Asset management firm leverages cloud-based applications and business network to create efficient digital process for managing spend from end to end
SYDNEY–(BUSINESS WIRE)–For more than 60 years, Broadspectrum has been leveraging innovative technologies and processes to help companies across Australia optimise their performance and assets. So, when the company decided to overhaul its procurement operations, it tapped into SAP Ariba. And today, it shared the story of its success at SAP Ariba Live, the premier business commerce event taking place this week at the ICC Sydney.
“At Broadspectrum, we are focused on enhancing the performance, integrity and output of our clients’ businesses and assets to deliver real outcomes using market-leading processes and technology platforms,” said Kevin McCafferty, Executive General Manager, Procurement, Broadspectrum. “With SAP Ariba, we can achieve these same goals across our own operations, leveraging the company’s cloud-based applications and business network to drive a more efficient and collaborative process for managing our spend and suppliers that drives savings, efficiency and compliance.”
Like more than 2.8 million companies in 190 countries around the world – including over 800,000 in Asia – Broadspectrum is connected to the Ariba® Network. And it is leveraging the digital marketplace and a range of the cloud-based solutions delivered on it to drive a simple, open and smart process for managing its spend from end to end, including
- SAP Ariba Buying and Invoicing™
- SAP Ariba Collaborative Sourcing™
- SAP Ariba Collaborative Commerce™
- SAP Ariba Contract Invoicing™
By integrating SAP Ariba’s applications with its SAP ERP system, Broadspectrum can drive a closed-loop process that allows the company to effectively and efficiently manage the requisition-to-pay process in a fully automated manner, completely within the SAP Ariba tool, whilst providing the SAP ERP system with the required finance commitment, accrual and payment information as well as managing Vendor Master Data and Supplier Performance. Procurement is able to view all requests and determine what action to take, including creating an RFP or running an auction, and set up call off arrangements and catalogues that help drive savings and manage compliance.
“Procurement is no longer a tactical function, but a strategic imperative that can drive broad business value,” said Ben Redwine, General Manager, SAP Ariba, Asia Pacific and Japan.
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