SAP Ariba Among World's Best Supply Chain Finance Solutions

Company named best eProcurement provider by Global Finance for 11th consecutive year

PALO ALTO, Calif., January 23, 2018 SAP Ariba is among the world’s best supply chain finance solutions. The company today announced that for the eleventh consecutive year, it has been identified as the Best eProcurement provider by Global Finance as part of an annual survey published in the magazine’s February issue.

“New technologies have had dramatic impact on supply chain finance, where digitalization is powering vast improvements in speed and accuracy of information. Our Supply Chain Finance Awards home in on the leaders and upstarts with the most interesting and best ideas for easing their clients through transformative innovations to new levels of efficiency and profitability,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

SAP Ariba was selected as Best eProcurement Provider by the Global Finance editorial team, with input from industry analysts, corporate executives and technology experts based on its market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.

“There is a tremendous amount of value trapped in payables,” said Drew Hofler, Vice President, Portfolio Marketing, SAP Ariba. “SAP Ariba is focused on helping companies unlock this value by providing the capabilities, intelligence, and global reach needed to transform payables from liabilities into strategic assets and we are pleased to be recognized by Global Finance for our efforts.”

SAP Ariba delivers a comprehensive range of solutions that combine the speed and simplicity of cloud-based applications with the connectivity and intelligence of the Ariba® Network to deliver full visibility along with insights and intelligence that companies can use to transform their financial supply chains. These solutions will be on full display at SAP Ariba Live, the premier business commerce conference series, which kicks off March 5 at Caesar’s Palace in Las Vegas. Registration for this can’t-miss event is open today. Click here to reserve your place.

About Global Finance Magazine

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 how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than three million companies and 180 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships – simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where nearly $1 trillion in commerce gets done every year.

To learn more about SAP Ariba, visit www.ariba.com

About SAP

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 365,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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Media Contact:

Kelly Murray
SAP Ariba
+1 978-708-6821
kelly.murray@sap.com