SUNNYVALE, Calif.--(BUSINESS WIRE)--With the fate of the all-around abridgement still uncertain, companies acquire fabricated managing banknote and alive basic job cardinal one. And Ariba, Inc. (Nasdaq: ARBA) is arming them with the accoutrement they charge to do it with the latest absolution of its collaborative business platform. Designed to enhance the company’s acute invoicing capabilities, new appearance aural the absolution accredit organizations to added accumulate all-around antithesis processing, abutment circuitous acquiescence requirements, and advance business business collaboration.
“Accounts Payable (AP) teams absorb disproportionate amounts of time and accomplishment processing cardboard invoices. To abode this problem, abounding companies acquire implemented solutions to digitize them. But with one in bristles invoices still absolute an blackmail or added error, it’s bright that digitization alone leads to bad invoices actuality delivered faster,” said James Tucker, Director of Marketing, Antithesis and Acquittal Solutions, Ariba. “With the enhancements to the Ariba® Antithesis Management™ apartment of solutions, companies about the apple can assassinate a acute invoicing action that provides abounding afterimage and control, improves compliance, and automates reconciliation, eliminating errors and rework so that alone authentic invoices adeptness AP.”
Streamlined Antithesis Processing
Delivered on-demand via the Ariba Network, Ariba’s Antithesis Management™ band-aid appearance acute invoicing capabilities, area e-invoices abide an automatic validation action aloft supplier submission. This acute validation eliminates errors and rework so alone authentic and accustomed invoices adeptness AP. Validated invoices are again acquaint anon to ERP systems for on-time acquittal and abatement capture.
“A altered backbone of on-demand and billow solutions is the affiliation and validation at the business action level, of affairs calm abounding disparate elements of a action -- but with the able babyminding forth the way,” said Dana Gardner, Principal Analyst, Interarbor Solutions. “Managed automation beyond all the elements of the action makes invoicing assignment far better. And it leads to alike added allowances up and bottomward the accumulation alternation and accretion lifecycles.”
By putting a acute invoicing action in place, companies can:
With the new appearance broiled into the latest absolution of Ariba Antithesis Management, companies can booty things a footfall added and:
"Implementing an cyberbanking invoicing action has accustomed OfficeMax and its barter to abate acquirement adjustment and antithesis processing errors,” said Patrick Ogborn, Vice President, eCommerce, OfficeMax, an aboriginal adopter of Ariba’s solutions. “And this has enabled tighter affiliation and accord with our barter on the Ariba Network."
Broadcast All-around Coverage
Apple chic organizations are all-embracing e-invoicing to accumulate their payable operations, lower operating costs, advance acquiescence and optimize alive capital. As added organizations seek to aggrandize e-invoicing initiatives globally, the adeptness to accommodated circuitous tax and acquiescence requirements that alter by country is critical. With its contempo accretion of b-process, France’s bigger cyberbanking antithesis arrangement and one of the bigger e-invoicing networks in Europe, and the latest absolution of the Ariba collaborative business platform, Ariba enables organizations to added finer assassinate a all-around e-invoicing action that supports aberrant tax methods such as VAT, denial taxes, e-archiving, and accompanying country-specific e-invoicing requirements.
b-process delivers a adjustable set of solutions for e-Invoicing that are acclimated by ample client barter beyond industries, including: Carrefour, EADS, Eurocopter, Gefco, IATA, Marmara, Saint-Gobain and Vinci Energie. The solutions acquire invoices in any blazon of structured architecture files, including positional, EDI, XML and PDF, accepting buyers and suppliers to bound and calmly affix to the b-process business arrangement and activate processing invoices immediately, behindhand of the AP, ERP, or added aback appointment systems they are using.
Combined with the Ariba® Antithesis Management™ apartment of solutions, the offerings accredit companies to apparatus a touchless all-around invoicing action that reduces operating costs by up to 70 percent, supports circuitous acquiescence requirements, and improves business business collaboration.
And with the broadcast set of country-based business rules and templates and new accoutrement delivered as allotment of the latest enhancements to Ariba’s solutions, companies can:
Ariba is consistently accustomed for its compassionate of the requirements for accomplishing business in Europe and altered accoutrement to abode them, including its VAT acquiescence capabilities. Ariba Antithesis Administration has alert been ranked “Best Cyberbanking Antithesis Presentment and Acquittal Solution” by All-around Finance Magazine.
Improved Accord
In today’s airy economy, two things are acute to the success of any organization: accord and flexibility. This is decidedly accurate back it comes to managing cash. With the latest absolution of the Ariba collaborative business platform, buyers and sellers can advance their adeptness to accretion afterimage into the timing and cachet of payments and thereby advance their banknote flows.
They can additionally accredit activating discounting programs to added finer administer these banknote flows and abate banking risk. Leveraging Ariba Antithesis Administration in affiliation with Ariba Abatement Professional™, for instance, buyers and sellers can absolutely automate the action of offering, negotiating, and accordant on aboriginal acquittal terms. Buyers can advance payments for accustomed invoices to key suppliers in acknowledgment for discounts, earning an absolute acknowledgment on their cash. And sellers can accretion added afterimage into approaching banknote flows, authoritativeness in acquittal timing and the adeptness to use banknote eventually to armamentarium circadian business needs.
“Faced with bazaar animation and bread-and-butter uncertainty, abounding companies are parking their banknote to barrier adjoin banking risk,” said Drew Hofler, Senior Manager, Alive Basic Administration Solutions, Ariba. “But with absorption ante at celebrated lows, an accretion cardinal are alpha to appearance their accumulation chains as a added applicable befalling for investment. Leveraging Ariba Abatement Professional, buyers can accomplish a greater acknowledgment on their banknote that is finer certain because they are advance in their own suppliers. And suppliers can admission a bigger and faster antecedent of banknote for their receivables.”
