IT-Analysis.com
IT-Analysis.com Logo
Technology Systems Mgmt
Business Issues Channels Enterprise Services SME Technology
Module Header
Craig WentworthMWD Advisors
Craig Wentworth
16th April - Egnyte the blue touchpaper...
Louella FernandesLouella Fernandes
Louella Fernandes
11th April - Managed Print Services: Are SMBs Ready?
Louella FernandesLouella Fernandes
Louella Fernandes
11th April - The Managed Print Services (MPS) Opportunity for SMBs
Simon HollowayThe Holloway Angle
Simon Holloway
11th April - Intellinote - capture anything!
David NorfolkThe Norfolk Punt
David Norfolk
11th April - On the road to Morocco

Analysis

Ariba and Discover to transform B2B payments with cloud-based AribaPay
Dana Gardner By: Dana Gardner, Principal Analyst, Interarbor Solutions
Published: 10th May 2013
Copyright Interarbor Solutions © 2013
Logo for Interarbor Solutions

Ariba, an SAP Company, and Discover Financial Services today unveiled Ariba Pay. The new service, to be offered by Ariba, is expected to transform B2B payments by eliminating paper transactions, providing better visibility into cash flow, and producing rich remittance information that improves reconciliation processes for buyers and sellers.

The cloud-based service. announced at the Ariba LIVE conference, will combine the applications and insights embedded in the Ariba Network and deliver them through a trusted and secure global payments infrastructure to streamline and enhance settlement and reconciliation of business commerce. The service is expected to be generally available in 2014. [Disclosure: Ariba is a sponsor of BriefingsDirect podcasts.]

“It’s the classic joke: The check is in the mail. But few companies find it funny,” said Kevin Costello, president, Ariba. “Buyers are drowning in paper, and sellers have no idea when—or how much—they will be paid. AribaPay will effectively eliminate these issues.”

AribaPay will provide a way for buyers to create purchase orders, receive invoices, and send payments, while sellers receive more-detailed remittance information in a fast, secure, electronic environment.

Improving commerce
"Ariba and Discover are seizing the opportunity to digitize a share of the estimated $30 trillion in B2B payments that are still mostly made with paper checks,” said Roger Hochschild, president and chief operating officer for Discover. “Discover is broadening its network capabilities and infrastructure and choosing diverse business partners like Ariba to move beyond facilitating payments to enabling and improving business commerce.”

For buyers and sellers connected to the Ariba Network, AribaPay will deliver data that shows what payments represent at the invoice and line-item level, fueling faster, more accurate reconciliation on both sides.

Other benefits include:

  • Lower processing cost
  • Richer remittance advice
  • Reduced fraud risk
  • Elimination of paper checks and invoices
  • Fewer payments lost to escheatment
  • Ability to track and trace transactions
  • Faster reconciliation and dispute resolution

To learn more about AribaPay and the benefits it is expected to deliver, visit: www.aribapay.com

Advertisement



Published by: IT Analysis Communications Ltd.
T: +44 (0)190 888 0760 | F: +44 (0)190 888 0761
Email: