|By Dana Gardner||
|March 25, 2014 11:16 AM EDT||
LAS VEGAS -- Ariba wrapped up its annual Ariba LIVE user conference today with a series of announcements, chief among them news that its AribaPay automated B2B payments settlements service is now operational, and a demo of pending mobile applications for its flagship procurement, supplier management and cash flow optimization business applications.
Most of the announcements this week by Ariba, an SAP company, involved enhancements to the Ariba Network. The goal is to drive new levels of connectivity, collaboration, and insight -- all required to optimize buying, selling, and managing cash in today’s networked economy. That activity then sets the stage for gathering unique data sets that spans global regions and hundreds of business verticals. And that community- and business process-generated data allows for unprecedented analytics and business intelligence capabilities that Ariba then delivers back to its network participants.
"Real-time response is no longer enough, predictive is the power of analyzed business networks," says Rachel Spasser, Ariba CMO. "It's time to embrace networks and their intelligence to transform commerce."
Ariba also declared a clear path for bringing more of its apps and services onto the SAP HANA platform, as well as to the HANA cloud. Standardizing on the HANA cloud provides broad synergies with Ariba across other SAP assets (also headed to HANA cloud) such as ERP and business apps, SuccessFactors, CRM functions, and many business analytics capabilities.
“Business today is different than it was 10 – even 5 – years ago. It’s more social and mobile. It’s faster and smarter. And it demands a whole new way of operating,” said Sanish Mondkar, Executive Vice President and Chief Product Officer at Ariba, speaking at The Cosmopolitan hotel here. “With the latest enhancements to the Ariba Network, companies can effectively change the game, leveraging the wisdom and insights of entire communities to enable new processes that drive unprecedented innovation and outcomes.”
Through enhanced spend, process, and network-derived insights, delivered as part of the latest Ariba releases, companies can execute a more intelligent and automated sourcing process that drives better business. Those services are also extending to new countries, as Ariba is -- with significant new SAP financial investment -- building out data centers in China and Russia. "Our globalization innovations will cover 75 countries and 70% of the world’s commerce,” said Mondkar.
For example, with Ariba Spend Visibility now powered by SAP HANA (the first Ariba service to land on HANA), companies can analyze more spend data more quickly. Data loads 20 times faster and is immediately accessible once a sourcing project, contract, or invoice is initiated. Ariba said that Spend Visibility on SAP HANA takes report generation from minutes/hours to seconds.
Companies can perform more complex analyses based on an expanded set of variables, including cost centers, purchase price variances, and micro regions, and receive results in real time. [Disclosure: Ariba is a sponsor of BriefingsDirect podcasts.]
With Ariba Sourcing and Ariba Discovery now integrated in Ariba Spot Quote, companies can create and execute one-time purchases for goods or services that are not handled by their supplier base in a fully automated manner. Requests for quote (RFQ) are automatically generated from a backend enterprise resource planning (ERP) system and sourcing events created within Ariba. Suppliers are then invited either as part of the RFQ or from matching through Ariba Discovery – all without any human intervention.
Spot buys are challenging for most companies because they require quick turnaround, and buyers generally lack efficient or effective methods to source them. Leveraging solutions like Ariba Spot Quote, organizations can reduce the time it takes to find the right suppliers from weeks to days or even hours and drive cost reductions of between two and five percent on average.
Selling organizations can more quickly and easily identify new business opportunities and collaborate with trading partners to enhance and expand relationships.
Ariba also shed new light o its next generation of apps and services, code-named Alexandria, after the famed library of the ancient world in Egypt.
The new platform will provide a single source of supplier information, easy syndication (including across SAP) to manage supplier information, and stewardship of network information and broad integrations, said Mondkar. Again the goal is to both create integrated business functions and a data resource capability that generates new and highly valued business analysis -- even to help predict outcomes so businesses can act quickly to their markets and supply chains.
An those same business apps, process flows and the predictive analysis will soon delivered to the enterprise mobile tier. Mondkar showed on the stage here today a really impressive mobile iOS apps and alerts demo for Ariba procurement and supplier processes. It allows the professionals to access their processes, data and alerts any time and any where. I especially like the emphasis on making the app UI and mobile UI context-aware and dynamic to the users' situation. The mobile apps will become generally available in the fall of this year, said Ariba.
New custom products and services categories within Ariba Discovery were announced to enable better matching of buyer postings to seller opportunities and the automatic delivery of more qualified leads.
With daily delivery of leads automatically categorized as “new,” “best match,” or “closing soon,” selling organizations can efficiently monitor and manage opportunities and ensure that nothing is missed. And with new email capabilities, buyers can view and reply to sellers directly from their email client without logging into Ariba Discovery, speeding responses and enhancing collaboration.
Through enhancements to Ariba Invoice Management, companies can expand touchless invoice processing to new spend categories on a global basis, while also presenting new opportunities to enforce compliance and improve collaboration among trading partners.
