SAP Ariba Spend Analysis

Name: leverX Company
Brand: LeverX
Rating: 4.9 (114 reviews)

Create an accurate and consolidated view of the company's spend.

Collaborating with an SAP Gold Partner provides access to resources and seasoned professionals, ensuring your project's reliability. Their expertise tailors SAP solutions for your unique needs, optimizing ROI and efficiency.

Partnering with an SAP Global Strategic Supplier goes beyond buyer-seller dynamics. They provide critical solutions for global operations, collaborate on product development, and drive strategic initiatives.

LeverX is a certified partner of the SAP Center of Expertise. This accreditation ensures our unwavering commitment to upholding SAP's highest standards. Our mission is to deliver excellence, providing unparalleled support, and facilitating the seamless integration of SAP solutions into your business framework.

Such companies help businesses solve complex problems, deliver exceptional user experiences, and drive digital transformation using design thinking and innovation expertise. They leverage SAP's best practices and cutting-edge tools to create user-centric solutions.

SAP Ariba Spend Analysis aims to give enterprises complete visibility into their finances and supplier network. It operates on the SAP HANA platform to provide a centralized view of suppliers, spending patterns, and pertinent market data, enabling businesses to make data-driven and well-informed procurement decisions.

With the aid of SAP Spend Analysis, businesses may track supplier diversity, manage contract compliance, streamline the product portfolio, and find the best cost-saving options. Through the integration of market information, machine learning-based data classification, enrichment, and advanced analytics, it provides 360-degree insights across enterprise-wide procurement data, facilitating safe and dependable spending management.

Maximized sourcing savings

Increase savings through sourcing pipeline optimization and spend under management, which will result in more efficient procurement procedures.

Focus on analysis and strategy

Spend more time on analysis and strategic planning, rather than data collection, to produce more insightful findings and wiser choices.

Increased visibility into price indexes and discounts

Improve financial control and make better decisions by gaining insight into price indexes and identifying discount leaks.

Strengthened contract compliance and working capital

Build stronger stability and healthier finances by increasing contract compliance and improving working capital leverage.

Support for corporate social responsibility goals

Get access to in-depth supplier data, such as diversity measures, to improve CSR efforts and find new areas for cost savings.

In-depth commodity classification

Leverage sophisticated commodity classification, which uses taxonomies and machine learning to uncover hidden category insights in unstructured spend data.

Quick and high-performance analysis

Achieve quicker, more advanced analysis without regard to data quantity or complexity and increase insight delivery with SAP HANA's in-memory processing.

Comprehensive project support

Optimize the return on investment from the SAP Spend Analysis through access to expert-led services, including a dedicated project manager and best practice adoption.

Integration with SAP ecosystem

SAP Ariba Spend Analysis can be seamlessly integrated with other SAP products, so you can have a unified view of all the key operations across your enterprise.

Why LeverX?

Proven track record

For over 20 years, we have helped businesses worldwide succeed with SAP. We’ve already completed 950+ projects for over 800 clients, including top names on the Fortune 500 list.

Industry experts

The LeverX team comprises professionals with hands-on knowledge in 30+ industries, including manufacturing, logistics, and oil  and gas.

SAP partnership

We implement SAP projects end-to-end  and collaborate with SAP on the development and enhancement of its existing solutions.

Quality and security track record

LeverX operates in compliance with international standards such as ISO 9001, ISO 27001, ISO 22301, and ISO 55001, ensuring reliability and quality in every project.

Investment in innovation

We actively integrate advanced technologies, such as Data Science, IoT, AI, Big Data, Blockchain, and others, to help clients efficiently address their business challenges.

Flexibility

Our team is available 24/7, which enables us to quickly deploy projects, maintain process transparency, and adapt each development phase to meet your specific requirements.

Implementation Roadmap

We follow the SAP Activate methodology, which breaks down the implementation of SAP Ariba Spend Analysis into six essential stages:

Current Processes Evaluation: Assess existing business processes and identify the organization's needs.
Defining Technical Requirements: Create a detailed specification of the functional and technical needs of the new system.

Discover

Setting Goals and Objectives: Establish and agree on the goals to be achieved throughout the project.
Assembling the Project Team: Appoint team members and define their roles and responsibilities.
Project Plan Development: Create a comprehensive plan that outlines project phases, timelines, resources, and key performance indicators.
Budget Determination: Estimate and approve the budget.
Specifications Preparation: Develop the technical and functional specifications for the development team.

Prepare

Ensuring Business Requirements are Met: Check that SAP Ariba Spend Analysis aligns with business requirements and project objectives.
Data Validation: Verify the accuracy and compliance of the data.

Explore

Data Migration: Transfer data from existing systems to the new one.
System Configuration: Set up the solution according to requirements and specifications.
Customization: Develop additional features and modules, if the standard solution does not meet all needs.
Integrations: Configure SAP Ariba Spend Analysis to work with other IT systems and applications.

Realize

Testing: Perform functional, integration, regression, and load testing to ensure that all works correctly.
User Training: Organize sessions to help users become familiar with the new system.

Deploy

System Readiness Check: Verify that the system is ready for operational use.
Launch: Officially transition to active use of SAP Ariba Spend Analysis.
Ongoing Support: Continuously monitor solution performance to identify and resolve any issues.

Run

How does SAP Ariba Spend Analysis classify and normalize data?

The tool classifies and normalizes data using AI and machine learning according to specific classifications or industry-standard taxonomies such as UNSPSC (United Nations Standard Products and Services Code). This makes it possible for the entire company to report and analyze data consistently.

How can SAP Ariba Spend Analysis contribute to cost saving?

SAP Ariba Spend Analysis helps find areas for negotiation, excessive expenses, negotiation options, and consolidation opportunities by giving insight into spending across departments, categories, and suppliers. Additionally, businesses are able to enforce compliance with favored vendors and identify instances of rogue spending.

Which data sources can SAP Ariba Spend Analysis integrate with?

ERP, procurement, finance, and other corporate data sources may all have their data integrated using SAP Ariba Spend Analysis. This incorporates both internal and external data, resulting in a unified view of spending activities.

Can other SAP solutions be integrated with SAP Ariba Spend Analysis?

Yes, SAP Ariba Spend Analysis is built to do just that. It integrates with other SAP products, including SAP S/4HANA, SAP Analytics Cloud, and SAP Supplier Lifecycle and Performance to create a single view of financial and procurement data.

1

An expert will reach out to you to discuss your specific migration needs and requirements.
2

We will sign an NDA to ensure any sensitive information is kept secure and confidential.
3

We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.