Even in just providing basic infrastructure plumbing, supplier networks can provide significant value in areas like supplier enablement, catalog management and electronic invoicing. Moreover, networks can help organizations save time and money not only through avoiding manual steps and touch points (e.g., when on-boarding new suppliers as part of an AP/procurement eProcurement and payment initiative) but by leveraging a many-to-many approach in which suppliers only need to update basic information such as banking details, contact information, etc. in a single place (i.e., the network) which is then broadcast to all participating customers using it on the buy-side.
Ariba, SAP, OB10, IBX, Hubwoo and Basware: Are Supplier Networks Addressing Supplier Risk, Performance and Compliance? [PRO]
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