I was one of thousands that became part of Ariba’s networked economy at this year’s Ariba Live 2013 event held in Washington, DC this week. The event was packed full of what we can expect from Ariba, now an SAP company over the next couple of years, in addition to some breaking news that Ariba revealed at the conference, including:
Ariba Partners with Discover
Ariba and Discover Financial Services unveiled Ariba® Pay™, a new service to be offered by Ariba that is expected to transform B2B payments by eliminating paper transactions, providing better visibility into cash flow and producing rich remittance information that improves reconciliation processes for buyers and sellers.
When launched, the cloud-based service will combine the applications and insights embedded in the Ariba Network and deliver them through Discover’s trusted global payments infrastructure to streamline and enhance settlement and reconciliation of business commerce. The service is expected to be generally available in 2014.
AribaPay will provide a reliable and cost-effective way for buyers to create purchase orders, receive invoices and send payments, while sellers receive more-detailed remittance information – all in a fast, secure, electronic environment.
For buyers and sellers connected to the Ariba Network, AribaPay will deliver data that shows what payments represent at the invoice and line-item level, fueling faster, more accurate reconciliation on both sides.
Other benefits include:
- Lower processing costs
- Richer remittance advice
- Elimination of paper checks and invoices
- Fewer payments lost to escheatment
- Ability to track and trace transactions
- Faster reconciliation and dispute resolution
Click here to view the entire Ariba press release regarding AribaPay.
Ariba Teams with Dell Boomi
Just as consumers have taken to personal networks to share shop and consume, companies too have made the digital leap, leveraging business networks to connect and collaborate with their customers and partners. Yet many selling organizations remain stuck in the physical world. Their critical data is trapped in legacy systems. The majority of their customer interactions occur offline. And they’re paying the price in the form of higher costs, increased errors, reduced profits and lost sales. Large organizations have the resources to tackle this problem, investing heavily in technology to fully automate their operations. But small and mid-sized companies have struggled to keep pace. Until now.
Ariba, an SAP Company, and Dell Boomi, the world’s largest integration cloud, announced that they are teaming to deliver pre-packaged integration as a service offerings to help selling organizations drive new levels of efficiency and effectiveness across their operations. Designed to simplify and speed integration to the Ariba Network, the Ariba® Integration Connector, powered by Dell Boomi, enables companies to collaborate more efficiently and drive game-changing improvements in productivity and performance. The first connector, which integrates with Intuit QuickBooks, was officially unveiled at Ariba LIVE. Additional connectors to enable sellers who own Microsoft Dynamics Great Plains and Sage Peachtree/Sage 50 (2009-2013) to quickly and easily integrate with the Ariba Network are planned to be released later this year.
In the past, integration has been a complex and costly process involving additional hardware, installed software and lengthy managed service engagements. In joining forces, Ariba and Dell Boomi, have transformed it into an agile, efficient and seamless one.
The Ariba® Integration Connector, powered by Dell Boomi Integration Packs, removes the barriers to system-to-network integration by eliminating complexity. An out-of-the-box solution delivered as a service, the connector provides a fast, easy and affordable way for companies to connect to the Ariba Network – regardless of the backend systems they use. The Ariba Integration Connector, powered by Dell Boomi, currently supports integration with Intuit QuickBooks Desktop 2009-2013, Premier and Enterprise for US, UK, and CA Enterprise and Enterprise Plus.
Through the Ariba Integration Connector, powered by Dell Boomi, companies can completely integrate POs, invoices and order confirmations between the Ariba Network and their systems to drive game-changing improvements in their efficiency and overall business performance.
And the best part? CALL, INC. was able to get the solution in place in less than 3 weeks with almost no internal IT resources.
The Ariba Integration Connector, powered by Dell Boomi, is available an in use today.
Click here to view the entire Ariba/Dell Boomi press release.
