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In 2012 I read a life-changing book called Collapse – Why Civilisations Choose to Fail, by Jarrod Diamond. With nearly daily cases of organisations falling foul of ESG commitments, particularly surrounding supplychainmanagement, the impact of negative publicity poses a very real risk to organisations who fall short of accepted standards.
Ariba was still predominantly an eAuctions platform and had yet to be acquired by their German parent company SAP, which didn’t happen until 2012. They quickly rose to be the market leader, especially in the untapped area of spend management for indirect procurement teams. In 2010, the company raised $7 million in funding.
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