Ariba,
a provider of collaborative business commerce solutions, announced that it has
closed the acquisition of b-process, a privately-held provider of France’s
largest electronic invoice network and one of the largest e-invoicing networks
in Europe.
With
the acquisition, Ariba further expands its global footprint and extends its
leadership position in the market for e-invoicing solutions.
“With
the dynamics of today’s global economy, companies around the world are
beginning to embrace invoice automation to streamline financial processes and
improve cash flow,” said Bob Calderoni, chairman and CEO, Ariba.
“With
the acquisition of b-process, Ariba can help more companies enable a smart
invoicing process by delivering a platform that helps them automate invoice
management in more geographies than any other solution on the market,” Calderoni
added.
Certified
by an independent accounting firm to handle value-added tax and invoicing
regulatory requirements in 24 countries, b-process delivers a flexible set of
solutions for e-Invoicing that are used by large buyer customers across
industries, including: Carrefour, EADS, Eurocopter, Gefco, IATA, Marmara,
Saint-Gobain and Vinci Energie.
The
solutions accept invoices in any type of structured format files, including
positional, EDI, XML and PDF, allowing buyers and suppliers to quickly and
easily connect to the b-process commerce network and begin processing invoices
immediately, regardless of the AP, ERP, or other back office systems they are
using.
Combined
with the Ariba Invoice Management suite of solutions, the offerings will enable
companies to implement a touchless global invoicing process that reduces
operating costs by up to 70 percent, supports complex compliance requirements,
and improves business commerce collaboration. b-process transacts more than 40
million invoices annually with an estimated value of over $80 billion.
“In
joining our networks and solutions, b-process and Ariba can deliver
unparalleled scale and global reach that enables buyers and sellers around the
world to optimize their invoicing and payment/collection processes,” said
Alexis Renard, CEO, b-process.
By
Telecomlead.com Team
[email protected]
