Enablers aim to help buyers, suppliers exchange information more efficiently at lower total cost through Ariba Supplier Network
Sunnyvale, CA — January 10, 2006 — Spend management solution provider Ariba is teaming up with Avolent, a provider of solutions for interactive self-service electronic billing and payment, on a joint offering intended to streamline the invoice presentment and payment process and help trading partners exchange information more efficiently and at a lower total cost through the Ariba Supplier Network.
Under the terms of a joint marketing agreement, Avolent will develop tools that enable companies using its software to send electronic invoices directly to the Ariba Supplier Network. Buyers using the network can automatically upload invoices and supporting documentation into the Ariba Spend Management solutions they use to process their payables.
"Sending and processing invoices is time consuming and costly, but it doesn't have to be," said Don Darby, director of supplier solutions for Ariba. "Linking Avolent's electronic billing and payment software with the Ariba Supplier Network effectively increases the efficiency and speed of the invoice-to-cash and procure-to-pay cycles and enables suppliers and buyers to reduce their operating costs, enhance their customer service and improve their bottom lines."
Ariba said that its Supplier Network carried invoices totaling more than $10 billion in 2005, and Avolent's software, in place at three of the top five Internet retailers, is already used to process more than $50 billion in transactions each year.
"By integrating our solutions, we can help suppliers and buyers improve their financial processes, increase their customer service levels, improve control of their cash flow and deliver better operating results," said Chris Kenney, Avolent's vice president of business development.
Additional Articles of Interest
— Diversified, growing companies frequently confront the challenge of creating a unified customer experience, particularly around how they bill their clients. Office Depot took on this challenge by taking its accounts receivable processes online. Read more in "When A/R Stands for Competitive Advantage," a Best Practices case study in the June/July 2005 issue of Supply & Demand Chain Executive.
— Electronic invoice presentment and payment failed to meet its initial predictions. However, recent studies have uncovered a renaissance of interest in Web Invoicing & Electronic Payments solutions as organizations shift their emphasis toward cost containment and productivity enhancement. Read more in "The Analyst Corner: Payment," in the October/November 2005 issue of Supply and Demand Chain Executive.
— P-cards continue to advance, and e-payables solutions are making headway, but the convergence of the financial and physical supply chains is still a work in progress. Read more in "Enabling the Financial Supply and Demand Chain," in the April/May 2005 issue of Supply & Demand Chain Executive.
Sunnyvale, CA — January 10, 2006 — Spend management solution provider Ariba is teaming up with Avolent, a provider of solutions for interactive self-service electronic billing and payment, on a joint offering intended to streamline the invoice presentment and payment process and help trading partners exchange information more efficiently and at a lower total cost through the Ariba Supplier Network.
Under the terms of a joint marketing agreement, Avolent will develop tools that enable companies using its software to send electronic invoices directly to the Ariba Supplier Network. Buyers using the network can automatically upload invoices and supporting documentation into the Ariba Spend Management solutions they use to process their payables.
"Sending and processing invoices is time consuming and costly, but it doesn't have to be," said Don Darby, director of supplier solutions for Ariba. "Linking Avolent's electronic billing and payment software with the Ariba Supplier Network effectively increases the efficiency and speed of the invoice-to-cash and procure-to-pay cycles and enables suppliers and buyers to reduce their operating costs, enhance their customer service and improve their bottom lines."
Ariba said that its Supplier Network carried invoices totaling more than $10 billion in 2005, and Avolent's software, in place at three of the top five Internet retailers, is already used to process more than $50 billion in transactions each year.
"By integrating our solutions, we can help suppliers and buyers improve their financial processes, increase their customer service levels, improve control of their cash flow and deliver better operating results," said Chris Kenney, Avolent's vice president of business development.
Additional Articles of Interest
— Diversified, growing companies frequently confront the challenge of creating a unified customer experience, particularly around how they bill their clients. Office Depot took on this challenge by taking its accounts receivable processes online. Read more in "When A/R Stands for Competitive Advantage," a Best Practices case study in the June/July 2005 issue of Supply & Demand Chain Executive.
— Electronic invoice presentment and payment failed to meet its initial predictions. However, recent studies have uncovered a renaissance of interest in Web Invoicing & Electronic Payments solutions as organizations shift their emphasis toward cost containment and productivity enhancement. Read more in "The Analyst Corner: Payment," in the October/November 2005 issue of Supply and Demand Chain Executive.
— P-cards continue to advance, and e-payables solutions are making headway, but the convergence of the financial and physical supply chains is still a work in progress. Read more in "Enabling the Financial Supply and Demand Chain," in the April/May 2005 issue of Supply & Demand Chain Executive.
- More articles about Ariba.
- More articles about Avolent.
