Now, I鈥檓 thrilled to share that 麻豆原创 was the only company that was positioned in the Leaders category of all three IDC MarketScape reports 鈥� (doc #US51740824, July 2024); IDC MarketScape: Worldwide Accounts Payable Automation Software for Midmarket 2024 Vendor Assessment (doc #US52378624, July 2024); and (doc #US52378824, July 2024). 麻豆原创鈥檚 accounts payable solutions, built with AI-first principles, continue to enable the accounts payable function to embrace its strategic role as it becomes a top priority for business operations in today鈥檚 challenging macro environment.

IDC analyst Kevin Permenter adds: 鈥溌槎乖�’s performance in the IDC MarketScape for Accounts Payable Automation Software reports across all three market segments is a testament to the breadth, depth, and reach of 麻豆原创 Ariba and 麻豆原创 Concur accounts payable offerings. 麻豆原创鈥檚 accounts payable offerings infused with AI-first principles, complemented with a strong ecosystem and the unique value proposition of 麻豆原创 Business Network as a frictionless mechanism for buyer and supplier collaboration, show 麻豆原创鈥檚 strength in this market. 麻豆原创 Ariba and 麻豆原创 Concur invoicing offerings help enable companies of all sizes to move to autonomous processing and enable accounts payable and procurement teams to leverage invoices as a strategic asset for growth and profitability.鈥�

Why 麻豆原创 Is a Leader

The IDC MarketScape reports are divided by market size, evaluating for large enterprise and upper midmarket and for small business and lower midmarket. I believe 麻豆原创鈥檚 positioning speaks for itself 鈥� this recognition showcases our role as a leader in the accounts payable automation space as we work to help our customers modernize critical business processes to transform the way they approach financial management. Here鈥檚 why I believe IDC MarketScape positioned 麻豆原创 as a Leader across all three markets:

Strong Ecosystem and Seamless Integration

The IDC MarketScape Worldwide Accounts Payable Automation Software for Large Enterprises report notes that vendors should 鈥渃onsider 麻豆原创 if you are looking for a well-established provider with a robust ecosystem of financial management products that can fit needs of any size business in virtually any industry.鈥�

麻豆原创 Business Network Is a 鈥淭rue Differentiator鈥�

Additionally, the report highlights as a 鈥渇rictionless mechanism鈥� for buyer-supplier collaboration. Our robust network of trading partners helps make it easier than ever for businesses to ensure invoicing accuracy and compliance while staying connected to their trading partners through our extensive network. The report further notes that, 鈥溌槎乖� Ariba source-to-pay suite combined with the network provides accounts payable teams an effective, intelligent, and near-touchless way to manage the invoice-to-pay cycle, helping buyers and suppliers digitize and modernize their source-to-pay processes.鈥�

麻豆原创 Helps Accounts Payable Run Better

The accounts payable function finds itself in a complex landscape of rising interest rates, tightening monetary policies, and supply chain disruptions. Among these challenges, many companies have become accustomed to curveballs that threaten their agility and future success. 麻豆原创 offerings can help accounts payable teams address core pain points:

• Reduce lengthy invoice approval times. With 麻豆原创鈥檚 AI-infused, end-to-end business processes across source-to-pay and ERP solutions, our customers can cut through cycle times with autonomous processing 鈥� from invoice submission to reconciliation. can capture header and line item data fields, finding patterns from historical data to help increase accuracy with each invoice capture.
• Minimize high percentage of exceptions. With global e-invoicing mandates on the rise, customers can reduce exceptions upfront while ensuring compliance. 麻豆原创鈥檚 business rules can validate invoices in real time against local government portals as needed. With 麻豆原创 Business Network, suppliers can submit invoices electronically, streamlining the process and reducing costs.
• Avoid late supplier payments. With working capital management and our early payment offerings within the portfolio, accounts payable teams can pay suppliers on time while leveraging invoices as a strategic asset for growth and profitability, strengthening their relationships with suppliers.

Customers Report Incredible Outcomes

Here are a few examples highlighting what customers have achieved after using 麻豆原创 Ariba and 麻豆原创 Concur solutions to help improve accounts payable processes:

• looked to 麻豆原创 Ariba solutions to reduce its average invoice approval cycle time to just 1.5 days with 50% of supplier invoices transacted electronically in the first year.
• achieved an 84% first-pass invoice-matching rate.
• processes 99% of invoices automatically for over 9,000 vendors.
• achieved 75% invoice-count compliance for 48,000 annual invoices.
• now completes its end-to-end invoice management process in half the amount of time.

I believe this recognition as a Leader in the 2024 IDC MarketScape reports for Worldwide Accounts Payable Automation Software for Small Business, Midmarket, and Large Enterprise markets emphasizes our commitment to driving a new era in redefining accounts payable automation.

