SINGAPORE - Media OutReach - 21 August 2019 - Standard Chartered Bank and SAP Ariba today announced a strategic collaboration to make the Bank's financial supply chain solutions easily accessible to businesses in the Asia Pacific region through Ariba Network , the world's largest digital business network connecting more than 4.2 million companies in 190 countries.


By the end of 2019, buyers using Ariba Network will be able to seamlessly manage their payments and supply chain finance needs with the SAP Ariba digital platform, while suppliers will get quicker access to financing and foreign exchange via Standard Chartered's global network. The collaboration is intended to accelerate the digitalisation of the entire supply chain, improving efficiency, transparency and accuracy for buyers and suppliers alike.


Working across some of the world's most dynamic trade corridors, Standard Chartered and SAP Ariba are committed to supporting sustainable economic growth and making financing more accessible to companies by connecting business communities and facilitating increased commerce across the globe.


"Our goal is to make life easier for our clients and their ecosystems, and as their businesses evolve, so do we," said Lisa Robins , global head of Transaction Banking at Standard Chartered. "We are delighted to collaborate with SAP Ariba to support our clients throughout their procure-to-pay lifecycles and beyond. As we embrace open banking, we connect communities across our footprint and provide access to integrated solutions that enable our clients to grow their businesses sustainably."


"Customers expect the procure-to-pay process to be easy, efficient, comprehensive and seamless, and rightly so," said Sean Thompson , senior vice president, Business Network and Ecosystem, SAP Ariba and SAP Fieldglass. "We are thrilled to welcome Standard Chartered into our ever-expanding ecosystem to deliver financing options that enhance value for our customers, allowing them to complete the procure-to-pay process end-to-end on a single platform."


Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

© 2019 SAP SE. All rights reserved. 

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see click here for additional trademark information and notices.


Talk to Media OutReach today

Let Media OutReach help you achieve your communication goals. Send an email to info@media-outreach.com or click below. You will receive a response within 24 hours.

Contact us now