American Express and SAP Ariba, procurement and supplier chain solutions provider, have entered into a strategic partnership which will facilitate buyers and suppliers with payment and financing options on Ariba Network.
“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. “We couldn’t be more excited about building a long-term partnership with SAP Ariba.”
The partnership will allow AmEx to utilize Ariba Network APIs to enable its virtual Card capabilities within the SAP Ariba process and platform to facilitate seamless commerce and secure payments businesses on a single platform. The businesses will have the opportunity to use their existing American Express Corporate Cards to generate virtual Card payments. It will allow the customers to get started without the need to set up and maintain a separate standalone account.
“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 Sean Thompson, senior vice president, SAP Ariba Business Network & Ecosystem. “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.”