Revolutionize B2B Payments to Increase Certainty, Simplicity, and Security

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1 SAP Brief AribaPay Objectives Revolutionize B2B Payments to Increase Certainty, Simplicity, and Security

2 Refine the payment process for suppliers and buyers Refine the payment process for suppliers and buyers To help suppliers reconcile and apply buyer payments, both parties need a solution that combines electronic funds settlement with rich remittance details. The AribaPay solution helps suppliers reconcile payments quickly while freeing buyers from bank account management. Plus, it maintains a single flow from invoice to settlement with real-time visibility into payment status. Individual consumers typically pay at the point of sale. But in business-to-business (B2B) commerce, buyers generally make payments weeks or months after receiving goods and services. AribaPay bridges this gap between delivery and payment and helps increase visibility and certainty of funds settlement. Uniting the strengths of the Ariba Network and Discover Network, AribaPay satisfies the two key requirements of B2B payments timely settlement of funds and instructions for applying them. AribaPay marries electronic payment with rich remittance details from prepayment documents such as invoices, purchase orders, and contracts. The result is a transformative payment process that boosts the certainty and security of cash flow and streamlines the entire payment and reconciliation process for both parties. All stakeholders can monitor payment flows securely with realtime track-and-trace functionality. As a result, reconciliation becomes a transparent and automated process. 2 / 7

3 Boost B2B payment certainty Boost B2B payment certainty Improve B2B payment simplicity Enhance B2B payment security Visibility into payment status and timing is traditionally rare after the invoice is sent. Suppliers must often guess when payment will arrive. And they may receive only high-level remittance data, forcing them to contact the buyer by phone or to clarify which invoice line item is being settled. AribaPay resolves these time-consuming process issues by providing greater visibility into payment details and timing. This insight helps lower costs and improve forecasting and control of cash flow. By linking the B2B messaging capability of the Ariba Network with the funds settlement features in Discover Network, AribaPay integrates electronic payments into a collaborative invoice-to-pay process. This enhances relationships on both sides of the process while speeding reconciliation and settlement. Track-and-trace functionality provides real-time insight into payment status, so both parties can quickly identify and remedy potential errors. As a result, you can reduce processing costs and gain more time to focus on initiatives that directly benefit your company s bottom line. With track-and-trace visibility into payment status and timing, companies can enhance their ability to forecast and manage cash flow. 3 / 7

4 Improve B2B payment simplicity Boost B2B payment certainty Improve B2B payment simplicity Enhance B2B payment security AribaPay turns electronic B2B payments into an efficient and collaborative part of the invoice-to-cash process, increasing simplicity and lowering risk and cost. The solution puts key information from prepayment documentation at the suppliers fingertips to help them identify the purpose of each payment. Comprehensive line-level remittance advice with no interchange fee accompanies each electronic payment, streamlining reconciliation workflows. The solution eliminates error-prone data search and rekeying during the application of funds. Suppliers no longer need to wait for paper remittances or seek answers through phone or inquiries when checks are late or arrive unexpectedly. And AribaPay delivers far richer remittance information than other electronic payment methods. Suppliers can quickly match batched payments to multiple invoices, investigate possible cases of short pay, and reduce days sales outstanding. Auto-reconciliation rates improve and financial reporting deepens, while payment processing costs are much lower than legacy methods like paper check or Pcard. With a single connection to the Ariba Network and a rich, simple user interface, buyers and suppliers benefit from supplier self-service, which reduces complexity and expenses across the board. 4 / 7

5 Enhance B2B payment security Boost B2B payment certainty Improve B2B payment simplicity Enhance B2B payment security AribaPay takes advantage of the industryleading security framework of Discover Network to keep bank account information and funds settlement secure and reduce financial risk to both parties. Buyers no longer have to touch supplier bank accounts, since each supplier maintains its own sensitive account data directly. Buyers only need to provide a payment file with vendor identification, and AribaPay matches the file to the right supplier bank account for settlement. Discover Network helps ensure that the right payment reaches the proper destination by verifying the supplier bank account and conducting know your customer checks daily and regulatory compliance audits such as those required by the Office of Foreign Asset Control. Since AribaPay confirms bank information and ties the payment directly to a previously approved invoice, buyers and suppliers run little risk of payment fraud. AribaPay frees buyers from capturing and maintaining supplier bank account information and removes the risk of fraud associated with paper checks. 5 / 7

6 Realize the benefits of AribaPay Realize the benefits of AribaPay With AribaPay, business collaboration through the Ariba Network merges with trusted payment processing through Discover Network. When the buyer sends a single payment file to the Ariba Network, the solution matches the file to the rich remittance data from the network and includes it in a single payment to the supplier. Self-service capabilities and detailed and digestible payment information help suppliers minimize the need for and phone clarification. Buyers and suppliers can follow the entire payment process with greater transparency and in real time from invoice approval and payment scheduling through funds settlement and account reconciliation. The accounts payable buyer staff and accounts receivable supplier staff can improve cash-flow forecasting and focus on more strategic activities. AribaPay streamlines reconciliation for the supplier and removes the buyer s responsibility for holding sensitive bank account information. It also helps reduce the danger of error and fraud. As a result, you can increase the certainty, simplicity, and security of your B2B payments. Buyers and sellers can increase the certainty, security, and simplicity of payment and reconciliation processes to optimize efficiency. 6 / 7

7 Objectives Summary AribaPay combines the strengths of the Ariba Network and Discover Network to create a payment solution that increases the certainty, simplicity, and security of business-to-business (B2B) payments. You can eliminate status inquiries by providing rich remittance detail from prepayment documents, lower risk in capturing and maintaining sensitive bank information, and save time and money. Objectives Bridge the gap between invoicing and payment Give stakeholders a single, detailed view of payment status in real time Improve payment control and reduce processing costs Minimize the risk of error and fraud Enhance cash management and forecasting Refine the settlement process Collaboration supported by the messaging power of the Ariba Network Settlement through the secure payments infrastructure of Discover Network Integrated and online delivery of complete and detailed remittance information Real-time track-and-trace visibility into the payment process Lower operational costs associated with B2B payments to improve profitability Reduce fraud exposure to minimize financial risk for both parties Free staff to focus on strategic tasks to help your business grow Foster cooperation among buyers and suppliers to enhance relationships Learn More To find out more, call your SAP representative today or visit us online at 7 / 7 Studio SAP 31358enUS (14/07)

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