{"id":140605,"date":"2020-05-07T07:16:53","date_gmt":"2020-05-07T07:16:53","guid":{"rendered":"https:\/\/news.sap.com\/africa\/?p=140605"},"modified":"2023-09-27T19:58:50","modified_gmt":"2023-09-27T19:58:50","slug":"financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana","status":"publish","type":"post","link":"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/","title":{"rendered":"Financially Driven Leaders Transform Procurement with 麻豆原创 Ariba and 麻豆原创 S\/4HANA"},"content":{"rendered":"<p class=\"lead\">There has never been greater urgency for financial rigor, and many companies are finding it in technologies that provide company-wide visibility into procurement spend.<\/p>\n<p>Several market leaders recently gathered online to share their procurement transformation experiences for an exclusive roundtable during the <a href=\"https:\/\/events.sap.com\/aribalive-events\/en\/session\/52978\">virtual 麻豆原创 Ariba Live<\/a> event. Hosted by Jo Peterson, vice president of Cloud and Security Services at Clarify360, a candid conversation covered not just the wins, but also major challenges.<\/p>\n<h2><strong>Teams Dedicated to Collaboration<\/strong><\/h2>\n<p>Like many global organizations that have grown by acquisitions, Stanley Black &amp; Decker needed to simplify its complex technology landscape. The driver behind moving forward with 麻豆原创 S\/4HANA Cloud was the decision to go with the 麻豆原创 Central Finance solution.<\/p>\n<p>\u201cCreating a new instance of <a href=\"https:\/\/www.ariba.com\/solutions\/platform-and-technology\/integration-solutions\/sap-ariba-with-sap-s4hana?campaigncode=CRM-IS20-PRL-OOCWA06\">麻豆原创 Ariba in 麻豆原创 S\/4HANA<\/a> allowed us to provide global and consistent financial information,\u201d said Nicole Flikier, digital tools and analytics global lead at Stanley Black &amp; Decker. \u201cIt allowed end-users to have a better experience and single source of truth, while supporting our long-term program to have one instance of 麻豆原创.\u201d<\/p>\n<p>Flikier was the first to admit that the transformation did not happen magically. Regular communication about the financial benefits united people on multiple project teams around what became a successful go live.<\/p>\n<p>\u201cWith numerous ERP systems and all that data, making sure it was harmonized was a challenge. It takes an army to do that cleansing,\u201d she said. \u201cWe needed to communicate to the team the value of a universal global ledger\u2026 Everybody knew the benefits tied to that, especially being a very financially driven company.\u201d<\/p>\n<p>Flikier characterized her company\u2019s transformation as a tremendous undertaking with aggressive timelines for every project to go live simultaneously. She credited the team\u2019s success to having a shared project methodology and meeting localized country requirements.<\/p>\n<h2><strong>Faster Turnarounds Boost User Satisfaction<\/strong><\/h2>\n<p>According to Jinesh Parakulangara, senior manager at HPE Global IT, replacing his company\u2019s organically grown patchwork of legacy procurement systems with a single enterprise resource planning (ERP) platform \u2013 麻豆原创 Ariba running on 麻豆原创 S\/4HANA Cloud \u2013 has saved time and increased productivity for both procurement and payables.<\/p>\n<p>\u201cWe now have a more controlled, centralized procurement function\u2026with a road map to consolidate that onto a single platform,\u201d he said. \u201cOur business users are very happy. They just have to go into one system for global procurement operations and invoice verification, tax issues, and anything related to procure to pay.\u201d<\/p>\n<h2><strong>Amazing Integration Simplifies and Streamlines<\/strong><\/h2>\n<p>HPE went live with the new cloud-based platform in 57 countries at once, backed by extensive training for employees and suppliers as well as built-in communication and collaboration. Besides touchless invoicing, the biggest win was the simplification around master data management delivered by 麻豆原创 S\/4HANA.<\/p>\n<p>\u201cWith a cloud solution, we\u2019re getting more features introduced to us, which we didn\u2019t have in the past when we were on premise,\u201d Parakulangara explained. \u201cFrom a procurement standpoint, it\u2019s really about simplification of our ordering processes. And on the finance side, with 麻豆原创 S\/4HANA, we\u2019ve tightened the entire process. We truly have a single platform that takes care of our payable needs in a compliant manner. The way these systems integrate with each other is truly amazing.