With over 243 years of history in Mexico, Nacional Monte de Piedad, Private Assistance Company, executes different digital processes, focusing on savings and supply management to improve the lives of more than 2.2 million people annually. And when the non-profit decided to digitize procurement to drive a more efficient process for managing its spend from end-to-end, they chose SAP Ariba.
Our impact capacity not only depends on our Social Investments actions, but our ability to manage the sourcing, procurement and payments of goods and services with efficiency and transparency and in alignment with our sustainable development policy, said Samuel Herrera, Nacional Monte de Piedad, Assistant Director of Services and Control. Therefore, it is essential for the institution to have an automated, smart, reliable and easy to use source-to-pay system, which we have found in SAP Ariba.
With the help of SAP Ariba Partner Vivo Consulting, Nacional Monte de Piedad connected to the Ariba Network and implemented a range of SAP Aribas cloud-based applications, including SAP Ariba Strategic Sourcing Suite„¢. In less than six months, the company transformed its operation into an efficient digital one and began to see measurable results including:
- 18 percent savings on average throughout its supply chain process
- Closed a large number of tenders valued at 50 million pesos
- Savings of close to 55 million pesos, well above its projection of 30 million pesos
- Greater visibility and control to identify cost saving measures
- Increased transparency in the supply chain
- Clear and comprehensive view into all spending
- Improved ability to negotiate optimal agreements with suppliers
- Tighter alignment between business and customer needs
- Drive greater contract compliance
- Improve demand and supply planning
- Minimize risk
- Simplify and speed reporting
“In today’s competitive world, companies need to transform in every way, and procurement needs to be managed strategically. SAP Ariba supports this transformation bringing world class tools, processes and best practices that organizations can adopt to thrive, stated Ligia Pimentel, Delivery Manager at Vivo Consulting.
Nacional Monte de Piedad joins more than 3.4 million companies “ including nearly 75,000 in Mexico “ who are using SAP Aribas solutions to simplify procurement and make it work the way it should.
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
Digital procurement has become a standard tool in the private sector as companies all over the world have embraced technologies like business networks that enable them to connect and collaborate more efficiently with customers, suppliers and other trading partners, said Ricardo G³mez, Director of SAP Ariba Mexico. And it is starting to expand in the public sector as well with innovators such as Nacional Monte de Piedad, who are implementing this technology to connect their purchases to purposes while saving money and driving efficiencies to make a difference in the world.”
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than 3.4 million companies and 190 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships “ simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where over $2.1 trillion in commerce gets done every year. To learn more about SAP Ariba, visit www.ariba.com.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device “ SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 388,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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.
2018 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 http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.