News

SAP Ariba partners with BC Hydro

Friday 22 December 2017 11:43 CET | News

British Columbia (BC) Hydro and Power Authority is using the cloud-based applications and business network of SAP Ariba to drive a connected digital procure-to-pay process that is transforming its operations.

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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Keywords: Sap Ariba, BC Hydro, supply chain finance, invoicing, Ariba Network, partnership, suppliers
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech