CORK, Ireland — February 8, 2023 — Keelvar Systems Limited has announced a series of enhancements to its Keelvar Sourcing Optimizer Connector, which is now available on SAP® Store, the online marketplace for SAP and partner offerings. Keelvar's Sourcing Optimizer Connector integrates with SAP® Ariba® solutions to provide customers with improved savings and speed in large and complex sourcing projects.
“As a specialist sourcing software provider, Keelvar provides great depth of sourcing technology, while SAP Ariba solutions provide unrivaled breadth in its digitalized procurement capabilities,” said Keelvar CEO Alan Holland. “These enhancements have made it a very powerful partnership that is of great benefit to customers.”
Using Keelvar Sourcing Optimizer Connector, customers can send sourcing event data (suppliers and line-item data) from SAP Ariba solutions to Keelvar Sourcing Optimizer to conduct event creation, bid collection, bid optimization, and award scenario analysis.
Thanks to Keelvar’s latest enhancements, customers can take additional information from the event in the SAP Ariba Sourcing solution through the event in Keelvar and push the data back to the SAP Ariba Sourcing solution instead of SAP Ariba Contracts for downstream processing.
Additionally, customers can benefit from newly enhanced features of Keelvar Sourcing Optimizer Connector, including the ability to perform key actions in SAP Ariba Sourcing:
- Create line-items on event close in Keelvar
- Populate bid data on event close in Keelvar
- Award event based on allocations in Keelvar on event close
- Synchronize updated suppliers and line-items from SAP Ariba Sourcing to Keelvar
Customers can use Keelvar alongside SAP Ariba Sourcing to handle sourcing events where optimization can deliver a higher ROI and find new opportunities for savings and risk reduction through more competitive bidding and awarding.
SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying, and renewing more than 2,300 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.
Keelvar is a partner in the SAP® PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively.
Keelvar is moving procurement forward with its best-in-breed software for intelligent sourcing optimization and automation, designed for easy adoption, scale, and productivity. Keelvar’s SaaS-based award-winning products utilize artificial intelligence, machine learning, and category expertise to deliver purpose-built solutions that are delivering results for blue-chip global companies and mid-sized enterprises.
Customers are turning to Keelvar to advance their strategic sourcing journey spanning logistics, packaging, direct materials, and indirect spends. That momentum has resulted in Keelvar receiving $24 million in Series B funding in April 2022 and steady growth of its team worldwide, with headquarters in Cork, Ireland.
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