\u201d<\/p>\n<h2><strong>Data Harmonization Well Worth It<\/strong><\/h2>\n<p>Similar to Flikier\u2019s experience at Stanley Black &amp; Decker, consolidating data was a worthy challenge given the results at HPE.<\/p>\n<p>\u201cScrubbing the data was a challenge, but it revealed process gaps and it\u2019s why everything is now streamlined,\u201d Parakulangara said. \u201cOne of the reasons why we were able to get processes touchless is because we have brought\u2026everything together from procurement to invoicing to payments all into the same platform.\u201d<\/p>\n<p>He added that using 麻豆原创 best practices for core processes sped up the entire project.<\/p>\n<h2><strong>Intelligence Supports Financial Discipline<\/strong><\/h2>\n<p>Understanding the full picture of spend management is not just essential for operational continuity today; it is a business imperative to keep people productive. There is no doubt that a cloud-based system that brings together real-time information company-wide is instrumental in providing the financial discipline every intelligent enterprise needs.<\/p>\n<hr \/>\n<p><em>Follow me: @smgaler<\/em><\/p>\n<p>This article first appeared on the <a href=\"https:\/\/news.sap.com\/2020\/05\/procurement-transformation-sap-ariba-sap-s4hana\/\">麻豆原创 News Center<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There has never been greater urgency for financial rigor, and many companies are finding it in technologies that provide company-wide visibility into procurement spend. Several&#8230;<\/p>\n","protected":false},"author":243,"featured_media":140227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5597582,294,7737,5598751],"tags":[5588968,5596386,28,5550963,1494668,5596433,4979,5598766,36],"series":[],"sapn-display":[45149,279685],"sapn-type":[45018],"class_list":["post-140605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-erp","category-events","category-solutions","category-spend-management","tag-intelligent-enterprise","tag-intelligent-spend","tag-procurement","tag-sap-ariba","tag-sap-ariba-live","tag-sap-central-finance","tag-sap-erp","tag-sap-s-4hana","tag-supply-chain","sapn-display-homepage-hero","sapn-display-hero","sapn-type-feature"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Financially Driven Leaders Transform Procurement with 麻豆原创 Ariba and 麻豆原创 S\/4HANA - 麻豆原创 Africa News Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financially Driven Leaders Transform Procurement with 麻豆原创 Ariba and 麻豆原创 S\/4HANA\" \/>\n<meta property=\"og:description\" content=\"There has never been greater urgency for financial rigor, and many companies are finding it in technologies that provide company-wide visibility into procurement spend. Several...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/\" \/>\n<meta property=\"og:site_name\" content=\"麻豆原创 Africa News Center\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-07T07:16:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-27T19:58:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/africa\/files\/2020\/01\/highway.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2600\" \/>\n\t<meta property=\"og:image:height\" content=\"1733\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Susan Galer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Susan Galer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/\"},\"author\":{\"name\":\"Susan Galer\",\"@id\":\"https:\/\/news.sap.com\/africa\/#\/schema\/person\/e6fc4036e9a2c8bf563500b1f0e8c8fc\"},\"headline\":\"Financially Driven Leaders Transform Procurement with 麻豆原创 Ariba and 麻豆原创 S\/4HANA\",\"datePublished\":\"2020-05-07T07:16:53+00:00\",\"dateModified\":\"2023-09-27T19:58:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/\"},\"wordCount\":705,\"image\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/africa\/files\/2020\/01\/highway.jpg\",\"keywords\":[\"Intelligent Enterprise\",\"intelligent spend\",\"procurement\",\"麻豆原创 Ariba\",\"麻豆原创 Ariba Live\",\"麻豆原创 Central Finance\",\"麻豆原创 ERP\",\"麻豆原创 S\/4HANA\",\"supply chain\"],\"articleSection\":[\"ERP\",\"Events\",\"Solutions\",\"Spend Management\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/\",\"url\":\"https:\/\/news.sap.com\/africa\/2020\/05\/financially-driven-leaders-transform-procurement-with-sap-ariba-and-sap-s-4hana\/\",\"name\":\"Financially Driven Leaders Transform Procurement with 麻豆原创 Ariba and 麻豆原创 S\/4HANA - 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