Newsbyte: Ariba Ranked Among World's Best Supply Chain Finance Providers
WALLDORF, Germany, Jan. 21, 2015 /PRNewswire/ -- For the fourth consecutive year, Ariba, an SAP (NYSE: SAP) company, has been ranked among the world's best supply chain finance providers by Global Finance magazine. Ariba was selected as best e-procurement solutions company by the Global Finance editorial team, with input from industry analysts, corporate executives and technology experts. The decision was based on Ariba's market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.
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"Geopolitical risk has continued to rise over the past year — affecting some key basic commodities and manufacturing hubs. This highlights the critical importance of having and maintaining a secure supply chain," said Joseph Giarraputo, publisher of Global Finance. "One key element of this is ensuring that suppliers have the funding they need in order to operate effectively and efficiently. With these awards, we highlight those providers that are best at helping clients achieve this goal."
Ariba offers a comprehensive range of cloud-based solutions that enable companies to optimize their working capital management and strengthen their financial supply chain. Delivered via Ariba® Network, the solutions leverage the intelligence and connectivity of Ariba Network to fuel a more collaborative procure-to-pay process that delivers unprecedented business outcomes.
Better Cash Management
Take Ariba Discount Professional™. In the face of renewed market volatility and economic uncertainty, companies are tightening their grip on cash to hedge against financial risk. But with little prospect of earning a return on parked capital, more buyer organizations are beginning to see their supply chains as a viable opportunity for investment. And suppliers are seeing large, cash-ready customers as a better source of faster cash for their receivables.
With Ariba Discount Professional, buyers can accelerate payment to key suppliers of approved invoices in return for discounts, earning an immediate return on their cash. Sellers 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, most payments between businesses in the United States are still made by check. And worldwide, payments made between businesses lack important underlying information. 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 manage cash effectively.
AribaPay solves these problems by automating paper transactions, providing better visibility into cash flow and producing rich remittance information that improves reconciliation processes for buyers and sellers alike.
"Trapped cash is the enemy of innovation and growth," said Drew Hofler, marketing director for Manage Cash Solutions, Ariba. "Ariba solutions are uniquely designed to help companies get their cash flowing freely and working to their advantage, and we are pleased to again be recognized by Global Finance for our efforts and the results that we deliver."
To learn more about Ariba solutions for managing cash and the value they can deliver, visit www.ariba.com/solutions/manage-cash.
Media Contact:
Karen Master, +1 (412) 297-8177, [email protected], EST
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SOURCE SAP SE
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