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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.
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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.
In February 2015, Coupa acquired the assets of ZenPurchase, an enterprise procurement software company, [14] as well as acquiring InvoiceSmash, an e-invoicing vendor, [15] and TripScanner, [16] an open booking vendor, in July. [17] On September 24, 2015, Ariba and Coupa settled their lawsuit.
Ariba was acquired by SAP in 2012. [5] Best-of breeds adopted open integration architectures to flexibly connect with a range of back-end systems. While the procurement software market remains divided between integrated and best-of-breed options, there is now greater focus on interoperability and joint go-to-market partnerships across vendors.
Procure-to-pay (also known as Purchase to Pay (P2P)) is a term used in the software industry to designate a specific subdivision of the procurement process.. The P2P systems enable the integration of the purchasing department with the accounts payable (AP) department.
Quadrem is a procurement support organization in the mining industry.It is an eMarketplace project launched in 2000 to support the purchasing process the mining industry. . Quadrem is one of the few remaining eMarketplace projects still active, most likely because of its global approach and strong support by participating busin
At first, in 1996, Tradex offered a wholesale marketplace for computer equipment, with 40 vendors offering 15,000 products. [3] In 1999, the company had 180 employees and 480 customers. [4] In 1996, it received an award from the Gartner Group and InformationWeek as the best Internet B2B e-commerce solution. [5]