Ariba, an SAP Company, announced Tuesday (Dec. 2) that more than $1 billion in B2B payments have been made to almost 1,300 suppliers using AribaPay, a cloud-based payment service launched in July by Ariba and Discover.
“There are numerous benefits that come with moving to an electronic-settlement process,” said Dana Gardner, principal analyst, Interarbor Solutions. “But in taking a network-based approach using an ecosystem like Ariba and Discover, companies can create data-rich transactions that drive much greater transparency and enhance the entire procure-to-pay process.”
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