SAP and First Data announced plans to eliminate the complexity from business-to-business (B2B) payments with the rollout of the AribaPay solution across Europe and Latin America.
AribaPay is an electronic payment solution delivered through the Ariba Network.
“In combining First Data’s trusted global payments infrastructure with the unique insights and information-sharing capability of the Ariba Network, our companies can turn antiquated payment methods on their head,” said Frank Bisignano, chairman and CEO, First Data.
“We can help buyers and suppliers complete the procure-to-pay process faster, easier and with greater visibility.”
Leveraging SAP Ariba cloud-based solutions and business network, AribaPay automates transactions and delivers remittance information to improve billing and settlement between companies.
Using the AribaPay service, buyers and sellers can exchange purchase orders, invoices and payments, lower processing costs, receive richer remittance advice. reduce fraud risk and track and trace transactions.
SAP CEO Bill McDermott said, “I’m very proud to stand with Frank Bisignano and his team at First Data to fundamentally transform the way commerce is conducted between companies with AribaPay. Together we’re committed to bringing speed, transparency and simplicity to unleash the full promise of business networks in the digital economy.”
Most recently, Accenture expanded its collaboration with SAP Ariba to deliver next-generation Procurement business process outsourcing (BPO) services.
The SAP Ariba Sourcing Professional solution will be integrated into Accenture’s proprietary procurement platform which is used by its category and procurement experts to deliver Procurement as a Service.