ThyssenKrupp AG, one of the world’s leading industrial and engineering groups, recently signed an agreement to use the Ariba® Network. With more than 1.5 million companies transacting over half a trillion in commerce on an annual basis, the Ariba Network is the world’s largest, most global business-to-business trading platform. ThyssenKrupp will connect to the network to streamline purchase orders and invoices and realize the following business benefits:
- Efficient collaboration with more than 10,000 suppliers
- Procure-to-pay process efficiency through purchase order and invoice automation
- Extended value of its on-premise SAP® ERP application
- New processes and insights that fuel innovation and business advantage
- Ability to automate nearly 1 million invoices a year
Klaus Hardy Muhleck, CIO, ThyssenKrupp AG:
“Stability and flexibility in IT initially seem contradictory, but for an innovative, business enabling IT you need the best of both worlds working together. ThyssenKrupp is innovating with SAP in many areas including cloud, Big Data and analytics in order to gain a competitive advantage. A vital IT is key for industry 4.0, cooperation 4.0 and digital business.”
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