Ariba Enhances Smart Invoicing Capabilities
Ariba has made enhancements to its commerce platform with next-generation intelligent electronic invoicing (e-invoicing) capabilities to improve efficiency, optimise cash flow, ensure global compliance and improve finance collaboration. Designed to enhance the company’s smart invoicing capabilities, new features within the release enable organisations to further streamline global invoice processing, support complex compliance requirements, and improve business commerce collaboration.
“Accounts payable [A/P] teams spend inordinate amounts of time and effort processing paper invoices. To address this problem, many companies have implemented solutions to digitise them. But with one in five invoices still containing an overcharge or other error, it’s clear that digitisation only leads to bad invoices being delivered faster,” said James Tucker, director of marketing, invoice and payment solutions, Ariba. “With the enhancements to the Ariba Invoice Management suite of solutions, companies around the world can execute a smart invoicing process that provides full visibility and control, improves compliance, and automates reconciliation, eliminating errors and rework so that only accurate invoices reach A/P.”