DAVOS, Switzerland,
Jan. 20, 2016 /PRNewswire/
-- SAP SE (NYSE: SAP) and First Data (NYSE: FDC) today
announced plans to eliminate the complexity from
business-to-business (B2B) payments with the rollout of the
AribaPay™ solution across Europe
and Latin America. An innovative
electronic payment solution delivered through the Ariba® Network,
AribaPay enables companies of all sizes to complete B2B payments
with the same simplicity, reliability and security that consumers
do.
"In combining First Data's trusted global payments
infrastructure with the unique insights and information-sharing
capability of the Ariba Network, our companies can turn antiquated
payment methods on their head," said Frank
Bisignano, chairman and CEO, First Data. "We can help buyers
and suppliers complete the procure-to-pay process faster, easier
and with greater visibility."
AribaPay will bring together the best of First Data and SAP
Ariba solutions to make the procure-to-pay process seamless.
Leveraging SAP Ariba market-leading cloud-based solutions and
business network, AribaPay automates transactions and delivers rich
remittance information to improve billing and settlement between
companies. Using the service, buyers and sellers can:
- Exchange purchase orders, invoices and payments — all in a
fast, secure, electronic environment
- Lower processing costs
- Receive richer remittance advice
- Reduce fraud risk
- Track and trace transactions
- Speed reconciliation and dispute resolution
In joining forces with First Data – a global leader in
commerce-enabling technology and solutions – to bring AribaPay to
Europe and Latin America, SAP intends not only to help
companies digitize payments but also to fuel a simpler, more
efficient and more effective reconciliation process that creates
real business value across the enterprise.
"Trillions of dollars in transactions around the world run
through First Data and our Ariba Network," said Bill McDermott, CEO, SAP. "I'm very proud to
stand with Frank Bisignano and his
team at First Data to fundamentally transform the way commerce is
conducted between companies with AribaPay. Together we're committed
to bringing speed, transparency and simplicity to unleash the full
promise of business networks in the digital economy."
More than US$40 billion in B2B
payments have been made using AribaPay to date. To learn more about
the service and the value it can deliver for your organization,
visit www.aribapay.com.
About First Data
First Data is a global leader in commerce-enabling technology
and solutions, serving approximately 6 million business locations
and 4,000 financial institutions in 118 countries around the world.
The company's 23,000 owner-associates are dedicated to helping
companies, from start-ups to the world's largest corporations,
conduct commerce every day by securing and processing more than
2,300 transactions per second and $1.9
trillion per year.
About Ariba
Ariba is the world's business commerce network. Under the Ariba
brand, we offer industry-leading cloud-based applications with the
world's largest Internet-based trading community to help companies
discover and collaborate with a global network of partners. Using
the Ariba Network, businesses of all sizes can connect to their
trading partners anywhere, at any time from any application or
device to buy, sell and manage their cash more efficiently and
effectively than ever before. Companies around the world use the
Ariba Network to simplify interenterprise commerce and enhance
the results that they deliver. Join them at: www.ariba.com.
About SAP
As market leader in enterprise application software, SAP (NYSE:
SAP) helps companies of all sizes and industries run better. From
back office to boardroom, warehouse to storefront, desktop to
mobile device – SAP empowers people and organizations to work
together more efficiently and use business insight more effectively
to stay ahead of the competition. SAP® applications and services
enable more than 296,100 customers to operate profitably, adapt
continuously, and grow sustainably. For more information, visit
www.sap.com.
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historical facts are forward-looking statements as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Words such
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© 2016 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as
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For customers interested in learning more about SAP
products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Karen Master, SAP, +1 (412) 297-8177,
karen.master@sap.com
SAP News Center press room; press@sap.com
Liidia Liuksila, First Data Media
Relations, +1 (212) 515-0174, liidia.liuksila@firstdata.com
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