Al-Futtaim Drives Procure-to-Pay Efficiency with Ariba
Company creates automated process that delivers greater visibility, control and compliance
SUNNYVALE, Calif. March 31, 2015 – Procure-to-pay efficiency is something many companies dream about. But with the help of Ariba, an SAP company, Al-Futtaim Group is making it a reality. On April 8, Al-Futtaim will discuss how it is leveraging the world’s business network to fuel an automated procure-to-pay process that delivers game-changing improvements during an interactive breakout session at Ariba LIVE, the premier business commerce event set to take place at The Venetian Las Vegas.
As a diverse automotive company going through a rapid phase of growth, Al-Futtaim understands the need to keep things moving. So when manual processes and lack of standardization began to hamper its procure-to-pay operations, the company set out on a new course.
“We needed to gain better visibility into and control over our spend,” said Asad Zaidi, Director of Procurement and Performance Improvement, Automotive Division, Al-Futtaim. “And we knew that in order to achieve this, we’d need to automate our operations.”
- Create a standard, best-practice procure-to-pay process that would provide a clear view into spend and contracts and improve controls and compliance.
- Enable suppliers to collaborate electronically on everything from sourcing and orders to invoicing and payment.
- Give business users a friendly, consumer-like, experience by enabling them to procure through catalogs.
- Digitize invoices to reduce errors and inefficiency
“We needed to change the way we did business,” Zaidi recalls. And since implementing Ariba, it has. Today, Al-Futtaim has a uniform and centralized process for purchasing goods and services across its operations. It has all but eliminated manual purchase orders and the majority of its invoices are received and processed electronically.
“Al-Futtaim operates one of the most efficient and effective networks of automotive companies in the Gulf region,” said Tim Minahan, Senior Vice President, Ariba. “In leveraging Ariba’s business network and the cloud-based applications delivered on it, the company is driving new levels of efficiency that enhance its performance and the value it delivers to its customers.”
Al-Futtaim joins an all-star roster of companies set to attend and present at Ariba LIVE. Registration for the can’t-miss event is open today. For more information or to reserve your place, visit www.aribalive.com
About Al-Futtaim Group
Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates.
Al-Futtaim operates through more than 65 companies across sectors as diverse as commerce, industry and services, and employs in excess of 20,000 people across the UAE, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, Egypt, Pakistan, Sri Lanka, Syria, Singapore and Europe. For more information, visit: www.al-futtaim.ae
About Ariba, an SAP Company
Ariba is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-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 more than 282,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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