American Express revolutionizes B2B payments: The check will never be in the mail again paid SAP
between American Express and SAP Ariba, I thought that old refrain, ‘the check’s in the mail,’ was long obsolete. Not so, but not for long if these two market leaders have their way.
Historic partnership between American Express and SAP Ariba is aimed at streamlining B2B purchase order and invoice reconciliations that cost business time and money.“Our joint customers will be able to manage all of their payments within one single platform…that will help…save money and time with reconciliations between their payment and ERP systems,” he said.
Here’s how it works. When the buyer initiates payment within SAP Ariba, American Express produces a virtual card number, generating payment to the supplier, and automatically reconciling the data back into SAP Ariba.
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