Proxtera joins the Ariba Network with the Vision to Help Companies Buy Smarter

SINGAPORE – Media OutReach – 28 June 2021 – SAP (NYSE: SAP) announced that Proxtera, an intelligent and open global network
of B2B marketplaces that creates seamless buying and selling
opportunities and business services for small and medium sized enterprises
(SMEs) in Asia, is joining Ariba Network, the
largest digital business network in the world. By joining Ariba Network,
Proxtera will now be part of one collaborative, intelligent, global business
network with access to new demand channels to grow its business in an increasingly
digital and networked economy.

On its end, Proxtera is currently developing Proxtera Plus
for its network of 350,000 businesses and SMEs. Proxtera Plus aims to provide a
smooth search, product match and transaction experience for large buying
organisations with a deep and diverse range of buyers and sellers from
wholesale eCommerce platforms across Asia via Proxtera’s trade network of
marketplaces, for example, Eezee, GlobalLinker, SGeBiz, and Sourcesage 99SME
B2B.  It
also aims to help with compliance of purchases against internal corporate
policies and enable quick digital approvals. Proxtera Plus is intended to make
closing purchases easier, supported with secure payment rails and integrated
fulfilment options.

Lim Kang Song, Proxtera Chairman, remarked, “Proxtera’s
mission is to enable SMEs around the world to thrive in the new normal of the digital
economy and access new trade opportunities previously thought out of reach. Proxtera
aims to help SMEs as they recover from the impact of the pandemic and to bring
us one step closer to an open, more collaborative future where businesses of
all sizes, including SMEs, have great trade opportunities afforded to them as
traditional corporate ecosystems.”  

“It’s clear that no business does business alone. This is part
of our broader vision to reimagine how businesses, including SMEs, can
collaborate with a network of global trading partners across supply chains,
economies and industries, and empower companies to move faster and smarter than
ever before,” commented Paul Marriott, President, SAP Asia Pacific Japan.

Proxtera’s goals is to connect over 350,000 SMEs to new trading partners across a growing list of
countries in Asia including Singapore, Malaysia, Indonesia, Philippines, India as well as in Africa with Rwanda and
Kenya. With each trade, Proxtera envisions to offer a
host of integrated digital tools and services that helps marketplaces,
platforms and SMEs more quickly, access, evaluate and act on business
opportunities. The target is for SMEs to join the Proxtera network via
its eCommerce platform partners to benefit from access to enterprise buyers.