Company named Best eProcurement Solution by
“There’s no shortage of banks willing to extend financing to strategic suppliers, based on the creditworthiness of their large buyers,” said
“Innovation and business growth are driven by the free flow of cash. But within many companies, cash is tied up in receivables and payables and essentially stuck,” said Ariba Manage Cash Solution Marketing Director
Better Cash Management
With Ariba Discount Professional, buyers can accelerate payments for approved invoices to key suppliers in return for discounts, earning an immediate return on their cash. And sellers can gain increased visibility into future cash flows, certainty in payment timing and the ability to use cash sooner to fund daily business needs.
Faster, More Efficient Payments
Then there is AribaPay™. Despite advances in technology, the biggest portion of payments between businesses in the US are still made using checks. And worldwide, payments between businesses lack important information underlying payments. For buyers, that means lots of paper and inefficiencies that cost them billions each year. For sellers, it means little visibility into when they will actually be paid, making it difficult to effectively manage cash.
AribaPay solves these problems by eliminating paper transactions, providing better visibility into cash flow and producing rich remittance information that improves reconciliation processes for buyers and sellers alike.
To learn more about Ariba’s solutions for managing cash and the value they can deliver, visit www.ariba.com
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