AribaPay Takes Off With Over $1B In Processed Payments

Ariba® Pay™ is catching fire. More than $1 billion in payments have been made to nearly 1,300 suppliers using the innovative cloud-based service as companies seek to improve the speed and accuracy of B2B payments. Launched in July by Ariba, an SAP Company, and Discover Financial Services

, AribaPay combines the unique insights and information-sharing capability of the Ariba Network with Discover's trusted global payments infrastructure to automate billing and settlement processes, enabling buyers and suppliers to reduce costs and complete the procure-to-pay process faster, easier, and with greater transparency. “There are numerous benefits that come with moving to an electronic-settlement process,” said Dana Gardner, principal analyst, Interarbor Solutions. “But in taking a network-based approach using an ecosystem like Ariba and Discover, companies can create data-rich transactions that drive much greater transparency and enhance the entire procure-to-pay process.”