As a seller, you know the headaches involved in obtaining and reconciling payments all too well. On any given day, your accounting staff probably deals with questions like these:
The problem is, most payment options present you with a double-edged sword. Paper checks sent to your lockbox can include plenty of remittance information, but they’re also expensive and slow, with zero visibility into payment status—forcing you to guess when funds will arrive. And if they don’t show up on time, your payment gets delayed even longer while you contact your customer to find out what went wrong. Standard ACH and other electronic methods support rapid funds transfer, yet limited or cryptic remittance information—especially for multiple line-item or multiple-invoice payments—can make reconciliation a Herculean task.
If this sounds familiar, there’s good news. Ariba has teamed with Discover to offer AribaPay™, a new automated B2B payment solution that resolves these problems by providing: