Introduction
The procurement process is a critical part of any business and the impact it has on cost, quality and efficiency is undeniable. SAP Ariba provides an especially wide variety of innovative solutions that help organisations unlock their procurement potential and gain tangible business benefits. These range from advanced reporting and analytics to improved collaboration, as well as better visibility and control of the entire process. As such, it is not surprising that more and more companies are turning to SAP Ariba to drive their digital transformation. In this article we will provide an overview of the latest innovative solutions coming soon from SAP Ariba, and why they are so beneficial to any procurement team.
What is SAP Ariba?
SAP Ariba is a cloud-based software solution designed specifically to help organisations streamline and optimise procurement processes. It delivers repeatable business processes and standardised methods that are tailored to fit the specific needs of any company, while also providing the ability to handle complex sourcing activities and transactional processes. SAP Ariba enables organisations to gain complete visibility of their supply chain and assess the performance of their suppliers, as well as providing accurate financial forecasting and risk analysis. What’s more, it allows users to integrate with existing ERP and other systems, ensuring a seamless flow of information throughout the organisation.
What are the Innovations Coming Soon from SAP Ariba?
SAP Ariba is constantly striving to improve the procurement process for its users, and new innovations are always in the pipeline. Some of the latest solutions set to be released soon include enhanced automation and analytics capabilities, as well as improved user experiences.
1)Enhanced Automation
One of the main aims of the upcoming SAP Ariba innovations is to reduce manual effort and increase the potential for automation. This is achieved by integrating Machine Learning and Artificial Intelligence into the system, so that it can better recognise patterns and detect areas of inefficiency or waste. Automation is also enabled by “smart” features like workflow and contract templates, which can be used to rapidly create and execute agreements. In addition, tools such as order entry and document management allow for the seamless coordination of data and documents throughout the process, thereby helping to ensure that transactions are completed in a much more efficient and timely manner.
2)Advanced Analytics
Another key innovation coming soon is an improved analytics module. This will give organisations deep insights into their procurement activities, by helping to identify areas of inefficiency or cost savings, as well as potential compliance risks. Furthermore, the module will incorporate a wide range of visualisation tools to allow decision makers to quickly and easily gain a comprehensive overview of the data.
3)Improved User Experiences
An important focus of the upcoming SAP Ariba innovations is improving user experiences, so they can be enjoyed by anyone, regardless of their technical knowledge or experience. This is achieved by introducing cutting-edge user-interfaces as well as providing a plethora of helpful “how-to” resources and tutorials. Furthermore, mobile-optimised apps are also planned, so that users can access and manage the system from anywhere. In addition, the system will provide access to support services, such as community forums and 24/7 customer service.
SAP Ariba is constantly striving to provide innovative solutions that can help organisations unlock the full potential of their procurement processes. The new innovations coming soon include advanced automation and analytics capabilities, as well as improved user experiences for all. By taking advantage of these tools, companies can gain deep insights into their procurement activities and make decisions based on data-driven evidence, thereby achieving greater cost savings, quality improvement and organisational efficiency.
