What is Ariba Spend Analytics?

What is Ariba Spend Analytics?

SAP Ariba Spend Analysis classifies and enriches your company’s spend data with market intelligence and provides advanced analytics so that you can understand your spend by supplier, buyer, category, and part to drive savings and deliver strategic value.

What is the key benefit of Ariba Spend Visibility and Ariba sourcing?

Ariba Spend Visibility allows you to report on the data that has been provided by your company and Ariba. Ariba-provided information is called “enriched” data.

What is the purpose of spend analysis?

Spend analysis is the process of identifying, gathering, cleansing, grouping, categorizing and analyzing your organization’s spend data. This is done with the goal of decreasing procurement costs and improving efficiencies by increasing visibility and transparency.

Is coupa better than Ariba?

SAP Ariba has extensive market connections and is also committed to collaborating with SI partners, especially if there is already a relationship in place with SAP. Coupa cannot be underestimated, though, as customers opine that Coupa has a superior interface with its ease of use and wide range of software offerings.

How do you do a spend analysis?

Seven Steps to Success

1. Step One: Identify your Information Sources.
2. Step Two: Gather Data in a Central Location.
3. Step Three: Cleanse to a High Standard.
4. Step Four: Group by Supplier.
5. Step Five: Categorize.
6. Step Six: Analyze.
7. Step Seven: Repeat.

What is Ariba Strategic Sourcing?

Strategic sourcing is a procurement process that connects data collection, spend analysis, market research, negotiation, and contracting. It stops short of the actual purchase of and payment for goods and services.

What are the different modules in Ariba?

The portfolios are:

• SAP Ariba Supplier Management.
• SAP Ariba Strategic Sourcing (a.k.a. indirect spend)
• SAP Ariba Solutions for Direct Spend (a.k.a. supply chain)
• SAP Ariba Procurement (buying)
• SAP Ariba Financial Supply Chain (invoicing)

What is spend visibility?

Simply put, spend visibility is the level of oversight and understanding you have about where company funds go. Finance teams who can accurately show where dollars are spent – in as close to real time as possible – have a high degree of spend visibility.

What are the 4 stages in spend analysis?

Spend analytics is the process of collecting, cleansing, classifying, and analyzing spend data through either dedicated software or one-off spend cubes.

What is the best way to perform the spend analysis?

How to Conduct Spend Analysis

1. Identify all sources of spend data.
2. Clean spend data.
3. Collect spend data in accessible, centralized storage.
4. Categorize and group spend data.
5. Automate the analysis of spend data, including reports.
6. Decide about savings opportunities and better procurement processes.
7. Implement decisions.

Is Coupa owned by SAP?

– Coupa INSPIRE Conference – April 16, 2014 — Coupa Software, a leader in enterprise cloud applications for finance, today announced that its Coupa 11 suite of applications has achieved SAP certification as powered by the SAP NetWeaver® technology platform.

How many customers does SAP Ariba?

Today, more than 6.7 million companies – including more than half of the Global 2000 – use Ariba Network to streamline and automate their collaborative business processes.

How do you conduct a spend analysis in procurement?

What are the 7 steps of strategic sourcing?

What is Strategic Sourcing?

1. Step 1: Profile The Category.
2. Step 2: Supply Market Analysis.
3. Step 3: Develop a Strategic Sourcing Strategy.
4. Step 4: Select The Strategic Sourcing Process.
5. Step 5: Negotiate with and Select Suppliers.
6. Step 6: Implementation and Integration.
7. Step 7: Benchmarking.

What are the six sourcing strategies?

Six essential steps towards a successful sourcing strategy

• Spend analysis.
• Supplier market share analysis.
• Supplier-spend share analysis.
• Procurement organization’s demand.
• Category risk analysis.
• Vendor qualification.

Is Ariba an ERP system?

SAP Ariba is the only cloud provider with true bidirectional integration into SAP ERP and SAP S/4HANA, including more than 100 integration processes and over 8,000 fields integrated to the SAP core.

Is SAP and SAP Ariba same?

The cloud-based innovative solution was first developed in 1996 by a company named Ariba and was later acquired by SAP in 2012 with a total acquisition cost of 4.3 billion USD with each share cost $45.

Why is spend visibility important?

Spend visibility involves precise monitoring, tracking, and control over your business transactions. It also enables you to transform knowledge of your company’s purchasing behaviors and habits into cost savings strategies.

What are the key components of spend analytics?

Spend analysis is the practice of analyzing procurement spend to decrease costs, increase efficiency, or improve supplier relationships.
…
Spend Analysis in Six Steps

• Identify Data Sources.
• Data Extraction.
• Data Cleansing.
• Data Enrichment.
• Classification.
• Analysis of Data.

What are the seven steps to conduct a spend analysis?

We’ve outlined these seven steps here to help you get started:

• Step One: Identify your Information Sources.
• Step Two: Gather Data in a Central Location.
• Step Three: Cleanse to a High Standard.
• Step Four: Group by Supplier.
• Step Five: Categorize.
• Step Six: Analyze.
• Step Seven: Repeat.

Is Coupa and Ariba same?

Both do similar things, but there is a subtle difference in their positioning. Coupa positions itself as a Business Spend Management platform with a focus on visibility, whereas SAP Ariba identifies as an eProcurement and Supply Chain Management platform. Their focus is on process improvement.

Is SAP Ariba in demand?

The acquisition of Ariba by SAP has raised some questions for some time now. This applies to both SAP SRM consultants and purchasing professionals within companies. By now it is clear that SAP has positioned Ariba as its “On Demand” solution while SRM has been presented as the “On Premise” solution in the market.

Why do companies use Ariba?

SAP Ariba solutions are designed to help midsize companies streamline and achieve real-time visibility into spend, collaborate better with suppliers, mitigate risk, and ensure compliance.

What are spend types in purchasing?

4 Types of Spend Procurement Needs to Manage

• Direct Spend. Direct spend, also known as direct procurement, includes the costs directly associated with acquiring raw materials and goods related to production.
• Indirect Spend.
• Maverick Spend.
• Tail Spend.

What are the KPIs of procurement?

Here is the complete list of the 15 most important procurement KPIs and metrics, that we will discuss in this article in every detail:

• Compliance Rate.
• Number of Suppliers.
• Purchase Order Cycle Time.
• Supplier Quality Rating.
• Supplier Availability.
• Supplier Defect Rate.
• Vendor Rejection Rate & Costs.
• Lead Time.