Standard Chartered and SAP Ariba Join Forces to Bring Financial Supply Chain Solutions to the World�s Largest Digital Business Network

SINGAPORE –
Media OutReach�- 21 August 2019 –
Standard
Chartered Bank and SAP Ariba today announced
a strategic collaboration to make the Bank’s financial supply chain solutions
easily accessible to businesses in the Asia Pacific region through Ariba Network , the
world’s largest digital business network connecting more than 4.2 million
companies in 190 countries.

By
the end of 2019, 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.

Working
across some of the world’s most dynamic trade corridors, Standard Chartered and
SAP Ariba are committed to supporting sustainable economic growth and making
financing more accessible to companies by connecting business communities and
facilitating increased commerce across the globe.

“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. “We are delighted to collaborate with SAP Ariba
to support our clients throughout their procure-to-pay lifecycles and beyond. 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.”

“Customers
expect the procure-to-pay process to be easy, efficient, comprehensive and seamless,
and rightly so,” said
Sean Thompson
,
senior vice president, Business Network and Ecosystem, SAP Ariba and SAP
Fieldglass. “We are thrilled to welcome Standard Chartered into our
ever-expanding ecosystem to deliver financing options that enhance value for
our customers, allowing them to complete the procure-to-pay process end-to-end on
a single platform.”

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contained in this document that are not historical facts are forward-looking
statements as defined in the U.S. Private Securities Litigation Reform Act of
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as of their dates.

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About Standard Chartered

We are a leading international banking group, with a presence in
60 of the world’s most dynamic markets, and serving clients in a further 85.
Our purpose is to drive commerce and prosperity through our unique diversity,
and our heritage and values are expressed in our brand promise, Here for good.

 

Standard Chartered PLC is listed on the London and Hong Kong Stock
Exchanges as well as the Bombay and National Stock Exchanges in India.

 

For more stories and expert opinions please visit Insights
at sc.com.
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and Facebook.

 

 

About
SAP Ariba and SAP Fieldglass

 

SAP Ariba and SAP
Fieldglass is how companies connect to get business done and spend better. With
SAP Ariba and SAP Fieldglass, businesses can manage the buying process across
all categories of spend — from direct and indirect goods and services to
external workforce. On Ariba Network, buyers and suppliers from more than 4.2
million companies and 190 countries discover new opportunities, collaborate on
transactions, grow strong relationships, and build healthy supply chains. It’s
where more than $2.9 trillion in commerce gets done every year. SAP Fieldglass
is used by organizations in more than 180 countries to find, engage and manage flexible
workforces that include non-payroll workers and service providers. With SAP Ariba and SAP Fieldglass, companies
are transforming how they manage all categories of spend with improved
operational efficiency and compliance, increased agility and accelerated
business outcomes. To learn more visit www.ariba.com and www.fieldglass.com.

 

About SAP

As
the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application
software, helping companies of all sizes and in all industries run at their
best: 77% of the world’s transaction revenue touches an SAP® system. Our
machine learning, Internet of Things (IoT), and advanced analytics technologies
help turn customers’ businesses into intelligent enterprises. SAP helps give
people and organizations deep business insight and fosters collaboration that
helps them stay ahead of their competition. We simplify technology for companies
so they can consume our software the way they want — without disruption. Our
end-to-end suite of applications and services enables more than 437,000
business and public customers to operate profitably, adapt continuously, and
make a difference. With a global network of customers, partners, employees, and
thought leaders, SAP helps the world run better and improve people’s lives. For
more information, visit www.sap.com.