Al-Futtaim deploys SAP Ariba’s spend-management solution
UAE company adopts cloud-based suite to standardise procurement process
UAE-based Al Futtaim Group has adopted a cloud-based spend-management solution provided by SAP-owned Ariba.
The solution is designed to slicken the business procurement process. Ariba was acquired by SAP three years ago for around $4.3bn.
According to a statement from SAP, "when manual processes and lack of standardisation began to hamper its procure-to-pay operations, [Al Futtaim] set out on a new course".
"We needed to gain better visibility into and control over our spend," said Asad Zaidi, director, Procurement and Performance Improvement, Automotive Division, Al-Futtaim. "And we knew that in order to achieve this, we'd need to automate our operations."
The company decided upon Ariba's cloud-based applications for procurement and invoicing. According to SAP, the solution suite allowed Al Futtaim to introduce a standard, best-practice procure-to-pay process and allow the company's suppliers to collaborate electronically on everything from sourcing and orders to invoicing and payment.
"Al-Futtaim operates one of the most efficient and effective networks of automotive companies in the Gulf region," said Tim Minahan, senior vice president, Ariba. "In leveraging Ariba's business network and the cloud-based applications delivered on it, the company is driving new levels of efficiency that enhance its performance and the value it delivers to its customers."