Murphy Oil Corp. is accelerating its effort on digital procurement with SAP Ariba
Operational efficiency has never been more important than it is right now. Every business faces a new normal still being defined as the effects of the COVID-19 pandemic continue to unfold. This dynamic is further compounded for energy companies, as oil and gas prices hit all-time lows.
To tackle these challenges, SAP SE has announced that Murphy Oil Corp. has renewed and expanded its commitment to digital procurement with SAP Ariba solutions.
Murphy Oil Corporation, a two-time SAP Innovation award winner, has been a customer since 2015. The cloud-based SAP Ariba Solutions and Ariba Network deliver the following results:
•Over 90 percent invoice automation through Ariba Network
•Streamlined contract management
•Digital supplier catalogs
•Increased spend visibility with over 95 percent of operational spend on purchase orders
SAP Ariba and SAP Fieldglass solutions for supporting the Intelligent Spend Management concept help maximize procurement efficiency for companies around the world. More than 4.6 million companies in 190 countries are connected to Ariba Network, making it one of the largest business networks in the world.
In 1972, the SAP founders pioneered standard software for financial systems to run our customers’ business processes in real time.
Since then, SAP has continuously evolved by moving to a client-server architecture, revolutionizing data management with SAP HANA, and connecting experience with operations. Future-proofing our customers’ business and building systems that provide a foundation for growth and innovation is in our DNA.
Envisioning the future of enterprise IT
Enterprise customers are solving the world’s hardest problems. And SAP can enable the infrastructure to help the world run better and improve people’s lives. Its vision of the future of enterprise IT is simple – software must be hyper-personalized, modular in nature, and support outcome-based business models.