Digital Transformation for Procurement with SAP powered by Approyo
The procurement organization is evolving from a support function to a strategic advisor. Beyond negotiating lower rates and managing suppliers, it plays an important role in driving innovation, and managing risks across the supply chain and to the brand. Procurement is becoming more actively involved in delivering value to the end-customer by working more closely with other LoBs, including R&D and HR, and more collaboratively with suppliers.
SAP Solutions powered by Approyo is a industry-leading portfolio of solutions is uniquely positioned to enable our customers’ digital transformation across all key aspects of their business value chain by offering total spend management.
SAP S/4HANA covers operational procurement processes such as purchase requisitioning, order processing, invoice processing, order confirmation, and operational contract management. These core processes are enhanced by real-time embedded analytics across all spend categories, thereby improving performance and visibility. SAP Ariba solutions extend these core processes with guided buying, collaborative sourcing and contracting, and networked-based, end-to-end supplier collaboration to deliver a new, guided, simplified user experience that meets the expectations of millennial users. SAP Fieldglass solutions provide access to external skills by supporting the entire process from sourcing to managing the contingent workforce,enabling the organization to be nimble and competitive. SAP Concur solutions help streamline business travel expense processing and connect employee-paid spending data for complete visibility and proactive management. SAP Leonardo capabilities add intelligence to make processes autonomous and unbiased. Together, these provide a comprehensive solution to help organizations meet the diverse spend needs of the enterprise for a total spend management, providing scalability, agility, and choice.
SAP solutions powered by Approyo enable companies to substantially enhance, simplify, and visualize the entire procurement process from sourcing to purchasing to settlement.
Lower average unit price Rationalize the supply base through spend visibility and centralized sourcing, and negotiate better pricing based on consumption history and contract visibility. Save on ad hoc purchases through demand management and spot buying.
Reduce noncompliant spend and leakage Control maverick spending by guiding employees to the appropriate buying channel using a consumer-like interface. Ensure supplier compliance to preferred terms by reconciling invoice, PO, receipt, and contract.
Maximize revenue from products and services Reduce sourcing cycle time, and manage fulfilment risks associated with stock-outs, supply chain incidents, and noncompliant materials.
Decrease inventory carrying costs Achieve optimal inventory requirements through seamless transparency, effective collaboration, and enablement of processes like supplier-managed inventory.
Increase process efficiency Drive sourcing productivity through deep spend analytics and seamless access to supplier and external information. Reduce cycle times and increase procurement and productivity in accounts payable (AP) through invoice process automation and supplier collaboration.
Improve cash management Avoid unintended cash flow constraints with a formalized payment-terms strategy. Realize early-payment discounts or take advantage of supply chain finance margin-sharing by reducing duration of invoice processing cycle.
Improve control over services budgets Roll up all aspects of a service engagement into an overall budget and implement budget controls at the project level and individual level.
Effectively manage external workers Enhance visibility of and control over an external workforce through onboarding, offboarding, and worker tracking, to increase success rate of achieving goals.
Optimize total cost of ownership Rationalize ongoing source-to-settle system costs associated with software maintenance, application management, upgrades, help desk, and supplier connectivity by adopting a modern platform to deliver innovations at a rapid pace.
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