New cloud-based service leverages applications and insights within Ariba Network to streamline and enhance settlement and reconciliation of business commerce.
Ariba, an SAP Company, and Discover Financial Services has unveiled Ariba Pay. The new service, to be offered by Ariba, is expected to transform B2B payments by eliminating paper transactions, providing better visibility into cash flow, and producing rich remittance information that improves reconciliation processes for buyers and sellers.
AribaPay will provide a way for buyers to create purchase orders, receive invoices, and send payments, while sellers receive more-detailed remittance information in a fast, secure, electronic environment.