American Express and Ariba have joined forces to launch a complete online procurement and payment system for enterprises and their suppliers.
Together, they have introduced the Ariba Processing Plus (AP Plus) platform in the UK, following its earlier introduction in the US.
The aim is to give those Ariba UK customers who use the American Express Corporate Purchasing Solution new and enhanced data capture, data reconciliation and real-time online reporting features, said the companies.
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AP Plus has been available in the US for several years, but the UK launch marks its first deployment in Europe.
John Bostock, American Express European head of corporate purchasing solutions, said: “The launch of AP Plus in the UK is a great step forward for suppliers and buyers because it saves customers time and money by providing a seamless, accurate and real-time purchasing and reconciliation solution.”
AP Plus combines the functionality of Ariba Buyer and the Ariba Supplier Network with financial controls offered by the American Express Corporate Purchasing Solution and its global Merchant Network, to provide a closed loop, global, online procurement-to-payment solution.
Enhanced purchase order item details, including value added tax (VAT) data, is captured, allowing customers to easily manage their data reconciliation and tax reclaims.
For security, Corporate Purchasing Solution account numbers are maintained by the buyer and are not shared with suppliers. For suppliers, AP Plus eliminates the need for separate point-of-sale systems that require manual entry and carry the risk of administration errors.
The Ariba Supplier Network is an open business transaction network. It includes 120,000 registered e-enabled suppliers engaging in transactions worth more than $5bn (£2.95bn) each month. The network has suppliers in 115 countries and supports 10 languages.