American Express has partnered with SAP Ariba and Ariba Network, the world's largest B2B network, to deliver an end-to-end procure-to-pay solution with seamless reconciliation, spend visibility via a reconciliation file, added security, and control with American Express virtual Card payments.
Benefits for buyers include:
- Improved operational efficiencies by eliminating the need to handle payments as a separate standalone process
- Increased control by having the ability to set a payment amount and timing of each payment, as a result of token-based virtual access and usage controls
- Improved working capital to manage cash conversion cycles
- Improved reconciliation by providing greater payment status visibility and data enhancements
Benefits for suppliers include:
- Increased speed of payment as a result of a more seamless process for buyers
- Improved collections with reduced risk of fraud, as a result of token-based virtual access controls
- Improved reconciliation through detailed virtual Card remittance information
Partnership Type: Financial Ecosystem Partner
Region: North America
Expertise Areas: Spend analysis; Working capital management
Industries served: All
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