The SAP Business Network for Procurement focuses on automating and improving procurement processes. Here are the key products and benefits:
- Purchase Order and Invoice Management: Automates paper-based and manual procurement processes, improving compliance and standardizing workflows.
- Order Collaboration: Enhances collaboration with suppliers, improving the visibility of orders and invoices.
- Spend Visibility: Provides holistic views of organizational spend through a single platform.
- Automated Transaction Processes: The platform facilitates the automation of various procurement-related documents and transactions, such as Purchase Orders (PO), Invoices, Advanced Ship Notices (ASN), Order Confirmations, Goods Receipts, and Remittance Details.
- Regulatory Compliance: Supports legally compliant e-invoicing across regions, ensuring compliance with various regulatory requirements.
- Supplier Management: Connects you with a global community of suppliers, facilitating easy collaboration and transactions.
These solutions aim to streamline procurement operations, reduce manual workload, and enhance overall business efficiency.
Key Features
- Supplier Collaboration: Connect with a global supplier community for procurement and invoicing, utilize early-payment discounts, and simplify due diligence with automated data sharing.
- Regulatory Compliance: Enhance compliance by digitally matching invoices to POs and contracts, ensuring e-invoicing aligns with regulatory requirements and minimizing manual intervention through configured business rules.
- Automated Procurement Workflows: Increase productivity and reduce costs by automating manual processes, delivering POs digitally, and minimizing paper usage and carbon footprint.
- Supplier Portal: Enable suppliers to easily create invoices from received POs and access invoice status updates to lower inquiries.
- Invoice Status Portal: Gain comprehensive visibility into orders and invoices, allowing suppliers to receive notifications on status changes and promoting self-service for long-tail suppliers.
Three Reasons to Use SAP Business Network for Procurement
- An easy and frictionless way to digitalize transactions with all suppliers from day one.
- Reduce the costs of managing processes and speed up cycle times.
- Global coverage with local knowledge and tax compliance.