TechnologyConnectivity/InterfacingSAP Ariba, PrimeRevenue partner on supply chain financing platform

SAP Ariba, PrimeRevenue partner on supply chain financing platform

The companies pledge that by marrying relationship, transaction and financial data, they can connect the dots between procurement and finance; enabling buyers and suppliers to optimise relationships and cash flows

Software and IT services company SAP Ariba and supply chain finance specialist PrimeRevenue have formed a partnership to deliver a multi-funder supply chain financing platform as part of an integrated source-to-pay process.

The partners promise that the new platform “will bring a new standard for collaboration to the market between the two business functions, to optimise working capital and strengthen financial supply chains”.

SAP Ariba offers a single, easy-to-use interface through which buyers and suppliers can collaborate on items from purchase orders and invoices to discounts, which now extends to supply chain financing.

Buyers can use the platform to transform payables from balance sheet liabilities into strategic company assets, while suppliers can reduce their financing costs and improve their working capital.

“To compete and win in today’s global economy requires digital supply chains that are connected, agile and intelligent,” said Alex Atzberger, president, SAP Ariba.

“In joining forces, SAP Ariba and PrimeRevenue can create a closed-loop system that links all of the data companies need to manage transactions and supply chain financing events with greater insight, speed and simplicity than ever.”

Further details on the new platform are available on the Ariba website.

Related Articles

“Destroy or democratise” – how Open Banking will impact connectivity

Banking “Destroy or democratise” – how Open Banking will impact connectivity

2m Victoria Beckett
Digital treasury: A future state vision

Automation Digital treasury: A future state vision

2m Eric Cohen
The evolution of treasury management systems

Automation The evolution of treasury management systems

3m Austin Clark
Artificial intelligence, machine learning and robotics: Is it all just hype?

Automation Artificial intelligence, machine learning and robotics: Is it all just hype?

3m Marko Kling
KodakCoin, and six ways that blockchain could really be leveraged

Automation KodakCoin, and six ways that blockchain could really be leveraged

3m Lu Zurawski
The emergence of API usage in trade finance

Automation The emergence of API usage in trade finance

3m Andrew Berti
Apps are 'critical' in treasury's shift to mobile banking: Capital One

Automation Apps are 'critical' in treasury's shift to mobile banking: Capital One

3m Victoria Beckett
2018 predictions: artificial intelligence & the internet of things

Automation 2018 predictions: artificial intelligence & the internet of things

4m GTNews