![]() ![]() SAP Ariba is a B2B solution that allows you to connect to the world’s largest network of vendors and suppliers and enhance business collaboration with the right business partners. In this section, we will learn about the key features of SAP Ariba. At the onset, Ariba was a B2B company to do procurement over Internet and was the first one to introduce IPO in 1999. The cloud based innovative solution was first developed in 1996 by a company named Ariba and was later acquired by SAP in 2012 with a total acquisition cost of 4.3 billion USD with each share cost $45. To enable healthy supply chain, you need to have suppliers with visibility to every part of procurement process so that they can maintain an efficient supply chain and help organizations to grow their and own business. In today’s world, there is a need to control your supply chain and to collaborate with your suppliers in an efficient way. SAP Ariba digitally transforms your supply chain, procurement and contract management process. Ariba acts as supply chain, procurement service to do business globally. It improves over all vendor management system of an organization by providing less costly ways of procurement and making business simple. ![]() Together with our diverse suppliers and our competitive edge, we can contribute to the long-term economic sustainability of our communities.SAP Ariba is a cloud-based innovative solution that allows suppliers and buyers to connect and do business on a single platform. Refinitiv believes that utilizing diverse companies strengthens the communities in which we work and live. The goal of our campaign is to include diverse suppliers, in every sourcing opportunity wherever possible. ![]() Our Supplier Diversity campaign focuses on identifying and encouraging ethnic minority, women owned, small businesses owned and veteran-owned businesses by creating mutually beneficial partnerships. Refinitiv is committed to making Supplier Diversity an integral part of the way it does business. We partner with our Suppliers to drive savings, ensure compliance, manage demand and reduce supply chain risk to drive Refinitiv´s profitability and competitive advantage. We look for strong capabilities, high-quality and attractive commercial offerings that build long lasting partnerships. With Refinitiv now an LSEG (London Stock Exchange Group) business, we are committed to evaluating new and adaptive suppliers to meet our evolving needs. ![]()
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