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Storebrand Takes Procurement To The Cloud With Ariba

When it comes to efficiently managing the procurement process, there’s no better place to do it than the Cloud. And with the help of applications from Ariba, an SAP Company, Storebrand ASA, a leading player in the Nordic markets for pensions, life and health insurance, banking and asset management, is driving rapid supply chain savings without the headaches of managing software. Storebrand, which has been using Ariba’s cloud-based solutions to manage its sourcing and contract management activities since 2010, has expanded its portfolio to include Ariba® Procure-to-Order™, which it will use to drive a more efficient and effective process for buying goods and services across its operations.

“Storebrand is all about efficiency. We are creating lean processes to maximize relationships with our trading partners and optimize our cost structure,” said Knut Olav Melhus Hoeg, Group CPO, Storebrand. “With Ariba’s solutions in place, we can quickly connect with our suppliers and manage the entire procurement process from sourcing and contracting, to order and receive through a single interface that can be easily accessed and shared.”

To achieve its goals, Storebrand will use Ariba Procure-to-Order in conjunction with Ariba Sourcing™, Ariba Supplier Information and Performance Management™ and Ariba Contract Management™.

“We use Ariba Sourcing to source everything from office furniture and IT systems and services to management of properties owned by the group and recruitment services to consultants,” Hoeg said. Likewise, Storebrand uses Ariba Contract Management to centrally manage all of its purchasing agreements and ensure compliance.

With Ariba Procure-to-Order, Storebrand extends these efficiencies to the requisitioning and procurement execution process. The solution enables requisitioners to easily search and access catalogs to quickly find the goods and services they need; all while ensuring compliance with preferred vendor agreements, contracted prices and buying policies.

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