Facts: SAP Ariba – the potential for a B2B marketplace
The Ariba Company dates back to 1996, when seven entrepreneurs decided to materialize the idea of an Internet-based procurement process support system. The company went public in 1999, being one of the first B2b companies to acquire this status. While Ariba itself absorbed Tradex, Agile Software, FreeMarkets and Procuri, in 2012 SAP SE acquired Ariba.
Now a part of the SAP portfolio, SAP Ariba “provides the world’s largest business network, best-in-class cloud procurement solutions, and innovative business models to help you modernize and grow your business”, integrating “the entire buying process across your entire organization”, due to the fact that it provides a meeting place for millions of global suppliers.
Find out more from this ERP News article.
Image credit: SAP Ariba, Aribanism YouTube