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PAY-3711
SAP Ariba Supplier Financing leverages the digital footprints created on Ariba Network to reduce friction for MSMEs (Micro, Small and Mid-Sized Enterprises) in pursuit of financial health.
It’s a self-service solution that enables small businesses who want to find suitable working capital finance by simply consenting access to their data and be provided with a list of pre-qualified offers at competitive terms from multiple online funders/lenders. The suppliers may select one or more pre-qualified offers to complete the full due diligence and on boarding formalities with the funder/lender; which will be covered under separate terms of use and financial agreements of that specific funder/lender. During the term of the financial agreement between the two parties, the solution will also automate exchange of the AN transaction data with the chosen lender/funder to simplify the lending/funding process.
Small and Mid-Sized Businesses (SMB) constitute the tail end of supply chains. They struggle with cash flow and working capital needs making it difficult for them to sustain and grow their business.
SAP Supplier Financing brings invoice financing capabilities to the Ariba Network. The unified user experience with SAP Supplier Financing from new Seller Portal enables Ariba Network Suppliers to review financing offers and share their data to achieve their financing goals. As a self-service solution, suppliers have access to personalized and pre-approved financial offers available to them on the network. Small to medium sized businesses can benefit from a simplified process with 100% online borrowing, flexible working capital solutions based on their needs and faster access to capital with pre-approved offers.
Supplier
Automatically On
2108 Readiness Feature Preview: SAP Supplier Financing
Ariba Network
SAP Supplier Financing is only available to suppliers based in the United States that meet the following criteria:
- At least one year of transaction history on Ariba Network
- At least four invoice transactions completed in the past 12 months
- Ariba Network spend between $500K and $900M USD in the past 12 months
User must have the Invoice Generation and Outbox Access permissions to view the SAP Supplier Financing widget and access the SAP Supplier Financing page.
The first time you use SAP Supplier Financing you must consent to sharing data, agree to the Terms of Use and Privacy Statement, and agree to receive emails from SAP Ariba and potential financial partners.
To receive pre-qualified offers, you must provide your annual revenue. Financing offers are presented at the determination of the financial partner.
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SAP Business Network 2108