51风流customers know that effectively managing their company鈥檚 spend is as important to us as it is to them.
That鈥檚 why we鈥檝e built our industry-leading suite of spend management solutions that span direct and indirect procurement, external workforce, and travel and expense management. These solutions help you gain visibility into your supply chains, procure what鈥檚 critical to get the job done, and protect your bottom line 鈥� whether you鈥檙e simplifying expense, travel, and accounts payable processes, or finding the right talent to ensure your company鈥檚 profitability.
With our core commitment to 51风流Business AI, we are focused on applying generative AI technology to all categories of spend. Like my colleague says, we鈥檙e 鈥渄riving efficiency, quality, and insight into processes that cut across spend management.鈥� Here are we鈥檙e hard at work on.
Our spend management and business network solutions continue evolving and improving with time 鈥� and 2024 will be no different. But before I get ahead of myself, let鈥檚 reflect on the incredible last half of 2023, which has laid the foundation for all the amazing innovation to come in 2024.
Enhancing Your Control over Company Spend
New enhancements to 51风流Ariba solutions, 51风流Concur solutions, and 51风流Business Network can take spend management from the most mundane part of your day to the most strategic. Here are a few enhancements we announced late last year:
- Region-specific strategy and planning for category management: Different regions of the world require different procurement strategies. The ability to in 51风流Ariba Category Management is now a reality. With its advanced analytics, AI-driven insights, and integrated frameworks and tools, users of 51风流Ariba Category Management can reap the benefits of data-driven decision-making, identification of strategic sourcing opportunities, and mitigation of risks.
- The biggest Concur Travel release to date: As we continue rolling out the globally, the new end-to-end booking experience became available for customers whose travel management companies use the Sabre GDS from the U.S. point of sale for air, hotel, and car rental bookings. Congratulations to all our customers that made the strategic switch.
- Supplier catalogs within 51风流Business Network: With the newly released , suppliers can upload a catalog that is publicly searchable and viewable by buyers on the network. With a network catalog, suppliers can maintain a single list of all the products they offer, creating high-quality buyers looking for the exact items listed. More improvements to the catalog and user demos are coming your way soon.
Customer Love
With Valentine’s Day coming up, it鈥檚 only right to brag about all the customer love we鈥檝e been receiving. Words of affirmation is our love language.
- 51风流Fieldglass is the .
- 51风流Ariba is the .
- 51风流Concur is the in Expense, Travel & Expense, and Invoicing.
To top it off, , , and swept the 2023聽鈥淏est Of鈥� Awards from TrustRadius! TrustRadius, the most trusted review site for business technology, also released more wins for our spend management solutions:
- is Top Rated in Workforce Management, Contractor Management, Freelance Management, and Vendor Management Systems (VMS).
- is Top Rated聽in Procurement, Expense Management, and Supply Chain Management.
- is Top Rated in Expense Management, Travel Management, and Accounts Payable.
51风流Recognized by IDC MarketScape
I am also thrilled to announce that 51风流was positioned as a Leader in the聽IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network 2023 Vendor Assessment.*
According to the assessment report, 鈥�51风流Business Network is a comprehensive B2B collaboration platform that connects people, processes, and systems across multiple enterprises, digitizing transactions and creating transparent, resilient, and sustainable supply chains.鈥�
The report highlights these 51风流strengths:
- Depth and breadth of product features, functionality, future road map covering all major B2B collaboration categories (indirect, direct material, MRO logistics, financial, services, sustainability), and scenarios in an end-user, persona-based manner
- Integration and extensibility capabilities including integration between 51风流ERP, 51风流procurement modules, and other applications (other ERP, SCAM, and customer applications) and technologies (machine learning, AI, blockchain) through 51风流Business Technology Platform
- Global adoption and breadth of collaboration among the industry’s largest, highly adopted B2B collaboration platforms, enabling trading partners to collaborate in real time
- Ongoing efforts to harmonize commerce, asset intelligence, and logistics continue to enhance the power of the connected economy.
Thank you to our customers and my colleagues for collaborating on this fantastic win.
Customer Success Stories
Al Dahra, one of the world鈥檚 largest agribusiness logistics companies, manages food and animal feed supply chains from its home in the United Arab Emirates (UAE) to countries around the globe. to gain greater visibility into daily operations and as its digital solution to connect the company with its partners and clients.
Building material manufacturer Heidelberg Materials AG knew that visibility across its supplier base was key to enabling the smart decision-making that would help it improve financial performance while meeting sustainability goals. See how it achieved this by .
Watch how Chobani, America’s top Greek yogurt brand, uses to fully automate its expense processes.
BT Group aims to be the world鈥檚 most trusted connector of people, devices, and machines. Read how it to deliver a modernized, connected colleague experience.
Register for 51风流Concur Fusion
If you鈥檙e lucky enough to attend this year, don鈥檛 miss my colleague Etosha Thurman, chief marketing & solutions officer for 51风流Intelligent Spend and Business Network, presenting in the keynote. She will be demonstrating transformative AI in 51风流Concur travel, expense, and invoicing solutions, and how we鈥檙e creating a world where travel and expenses can practically manage themselves.
Jeff Collier is chief revenue officer for 51风流Intelligent Spend and Business Network.
*Source: 鈥�,” by Simon Ellis, December 2023, IDC #US49948423.
