Singapore, 21 August 2019 – Standard Chartered Bank and SAP Ariba today announced their collaboration to make Bank’s financial supply chain solution easily accessible through Ariba Network.
Ariba Network is the world’s largest digital business network connecting more than 4.2 million companies in 190 countries.
By the end of this year, buyers using Ariba Network will be able to seamlessly manage their payments and supply chain finance needs with the SAP Ariba digital platform.
While the suppliers will get quicker access to financing and foreign exchange via Standard Chartered’s global network. The collaboration is intended to accelerate the digitalisation of the entire supply chain, improving efficiency, transparency, and accuracy for buyers and suppliers alike.
“Customers expect the procure-to-pay process to be easy, efficient, comprehensive and seamless, and rightly so,”Sean Thompson , senior vice president, Business Network and Ecosystem, SAP Ariba and SAP Fieldglass.
Working across some of the world’s most dynamic trade corridors, Standard Chartered and SAP Ariba are committed to supporting sustainable economic growth and making financing more accessible to companies by connecting business communities and facilitating increased commerce across the globe.
“We are delighted to collaborate with SAP Ariba to support our clients throughout their procure-to-pay lifecycles and beyond. As we embrace open banking, we connect communities across our footprint and provide access to integrated solutions that enable our clients to grow their businesses sustainably.”Lisa Robins , global head of Transaction Banking at Standard Chartered.
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