Executive Briefings

SAP Ariba Teams With First Data on B2B Payments

SAP SE has joined with First Data to roll out the AribaPay business-to-business payment application across Europe and Latin America.

The electronic payment tool is delivered through the Ariba Network, allowing companies of all sizes to manage B2B payments. The deal combines First Data's global-payments infrastructure with the insights and information-sharing capabilities of the Ariba Network. According to the partners, buyers and sellers can exchange purchase orders, invoices and payments; lower processing costs; receive improved remittance advice; reduce fraud risk; track and trace transactions, and speed reconciliation and dispute resolution.

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The electronic payment tool is delivered through the Ariba Network, allowing companies of all sizes to manage B2B payments. The deal combines First Data's global-payments infrastructure with the insights and information-sharing capabilities of the Ariba Network. According to the partners, buyers and sellers can exchange purchase orders, invoices and payments; lower processing costs; receive improved remittance advice; reduce fraud risk; track and trace transactions, and speed reconciliation and dispute resolution.

Read Full Article