Combine multiple simple and secure payment capabilities with rich, timely, and contextual remittance
Limited remittance data. Daily phone calls asking, “Where’s my payment?” It’s all so 20th century, riddled with uncertainty, complexity, and risk – for both you and your suppliers. Fortunately, there’s SAP Ariba payment capability, available with the SAP Ariba Payables solution. You can finally combine multiple payment methods with timely remittance that is fully contextual to the transaction details. Suppliers gain full visibility into that detail even before their payment, which goes a long way toward minimizing those payment-status calls.
Now you can complete the procure-to-pay process simply, securely, and with a high degree of certainty about who is paying, to whom, for what, and when. All because Ariba Network’s capacity for facilitating buyer-supplier collaboration has been enhanced with our partners' expertise in securely managing sensitive bank information and moving money.
With track-and-trace capabilities, and visibility into payment status, suppliers can quickly and easily reconcile payments and improve forecasts.
When you tie payments directly to your P2P process, the risks of fraud and accidental exposure of sensitive supplier bank information pretty much go away.
All regulatory and compliance checks, such as those required by banking regulations and the Office of Foreign Asset Control, are automatically conducted every day.
Through a single user interface, buyers can manage the P2P process end-to-end, while suppliers can enjoy a simple user experience and single source of rich information regarding their payments.
Simplify for even more savings
Save by simplifying. And find a better use for the resources you’ve dedicated to fielding payment status and reconciliation calls.
Ken Crouse, Principal Consultant and Owner, 487 Consulting Services
With the payment capability, I not only know when I am scheduled to get paid, but I can also see the payments being executed before they even hit my account. I can easily see exactly what I am being paid for, including any adjustments that may have been made.