[March 21, 2017] |
|
SAP Ariba and Mercado Libre Team to Consumerize Business Commerce
In an environment where wild currency fluctuations are the norm, it's
hard to buy the right goods at the right prices from the right
suppliers. SAP
Ariba and Mercado
Libre, Inc. (NASDAQ: MELI) are out to change this. The companies
today announced plans to bring SAP
Ariba® Spot Buy, an innovative capability through which companies
can find and easily purchase specialty items needed to run their
businesses, to Latin America. The news came during SAP
Ariba Live, the premier business commerce conference being held this
week at The Cosmopolitan of Las Vegas.
"Ad-hoc purchases in general are difficult because they are extremely
time sensitive and most companies lack the resources to manage them. Add
to this the price swings that naturally occur in high inflationary
environments, and they become even more challenging," said Tony Alvarez,
General Manager, SAP (News - Alert) Ariba Spot Buy.
Simple and Compliant
More than 17,000 buyers and sellers in Latin America are connected to
the Ariba®
Network. During the last 12 months, companies in the region have
exchanged more than 1 million purchase orders worth close to $18 billion
and in excess of two million invoices valued at nearly $7.4 billion.
Transacting globally over $1 trillion in commerce on an annual basis,
SAP Ariba is the world's largest, most global business network.
Mercado (News - Alert) Libre is Latin America's leading e-commerce technology company.
The site ranks among the top 50 in the world in terms of page views and
is the leading retail platform in unique visitors in the major countries
in which it operates. Mercado Libre will be the first source of supply
for SAP Ariba Spot Buy in Latin America.
"We are excited to partner with SAP Ariba to provide the most extensive
product supply in Latin America and an exceptional experience for
corporate buyers. Mercado Libre, as the ecommerce leader in Latin
America, is launching its first B2B experience. We are confident that it
ill be a great success," said Karen Bruck Corporate Sales Director,
Mercado Libre.
Intelligent and Efficient
Pairing SAP Ariba's business network and cloud-based procurement
applications with Mercado Libre's expansive catalogues for indirect
goods, SAP Ariba Spot Buy automatically matches buyer demand with seller
supply in an efficient digital marketplace to drive a simple,
transparent process for making ad-hoc purchases.
With SAP Ariba Spot Buy, companies can search for items that aren't
listed in their corporate catalogues in the SAP Ariba Spot Buy
catalogue. And through configurable business rules, spot buy-specific
workflow and online payment tools, they can automatically make purchases
in line with their corporate policies, pay for and have things shipped
in a fast and secure manner.
"This is a useful feature, as one-off, emergency items can account for
as much as 15 percent of indirect spend due to inefficient procurement,
higher transaction costs, reduced transparency, and an unmanageable long
'tail' of suppliers," says Predrag (PJ) Jakovljevic, Principal Analyst,
Technology Evaluation Centers. "Using SAP Ariba Spot Buy, companies can
improve their processes for managing this spend and ultimately lower
their costs."
Availability
SAP Ariba and Mercado Libre intend to roll out SAP Ariba Spot Buy in
Argentina first, with additional markets in Latin America to follow soon
after. To learn more about SAP Ariba Spot Buy and the value it can
deliver visit: www.ariba.com.
About Mercado Libre
Founded in 1999, Mercado Libre is Latin America's leading e-commerce
technology company. Through its primary platforms, MercadoLibre.com and
MercadoPago.com, it provides solutions to individuals and companies
buying, selling, advertising, and paying for goods and services online.
MercadoLibre.com serves millions of users and creates a market for a
wide variety of goods and services in an easy, safe and efficient way.
The site is among the top 50 in the world in terms of page views and is
the leading retail platform in unique visitors in the major countries in
which it operates according to metrics provided by comScore (News - Alert)
Networks. The Company is listed on NASDAQ (Nasdaq: MELI) following its
initial public offering in 2007. For more information about the Company
visit: http://investor.mercadolibre.com.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the Ariba
Network, buyers and suppliers from more than 2.5 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 -
simplifying sales cycles and improving cash control along the way. The
result is a dynamic, digital marketplace, where more than $1 trillion in
commerce gets done every year. To learn more about SAP Ariba, visit www.ariba.com.
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP)
helps companies of all sizes and industries run better. From back office
to boardroom, warehouse to storefront, desktop to mobile device - SAP
empowers people and organizations to work together more efficiently and
use business insight more effectively to stay ahead of the competition.
SAP applications and services enable approximately 345,000 customers to
operate profitably, adapt continuously, and grow sustainably. For more
information, visit www.sap.com.
Any statements contained in this document that are not historical facts
are forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as "anticipate," "believe,"
"estimate," "expect," "forecast," "intend," "may," "plan," "project,"
"predict," "should" and "will" and similar expressions as they relate to
SAP are intended to identify such forward-looking statements. SAP
undertakes no obligation to publicly update or revise any
forward-looking statements. All forward-looking statements are subject
to various risks and uncertainties that could cause actual results to
differ materially from expectations. The factors that could affect SAP's
future financial results are discussed more fully in SAP's filings with
the U.S. Securities and Exchange Commission ("SEC (News - Alert)"), including SAP's
most recent Annual Report on Form 20-F filed with the SEC. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates.
© 2017 SAP SE. All rights reserved. SAP and other SAP products and
services mentioned herein as well as their respective logos are
trademarks or registered trademarks of SAP SE in Germany and other
countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark
for additional trademark information and notices.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170321005053/en/
[ Back To Shaping Influence's Homepage ]
|