Project-based invoices, common for construction, engineering, repairs and facilities management, are among the most critical expenses to manage, and most difficult to control. With Ariba Services Invoicing, companies can extend the smart invoicing process – where e-invoices undergo an automated validation process upon supplier submission so that only accurate and approved invoices reach accounts payable – to these complex spend categories.
Buyers can review and approve service entry sheets—which detail the services performed before, not after, invoice submission. Suppliers can then “flip” approved service entry sheets into invoices to create the perfect payable.
Brazil and Mexico are among the countries with the most complex tax requirements for electronic invoices. By extending e-invoicing support to these countries, the Ariba Network provides the infrastructure needed to receive and validate e-invoices that meet these stringent regulations, along with an e-invoice archive and audit trail for additional business controls, so that global organizations can expand their e-invoice initiatives to these fast-growing Latin American markets.
“The business of tomorrow will be different from today,” Mondkar said. “But companies that leverage the Ariba Network – and the enhancements unveiled today –can future proof their operations and make better decisions that create significant advantage.”
To learn more the Ariba Network and the value it can deliver for your organization, visit: www.ariba.com.
First transactions on AribaPay
Ariba has also announced the first transactions completed on AribaPay, its cloud-based B2B payments solution. Arlington Computer Products, a provider of IT productivity solutions, was the first to dip its toe into the water, participating in an early access program and has completed the first payments using the new Ariba service.
A fully integrated, end-to-end solution, AribaPay completes the procure-to-pay cycle embedded in the Ariba Network by integrating it to Discover’s trusted global payments infrastructure to effect payments at maturity.
With AribaPay on the Ariba Network, ordering, billing, and settlement processes between buyers and sellers are fully integrated. Companies can reduce costs, reduce risk, and complete the procure-to-pay process faster, easier, and with greater transparency and security.
AribaPay creates value on both sides of the transaction. Buyers who create purchase orders and receive invoices through the Ariba Network will now be able to close the procure-to-pay loop by sending payments to their suppliers using Ariba Pay. That results in less paper, less risk, and less effort in managing bank account information and related data. Buyers will uncover and resolve disputes faster, monitor on-going payments better and lower their processing costs and fraud risk.
Sellers will be able to receive rich remittance information and gain a clear and reliable view into future payments. They’ll be able to track and trace payments, uncover payment problems earlier, and ultimately reconcile faster while lowering their payment processing costs.
Other benefits include:
- Lower processing costs
- Richer remittance advice
- Elimination of paper checks and invoices
- Fewer payments lost to escheatment
- Ability to track and trace transactions
- Faster reconciliation and dispute resolution
AribaPay is in use and will be made generally available in the United States during the second quarter of 2014. Support for additional countries will be announced in the second half of 2014.
You may also be interested in:
- Spot buying automated by Ariba gives start-up KooZoo a means to shop more efficiently
- Combining big data and cloud capabilities for ecommerce matches buyers and sellers like never before
- Here's Why Healthcare Businesses Must Efficiently Manage Their Suppliers, Purchases, and Processes
- The Open Group conference emphasizes healthcare as key sector for ecosystem-wide interactions improvement
- Research: Spot buying automation delivers greater B2B procurement efficiency
- Blue Marble Media Shows How Mid-Market Selling Gains new Life Via Ariba Discovery
- Ariba LIVE roadmap debrief: Cloud data analytics
- Ariba and Discover to transform B2B payments with cloud-based AribaPay
- Ariba, Dell Boomi to unveil collaboration enhancements for networked economy at Ariba LIVE conference
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Nov. 28, 2014 05:00 PM EST Reads: 1,252
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
Nov. 27, 2014 04:00 PM EST Reads: 1,339
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
Nov. 27, 2014 04:00 PM EST Reads: 1,676
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Nov. 27, 2014 03:00 PM EST Reads: 1,500
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
Nov. 27, 2014 03:00 PM EST Reads: 1,349
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
Nov. 27, 2014 01:00 PM EST Reads: 1,696
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Nov. 27, 2014 11:00 AM EST Reads: 1,314
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
Nov. 27, 2014 10:00 AM EST Reads: 1,253
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
Nov. 27, 2014 08:00 AM EST Reads: 1,270
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
Nov. 27, 2014 07:45 AM EST Reads: 1,546
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Nov. 27, 2014 07:00 AM EST Reads: 1,522
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Nov. 27, 2014 06:45 AM EST Reads: 1,418
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
Nov. 27, 2014 06:45 AM EST Reads: 1,354
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
Nov. 27, 2014 04:00 AM EST Reads: 1,264
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 27, 2014 04:00 AM EST Reads: 1,215
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Nov. 26, 2014 02:00 PM EST Reads: 1,648
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Nov. 24, 2014 07:00 PM EST Reads: 1,741
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 24, 2014 12:00 PM EST Reads: 1,637
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Nov. 24, 2014 11:00 AM EST Reads: 1,771
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Nov. 24, 2014 09:00 AM EST Reads: 1,805