The SAP Business Network for Procurement benefits both buyers and suppliers by enhancing spend visibility, ensuring compliance, and fostering collaboration. By integrating these parties into a single platform, it promotes transparency and efficiency. The Commerce Automation features within the network streamline procurement processes, facilitating real-time collaboration and driving growth, accuracy, and efficiency for all involved.
Watch the following video to learn how to leverage Commerce Automation to achieve a networked ERP and world-class finance function.
Let's summarize what you have learned:
- Automating the order-to-invoice process through SAP Business Network enhances collaboration with suppliers, improves transaction visibility, and streamlines procurement operations, reducing manual work and errors.
- The platform centralizes information flow, provides accurate financial data, accelerates closing processes, and ensures compliance, ultimately leading to improved procurement outcomes and cost savings.
Key Highlights of the Commerce Automation Workflow
- Automation: Digitizing processes like Purchase Orders, invoice submissions, and payment tracking reduces errors and boosts efficiency.
- Real-Time Collaboration: Enables digital collaboration between buyers and suppliers through centralized document sharing.
- Transparency: A unified dashboard offers insights into order statuses and payments, enhancing resource management and supplier relationships.
- Scalability: Connects businesses with a global supplier community, streamlining procurement as organizations grow.
Watch the following video to see a demo of how SAP Business Network for Procurement can transform your spend management strategies.
Let’s summarize what you have learned:
- Global Network: The Global Business Network supports $6 trillion in commerce across 190 countries, enhancing buyer-supplier communication and procurement efficiency.
- Automation and Compliance: Workflow automation enables 98% touchless invoicing and provides end-to-end order tracking for improved cost management and compliance.