SAP Ariba Takes Trust to New Levels

Company amps up vetting process for suppliers in SAP Ariba Spot Buy,
setting new standard for ethics and compliance among marketplaces for
indirect goods

AMSTERDAM–(BUSINESS WIRE)–There are plenty of online sites where businesses can shop for
industrial products and buy them in the same fast, easy way as consumer
goods. But where can they go to purchase those hard-to-find, one-off
items that account for a good chunk of their spend in a compliant manner
from trusted suppliers who align with their values? SAP
Ariba. The company today announced that it has expanded the vetting
capabilities in SAP
Ariba® Spot Buy to include additional risk assessments for suppliers
delivered by Global
Risk Management Solutions (GRMS), making it not only the largest
marketplace for industrial goods, but among the most trusted, ethical
and compliant.

ÔÇ£Marketplaces create tremendous value in providing easy access to a
range of SKUs and a consumer-like experience for making purchases,ÔÇØ says
Kurt Albertson, Principal Advisor at The Hackett Group and co-author of ÔÇ£Spot
Buy Software: A Modern Approach to Managing Tail Spend.ÔÇØ ÔÇ£But
business buying is different from consumer purchasing in that it not
only has to be simple, but compliant.ÔÇØ

Robert Ward, Procurement Process and Performance Manager, at NSG Group,
one of the worldÔÇÖs largest manufacturers of glass and glazing products,
agrees. ÔÇ£When it comes to some indirect spend, the role of procurement
is changing from negotiating deals to creating a dynamic market place
within a compliant environment where users can get what they need,ÔÇØ he
says. ÔÇ£And with SAP Ariba Spot Buy, we can do this.ÔÇØ

A unique marketplace that goes beyond simple catalogs for indirect
goods, SAP Ariba Spot Buy provides the technology, content and expertise
organizations need to gain greater visibility into their ÔÇ£tailÔÇØ spend
and fuel the compliance needed to get it under control. But there's more
to it than that.

ÔÇ£With SAP Ariba Spot Buy, you can do more than just speed and simplify
the purchase of non-contracted goods,ÔÇØ said Tony Alvarez, General
Manager, SAP Ariba Spot Buy. ÔÇ£You can actually control your spend and
buy from compliant and ethical suppliers in a trusted B2B marketplace to
reduce your supply chain risk and purchase with purpose.ÔÇØ

Pairing SAP AribaÔÇÖs business
network and cloud-based procurement
applications, SAP Ariba Spot Buy
combines the convenience of a consumer-like shopping experience with
business controls, enabling even the most casual users to quickly find
and immediately buy thousands of contracted and non-contracted items in
accordance with their companyÔÇÖs procurement policies and procedures. And
through a three-tier vetting process that is the most stringent in the
industry, they can ensure they are purchasing from trusted, ethical
suppliers who comply with state, federal, and local regulations and
share their corporate and personal values.

GRMS enhances the vetting capabilities within SAP Ariba Spot Buy by
evaluating and continuously monitoring suppliers against more than 1,500
global governmental watch lists and enforcement and sanctions sources.
GRMS also offers the following risk assessment modules:

• Regulatory Compliance
• Financial Stability
• Insurance Management
• Reputational Protection
• Health and Safety
• Social Responsibility
• Cyber Security
• Document Management

ÔÇ£Monitoring key supplier performance metrics is tough enough, but
identifying and monitoring supplier managing risk on an enterprise -wide
basis is an entirely different matter and a difficult challenge that
frankly, most companies have a hard time even scoping,ÔÇØ said Joe
Fabiani, Chief Operating Officer, GRMS. ÔÇ£The combination of highly
configurable software, data and transparent, expert human interventions
powers a practical, effective and market-leading approach.ÔÇØ

To learn more about SAP Ariba Spot Buy and the value it can deliver to
your organization, visit www.ariba.com/go/spotbuy

About SAP Ariba

SAP Ariba is how companies connect to get business done. On the Ariba
Network, buyers and suppliers from more than 3.3 million companies and
190 countries discover new opportunities, collaborate on transactions
and grow their relationships. Buyers can manage the entire purchasing
process, while controlling spending, finding new sources of savings and
building a healthy supply chain. And suppliers can connect with
profitable customers and efficiently scale existing relationships ÔÇô
simplifying sales cycles and improving cash control along the way. The
result is a dynamic, digital marketplace, where over $1.6 trillion in
commerce gets done every year.

To learn more about SAP Ariba, visit www.ariba.com

About SAP

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SAP applications and services enable approximately 378,000 customers to
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Contacts

SAP Ariba
Karen Master, +1 412-297-8177
[email protected]