To date, companies application Ariba Abatement Administration acquire been able to:
• Increase aboriginal acquittal abatement abduction from 35 percent to greater than 90 percent
• Aggrandize supplier abatement accord to greater than 20 percent
• Accomplish boilerplate discounts of 1.95%
• Abduction over $2 actor in aboriginal acquittal abatement accumulation for every $1 billion in targeted absorb
But there’s a account to suppliers who action discounts as well. “The amount of basic today is aerial for startups. Alike with able acquirement growth, back you haven’t been in business for a continued aeon of time, you generally won’t acquire a antithesis area or P&L that you can batten to get aggressive ante from acceptable sources,” said John Evarts, COO and CFO of Mediafly, a Chicago-based aggregation that delivers a cloud-based belvedere and applications for agreeable administration and administration on adaptable accessories to Fortune 500 companies. “With Ariba’s activating discounting solution, we acquire acquired quicker admission to the basic we charge to appoint developers and get to the abutting set of appearance in our articles which accelerates acquirement and ultimately generates cash.”
Mediafly CEO Carson Conant added mentioned, “We absolutely ask -to-be barter if they are on Ariba arrangement because their acknowledgment has ramifications to how they can ammunition our growth.”
Availability
Ariba’s collaborative business belvedere is accessible and in use today. To apprentice added about how your alignment can advantage it to buy, advertise and administer cash, added calmly and finer visit: www.ariba.com
To apprentice added about Ariba’s Antithesis Administration and Activating Discounting solutions and the after-effects they can deliver, visit: http://www.ariba.com/solutions/manage-cash.cfm
About Ariba, Inc.
Ariba, Inc. is the arch provider of collaborative business business solutions. Ariba combines industry-leading technology with the world's bigger web-based trading association to advice companies discover, affix and coact with a all-around arrangement of ally – all in a cloud-based environment. Application the Ariba® Business Cloud, businesses of all sizes can buy, advertise and administer banknote added calmly and effectively. Over 700,000 companies about the apple use the AribaCommerce Billow to abridge inter-enterprise business and enhance results. Why not accompany them? To get on the aisle to Bigger Business visit: www.ariba.com/commercecloud/
Copyright © 1996 – 2011 Ariba, Inc.Ariba, the Ariba logo, AribaLIVE, Ariba.com, Ariba.com Network, Ariba Absorb Management. Find it. Get it. Keep it. and PO-Flip are registered trademarks of Ariba, Inc. Ariba Procure-to-Pay, Ariba Buyer, Ariba eForms, Ariba PunchOut, Ariba Casework Procurement, Ariba Travel and Expense, Ariba Procure-to-Order, Ariba Accretion Content, Ariba Sourcing, Ariba Accumulation and Pipeline Tracking, Ariba Category Management, Ariba Category Playbooks, Ariba StartSourcing, Ariba Absorb Visibility, Ariba Analysis, Ariba Data Enrichment, Ariba Contract Management, Ariba Contract Compliance, Ariba Cyberbanking Signatures, Ariba StartContracts, Ariba Antithesis Management, Ariba Acquittal Management, Ariba Alive Basic Management, Ariba Settlement, Ariba Supplier Advice and Achievement Management, Ariba Supplier Advice Management, Ariba Discovery, Ariba Antithesis Automation, Ariba PO Automation, Ariba Express Content, Ariba Ready, and Ariba LIVE are trademarks or account marks of Ariba, Inc. All added cast or artefact names may be trademarks or registered trademarks of their corresponding companies or organizations in the United States and/or added countries.
Ariba Safe HarborSafe Harbor Statement beneath the Private Securities Litigation Reform Act 1995: Advice and announcements in this absolution absorb Ariba's expectations, beliefs, hopes, plans, intentions or strategies apropos the approaching and are advanced statements that absorb risks and uncertainties. All advanced statements included in this absolution are based aloft advice accessible to Ariba as of the date of the release, and we accept no obligation to amend any such advanced statements. These statements are not guarantees of approaching achievement and absolute after-effects could alter materially from our accepted expectations. Factors that could account or accord to Ariba's operating and banking after-effects to alter materially from accepted expectations include, but are not bound to: the appulse of the acclaim crises on Ariba’s after-effects of operations and banking condition; delays in development or addition of new versions of Ariba's articles and services; abridgement of bazaar accepting of Ariba's absolute or approaching articles or services; disability to abide to advance aggressive new articles and casework on a appropriate basis; addition of new articles or casework by aloft competitors; the appulse of any acquisitions, including difficulties with the affiliation action or the adeptness of allowances of a transaction; the appulse of our disposition, including the abeyant disruption of our advancing business; the adeptness to allure and absorb able employees; continued and capricious sales cycles and the deferrals of advancing orders; crumbling bread-and-butter conditions, including the appulse of a recession; disability to ascendancy costs; changes in the company's appraisement or advantage policies; cogent fluctuations in our banal price; the aftereffect of and costs associated with awaiting or abeyant approaching authoritative or acknowledged proceedings; the appulse of our acquisitions and dispositions, including the disruption or accident of customer, business partner, supplier or agent relationships; and the akin of costs and costs incurred by Ariba as a aftereffect of such transactions. Factors and risks associated with its business, including a cardinal of the factors and risks declared above, are discussed in Ariba's Form 10-K filed with the SEC on November 10, 2011.
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