Integrated payment experience delivers seamless
reconciliation, greater visibility and control, increased security
and improved working capital for businesses
SAP ARIBA LIVE -- American Express (NYSE: AXP) and SAP
Ariba today announced that they have entered into a strategic
multi-phased partnership designed to offer buyers and suppliers new
payment and financing options on Ariba® Network, extending its
value for joint large and global customers. Sean Thompson, senior
vice president, SAP Ariba Business Network & Ecosystem, and
E-Bai Koo, executive vice president, Global Commercial Services at
American Express, will share details of the news with the thousands
in attendance at SAP Ariba Live, taking place at the Austin
Convention Center, April 1-3.
As a network extension partner, American Express will leverage
Ariba Network APIs to enable its virtual Card capabilities within
the SAP Ariba process and platform to facilitate seamless commerce,
secure payments, and easy reconciliation between businesses on a
single platform. Through this new integration available later this
year, businesses will have the opportunity to use their existing
American Express® Corporate Cards to generate virtual Card
payments, making it simple for customers to get started without the
need to set up and maintain a separate standalone account.
“We are continuously looking for ways for our customers to
conduct more business in a simple, intuitive and integrated manner.
With over half of American Express’ largest global customers
already using SAP Ariba to manage their expenses, this partnership
has the opportunity to provide significant value for our joint
customers,” said Koo. “We couldn’t be more excited about building a
long-term partnership with SAP Ariba.”
The new benefits for buyers will include:
- Improved operational efficiencies by
eliminating the need to handle payments as a separate standalone
process
- Increased control by having the ability
to set a payment amount and timing of each payment, as a result of
token-based virtual access and usage controls
- Improved working capital to manage cash
conversion cycles
- Improved reconciliation by providing
greater payment status visibility and data enhancements
For suppliers, this partnership will also bring the following
new benefits:
- Increased speed of payment as a result
of a more seamless process for buyers
- Improved collections with reduced risk
of fraud, as a result of token-based virtual access controls
- Improved reconciliation through
detailed virtual Card remittance information
“American Express’ unique integrated business model provides
deep relationships with both buyers and suppliers. As a global
leader in the payments space, they deeply understand the needs and
pain points that businesses face throughout the supply chain
cycle,” said Thompson. “Partnering with American Express as a new
network extension partner – integrating virtual payment
capabilities within Ariba Network – we’re able to deliver a true
end-to-end procure-to-pay process to customers that changes the
game in the corporate payments space.”
American Express and SAP Ariba plan to continue to provide
additional digital solutions through this strategic partnership. To
learn more, American Express Corporate customers should contact
their designated American Express representative.
About American Express
American Express is a global services company, providing
customers with access to products, insights and experiences that
enrich lives and build business success. Learn more at
americanexpress.com and connect with us on
facebook.com/americanexpress, instagram.com/americanexpress,
linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: charge and credit cards, business credit
cards, travel services, gift cards, prepaid
cards, merchant
services, Accertify, InAuth, corporate
card, business travel, and corporate responsibility.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the
Ariba Network, buyers and suppliers from more than 3.8 million
companies and 190 countries discover new opportunities, collaborate
on transactions and grow their relationships. Buyers can manage the
entire purchasing process, while controlling spending, finding new
sources of savings and building a healthy supply chain. And
suppliers can connect with profitable customers and efficiently
scale existing relationships – simplifying sales cycles and
improving cash control along the way. The result is a dynamic,
digital marketplace, where over $2.64 trillion in commerce gets
done every year. To learn more about SAP Ariba,
visit www.ariba.com.
About SAP
As the cloud company powered by SAP HANA®, SAP is the market
leader in enterprise application software, helping companies of all
sizes and in all industries run at their best: 77% of the world’s
transaction revenue touches an SAP® system. Our machine learning,
Internet of Things (IoT), and advanced analytics technologies help
turn customers’ businesses into intelligent enterprises. SAP helps
give people and organizations deep business insight and fosters
collaboration that helps them stay ahead of their competition. We
simplify technology for companies so they can consume our software
the way they want – without disruption. Our end-to-end suite of
applications and services enable more than 413,000 business and
public customers to operate profitably, adapt continuously, and
make a difference. With a global network of customers, partners,
employees, and thought leaders, SAP helps the world run better and
improve people’s lives. For more information, visit
www.sap.com.
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Kelly MurraySAP Ariba+1 978 708-6821kelly.murray@sap.com
Patrick JonesAmerican Express+1 212
225-4706Patrick.jones@aexp.com
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