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Ariba (now SAP Ariba) was founded in 1996 [4] by Bobby Lent, Boris Putanec, Paul Touw, Rob Desantis, Ed Kinsey, Paul Hegarty, and Keith Krach [5] on the idea of using the Internet to enable companies to facilitate and improve the procurement process, which was paper-based, labor-intensive, and inefficient for large corporations.
SAP Exchange Infrastructure (XI) (From release 7.0 onwards, SAP XI has been renamed as SAP Process Integration (SAP PI)) SAP Extended Warehouse Management (EWM) SAP FICO; SAP BPC (Business Planning and Consolidation, formerly OutlookSoft) SAP GRC (Governance, Risk and Compliance) SAP EHSM (Environment Health & Safety Management)
SAP ERP 6.0 is the latest version has since been updated through SAP enhancement packs, the most recent being enhancement package 8 for SAP ERP 6.0 in 2016. [ 26 ] Since 2012 SAP has acquired several companies that sell cloud-based products , with several multi-billion-dollar acquisitions seen by analysts as an attempt to challenge competitor ...
At the peak of the dot-com bubble in March 2000, SAP Ariba acquired Tradex for 19 million shares of Ariba stock, then worth $5.6 billion. [1] The company received 60% of revenue from licensing its software, 30% from support services, and 10% from transaction fees.
However, by the early 2010s it became clear that deeper integration with core business systems was a priority for many buyers. This led Oracle and SAP to align procurement capabilities with their ERP and financial software. [3] But the space was still ripe for new entrants, most notably Coupa in 2007. [4] Ariba was acquired by SAP in 2012. [5]
SAP S/4HANA is an enterprise resource planning (ERP) software package meant to cover all day-to-day processes of an enterprise (for example, order-to-cash, procure-to-pay, plan-to-product, and request-to-service) and core capabilities. [1]
cXML (commerce eXtensible Markup Language) is a protocol, created by Ariba in 1999, intended for communication of business documents between procurement applications, e-commerce hubs and suppliers. cXML is based on XML and provides formal XML schemas for standard business transactions, allowing programs to modify and validate documents without prior knowledge of their form.
SAP Business Suite is a fully integrated, modular set of solutions that connect and optimize every function across a business. It integrates AI, data, and applications into one unified system, creating a continuous cycle of value that drives business transformation.