![]() ![]() Mind you this was all before the end of 2010. We even added dynamic discounting to stave off a great little company (Xign) that JPMC bought and proceeded to ruin.Īriba also dabbled in supply chain finance and receivables financing with Orbian (which, ironically, was started as a joint venture between SAP and Citibank in 1999) and the Receivables Exchange. Eventually, we added support for VAT-compliant invoices to compete effectively outside the US. Over time, we added support for invoices, though it took a while for folks to get committed to even that. ![]() When I started at Ariba in 2000, the network was used almost exclusively for exchanging catalogs and POs with suppliers. one never knows how committed SAP is to its network businesses and transactional revenue (versus SaaS recurring revenue) and.Perhaps SAP’s acquisition of Taulia will change that. It has always made perfect sense, but the two worlds overlapped only slightly and never converged at scale. For a select few of us, SAP acquiring a majority stake in Taulia is big news.Įmbedding financing in procure-to-pay networks has been a bit of a mirage for two decades.
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