Invoice & Payment

In today's tightening economy, cash is king. Unfortunately, labor-intensive invoicing and payment procedures and poor visibility into purchases and commitments have kept many companies from optimizing their cash flows.

Ariba Invoice and Payment solutions are designed to help companies of all sizes overcome these challenges by automating formerly manual, paper-intensive processes, improving visibility into the invoicing and payment streams, and empower Accounts Payable make informed cash management decisions and drive bottom line savings.

Leveraging the functionality and global reach of the Ariba Supplier Network, Ariba Invoice and Payment solutions extend beyond the typical payables process to automate supplier on-boarding and interactions, reduce transaction and business costs, and strengthen vendor relationships.

Learn about the features and benefits of Ariba's Invoice and Payment solution.
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Features

Ariba Invoice and Payment solutions consistently achieve results for customers by delivering:

Efficiency

• Ariba Supplier Network. Buyers connect seamlessly with suppliers reducing time and cost per transaction
• Touchless matching and reconciliation. Automated invoice reconciliation, pre-set tolerances, and field-specific conditions yield immediate, hard-dollar savings
• Focus on exceptions. Common transactions route automatically through the system, allowing buyers to focus on exceptions rather than manual order processing

Sustained Results

• Supplier enablement. Electronic enablement facilitates transactions with the growing, global supply base
• Supplier benefits. Suppliers welcome the improved invoice tracking, document routing and early payment options

Global Coverage

• Multiple languages and currency. Support for multiple languages and 138 currency options empowers companies to leverage a global supply chain
• Global commercial standards. Legislated B2B procedure protocols, like the Euro 2002 standards, are built into our solution

Flexibility

• Robust workflow and rules engine. Reconcile partial shipments and partial or aggregated summary invoices via business rules rather than complex computer code

Learn about the benefits of Ariba's Invoice and Payment solution.
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Benefits

Ariba Invoice and Payment solutions reduce the inefficiencies and costs of invoice reconciliation, exception handling, and supplier communication and deliver much needed visibility and decision support into the payables process.

Gaining control over invoicing and reconciliation empowers your organization to achieve optimal days payment outstanding (DPO), allowing you to make informed and accurate payment decisions that balance cash flow and risk. Enabled by Ariba EIPP, companies are able to develop and implement a more integrated cash management strategy while improving the efficiency of the entire procure-to-pay cycle.

Ariba Invoice and Payment solutions provide the tools to:

• Gain control of and visibility into the invoice and payment processing cycle
• Decrease costs associated with manual handling and status communication
• Expand the scope of your electronic supplier community
• Capture 'early-pay' supplier and sourcing negotiated discounts
• Share data across departments to align and achieve goals
• Automate data entry, three-way matching, and exception resolution processes
• Foster stronger supplier relationships with more prompt and accurate handling of invoices and payments

Suppliers also benefit from Ariba Invoice and Payment solutions functionality including early pay options, payment visibility, financing, and the benefits of shorter and reliable payment cycle.

Ariba solutions are available in flexible On Demand or CD versions, support integration with all major ERP and business systems, and meet multi-language, currency, and regulatory requirements. In addition, Ariba's global services team can assist with implementation, training, program design, and supplier enablement to ensure rapid deployment and ongoing success.

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Resource Library: Invoice and Payment