SAP Ariba targets mid-market with new package

SAP Ariba has launched SAP Ariba Snap, a new, packaged offering designed to provide fast-growing companies with everything they need to drive a simple, efficient buying process that quickly delivers results.

“Procurement innovation and excellence are not the exclusive domain of large enterprises,” said Jason Wolf, global head, strategic growth initiatives, SAP Ariba.

“With SAP Ariba Snap, mid-market companies can leverage the full strength of SAP Ariba’s market-leading cloud-based applications and business network to digitize the source-to-settle process from end to end and run simpler and smarter than ever.”

SAP Ariba Snap is designed to be affordable and scalable enable companies to automate every step of the source-to-settle process. Features include:

Sourcing: Collaborate with trading partners, compare bids side-by-side, and award business to suppliers that can deliver what’s needed, when needed, on the most optimal terms.

Orders: Access the world’s largest network of more than 3 million companies to find and immediately buy millions of items from vetted suppliers around the world.

Invoicing: Replace tedious manual processes with efficient digital ones to speed accuracy, approvals, payments and delivery.

Contracting: Create a simple, consumer-like experience that makes it easy for end users to buy from preferred vendors in line with company policies to increase spend under control and drive compliance.

Supplier Management: Find and onboard trading partners around the world and automatically update their information to accurately match opportunities with capabilities and manage performance.

Working Capital Management: Accelerate payments for approved invoices to key suppliers in return for a discount to improve cash flow and management.