What is SAP Ariba in SAP BV-SRM - Brand Voice - Supplier Relationship Management?

SAP Term: SAP Ariba

• Component: BV-SRM

• Component Name: Brand Voice - Supplier Relationship Management

• Description:

Smart SAP Assistant

• Key Concepts: 
  SAP Ariba is a cloud-based platform that enables businesses to manage their supplier relationships. It provides a suite of tools to help companies streamline their procurement processes, from sourcing and contracting to payment and analytics. It also offers a range of services to help companies manage their supplier relationships, such as supplier onboarding, supplier performance management, and supplier risk management. 
  
  How to use it: 
  SAP Ariba can be used to manage the entire procurement process, from sourcing and contracting to payment and analytics. It provides a range of tools to help companies streamline their procurement processes, such as automated sourcing and contracting, automated payment processing, and analytics. It also offers a range of services to help companies manage their supplier relationships, such as supplier onboarding, supplier performance management, and supplier risk management. 
  
  Tips & Tricks: 
  When using SAP Ariba, it is important to ensure that all suppliers are properly onboarded and that all contracts are properly managed. It is also important to ensure that all payments are processed in a timely manner and that all analytics are up-to-date. Additionally, it is important to regularly review supplier performance and risk management processes in order to ensure that they are effective. 
  
  Related Information: 
  SAP Ariba is part of the SAP Business Suite of products. It is integrated with other SAP products such as SAP ERP, SAP HANA, and SAP S/4HANA. Additionally, it is integrated with third-party applications such as Salesforce and Microsoft Dynamics 365.