now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Treasury & Capital Markets
Payment solutions firm Ariba expands invoicing capability
Payment management solutions firm Ariba announced expanded capabilities on its network that could set a new standard for invoicing
The Asset 27 Aug 2015

Payment management solutions firm Ariba announced expanded capabilities on its network that could set a new standard for invoicing.

 

The Ariba Network is a global business-to-business trading platform used by nearly 2 million enabled buyers and sellers to exchange over 70 million invoices per year. With the new features embedded in the network, these companies can drive an end-to-end invoicing process that is more global, intelligent and simple than ever.

 

"Automation is usually the first step companies take to improve the efficiency and effectiveness of their accounts payable operations," says Christopher Dwyer, research director at independent research firm Ardent Partners and author of ePayables 2015: Higher Ground.

 

"But to really move the function to higher ground, companies must leverage the connectivity of business networks to centralize data collection, data analysis and provide a gateway for collaboration both within and beyond the enterprise on a global scale."

 

Leveraging Ariba's cloud-based applications and business network, companies can enable a closed-loop process that is connected to procurement and integrated with their suppliers so that they can capture and settle invoices more simply and efficiently. And they can manage all elements of this process in a completely touchless manner with proper governance along the way.

 

"Having a single platform to manage supplier onboarding as well as integrate purchase order and invoice automation is a major advantage to organizations like ours that are looking to simplify these activities," says Art Noe, director, global procurement services for Quad/Graphics.

 

Among the new features in the latest release that are creating benefits for sellers on the Ariba Network are enhanced services invoicing capabilities that support multi-level hierarchies for orders and invoices and make it easier to manage large volumes of line items and their related closure/invoice requests.

 

Conversation
Helena Fung
Helena Fung
head of sustainability investment, APAC
FTSE Russell
- JOINED THE EVENT -
Webinar
Sustainable investing - the new market standard
View Highlights
Conversation
Diwakar Vijayvergia
Diwakar Vijayvergia
senior vice president and portfolio manager, Asia fixed income
AllianceBernstein
- JOINED THE EVENT -
18th Asia Bond Markets Summit - Asean Edition
Investing in the new normal
View Highlights