Givewith and SAP Ariba announced a partnership today for Givewith to integrate with Ariba’s sourcing module so companies can find nonprofit groups that can help improve the companies’ corporate social responsibility (CSR) and sustainability efforts.
In this Spend Matters PRO Vendor Introduction, let’s see what Givewith’s solution has to offer and why it’s important now.
Consumers, investors and governments are pushing businesses to consider the larger social impact of their operations. And corporations, for their part, are starting to evaluate the ways they can respond. The August 2019 Business Roundtable restatement on the purpose of a corporation is one prominent example, in which multiple CEOs affirmed that a company’s mission should include not only increasing shareholder value but also betterment of customers, employees, suppliers and communities.
Such declarations are noble on paper, but they also have profit-focused incentives behind them. ESG ratings (environmental, social and governance) are becoming more relevant in investor decisions, so corporations are finding investments in programs for sustainability and CSR are now required to attract funding. Similarly, a strong corporate responsibility vision and track-record of action on social issues is becoming a selling point with consumers, as well as a reason for those consumers to consider working for (and remaining employed at) those businesses.
So where does procurement fit into all of this? According to the thinking behind Givewith, B2B transactions represent a major opportunity to generate funding for nonprofit programs. If procurement can recommend a slate of potential CSR or sustainability initiatives to fund during an RFI (or, if a supplier can do the same when constructing a bid response, to create a unique selling point), the business can use existing sourcing processes to yield operational and social impacts.
It’s a unique concept in the B2B space, and one that Givewith aims to scale quickly via its major initial partnership: A prebuilt integration directly into SAP Ariba’s sourcing module.
This Vendor Introduction offers a deep look at Givewith and its capabilities. It includes an overview of Givewith’s B2B offering (Givewith Enterprise), a SWOT analysis and a selection requirements checklist for companies that might consider the provider.
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