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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 is a component of the DAX and Euro Stoxx 50 stock market indices. [ 11 ] The company is the largest non-American software company by revenue and the world's third-largest publicly traded software company by revenue. As of December 2023, SAP is the largest German company by market capitalization.
SAP Data Warehouse Cloud (DWC) SAP Design Studio. SAP PRD2 (P2) SAP Enterprise Buyer Professional (EBP) SAP Enterprise Learning. SAP Portal (EP) 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 has emphasized the product as pivotal to its cloud shift. [18] Both editions consist of functionality for finance, accounting, controlling, procurement, sales, manufacturing, plant maintenance, project system, and product lifecycle management, plus integration with SAP SuccessFactors, SAP Ariba, SAP Hybris, SAP Fieldglass and SAP Concur.
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.
Keith J. Krach (born April 1, 1957) is an American businessman and former diplomat. He is the former chairman and CEO of DocuSign. [1] Krach co-founded Ariba, and was chairman and CEO, [2] and is recognized for his work in B2B Commerce and Digital Transaction Management. [3] Krach was chairman of the board of Angie’s List. [4]
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