Billtrust, the leading outsourced billing services provider, today announced plans to connect its Invoice Central solution to the Ariba Network, making it easier than ever for companies to drive a completely automated and secure invoice and payment process.
Once integrated, buyers and sellers will be able to offer direct invoicing and remittance processing between the Billtrust billing solution and the Ariba® Network, and drive increased speed, automation and visibility in the billing and payment process.
"Suppliers today are seeking flexible billing solutions," said Bruno Perreault, Billtrust's Senior Vice President, Invoice Central. "With this integration, we are providing the market with a seamless process for growing the use of automated invoice delivery."
Used by more than one million companies in 190 countries to transact more than $465 billion in commerce on an annual basis, the Ariba Network is a completely open, multi-enterprise platform that enables companies to discover, connect and collaborate with customers, suppliers, and other trading partners in a more efficient and effective manner - regardless of the backend systems they may be using.
Once the integration is complete, Billtrust customers using Invoice Central by joining the Ariba Network will be able to automate the process of delivering invoices and receive payment remittance information from their customers on the Ariba Network. Ariba customers will be able to enhance the invoice information their suppliers provide and ultimately drive increased adoption of their electronic invoice and payment initiatives.
"In today's connected economy, collaboration isn't an option, but a requirement for success," said Joe Fox, Vice President of Strategy, Ariba. "By linking Billtrust's Invoice Central Billing Solutions to the Ariba Network we can fuel a more collaborative invoice and payment process that enables buyers and sellers to connect and do business more efficiently and effectively than ever before."
Currently serving more than 1,000 corporate customers that represent over 250 million transactions and over $200 billion in annual receivables, Billtrust is a pioneer in the fast-growing e-billing industry. Its menu of services spans a range of paper and online billing channels for the delivery and payment of invoices and statements.