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Digitalize to meet today’s challenges head-on

Banks can respond effectively to the challenges facing the industry today – dramatic global economic shifts, evolving customer behavior, disruptive innovation, and increasing regulatory pressures – by digitally transforming their business processes. The resulting operational efficiency and cost containment can free up the time and resources needed to come up with new ideas and new ways of doing things.

With SAP solutions and SAP Business Network, you can digitalize and automate procurement and supplier collaboration for greater visiblity and agility. Instead of spending time and resources on manual processes, you’ll have the tools, data, and connections you need to:

  • Reduce and contain costs
  • Make operations more efficient and effective
  • Monitor and manage the supplier lifecycle
  • Respond more quickly to changes in the marketplace
  • Deliver a satisfying customer experience

Spend Management in Banking

Dr. Betty Moon, SAP banking executive advisor for North America, shares how leading banks use innovative technology, including the world’s largest digital supplier network, to control expenses, reduce risk, and enhance workforce management.

The SAP Advantage

Intelligent spend management

Bring spend data together from across sources and categories so you can manage costs more easily, make smarter spending decisions, and strengthen both regulatory compliance and business resiliency.

Guided buying

Give employees a simple way to buy the goods and services they need to do their jobs, all in one place. With built-in guidance, they’ll adhere to your policies and processes to buy from preferred suppliers – without the need for you to get involved.

Enhanced supplier management

Reduce the time it takes to qualify and onboard suppliers. Using a comprehensive tool set, you can drive spend to preferred suppliers, align to global policy and contracts, and scale processes to your entire supplier base.

Better external workforce management

Use SAP Fieldglass solutions to gather data and insights that can help you track and manage the fastest-growing segment of the workforce – contractors, consultants, freelancers, service providers, and contingent workers – with more efficiency and at lower cost.

Supplier experience management

Proactively gain insights into supplier performance and sentiment with Qualtrics XM for Suppliers. Survey, analyze, and act upon real-time feedback for more purposeful supplier collaboration and innovation.

More early-payment discounts

Transform payables into strategic assets to better manage cash and working capital, by collaborating on automated, early-payment discounts with suppliers over SAP Business Network.

Expert supplier enablement

Work with SAP to onboard your suppliers to SAP Business Network with education, tracking, and support. As many of your suppliers are likely already on the network, we can identify and match them with your account.

Related Resources

Intelligent Banking: An Imperative for Procurement Modernization

To respond to change effectively, banks need a procurement strategy that optimizes cost containment, grows profit margins, and facilitates a frictionless customer experience. For leading industry players, this line of thinking has inspired transformation across six fundamental operational areas. Read this paper to learn more.

Read the SAP Point of View
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The Imperative for Procurement Digital Transformation: Banking

Our research into the role procurement and technology are playing in the banking industry uncovered key vulnerabilities in Procurement and three actions you can take to address the issues now.

Download the report

Case Study: Lloyds Banking Group

Read how Lloyds is using SAP Ariba solutions to enable supply chain visibility; automate procurement workflows for 65,000 employees; and increase supplier trust with a 30-day pledge for supplier payments.

Download case study
Someone using touch computer screen, in image promoting Oxford Economics report titled The Interconnected Bank on ariba.com

The Interconnected Bank

In this Oxford Economics report you’ll read how understanding the interdependencies between parts of the business that have traditionally been siloed, like risk and customer service, can help you respond better to customer demands and marketplace changes.

Download report
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Leave the world a better place than you found it

Become inspired by top supply chain and procurement leaders who share stories about their career path, leadership philosophies, and purpose in their work.

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Case Study: CredibanCo

Find out how SAP Ariba solutions served as part of a strategy to help this Colombian banking company digitally transform and accelerate its journey to becoming an intelligent enterprise.

Download

Explore SAP Ariba Solutions

SAP Ariba Buying and Invoicing

Learn more about this best-in-class, easy-to-use procure-to-pay solution that can help your company effectively manage all spend-related processes and ensure negotiated savings reach the bottom line.

More about procure-to-pay

SAP Ariba Supplier Lifecycle and Performance

Get details about how you can save time and resources by integrating supplier onboarding, qualification, and segmentation with other procurement processes.

Get the details
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