WALLDORF, Germany, Jan. 29, 2020 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced Alkem Laboratories (Alkem), a leading Indian pharmaceutical company committed to enabling people around the world to live healthier lives by increasing access to its high-quality healthcare solutions, selected SAP® Ariba® solutions to help digitalize procurement and increase efficiencies in line with its growth strategy.

Established in 1973, Alkem is engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products with global operations in more than 50 international markets. With five research and development centers around the world housing about 500 scientists and over 1,500 product filings, Alkem is emerging as a significant player at the global level.

To sustain future growth, the company is now focused on improving efficiency and optimizing costs across all processes, which will give Alkem a greater competitive advantage within a cost-conscious market. By digitalizing its source-to-settle process, Alkem expects to transform the buying experience with intelligent insights and better supplier collaboration as well as increase transparency and sustainability. 

"Digitalizing procurement can transform supply chains and support growth strategies," said Ben Redwine, Chief Operating Officer, SAP Ariba Asia Pacific Japan. "Alkem's unwavering commitment is to make a difference to patients' lives around the world — a commendable goal we hope to support by accelerating its adoption of Intelligent Spend Management. Our SAP Ariba solutions will help Alkem reduce costs, improve efficiency, increase transparency and encourage supplier collaboration while integrating with existing systems including SAP S/4HANA — which will help the business run better and, in turn, improve more people's lives."

With the SAP Ariba Strategic Sourcing portfolio, Alkem will be able to manage its sourcing, contracting and spend analysis processes across direct and indirect materials and services — all in one place. The SAP Ariba Snap program includes enterprise-class procurement offerings meant to help fast-growing midsize companies move quickly to the cloud. Alkem chose these SAP Ariba solutions because of their breadth, depth and reach:

• Breadth: End-to-end source-to-settle platform with native integration with SAP S/4HANA®
• Depth: Best-price discovery with sourcing strategies and competitive bidding
• Reach: Reduced crisis management through better supplier collaboration and order transparency 

Ariba Network is where the world comes to do business together. When companies connect to Ariba Network, they connect to millions of suppliers across direct and indirect spend categories. To learn more, visit www.ariba.com.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

About SAP

As a cloud company powered by SAP HANA, SAP is the market leader in enterprise application software, helping companies of all sizes and in all sectors to perform at their best: 77% of the world's transaction revenue touches an SAP system. Our machine learning, IoT and advanced analytical technologies help convert customers' businesses into smart businesses. SAP helps people and organizations to have a deep vision of the business and encourages collaboration that helps them get ahead of their competitors. The comprehensive set of our applications and services allows more than 440,000 companies and public sector clients to operate profitably, continuously adapt and make a difference. With a global network of customers, partners, employees and opinion leaders, SAP helps make the world work better and improve people's lives. For more information visit www.sap.com.

Any statements 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 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

© 2020 SAP SE. All rights reserved. 
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.

Note to editors:

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.

Logo - https://mma.prnewswire.com/media/847591/SAP__Logo.jpg

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

View original content to download multimedia:http://www.prnewswire.com/news-releases/indian-pharmaceutical-company-alkem-laboratories-chooses-sap-ariba-solutions-to-accelerate-procurement-transformation-300994570.html

SOURCE SAP AG - Headquarters