Integrated payment experience delivers seamless reconciliation, greater visibility and control, increased security and improved working capital for corporate customers.
Improved Processes for Corporate Customers
American Express and SAP Ariba have announced that they have entered into a strategic multi-phased partnership designed to offer buyers and suppliers new payment and financing options on Ariba® Network. This partnership would extend its value for joint large and global corporate customers. American Express and SAP Ariba plan to continue to provide additional digital solutions through this strategic partnership.
As a network extension partner, American Express will leverage Ariba Network APIs to enable its virtual Card capabilities within the SAP Ariba process and platform to facilitate seamless commerce, secure payments, and easy reconciliation between businesses on a single platform. Through this new integration available later this year, businesses will have the opportunity to use their existing American Express® Corporate Cards to generate virtual Card payments, making it simple for customers to get started without the need to set up and maintain a separate standalone account.
“We are continuously looking for ways for our customers to conduct more business in a simple, intuitive and integrated manner. With over half of American Express’ largest global customers already using SAP Ariba to manage their expenses, this partnership has the opportunity to provide significant value for our joint customers,” said Koo. “We couldn’t be more excited about building a long-term partnership with SAP Ariba.”
“American Express’ unique integrated business model provides deep relationships with both buyers and suppliers. As a global leader in the payments space, they deeply understand the needs and pain points that businesses face throughout the supply chain cycle,” said Thompson. “Partnering with American Express as a new network extension partner integrating virtual payment capabilities within Ariba Network we’re able to deliver a true end-to-end procure-to-pay process to customers that changes the game in the corporate payments space.”
To learn more, American Express Corporate customers should contact their designated American Express representative.