Sasol, a global integrated chemicals and energy company, is counting it’s gains following the adoption of SAP Ariba for the centralisation and standardisation of its procure-to-pay processes.
Vice President of Supply Chain Operations and Systems at Sasol, Hendrik Steynberg, stated yesterday that since implementing SAP Ariba, Sasol has been enjoying better visibility over the end-to-end procurement process.
“We have achieved a 50 per cent cost reduction on accounts payable within the Southern Africa region, and a 95 per cent rate on off-time supplier payments using electronic invoicing,” he disclosed in the statement made available to Financial Street.
According to him, 75 per cent of total procurement transactions within the Southern African region are now performed through the Ariba Network, as automated processes have reduced the time it takes the supply chain to purchase requisitions and issue purchase orders.
Regional Director for Southern Africa at SAP, Cameron Beveridge, commended the work done by the implementation team.
Beveridge stated, “Sasol has elevated its procurement processes to better match modern demands, and achieved outstanding gains in efficiency, cost-reduction and transparency.
“The new digital procurement platform has also empowered Sasol with accurate, real-time information over its total procurement spend, and will continue supporting the business as it scales its operations around the world.”
One of the key advantages of choosing SAP Ariba, Financial Street gathered, is its integration with SAP enterprise resource planning solutions. The implementation was designed to help Sasol standardise its South African procurement operations.