When suppliers join Ariba Network, it’s often because their customers are also on the network and they need to transact with them digitally. Once they start collaborating on the platform, suppliers begin to realize benefits from digitizing their transactions, especially if they’ve been relying on manual processes in the past. As the world’s largest B2B network, Ariba Network also presents opportunities for suppliers to find new business and leads.
A ROI Study conducted by a third party research firm, Nucleus Research, quantifies the benefits suppliers see on the network. Ariba Network suppliers interviewed for the study are high volume, enterprise account suppliers that have been active on the network for a number of years. A number of key benefits were discovered, such as reduction in working capital, improved agility and visibility and growth in new opportunities.
The study reported that Ariba Network suppliers also see:
- 128% average annual ROI
- 30% reduction in working capital
- $2.35M USD average annual benefit
Download the ROI Guidebook to explore key findings and details of the study.