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
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-paySAP 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