American Express

Providing benefits to both buyers and suppliers with American Express virtual Card payments

American Express has partnered with SAP Ariba, a major 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

More information:

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