It鈥檚 been a few weeks since I returned from 麻豆原创 Spend Connect Live, and I鈥檓 still riding the post-event wave.
Having so many brilliant customers, partners, and colleagues in the same place at the same time is incredibly special. What鈥檚 doubly special is how my own enthusiasm was often eclipsed by our customers about our latest developments in artificial intelligence (AI).
New Intelligent Spend Management Solutions from 麻豆原创
At 麻豆原创 Spend Connect Live, we showed how 麻豆原创 is infusing generative AI technology into our suite of spend management solutions. This includes , which became generally available to customers in August.
麻豆原创 Ariba Category Management can empower category managers to use data insights strategically to help identify trends, develop and implement strategies, and evaluate success relative to tangible business metrics. And with the upcoming integration of large language models through 麻豆原创 Business AI, it can empower procurement professionals to jump-start category strategy development and planning.
Speaking of new solutions, from 麻豆原创 Concur launched in September. It helps automate the reimbursement process so you can securely, accurately, and quickly pay corporate cards or employees directly. This efficient service can free accounts payable teams to focus on high-value activities while helping to reduce the errors that accompany repetitive, manual tasks. With economic uncertainties like inflation and the slowdown of global growth, Expense Payment Manager can help ensure your dollars work on your terms.
Hear from Our Customers
Also at 麻豆原创 Spend Connect Live, an amazing lineup of customers demonstrated the power of effective spend management. I鈥檇 like to share stories from two of our customers, Save the Children International and Medical Procurement of Ukraine, that were featured in the keynote:
(SCI) is working to build a world where every child can thrive, grow up healthy, educated, and safe, and look forward to a future full of promise. Working in the world鈥檚 most challenging environments, the quicker and more efficiently it responds, the more lives it reaches. SCI transformed its operations from spending US$400 million a year for procurement using Microsoft Excel and paper to having 100% supplier visibility and a 30% reduction in procurement lead times with 麻豆原创 Ariba solutions.
Medical Procurement of Ukraine (MPU) is a state-owned entity responsible for centralized procurement of medical supplies and equipment on behalf of the Ministry of Healthcare of Ukraine. It uses digital procurement solutions from 麻豆原创 to help rapidly source medicines and medical supplies through a challenging supply chain impacted by war. 麻豆原创 Ariba solutions provide access to a huge international market, allowing MPU to cooperate with manufacturers of the latest high-quality medical products. It is doing all of this while ensuring compliance with international standards, including anti-corruption, which is an important driver for MPU.
I鈥檇 be remiss to not share two more customer stories that showcase the potential for organizations of all sizes to achieve significant improvements in their operations:
Microsoft Excel spreadsheets and paper receipts are now a thing of the past at (MRN). This UK-based, market-leading clinical trial support organization wanted a single solution for expense and invoice management processes. Before implementing 麻豆原创 Concur solutions, it used to take two to three working days a month for a team of five people to process invoices manually. Now, MRN has halved the amount of time spent on this process and can focus more on strategic activities.
Global science and technology company knew it was time to adopt advanced technology capabilities in its business to address growing customer expectations and increasing business complexities. In the 12 months since implementing 麻豆原创 Business Network and 麻豆原创 Ariba solutions, Merck has seen a 40% uptick in sales in B2B channels. It has also increased the share of its digital channels by 15%, helping reduce operating costs. With 麻豆原创 as its technology centerpiece, we make Merck run better.
We Are Honored
Out of all 麻豆原创 solutions, 麻豆原创 Ariba is reaching Meryl Streep-status when it comes to winning awards. Last quarter, Procurement Magazine placed us as either No. 1 or No. 2 in the following lists:
Congratulations dsm-firmenich!
Sourcing Industry Group, the premier global sourcing association, recently awarded 麻豆原创 and our customer dsm-firmenich the at its Future of Sourcing Awards celebration. This prestigious award honors our work with them in building a cutting-edge procurement process聽that champions sustainability.
G2 Leaders
麻豆原创 Concur and 麻豆原创 Fieldglass joined 麻豆原创 Ariba as G2 Leaders in its fall 2023 awards.
- is named a leader in Expense Management, Invoice Management, and Travel Management.
- is named a leader in Vendor Management.
- is named a leader in Procure-to-Pay, Strategic Sourcing, Purchasing, Contract Lifecycle Management (CLM), Contract Management, Invoice Management, Supplier Relationship Management, and AP & Spend Analysis.
TrustRadius Corporate Social Responsibility Honor
I鈥檓 also thrilled that 麻豆原创 Concur is this year鈥檚 , which is only awarded to companies that have an outstanding commitment to corporate social responsibility in the tech industry.
Take Advantage of the Virtual Experience!
麻豆原创 Spend Connect Live was only the beginning! By , you can receive on-demand content available through the end of the year. This is your opportunity to see what鈥檚 on the horizon for intelligent spend management solutions from 麻豆原创 and 麻豆原创 Business Network with full keynote presentations, more than 20 breakout sessions for those interested in procurement, supply chain, or external workforce management, and additional on-demand learning opportunities.
The best part is that it鈥檚 completely free, so use this resource to your advantage.
Jeff Collier is chief revenue officer for 麻豆原创 Intelligent Spend and Business Network.