Increased speed of payment as a result of a more seamless process for buyers.Improved reconciliation by providing greater payment status visibility and data enhancementsįor suppliers, this partnership will also bring the following new benefits:.Improved working capital to manage cash conversion cycles.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 operational efficiencies by eliminating the need to handle payments as a separate standalone process.

The new benefits for buyers will include: “We couldn’t be more excited about building a long-term partnership with SAP Ariba.” “We are continuously looking for ways for our customers to conduct more business in a simple, intuitive and integrated manner. With over half of American Express’ largest global customers already using SAP Ariba to manage their expenses, this partnership has the opportunity to provide significant value for our joint customers,” said Koo. Through this new integration available later this year, businesses will have the opportunity to use their existing American Express Corporate Cards to generate virtual Card payments, making it simple for customers to get started without the need to set up and maintain a separate standalone account. Integrated payment experience delivers seamless reconciliation, greater visibility and control, increased security and improved working capital for businessesĪmerican Express and SAP Ariba have announced that they have entered into a strategic multi-phased partnership designed to offer buyers and suppliers new payment and financing options on Ariba Network, extending its value for joint large and global customers.Īs a network extension partner, American Express will leverage Ariba Network APIs to enable its virtual Card capabilities within the SAP Ariba process and platform to facilitate seamless commerce, secure payments, and easy reconciliation between businesses on a single platform. American Express and SAP Ariba Join Forces to Deliver True End-to-End Procure-to-Pay Process for Corporate Customers

Procure to pay process sap