Leveraging the Ariba Network and the financial supply chain solutions delivered on it, BC Hydro created a connected, digital procure-to-pay process through which it could:
Move its suppliers off paper to transact electronically
Increase straight-through processing by automatically validating invoices against open orders and ensuring availability of funds
Identify and lock-in opportunities for early-payment discounts
Enable suppliers to track and manage invoice-payment status online in real time, freeing up AP to focus on strategic activities such as planning and forecasting.
Help suppliers reduce their days sales outstanding while improving their cash flow
On the Ariba Network, buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain.
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