The new features are set to enable organizations to further enhance global invoice processing capabilities, support compliance requirements and monitor business commerce collaboration.
Ariba’s Invoice Management solution now features new e-invoicing methods, where e- invoices undergo an automated validation process upon supplier submission. Validated invoices are then posted to ERP systems for on- time payment and discount capture.
The enhanced features of Ariba Invoice Management also allow companies to accelerate processing of valid PO and non- PO invoices, perform automated PO-line matching on any invoice, including scanned invoices and simplify invoice management.
Furthermore, the new features combined with capabilities derived from Ariba’s recent acquisition of French electronic invoice network b- process allow companies to configure up to 40 business rules at the country level and apply them to e- invoice templates, capture withholding tax support and prevent header level taxes and discounts when lines on an invoice are subject to different tax rates. Additionally, companies will also be able to select titles for invoices and credit card memos that follow country- specific guidelines.
Following the release of the Ariba collaborative platform, buyers and sellers can improve their ability to gain visibility into the timing and status of payments and thereby enhance their cash flows.
Ariba closed the acquisition of b-process, the privately-held provider of France’s largest electronic invoice network, in October 2011. In May 2011 Ariba joined forces with Logica, a global business and technology company, to deliver an e-archive service that enables organisations to automatically store and manage electronic invoices.
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