None of these networks have yet associated the final payment with the initial underlying documents describing the merchandise transaction. Virtually all of the B2B supply chain networks currently in operation, including Ariba, have long been focused on resolving the inefficiencies associated with the multiple documents that drive buyer-supplier relationships, especially the purchase order and the associated invoice. When launched, the cloud-based service will combine the applications and insights embedded in the Ariba Network and deliver them through Discover’s trusted global payments infrastructure to streamline and enhance settlement and reconciliation of business commerce. market that are still settled by check, substituting an ACH payment linked directly to the transaction details contained in the Ariba Network. The initial release will focus on those supplier payments in the U.S. The two firms are working together to develop the necessary interfaces, and expect that the function will be live and available in 2014. At AribaLIVE today in Washington, D.C., Ariba and Discover Financial Services jointly introduced AribaPay, a new function planned for the Ariba Network, which will enable participating buyers and suppliers to take their transactions one step further than before by initiating the payment from within the Ariba platform.
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