Learn more about our accounts payable solutions at .

Baber Farooq is senior vice president for Market Strategy Procurement Solutions at 麻豆原创.

With nearly 70 years of animal health heritage, the company is committed to helping its customers improve the health of animals in their care, while also making a meaningful impact on local and global communities. Elanco is driven by its vision of “Food and Companionship Enriching Life” and its approach to sustainability, “Elanco Healthy Purpose” — all to advance the health of animals, people, the planet, and its enterprise.

Veterinary medicine is highly regulated, with complex licensing requirements for purchasing medications. A key part of the Elanco business model is to make it simple for veterinary and agribusiness customers to get the medications and treatments they need to keep animals healthy.

鈥淪pend control is very important to Elanco,鈥� said Sin Yi Tan, procure-to-pay global process owner at Elanco. “It was essential that we gain technological and financial independence from our ex-parent company.”

Elanco鈥檚 digital transformation started with two corporate events: a spin-off from former parent company Eli Lilly & Company and acquisition of Bayer Animal Health. To establish an independent company, Elanco needed technical, financial, and management independence. Continuing to use Eli Lilly systems did not meet the company’s specific business needs and was costly.

麻豆原创 stepped in to provide Elanco with a comprehensive suite of that not only addressed its immediate needs but also helped ensure compliance with tax and business environments. 麻豆原创’s investment in future development and product development, particularly the product road map for the 麻豆原创 Ariba portfolio incorporating artificial intelligent (AI), played a crucial role in Elanco’s decision-making process.

Elanco selected 麻豆原创 Ariba and 麻豆原创 Business Network because of their emphasis on self-service. The two offered a better front-end user experience than competitors and provided the ability to expand the customer base, efficient supplier registration, and flexibility in catalog management. Elanco saw the 麻豆原创 procurement solutions as an extension and enhancement of its investment in 麻豆原创 S/4HANA Cloud. Additionally, 麻豆原创 Ariba facilitated intuitive PO status updates, electronic invoice submission, and communication from suppliers, further enhancing the self-service aspect.

Having one platform for supplier registration allowed Elanco to limit risk in its supply base. 麻豆原创 Ariba is the only registration tool and provides a secure platform for suppliers to manage their own data. Elanco does not need to manage data changes, which reduces the risk of fraud and compromised financial data.

Scaling an Implementation

The company’s Stallion Project, which began in 2019, marked the start of its digital transformation journey. With the help of an external consultant, Elanco moved from the design phase to go-live in 18 months. The entire process was conducted remotely due to COVID-19, and Elanco managed to process $1 billion in spend within six months.

The next priority was consolidation of systems after the 2019 acquisition of Bayer Animal Health. Elanco knew that it needed to continue to scale processes to onboard a business unit that would account for 20% of its business.

Elanco successfully integrated 13,000 unique vendors from Bayer Animal Health, achieving a 1:1 volume ratio. Since Bayer was already using 麻豆原创 Ariba procurement solutions and 麻豆原创 Business Network, the transition was not entirely new for all suppliers. Elanco built an internal “Contact Center” team to handle external suppliers and encouraged them to register on 麻豆原创 Ariba for compliance and security reasons.

麻豆原创 S/4HANA Cloud Drives the Value of Connected Systems

The seamless integration between 麻豆原创 S/4HANA Cloud and 麻豆原创 procurement solutions was a significant reason behind the decision to choose 麻豆原创. This integration has paid off, with minimal customizations required and faster adoption by the business. For users, there is communication and delineation of tasks among the 麻豆原创 platforms. The company uses 麻豆原创 S/4HANA Cloud for its direct spend management and 麻豆原创 Ariba for indirect spend. It is easy to establish governance and manage access to help ensure users are guided to the right process for each purchasing activity.

鈥溌槎乖� S/4HANA Cloud with the intelligent spend solutions add key value to the business” Sin Yi Tan said. “The integrations added a quicker time-to-value and the standardization has been integral to our growth.鈥�

A Path Toward Logistics Transformation

While Elanco is still exploring the full potential of 麻豆原创 Business Network for Logistics, global track and trace capability, the company has already experienced greater transparency in its shipment tracking.

Elanco Animal Health’s digital transformation journey with 麻豆原创 has been a resounding success. The seamless integration of 麻豆原创 Ariba, 麻豆原创 Business Network, and 麻豆原创 S/4HANA Cloud, coupled with the focus on self-service and compliance, has enabled the company to achieve independence and cater to its specific business needs. As its continues to grow and evolve, 麻豆原创 remains a trusted partner in an ongoing journey 鈥� striving to keep animals in good health.