The SAP Business Network for Procurement enhances your competitive edge by connecting people, processes, and systems across multiple enterprises. It digitizes transactions and creates transparent, resilient, and sustainable supply chains. It strengthens trading partner relationships with increased transparency and insights. Additionally, it drives sustainability to meet organizational goals and regulatory requirements.
SAP, a leading enterprise software company, offers various solutions that bring unique business value drivers and benefits.
Business Value Drivers:
- Increased Revenue and Market Opportunities: SAP solutions enable increased upsell and cross-sell opportunities, new revenue streams, and reduced time to market for new products.
- Cost Reduction and Efficiency: SAP helps in reducing costs, optimizing R&D spend, improving cash conversion cycle efficiency, and reducing unplanned downtime.
- Environmental and Compliance Benefits: SAP solutions contribute to optimized environmental impact, increased compliance, and reduced waste.
- Customer Satisfaction and Agility: Improved customer satisfaction, better agility, and enhanced decision-making capabilities are key drivers.
- Operational Efficiency: Enhanced operational efficiency through digitalization and automation of processes.
The value of SAP Business Network for Procurement for your business:
- 99.6% of invoices are received by top-quartile organizations through the SAP Business Network.
- Top-quartile organizations have 18 times more touchless invoices than the bottom quartile.
- For every $1 billion of spend under management, top-quartile organizations save $1 million by using early payment discounts.
The value of SAP Business Network for Procurement lies in its ability to enhance procurement collaboration and visibility, automate workflows, and simplify spend compliance.
Benefits of the SAP Business Network for Procurement
- Improved Efficiency and Cost Savings: Automation of purchase order and invoice processes helps eliminate errors, control spending, and find new savings. Top-quartile SAP customers have seen significant savings and efficiency improvements.
- Enhanced Collaboration: The network facilitates better collaboration between buyers and suppliers, strengthening relationships and discovering new business opportunities.
- Transparency and Compliance: Increased transparency of invoice and payment status, improved liquidity planning, and compliance with country-specific requirements.
- Faster Processes: Faster transaction cycles, reduced procurement FTEs, and a quicker accounting close due to automated reconciliations.
- Global Reach and Scalability: Access to a global network of suppliers, enabling businesses to manage commerce efficiently and expand their workflows beyond their organization.
Find and Discover Trading Partners
- Ability to access and search the network: Connection to a global network of suppliers, making it easier to find the right partners quickly and efficiently based on their trading partner profile details.
- Near real-time information exchange: Digital transmission of documents and supplier information for end-to-end visibility. Access an auditable trail of document changes and history.
- Robust trading partner profiles: Profiles include Dun & Bradstreet generated company information, certificates, sustainability ratings, and assessments, in addition to basic company details. Reach out to trading partners via their profile.
Order Collaboration
- Digital document exchange: Automate routine paper-based transactions to realize operational efficiencies, decrease operating costs, and free up FTE capacity.
- Configurable business rules: Network validation and configurable business rules to eliminate errors and ensure spend compliance. Enforce company policies around change orders, price compliance, contract compliance, and non-PO invoices.
- Invoice compliance: Support for business process compliance with extensibility capabilities and configurable business rules. A PO compliance process that is more procurement focused.
Support the Process
- Self-service supplier portal: Suppliers can access and flip orders into confirmations and invoices, enabling efficient collaboration while reducing errors. Suppliers and buyers can communicate in real time through messaging within the context of a document.
- Supplier managed catalogs: Supplier catalogs enables suppliers to maintain their product information in SAP Business Network, ensuring that buyers have access to the most current product details, reducing errors and enhancing the accuracy of procurement decisions.
Supplier Information Management
- Ability to access and search supplier profiles: Manage suppliers based on specific parameters and integrate information with SAP Ariba solutions to guide employees to buy from preferred suppliers.
- Support for supplier risk assessments: View supplier questionnaires to assess risk. Simplify compliance with regulatory and business process requirements by tracking and managing supplier certifications and qualifications in their trading partner profile.
