• The partnership is planned to boost digitalization of whole supply chain, improving accuracy, transparency and efficiency for suppliers and buyers alike.
   
• SAP Ariba & Standard Chartered are focused towards supporting sustainable financial growth and thus making financing easily accessible to companies.

Standard Chartered Bank, one of the leading international banks, and SAP Ariba, a leader in spend management, reportedly announced their strategic collaboration for making the financial supply chain of the Bank effortlessly accessible to companies across the Asia Pacific through Ariba Network, the largest business network in the world; linking more than 4.2 million organizations across 190 countries.

Buyers having Ariba Network would be able to easily manage their supply chain finance requirements and payments with SAP Ariba digital system, while the suppliers will have faster access to foreign exchange and financing through the global network of Standard Chartered by the end of the year.

The partnership is planned to boost digitalization of the whole supply chain, improving accuracy, transparency and efficiency for suppliers and buyers alike.

Working throughout some of the greatest dynamic trade corridors of the world, SAP Ariba and Standard Chartered are focused towards supporting sustainable financial growth and thus making financing easily accessible to firms by linking various business communities and facilitating commerce growth across the world.

The global head of Transaction Banking at Standard Chartered, Lisa Robins stated that company’s aim is making life easier for its customers and their ecosystems, and with evolution of the customers’ businesses, the company would also evolve. Robins added that the company is thrilled to partner with SAP Ariba to assist its clients across their entire procure-to-pay lifecycle and even beyond. As the company embraces open banking, it links communities throughout its footprint and offer access to integrated solutions which allows clients to increase their businesses sustainably.

Senior vice president, Business Network and Ecosystem, SAP Fieldglass and SAP Ariba, Sean Thompson stated that clients expect procedure of procure-to-pay to be efficient, seamless, comprehensive and easy. SAP is thrilled to welcome Standard Chartered in its ecosystem.

Source credit: https://www.businesswire.com/news/home/20190820005090/en/Standard-Chartered-SAP-Ariba-Join-Forces-Bring