Transformed spend management efficiency and control through an end-to-end source-to-settle solution suite integrated into the digital core of SAP S/4HANA.At the onset, Ariba was a B2B company to do procurement over the Internet and was the first one to introduce IPO in 1999.
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. To enable a healthy supply chain, you need to have suppliers with visibility to every part of the procurement process so that they can maintain an efficient supply chain and help organizations to grow their and own business. In today’s world, there is a need to control your supply chain and to collaborate with your suppliers in an efficient way. SAP Ariba digitally transforms your supply chain, procurement and contract management process. Ariba acts as supply chain, procurement service to do business globally. It improves the overall vendor management system of an organization by providing less costly ways of procurement and making business simple. SAP Ariba is a cloud-based innovative solution that allows suppliers and buyers to connect and do business on a single platform. Now, customers can purchase SAP solutions, including SAP Ariba and SAP S/4HANA Cloud, like subscriptions and consume these solutions via web browsers on smartphones, tablets, and/or desktop computers.
No longer are perpetual licenses and large, upfront investments in both hardware and software necessary to acquire enterprise-level applications. In addition to the exponential growth and expansion of capabilities, the Internet has changed the way computing applications and interactions are leveraged by both customer and supplier. The SAP ERP suite of products has taken advantage of and driven this trend by offering ever faster and more integrated business applications, including the reunification of both online analytical processing (OLAP) and online transaction processing (OLTP) in SAP’s latest ERP production iteration, SAP S/4HANA. This procurement area has changed a great deal, as with all areas of computing, over Is still a core area supported within the SAP portfolio of products and solutions. Fast-forward almost half of a century, and procurement SAP customers procure items and services to support their day-to-day operationsĪnd to create and deliver goods and services to the marketplace or, in the case of the Supported in the first SAP ERP applications. Procurement was an early business process SAP was founded in 1972 with the vision of providing integrated applications supportingīusiness processes in real-time.
In this Blog will try to understand about Ariba and its benefits Welcome to another interesting topic in SAP.
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