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Enterprise application provider SAP SE’s (SAP - Free Report) strong business network Ariba, which supervises business-to-business commerce, has recently expanded its sourcing applications portfolio with the addition of Ariba Collaborative Sourcing Professional. This cloud-based solution from Arbia will greatly simplify procurement of direct materials for business enterprises.

Leveraging on the competence of Arbia Network, the Ariba Collaborative Sourcing Professional can easily connect with ERP and execution systems which will eventually bring efficiency gains and savings for clients. It will help business enterprises better connect with people, processes and indentify information procurement needs, thereby perfecting their sourcing activities.

Some of the notable benefits of the Ariba Collaborative Sourcing Professional include the speeding up of product launches, improved tracking of item costs across time and contract compliance. Procurement, a crucial part of effective supply chain management, requires coordination of multiple high quality components sourced at low cost to allow smooth running of business organizations.

Arbia Collaborative Sourcing Professional allows digital “source-to-contract process” for clients, supervising every step from design to planning and forecasting to execution and finally reconciliation. Arbia believes this latest product can gain rapid market traction as it can successfully eliminate most of the problems associated with direct materials sourcing which is a highly time critical and complex process.

SAP Arbia has been a strong growth catalyst for the company, raking in significant profits. It has established itself as the largest procurement network with 2.1 million clients who purchase or sell goods and services worth over $1 trillion. Given the fact that business enterprises across the world are striving to enter meaningful collaborations with their trading partners to make informed business decision, there is ample scope for growth for Arbia which has emerged as a trusted medium of exchange between millions of buyers and suppliers in source-to-pay processes.

SAP currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include CommVault Systems, Inc. (CVLT - Free Report) , Manhattan Associates, Inc. (MANH - Free Report) and ACI Worldwide, Inc. (ACIW - Free Report) . While CommVault Systemsm and Manhattan Associates sport Zacks Rank #1 (Strong Buy), ACI Worldwide holds Zacks Rank #2 (Buy).

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