Standard Chartered Bank and SAP Ariba are collaborating to make the bank’s financial supply chain solutions easily accessible to businesses in the Asia-Pacific region through Ariba Network, which connects more than 4.2 million companies in 190 countries.
By the end of this year, buyers using Ariba Network will be able to seamlessly manage their payments and supply chain finance needs with the SAP Ariba digital platform, while suppliers will get quicker access to financing and foreign exchange via Standard Chartered’s global network.
The collaboration is intended to accelerate the digitalisation of the entire supply chain, improving efficiency, transparency and accuracy for buyers and suppliers alike.
“Our goal is to make life easier for our clients and their ecosystems, and as their businesses evolve, so do we,” said Lisa Robins, global head of transaction banking at Standard Chartered.
“As we embrace open banking, we connect communities across our footprint and provide access to integrated solutions that enable our clients to grow their businesses sustainably,” Robins said.