Early electronic payment programs held such promise. Suppliers could get their money safely and on time, and you could rid yourself of the costs and fraud risk associated with paper checks. But many suppliers were reluctant, turned off by bank fees and a lack of readily available information. For those that participated, AP teams had to field calls looking for missing remittance details and maintain bank account information, at considerable cost and risk.
Go with Ariba Payment Management,
and put all that behind you.
An electronic payment solution that helps you get all of your suppliers on board, it's the only one that's integrated with the Ariba Network. That's the world's largest trading partner community, featuring more than 730,000 suppliers and the industry's fastest growing financial partner eco-system. Now you can extend your back-office systems to transmit ACH payments to your suppliers' banks and detailed remittance information to your suppliers. In turn, they'll have tools to monitor payments and perform their own account maintenance.
With Ariba Payment Management, you can achieve up to 100% supplier participation, cut your costs by 70% or more, and make your life – and your supplier's – a lot easier.
Learn how you can...
Gain maximum supplier participation.
Electronic payment programs often stalled due to low supplier participation, but when you leverage Ariba Payment Management solutions for supplier enablement, you can quickly achieve 100% participation. Whether your suppliers number 200 or 2,000, Ariba has the staff, processes, methodologies, and technologies to contact your suppliers on your behalf, explain the benefits of the Ariba Network, and give them access to a fast, automated enrollment and enablement process. If any supplier isn't ready to enroll, we have the means to accommodate their needs, too.
Improve AP team productivity.
First-generation electronic payment programs forced AP teams to shoulder the high cost and risk of maintaining supplier bank accounts. These teams have also been fielding supplier inquiries about payments and remittance reconciliation - activities that typically consume 30% of their time! Ariba Payment Management solutions remove these burdens. Your suppliers can now maintain their own bank account information with self-service tools, and view real-time payment status via their supplier portal - freeing up your team to focus on more strategic initiatives.
Avoid fraud and late payment fees.
Relying on paper checks and invoices exposes your business to fraud, and a greater likelihood of incurring late payment fees. Eliminate these risks by collaborating with and paying suppliers over Ariba's secure business commerce network. Integrate Ariba Invoice Management with your Payment Management solution, and use automated tools to validate and handle invoices. Any with errors or omissions are rejected and routed for efficient, timely handling. Then electronically issue virtually all payments on-time via straight-through, no-touch processing.
Eliminate paper and check costs.
Paper and check costs go away when you use Ariba Payment Management to deliver payments through the Ariba Network, where more than 730,000 suppliers connect and collaborate for better commerce. Augment your solution with Ariba Invoice Management, and you can eliminate the costs of handling paper invoices, too.
Manage your supplier relationships and payments through the Ariba Commerce Cloud, where you'll find a full suite of solutions that can streamline your entire invoice and payment process. Savvy organizations are now strengthening their trading partner relationships and competitive advantage by making supplier networks the cornerstone of their business commerce solutions. Join them.
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