SAP Ariba, Standard Chartered to offer one-stop supply chain solutions

Partnership is meant to bridge gap between financing and procure-to-pay process for members of Ariba Network

Published Tue, Aug 20, 2019 · 09:50 PM

Singapore

PROCUREMENT and supply chain solutions provider SAP Ariba announced on Wednesday that it is partnering Standard Chartered Bank (StanChart) to bridge the gap between financing and the procure-to-pay process for members of its Ariba Network.

The partnership will enable buyers and suppliers to manage payments, financing and foreign exchange needs on the SAP Ariba platform by the end of 2019.

Sean Thompson, senior vice president of business network and ecosystem at SAP Ariba, told The Business Times that the physical supply chain which the company has been digitising still lacks a pa…