Ariba, Inc. is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world’s largest web-based trading community to help companies discover and collaborate with a global network of partners.
Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Nearly 800,000 companies around the world use the AribaNetwork to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com
Go Touchless to Optimize Invoice Management
Invoice processing is a continuum, from all-paper and manual to fully digitized and automated. On one end, too much time, money, and frustration are involved in fixing errors, handling exceptions, and fielding supplier calls.
On the other end — let’s call it “smart invoicing” — invoices aren’t touched. They’re transmitted over the Ariba Network, and automatically matched and validated. On this end, suppliers correct errors before they reach you. They also access payment-status information themselves. Your payables are processed quickly, efficiently, and at much lower cost. Meanwhile, your AP staff is free to engage in more strategic activities, perhaps monitoring supplier performance and identifying early-payment discount opportunities.
Your AP team operates somewhere in between. Paper invoices are probably scanned using OCR. Some electronic invoicing comes through EDI. But these processes fall short. They come with high operating costs and can’t automatically detect errors and exceptions. They may get invoices to AP faster, but certainly not through AP faster.
Well, no matter where you’re operating in that continuum, no matter the format of your incoming invoices, no matter the systems you’re using, Ariba can help you digitize 100 percent of your invoices and move your AP operation closer to smart invoicing. To do so, we combine market-leading invoice management solutions with the world’s largest business commerce network in a comprehensive, three-part strategy.
Capture, Comply, Pay with Ariba
Capture: Most scanning and OCR solution providers need you to receive an expensive, ongoing stream of paper invoices. Not Ariba Invoice Conversion Service. First we’ll convert your paper invoices so you can digitally process them with your e-invoices in a single, touchless invoice stream. Then we’ll help you convert high-paper-volume suppliers to electronic invoicing to cut your costs.
Comply: Ariba Invoice Professional is the user-friendly workflow solution specifically designed for AP. It’s pre-configured with best practices for invoice review, approval, and exception management. And its advanced 2-, 3-, and 4-way matching capabilities facilitate straight-through invoice processing while ensuring compliance — procedural, contractual, and legal, as well as the intricacies of VAT/tax.
Pay: Once you’re managing e-invoicing through Ariba Network connections with your suppliers, with greater visibility and control, you’ll be able to settle payments using mutually beneficial, collaborative tools that optimize working capital while capturing more discounts.
Visit us at www.ariba.com for contact information.