SAP addresses these challenges by bringing together best of breed SAP procurement applications on a common platform with universal data models and user experiences.

However, enterprises are not currently completely equipped to be responsive as they are still dealing with a reality of complex heterogenous systems, multiple platforms, data inconsistencies, fragmented stacks, varied user experiences and integration challenges. That means enterprises must move beyond traditional mindsets to a more strategic, scalable approach – one that allows them to transform efficiently across every part of the source to pay (S2P) process. The need to source essential supplies faster and more effectively than ever before, while continuing to increase productivity and reduce costs and risk. Procurement is at the center stage and has taken a critical position as part of digital transformation initiatives.

Supplier collaboration, transparency and 360-degree visibility.A few of the strategic priorities on the minds of procurement executives are: These demands have increased the need for procurement agility and integrated platforms more than ever before. Customers are demanding more from the organizations they buy from and work with – more speed, better quality, the best experience and full transparency. With economic volatility at an all-time high, organizations are dealing with extreme pressure to control costs, manage risks, sense opportunities and increase efficiency and productivity and to do it all without slowing down progress.

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