UPS and SunTrust Take E-Invoicing to a New Level with Ariba

Tue Apr 9, 2013 8:30am EDT

* Reuters is not responsible for the content in this press release.

Companies tap cloud-based contract invoicing applications delivered on Ariba
Network to drive compliance and cost savings, will share strategies for success
at Ariba LIVE
SUNNYVALE, Calif.--(Business Wire)--
Getting savings to the bottom line is a challenge that all companies face. But
it`s one that UPS (NYSE: UPS) and SunTrust Banks, Inc. are overcoming with the
help of Ariba, an SAP Company. Leveraging the Ariba® Network, UPS and SunTrust
are forging an innovative e-invoicing process to ensure the savings they
negotiate actually materialize. The companies will share the stories of their
success at Ariba LIVE, the business commerce event of the year, which will take
place May 6-8 at the Gaylord National Resort and Conference Center in
Washington, D.C. Registration for the event is open today at

"When it comes to negotiated cost reductions, the median company loses about $9
million in value per $ 1 billion in spend as a result of maverick buying," says
Kurt Albertson, Associate Principal, Procurement Advisory for The Hackett Group,
an independent research firm. "Companies that can drive stakeholders to
preferred contracts through the procure-to-pay process can effectively stem a
significant portion of these losses." 

With Ariba, companies can do just this. 

"Processing invoices without purchase orders presents challenges," says Ashley
Miller, Group Vice President Strategic Supply Management Optimization, SunTrust
Bank. "Through the Ariba Network, we can build invoices off contracts to improve
compliance and prevent millions of dollars in contract leakage from rogue

Leveraging Ariba`s cloud-based invoice management applications and business
network, companies can link their procurement, contract and invoicing processes
and check invoices against purchase orders, contracts and/or order receipts to
ensure that only complete, accurate and approved documents reach their system. 

"Thanks to advances in technology, companies have made significant progress in
automating their contract management process, but many still struggle when it
comes to eliminating savings leakage because these contracts aren`t being
leveraged," says James Tucker, Director of Marketing, Invoice and Payment
Solutions, Ariba. "By creating invoices off contracts, organizations are more
able to drive compliance while also increasing their returns on investments in
e-invoicing initiatives." 

With Ariba`s contract invoicing capabilities, suppliers can access customer
contracts and build invoices off them to deliver the same level of efficiency
and compliance as PO invoices. This, says Jeff Phillips, Manager, GBS
Procurement, Financial Service Center, UPS, is critical to converting negotiated
savings into hard dollar results. 

"Seventy percent of our suppliers are contract suppliers," Phillips notes. "We
needed to make it as easy as possible for them to access our contracts and
ensure that they were charging us in accordance with the terms and prices we
negotiated. Ariba allows us to do that." 

A global leader in e-invoicing and dynamic discounting, Ariba provides a robust
portfolio of cloud-based applications and network-based services that enable
companies to create a fully automated, compliant process for capturing and
settling invoices. Using the solutions, companies can:

* Digitize 100 percent of invoices 
* Achieve 98 percent touchless processing 
* Improve compliance with contract invoicing 
* Maximize supplier participation 
* Fuel 100 percent on-time payment performance 
* Reduce supply chain risk

To learn more about Ariba`s offerings and the value that they can deliver,

About Ariba, an SAP Company
Ariba is the world`s business commerce network. Ariba combines industry-leading
cloud-based applications with the world's largest web-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 inter-enterprise commerce and
enhance the results that they deliver. Join them at:

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 232,000 customers to operate profitably, adapt continuously,
and grow sustainably. For more information, visit 

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Copyright Business Wire 2013

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