 200 Go-Lives
Organizations around the globe chose procurement solutions from SAP in the first quarter of 2020, including Latin America’s No. 2 Coca-Cola bottler Arca Continental S.A.B. de C.V., German commercial bank Helaba, Japanese IT services provider Hitachi Systems Ltd., Mexican home appliance maker Mabe, U.S. energy company Murphy Oil Corp. and U.S.-based PSEG Energy Holdings LLC.

Read More: Remitly Partners With Alipay to Offer International Remittances

During the first quarter, hundreds of companies completed new implementations of SAP Ariba and SAP Fieldglass solutions, including these:

  • Carlsberg Group A/S, a Danish global brewing company, went live with SAP Ariba Buying and Invoicing and SAP Ariba Catalog solutions as part of its migration from the SAP Supplier Relationship Management application to increase compliance and improve spend visibility and control, accounts payable automation and overall user experience.
  • Vestas Wind Systems A/S, a Danish company that designs, manufactures, installs and services wind turbines across the world, continues to drive efficiency in its procurement operations with its latest rollout of SAP Ariba Sourcing and SAP Ariba Contracts solutions integrated with the SAP Signature Management applications by DocuSign. The company is now expanding its digital transformation to streamline collaboration with suppliers and mitigate risk with SAP Ariba Supply Chain Collaboration for Buyers and SAP Ariba Supplier Risk solutions.
  • Furukawa Electric Co. Ltd., a Japanese high-tech manufacturing company with Latin American headquarters in Brazil, recently rolled out SAP Ariba solutions, automating and standardizing its sourcing and supplier lifecycle and performance processes. By digitally transforming its procurement function, Furukawa Electric expects to improve productivity and realize savings within a few months.
  • Grundfos, a Danish provider of pumps for heating, air conditioning, irrigation and other uses, recently implemented SAP Ariba Supply Chain Collaboration for Buyers, with support from Accenture, to streamline processes, transactions and interactions with suppliers. Onboarding suppliers globally will continue in the upcoming years.

Network and Cloud-Based Solutions Match Supply with Demand
In response to supply chain disruption caused by COVID-19, SAP opened access to the SAP Ariba Discovery solution, allowing buyers to post immediate sourcing needs and permitting suppliers on Ariba Network to respond. Since the March 10 announcement, buyer postings and supplier responses increased by 58 percent and 404 percent respectively.

Read More: Finhabits Launches Microlearning Journeys to Help Diverse Communities Build Healthy Financial Habits

Related posts

CPI Card Group and Visa Launch Payment Card Made With Up to 98 Percent Upcycled Plastic

Fintech News Desk

TNS Targets Continued Global Growth With Key Strategic Appointment

Fintech News Desk

Makor Group First in CME’s Micro Ether Futures

Fintech News Desk
1