PALO ALTO, Calif.–(BUSINESS WIRE)–For the fifth consecutive year, SAP Ariba has been ranked among the world’s best financial supply chain solutions. The company today announced its selection as Best Procure-to-Pay, eProcurement and Invoice Discount Management Provider by Global Finance magazine.
“Corporates around the world are trying to understand how big developments on the economic, regulatory and policy fronts will affect their business,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “And they need solution partners who can help them adjust nimbly to those changes. With these awards, we aim to identify those partners.”
SAP Ariba was identified as the best provider in three categories by Global Finance’s editorial team, with input from industry analysts, corporate executives and technology experts: Procure-to-Pay, eProcurement and Invoice Discount Management. The selections were made on the basis of SAP Ariba’s market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.
SAP Ariba delivers a comprehensive suite of solutions that combine the connectivity and intelligence of the Ariba® Network with the simplicity and speed of cloud-based applications to help companies manage their financial and supply chains in predictable and optimal ways.
Using Ariba Discount Professional™ for instance, buyers can accelerate payments for approved invoices to key suppliers in return for discounts, earning an immediate return on their cash. And sellers can gain increased visibility into future cash flows, certainty in payment timing and the ability to use cash sooner to fund daily business needs.
With AribaPay™, buyers and sellers can digitize the payment process and complete it with the same speed, simplicity, reliability and security that consumers do
And through SAP Ariba’s end-to-end procurement solutions and business network, companies can manage all of their spend and the trading relationships that matter to them most with greater transparency and efficiency.
“The key to success in today’s uncertain economy isn’t managing change, but anticipating it,” said Drew Hofler, Senior Director, Financial Solutions Marketing, SAP Ariba. “At SAP Ariba, we are focused on helping companies see the future and shape it to their advantage by connecting them to an intelligent network through which they can execute a highly integrated cash management strategy that improves the efficiency of the entire source-to-settle process. We are pleased to again be recognized by Global Finance Magazine for our efforts and will continue to push the envelope in developing and delivering innovative solutions that eliminate complexity and help business of all sizes run simple.”
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
About SAP Ariba
SAP Ariba is the world’s business commerce network. SAP Ariba combines industry-leading cloud-based applications with the world’s largest Internet-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 300,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visitwww.sap.com.
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