ΒιΆΉΤ΄΄ customers know that effectively managing their companyβs spend is as important to us as it is to them.
Thatβs why weβve built our industry-leading suite of spend management solutions that span direct and indirect procurement, external workforce, and travel and expense management. These solutions help you gain visibility into your supply chains, procure whatβs critical to get the job done, and protect your bottom line β whether youβre simplifying expense, travel, and accounts payable processes, or finding the right talent to ensure your companyβs profitability.
With our core commitment to ΒιΆΉΤ΄΄ Business AI, we are focused on applying generative AI technology to all categories of spend. Like my colleague says, weβre βdriving efficiency, quality, and insight into processes that cut across spend management.β Here are weβre hard at work on.
Our spend management and business network solutions continue evolving and improving with time β and 2024 will be no different. But before I get ahead of myself, letβs reflect on the incredible last half of 2023, which has laid the foundation for all the amazing innovation to come in 2024.
Enhancing Your Control over Company SpendΒ
New enhancements to ΒιΆΉΤ΄΄ Ariba solutions, ΒιΆΉΤ΄΄ Concur solutions, and ΒιΆΉΤ΄΄ Business Network can take spend management from the most mundane part of your day to the most strategic. Here are a few enhancements we announced late last year:
- Region-specific strategy and planning for category management: Different regions of the world require different procurement strategies. The ability to in ΒιΆΉΤ΄΄ Ariba Category Management is now a reality. With its advanced analytics, AI-driven insights, and integrated frameworks and tools, users of ΒιΆΉΤ΄΄ Ariba Category Management can reap the benefits of data-driven decision-making, identification of strategic sourcing opportunities, and mitigation of risks.
- The biggest Concur Travel release to date: As we continue rolling out the globally, the new end-to-end booking experience became available for customers whose travel management companies use the Sabre GDS from the U.S. point of sale for air, hotel, and car rental bookings. Congratulations to all our customers that made the strategic switch.
- Supplier catalogs within ΒιΆΉΤ΄΄ Business Network: With the newly released , suppliers can upload a catalog that is publicly searchable and viewable by buyers on the network. With a network catalog, suppliers can maintain a single list of all the products they offer, creating high-quality buyers looking for the exact items listed. More improvements to the catalog and user demos are coming your way soon.
Customer Love
With Valentineβs Day coming up, itβs only right to brag about all the customer love weβve been receiving. Words of affirmation is our love language.
- ΒιΆΉΤ΄΄ Fieldglass is the .
- ΒιΆΉΤ΄΄ Ariba is the .
- ΒιΆΉΤ΄΄ Concur is the in Expense, Travel & Expense, and Invoicing.
To top it off, , , and swept the 2023Β βBest Ofβ Awards from TrustRadius! TrustRadius, the most trusted review site for business technology, also released more wins for our spend management solutions:
- is Top Rated in Workforce Management, Contractor Management, Freelance Management, and Vendor Management Systems (VMS).
- is Top RatedΒ in Procurement, Expense Management, and Supply Chain Management.
- is Top Rated in Expense Management, Travel Management, and Accounts Payable.
ΒιΆΉΤ΄΄ Recognized by IDC MarketScape
I am also thrilled to announce that ΒιΆΉΤ΄΄ was positioned as a Leader in theΒ IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network 2023 Vendor Assessment.*
According to the assessment report, βΒιΆΉΤ΄΄ Business Network is a comprehensive B2B collaboration platform that connects people, processes, and systems across multiple enterprises, digitizing transactions and creating transparent, resilient, and sustainable supply chains.β
The report highlights these ΒιΆΉΤ΄΄ strengths:
- Depth and breadth of product features, functionality, future road map covering all major B2B collaboration categories (indirect, direct material, MRO logistics, financial, services, sustainability), and scenarios in an end-user, persona-based manner
- Integration and extensibility capabilities including integration between ΒιΆΉΤ΄΄ ERP, ΒιΆΉΤ΄΄ procurement modules, and other applications (other ERP, SCAM, and customer applications) and technologies (machine learning, AI, blockchain) through ΒιΆΉΤ΄΄ Business Technology Platform
- Global adoption and breadth of collaboration among the industryβs largest, highly adopted B2B collaboration platforms, enabling trading partners to collaborate in real time
- Ongoing efforts to harmonize commerce, asset intelligence, and logistics continue to enhance the power of the connected economy.
Thank you to our customers and my colleagues for collaborating on this fantastic win.
Customer Success Stories
Al Dahra, one of the worldβs largest agribusiness logistics companies, manages food and animal feed supply chains from its home in the United Arab Emirates (UAE) to countries around the globe. to gain greater visibility into daily operations and as its digital solution to connect the company with its partners and clients.
Building material manufacturer Heidelberg Materials AG knew that visibility across its supplier base was key to enabling the smart decision-making that would help it improve financial performance while meeting sustainability goals. See how it achieved this by .
Watch how Chobani, Americaβs top Greek yogurt brand, uses to fully automate its expense processes.
BT Group aims to be the worldβs most trusted connector of people, devices, and machines. Read how it to deliver a modernized, connected colleague experience.
Register for ΒιΆΉΤ΄΄ Concur Fusion
If youβre lucky enough to attend this year, donβt miss my colleague Etosha Thurman, chief marketing & solutions officer for ΒιΆΉΤ΄΄ Intelligent Spend and Business Network, presenting in the keynote. She will be demonstrating transformative AI in ΒιΆΉΤ΄΄ Concur travel, expense, and invoicing solutions, and how weβre creating a world where travel and expenses can practically manage themselves.
Jeff Collier is chief revenue officer for ΒιΆΉΤ΄΄ Intelligent Spend and Business Network.
*Source: β,β by Simon Ellis, December 2023, IDC #US49948423.