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Achieve seamless source-to-pay for greater visibility and insight

For companies in the insurance industry grappling with mounting financial pressures, partnering with SAP can not only help to contain costs, but it can also help ensure that suppliers meet performance metrics and deliver a satisfying experience for insurance claimants.

SAP procurement and supplier management solutions facilitate intelligent spend management for all categories and collaboration in real-time with all suppliers over SAP Business Network. While providing both a streamlined buying experience and greater operational flexibility, this also delivers the visibility, intelligence, and insights you need to:

  • Guide every purchase decision to reduce costs significantly and consistently

  • Strengthen supplier lifecycle management and performance 

  • Free up resources to invest in new business models

The SAP Advantage

Intelligent spend management

Bring spend data together from across sources and categories to understand and reduce total costs; make smarter, faster spending decisions; and improve cash flow.

Expert supplier enablement

Work with SAP to on-board 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.

Comprehensive contract management

Centralize contract storage, automate and accelerate the contract lifecycle, and strengthen operational, contractual, and regulatory compliance to enforce terms and minimize leakage.

Efficiencies at Scale

Automate repeatable tasks across all spend categories – including indirect spend and external workforce – to deliver operational excellence to the organization at lower cost.

Better supplier management

Take advantage of comprehensive tools to reduce onboarding and qualification cycle time, drive spend to preferred suppliers, and scale compliance for your entire supply base.

Related Resources

Futuristic cityscape of man in glass room overseeing buildings in image promoting SAP POV titled Intelligent Insurance: An Imperative for Procurement Modernization

Intelligent Insurance: An Imperative for Procurement Modernization

Download this point of view to read how insurers like you can stay ahead of the competition while responding to changing customer expectations, financial and cost containment challenges, and digitally savvy insurtech entrants.

Download POV

The Interconnected Insurer

Read this report from Oxford Economics and SAP to learn how systems thinking and collaboration across functions can build an insurance organization capable of quickly adapting in times of disruption.

Download report
Capture of AIG logo from SAP customer testimonial video on insurance industry page of

American International Group (AIG)

With SAP, AIG was able to eliminate many different reporting repositories and ledger reporting environments, reducing the total cost of its IT operating infrastructure within technology by about 25 percent.

Capture of image of woman holding baby from SAP customer testimonial video about IAG on insurance industry page of

Insurance Australia Group Limited (IAG)

Watch and learn how IAG and SAP Ariba identified diverse suppliers ready to transact on Ariba Network, including key supplier intermediaries across women-owned and social businesses and enterprises.

Insurance Spotlight: A Simpler Way to Scale your Workforce

Find out about a better way to recruit and retain top external talent, ensure compliance, and manage performance against contracts with SAP Fieldglass.

Read the report

Explore SAP Solutions

SAP Ariba Solutions

With SAP Ariba procurement and supply chain solutions and SAP Business Network, you can digitalize and improve the buying process from source to pay, while you control spending, find new sources of savings, and build a healthy supply chain.

SAP Ariba Solutions

SAP Fieldglass Solutions

On a cloud-based platform you can streamline and automate the full external workforce lifecycle, tapping into a deeper pool of external workers, gaining greater visibility into spend, and becoming flexible enough to thrive in a changing insurance marketplace.

SAP Fieldglass Solutions
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