SAP NEWSBYTE – July 15, 2010 – Midmarket companies are increasingly seeking higher profits from bottom-line cost savings produced by procurement and sourcing functions. As such, SAP AG (NYSE: SAP) announced new supplier relationship management (SRM) functionality for SAP® Business All-in-One solutions to help enable midsize companies to effectively optimize procurement and sourcing processes, reduce costs and automate supplier collaboration. By combining comprehensive, preconfigured functionality from the SAP® Supplier Relationship Management (SAP SRM) application and SAP Business All-in-One, midsize companies can now manage procure-to-pay processes in one unified solution.
The new SRM functionality in SAP Business All-in-One is based on SAP SRM 7.0, delivering the latest SRM standards and technology to the midmarket. The solution can easily adapt to changing needs and supports processes for operational procurement and strategic sourcing best practices.
The integrated SRM and enterprise resource planning (ERP) functionality enables midsize companies to achieve:
- Improved management and performance of procurement operations – The add-on software empowers employees to create their own requisitions which in turn trigger automated workflow for manager approval, centralized supplier sourcing and fulfillment.
- Reduced implementation time and cost –SRM and ERP applications can reside on the same server resulting in a quicker, lower-cost deployment.
- Quick adoption, increased productivity and fewer errors – Utilizing one integrated system, users can eliminate manual processes and save time and reduce errors.
This new midmarket SRM offering can be added at any time to a company’s SAP Business All-in-One solution or the SAP® ERP application and is available now from SAP and SAP channel partners. For more information, visit the SRM page of the SAP Business All-in-One section of sap.com. Follow SAP on Twitter at @sapnews.