SAP Ariba is a cloud-based innovative solution that allows suppliers and buyers to connect and do business on a single platform. It improves over all vendor management system of an organization by providing less costly ways of procurement and making business simple. Ariba acts as supply chain, procurement service to do business globally. SAP Ariba digitally transforms your supply chain, procurement and contract management process.
In today’s world, there is a need to control your supply chain and to collaborate with your suppliers in an efficient way. To enable healthy supply chain, you need to have suppliers with visibility to every part of procurement process so that they can maintain an efficient supply chain and help organizations to grow their and own business.
The cloud based innovative solution was first developed in 1996 by a company named Ariba and was later acquired by SAP in 2012 with a total acquisition cost of 4.3 billion USD with each share cost $45. Thus, the name SAP Ariba. At the onset, Ariba was a B2B company to do procurement over Internet and was the first one to introduce IPO in 1999.
In this section, we will learn about the key features of SAP Ariba.
SAP Ariba is a B2B solution that allows you to connect to the world’s largest network of vendors and suppliers and enhance business collaboration with the right business partners.
SAP Ariba allows organizations to connect with the right suppliers with deep visibility to your inside vendor and procurement management processes giving way to error free business transactions.
With SAP Ariba, you can directly connect Ariba network with millions of suppliers meeting your business needs and managing supply chain.
SAP Ariba network removes overall complexity in procurement process and suppliers and buyers can manage all key terms of vendor management on a single network.
With acquisition of SAP, Ariba can easily integrate with different SAP ERP solutions like SAP ECC and S/4 HANA with easy to configure workflows to automate different processes in complete procurement cycle.
You can easily integrate master and transactional data from different ERP solution to Ariba processes.