Ariba says that Supplier Network 44, the latest version of its on-demand business collaboration platform, is now out and features advanced discount management and RFX functionality that enables buyers and suppliers to enhance their business by better managing trading relationships and working capital.
With the discount management functionality, delivered through the Supplier Network, organizations of all types and sizes can take advantage of a variety of supply chain financing tools that promote cost savings, including purchasing cards, early payment discounts, dynamic discounting and third-party supplier financing, says Bob Shecterle, vice president of solutions marketing. Discount Management enables buyers and suppliers to optimize activities throughout the entire procure-to-pay process and realize maximum value from their supply chain.
Through embedded public RFX functionality, the costly and time-consuming efforts to identify new trading partners and opportunities can be streamlined, according to the developer.
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