In a bid to meet up with the ever increasing expectations
of today’s businesses which expect their business-to-business networks to
provide connectivity, process efficiency and transparency to be able to trade
seamlessly and access data insights to make well-informed procurement
decisions. Yet in some geographies and industries, closed networks are
preferred for their unique ability to achieve compliance with specific
regulations. To expand the value they deliver to customers, SAP
Ariba and Swisscom have partnered to connect the Ariba Network, the
largest digital business-to-business network on the planet, and Conextrade, the
leading Swiss procurement platform.
“We are opening the Ariba Network to well-established geographic and industry-specific networks that are preferred for their unique capabilities with regulations, protocols and formats,” said SeanThompson, senior vice president, Business Network and Ecosystem, SAP Ariba and SAP Fieldglass. “With this move, we are taking a leading step forward to create a network of networks that delivers even greater value to our customers.”
Conextrade is a preferred network for many
Switzerland-based companies as it connects them to a digital platform to
process their business transactions in compliance with local laws and in
accordance with Swiss security standards. By connecting SAP Ariba’s global
network with Conextrade, companies can continue to operate in their preferred
platforms while bringing the entire procurement process, including the
order-to-cash process internationally, into a unified system. What’s more,
because the networks are connected, the data is also linked, which then drives
more intelligent spend management experiences.
SAP is an Experience Company powered by the Intelligent
Enterprise, it is the market leader in enterprise application software. SAP Ariba and its fellow
SAP Fieldglass are both under the same parent umbrella, they focus on providing
their clients with services that aids companies in connecting, getting business done and also spending better. The Ariba
Network consists of buyers and suppliers from more than 4.4 million companies
and 190 countries which then helps them in transforming how they manage
all categories of spend with improved operational efficiency and compliance,
increased agility and accelerated business outcomes.
By partnering with Swisscom, SAP Ariba enhances the connection
between networks thereby enabling suppliers to reach new buyers while keeping
procurement operations in an established and preferred, but now connected,
system. At the same time, buyers gain access to new suppliers through the
connection to Conextrade that expands the Ariba Network. By partnering with
other networks like Conextrade, SAP Ariba is offering customers access to trade
with companies on industry-specific business networks and in different
geographies as well as additional integration capabilities and
industry-specific protocols and formats.
