Wednesday 10th April, 2019
American Express and SAP Ariba have entered into a strategic multi-phased partnership designed to offer buyers and suppliers new payment and financing options on the Ariba Network for joint large and global customers.
Through this new integration, businesses will have the opportunity to use their existing American Express Corporate Cards to generate virtual Card payments.
“We are continuously looking for ways for our customers to conduct more business in a simple, intuitive and integrated manner. With over half of American Express’ largest global customers already using SAP Ariba to manage their expenses, this partnership has the opportunity to provide significant value for our joint customers,” said E-Bai Koo, executive vice president, Global Commercial Services at American Express.
“American Express’ unique integrated business model provides deep relationships with both buyers and suppliers. As a global leader in the payments space, they deeply understand the needs and pain points that businesses face throughout the supply chain cycle,” said Thompson. “Partnering with American Express as a new network extension partner – integrating virtual payment capabilities within Ariba Network – we’re able to deliver a true end-to-end procure-to-pay process to customers that changes the game in the corporate payments space.”
American Express and SAP Ariba plan to continue to provide additional digital solutions through this strategic partnership.