New SAP Ariba integration with ORO

ORO will integrate with SAP Ariba to simplify and humanise enterprise-wide procurement

ORO Labs is confirming the new integration of their smart workflow platform with the SAP Ariba procure-to-pay solution and other SAP products, allowing customers to orchestrate spend and supplier management across siloed enterprise systems and data. 

Now available on the SAP Store, ORO’s platform helps companies quickly create intake workflows, build an integrated and orchestrated procurement tech stack, and simplify user engagement with SAP-powered purchasing throughout the organisation.

Smart procurement workflows

“Our customers have already embraced ORO’s smart workflows as an extension of their SAP Ariba and SAP Fieldglass P2P deployments; and have used ORO to solve procurement challenges related to everything from intake and guiding users through the expansive maze of procurement processes, to tying their enterprise applications together with our dynamic workflows to improve visibility and user accessibility,” said Sudhir Bhojwani, CEO and co-founder at ORO Labs. 

“Having worked with numerous SAP Ariba customers during my time as chief product officer for SAP Ariba, I believe ORO's smart workflows can really humanise the overall user experience with procurement, while streamlining the end-to-end procurement process to ensure the highest standards of governance and compliance, significantly reduced operational expenses, and faster procurement cycle times. This creates a complementary story for organisations, with SAP Ariba providing a best-in-class procurement backbone via SAP Ariba, and ORO providing an agile, humanised workflow orchestration layer.”

Key features of ORO and SAP Ariba integration 

  • Guided procurement intake Streamline procurement with an intuitive interface purpose-built to simplify complex business needs. Make it easy for any business user to request purchases and engage with the system effectively with personalised forms, no matter the spend category.
  • Efficient purchase request handling – Automatically route purchase requests to the most suitable procurement channels, ensuring efficient creation of purchase requisitions (PR) in SAP Ariba, sourcing, contract requests, or the management of contingent workers using SAP Fieldglass for Statement of Work (SOW) arrangements.
  • Integrated context across various business applications – Effortlessly unify and increase visibility of your procurement operations by seamlessly integrating contextual information from different business applications. This consolidated real-time data provides business users, key stakeholders, and suppliers with a comprehensive, coherent view, eliminating the scattered information across various systems and applications.
  • Orchestrated team collaboration Use no-code workflows to connect the right teams across regions as a purchase request progresses. Optimise the overall operations by quickly aligning teams with the right insights and information.
  • Audit-ready compliance through regulatory adherence – Increase the visibility of finance teams into spending and commitments with easily accessible spend data. Mitigate financial risks by making timely business decisions before resources have been consumed.

Series B funding

It comes after ORO Labs announced raising $34m in Series B funding.

It has raised $34 million in Series B funding led by Felicis, with participation from existing investors including Norwest Venture Partners, B Capital, and XYZ Venture Capital. 

This latest round of funding, which will support the company’s rapid scaling of international and platform growth, closes at the one-year milestone of ORO’s launch and the company’s November 2022 $25 million Series A, bringing total investment raised to $60 million.

*************************************************

For more insights into Procurement & Supply Chain - check out the latest edition of Procurement Magazine and be sure to follow us on LinkedIn & Twitter

Other magazines that may be of interest - Supply Chain Magazine | Sustainability Magazine

*********************************************

BizClik is a global provider of B2B digital media platforms that cover 'Executive Communities' for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik, based in London, Dubai & New York offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Share

Featured Articles

She is PepsiCo: Celebrating Women Working in Supply Chain

PepsiCo is celebrating the work and success of women working in supply chain roles as part of its She is PepsiCo strategy

Siemens: Embracing Technology to Manage the Unexpected

Modern supply chain leadership comes down to inspiring teams to master technology to manage the unexpected writes Siemens CPO Klaus Staubitzer

Procurement is Centre Stage at Sustainability LIVE: Net Zero

Procurement executives have the opportunity to hear the world’s best sustainability leaders who will present and discuss the future of sustainable supply

COMING SOON: Top 100 Women in Procurement 2024

Sustainability

Philips: How Procurement Supports ESG Goals

Sustainable Sourcing

P&SC LIVE Dubai: Vusi Fele, CPO at Absa Group

Digital Procurement