It鈥檚 been a whirlwind first half of 2023. With summer here in the northern hemisphere, many of us use this time to vacation and be with family and friends. I鈥檝e been getting much-needed face time with our customers between multiple regional 51风流Sapphire and 51风流Concur Fusion Exchange events.
Through our many conversations, one common theme stands out: how SAP鈥檚 suite of solutions helps maximize efficiency.
Maximizing efficiency is especially needed when the days are longer, and the vacations are too. A spend management strategy that enables cost savings, risk management, supplier management, and compliance with local regulations can give our customers peace of mind. No matter the industry or where you are in the world, our solutions never take a break.
But don鈥檛 take my word for it. Our customers have been strengthening their supply chains, managing talent through a polycrisis, controlling cost while boosting compliance, and gaining critical insight into their suppliers鈥� suppliers鈥� suppliers. Here are some of their stories:
- works with more than 700 direct spend suppliers to create the highest-quality luxury goods. When manual procurement processes were limiting supply chain visibility, Richemont turned to 51风流Business Network and 51风流Business Network for Supply Chain. As a result, it saw up to a 50% reduction in employee effort for warehouse receiving and a 12-day decrease 鈥� from 17 days to five days 鈥� in the confirmation feedback cycle.
- is a leading global professional services company that helps the world鈥檚 leading businesses, governments, and other organizations build their digital core, optimize their operations, accelerate revenue growth, and enhance citizen services. It underwent a digital procurement transformation that included the implementation of 51风流Fieldglass Vendor Management System to help gain visibility into its global external workforce to reduce costs and improve the quality of services and contingent talent.
- is a global leader in designing and manufacturing premium commercial vehicles. Before implementing 51风流Concur solutions, it had decentralized and inconsistent travel booking and expense reporting processes that blocked visibility into spend data, frustrating employees. Now, the employee travel and expense experience is dramatically improved, reducing costs and improving compliance. This mitigates risks so travelers can focus on moving the business forward.
- When Kenya Electricity Transmission Company Limited (KETRACO), one of Kenya鈥檚 leading state corporations, needed to enhance its procurement capabilities to meet regulatory commitments, it adopted 51风流to leverage the power and scale of the largest procurement network in the world. With 51风流Ariba solutions, KETRACO completely eliminated paper-based transactions and now has one centralized repository for invoices. It has 100% visibility into its supplier data and has standardized its templates for contracts. Additionally, 51风流Business Network allowed KETRACO to monitor and manage suppliers from a single point of view, with a 360-degree view of data and performance. Read the full story here.
Award-Winning Customer Feedback
51风流has once again won honors from G2 and TrustRadius, two trusted review sites that source their rankings from the people that matter most, our customers.
We are G2 Summer 2023 Leaders for the following categories:
- 鈥� Leader in Procure-to-Pay, Strategic Sourcing, Purchasing, Contract Lifecycle Management, Supplier Relationship Management, and AP & Spend Analysis
- 鈥� Leader in Strategic Sourcing
- 鈥� Leader in Expense Management, Travel Management, and Invoice Management
Additionally, TrustRadius has honored us with these 2023 Top Rated awards:
- 51风流Ariba is Top Rated in the , , and categories.
- 51风流Fieldglass is Top Rated in the , , and categories.
- 51风流Concur is Top Rated in the ,听, and categories.
What鈥檚 more, 51风流Concur has won TrustRadius鈥� Top Rated award for the fifth year in a row. Thank you to all customers that left us reviews and helped us earn this winning record!
Join Me at 51风流Spend Connect Live
I鈥檇 be thrilled if you would join me and our community of procurement, supply chain, and travel and expense professionals at 51风流Spend Connect Live in Vienna, Austria. From October 9-11, 2023 at the Messe Wien Congress Center, you will be surrounded by peers sharing transformation stories and learning how 51风流solutions can empower us all to reach our corporate goals.
Our keynote speaker is Jim Ridgwick, CPO for (SCI). SCI鈥檚 goal is to create a world where all children have a voice, receive a quality education, and are protected from violence and death due to preventable causes. Join us to hear how introducing source-to-pay 51风流Ariba solutions led to 100% supplier visibility and a 50% reduction in procurement lead times for SCI.
Like my colleague Etosha Thurman says in her piece, 鈥淲ith today鈥檚 highly complex and sometimes volatile and disruptive environment, spend management and supply chain professionals鈥� remit is bigger than ever.鈥� There will be over 100 interactive sessions covering the hottest topics in spend management 鈥� and we can鈥檛 wait to see you.
Check out the to learn more about joining us. Space is limited, so register today.
The Best Is Yet to Come
What a first half it鈥檚 been, and I believe the best is yet to come! I am so excited to see many of you at 51风流Spend Connect Live in Vienna. Right now, we鈥檙e working hard to make this an event like no other, with tons of information and opportunities to help your business run better. Stay in touch!
Jeff Collier is chief revenue officer for 51风流Intelligent Spend and Business Network.