SUNNYVALE, Calif., September 23, 2013 –For a second straight year, Ariba, an SAP Company, has been recognized by PayStream Advisors, Inc.,a leading independent research and advisory firm, with a Technology Excellence Award – this time for the innovative capabilities delivered through its Contract Invoicing solution. Ariba was presented with the 2013 P2P Innovative Technology of the Year award during the PayStream Annual Summit conference.
"This award once again recognizes Ariba's innovation in Procure-to-Pay automation. With its contract invoicing functionality, Ariba is helping organizations improve invoice processing efficiency, gain more control of non-PO invoices and prevent contract leakage that can deliver substantial cost savings," said Henry Ijams, Managing Director of PayStream Advisors.
Ariba was chosen from a distinguished list of over 20 leading technology companies. Awards are presented annually at the PayStream Advisor conference, and recognize individuals and organizations that are leading the way in innovation in purchase-to-pay (P2P), and working to drive the industry forward.
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. Leveraging Ariba's contract invoicing capabilities and the Ariba® 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.
"Companies have made significant progress in automating their invoice management process, but many still struggle with non-PO invoices," said Drew Hofler, Director, Solutions Marketing, Ariba. "Ariba's contract invoicing capabilities are a valuable feature of our e-invoicing solution, enabling customers to create invoices from contracts to improve compliance and help drive tighter alignment between procurement and accounts payable. We are pleased to be recognized by such a trusted advisory firm as PayStream Advisors for our efforts."