At all hours of the day, people around the world are gaming, texting, Snapchatting, Instagramming, and Tweeting. No intermediaries. No waiting. The Internet has given us the capability to connect around the world, nearly effortlessly. Yet, when you look at the way we do business, many companies are still running on old models of thinking.
As markets, demands, and buyer expectations continue to shift, selling organizations will face a number of challenges as they try to adapt. Inefficient systems and processes will cost untold time and money, not to mention new business opportunities. It’s no longer acceptable to have PO and invoice errors, operate from bad or untimely data, or have incomplete payment data.
With an estimated 2.5 billion people expected to be on social media across 75 billion devices in the next four years, there’s no doubt our lives will become even more deeply intertwined. It’s time to find a simpler way to run your business.
Business Networks Help You Play a Bigger Game
Today, there are infinite ways to connect your business offerings with people who need what you have (or vice versa), no matter how big or small you are. Business networks have become instrumental in helping suppliers find ready buyers, accelerate the sales cycle, improve customer retention, and predict and apply cash.
Whether they’re helping to identify and deliver better quality leads, facilitating collaboration with potential buyers to close deals faster, or streamlining invoicing and payment processes, Internet-based business networks allow regional or US-only suppliers to play a bigger game.
Business networks are not only allowing organizations to foster global relationships easily, but they’re doing it while reducing costs, increasing revenues, and optimizing cash flow. Serving as a single point for business collaboration, these networks allow the rapid growth of e-commerce channels and help companies adjust to growing e-commerce demands from customers all around the world.
Simplify Your Selling Process
Because business networks like Ariba Network act as a dynamic B2B marketplace, companies are seeing better ROI compared to the money most spend on traditional marketing. By helping suppliers get in front of more people, SAP Ariba helps facilitate global conversations that lead to greater growth.
Businesses who use Ariba Network see, on average, 30 percent growth in existing accounts, 35 percent growth in new business, and 75 percent faster deal closure. It’s the easiest, most efficient way for businesses with limited marketing dollars to connect with new, potential customers.
With a daily transaction volume averaging $2.3 billion, you could say SAP Ariba is helping more than a few businesses create meaningful business connections.
To see how the Ariba Network helps to foster more business relationships and sell simple, watch Sell Simple with SAP Ariba.