Answork Chooses PeopleSoft MarketPay For B2B Trading Exchange

PeopleSoft MarketPay will be used by the newly formed joint venture of BNP Paribas, Cap Gemini Ernst and Young, Crédit Agricole and Société Générale. Answork is MarketPay’s first customer. MarketPay will be the world’s first complete procure-to-pay financial settlement process built specifically for internet B2B trading exchanges. It will include global features, such as multi-currency, multi-lingual processing and Euro compliance. It has been designed to allow buyers and sellers to collaborate directly in the settlement process. It will match orders with invoices and provide bill presentment and payment. As a result, the buying process, from order to payment, is faster, more streamlined and less expensive.

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