Ariba Acquires Large French E-invoice Network
Ariba, a provider of collaborative business commerce solutions, has acquired b-process, a privately-held French electronic invoice (e-invoice) network provider. Certified by an independent accounting firm to handle value-added tax and invoicing regulatory requirements in 24 countries, b-process delivers a flexible set of solutions for e-invoicing that are used by large buyer customers across industries, including: Carrefour, EADS, Eurocopter, Gefco, IATA, Marmara, Saint-Gobain and Vinci Energie.
The solutions accept invoices in any type of structured format files, including positional, EDI, XML and PDF, allowing buyers and suppliers to quickly and easily connect to the b-process commerce network and begin processing invoices immediately, regardless of the accounts payable (A/P), enterprise resource planning (ERP) system, or other back office systems they are using.
“With the dynamics of today’s global economy, companies around the world are beginning to embrace invoice automation to streamline financial processes and improve cash flow,” said Bob Calderoni, chairman and chief executive officer (CEO), Ariba. “With the acquisition of b-process, Ariba can help more companies enable a smart invoicing process by delivering a platform that helps them automate invoice management in more geographies than any other solution on the market.”