EL DORADO, Ark. — 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.
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 sourcing
- 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.
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. Such statements reflect our current views and assumptions and all forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those statements. The factors that could affect SAP’s future financial results are discussed more fully in our filings with the U.S. Securities and Exchange Commission (SEC), including the most recent Annual Report on Form 20-F filed with the SEC. The future-oriented statements reflect the point of view at the time they were made. Readers are cautioned not to place undue reliance on these forward-looking statements.
© 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 (or an SAP affiliate company) in Germany and other countries. For more information about the trademarks, copyrights, and their usage, see https://www.sap.com/corporate/en/legal/copyright.html.