Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

SAP Ariba and Samasource Team to Stamp Out Poverty

SAP

SAP Ariba and Samasource Team to Stamp Out Poverty

Companies leverage power of technology and digital networks to drive fair labor practices across global supply chains

Doing good can lead to change, and SAP Ariba and Samasource are out to prove it. The companies today announced they are joining forces to stamp out poverty, leveraging the power of technology and digital networks to drive fair labor practices across global supply chains.

“At SAP Ariba, we firmly believe that one of the most effective ways to eradicate poverty is through free markets,” said Alicia Tillman, Chief Marketing Officer, SAP Ariba. “Collectively, the Global 2000 spend $12 trillion on goods and services annually. These companies – more than 75 percent of which are connected to the Ariba Network - have the buying power to ensure they provide fair labor practices across their supply chains. And this is exactly what we, in collaboration with Samasource, hope to inspire them to do.”

Founded in 2008, Samasource is a nonprofit social enterprise dedicated to lifting people out of poverty by providing training and access to dignified digital work through a process called “impact sourcing.” Impact sourcing is the practice of hiring people at the bottom of the pyramid, giving them access to opportunity, and the chance to earn a living wage and transform their quality of life on their own terms.

“Samasource was born out of the belief that talent is equally distributed, but opportunity is not,” said Leila Janah, CEO and Founder, Samasource. “In working with purpose-driven companies like SAP Ariba, we can help companies make a difference for low-income people by creating opportunities to radically alter their life trajectories and lift them out of poverty.”

In addition to its training and placement programs, Samasource has deep intelligence on fair labor practices in impoverished regions in Kenya, Uganda, India, and Haiti, among others. SAP Ariba and Samasource intend to leverage this intelligence in conjunction with SAP Ariba’s procurement and supply chain expertise to help procurement professionals understand how they can drive fair labor practices across their supply chains.

“Procurement today has embraced the idea of going beyond cost savings and efficiencies to align with a purpose and make a difference,” Tillman said. “Eradicating poverty is a movement that every single company can get involved with. And the data and technology is readily available for them to improve people’s lives.”

About Samasource

Samasource is a nonprofit social enterprise that helps people lift themselves out of poverty by providing them access to digital work and job training. Since 2008, the organization has transformed 32k+ lives globally and has increased their workers’ income from $2/day to $8/day. To learn more, visit www.samasource.org.

About SAP Ariba

SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than 2.8 million companies and 190 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships – simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where more than $1 trillion in commerce gets done every year.

To learn more about SAP Ariba, visit www.ariba.com.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 350,000 customers to operate profitably, adapt continuously, and grow sustainably. 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.

© 2017 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.

Media:
SAP Ariba
Karen Master, +1-412-297-8177
karen.master@sap.com