SAP SE and First Data announced plans to eliminate the complexity from business-to-business (B2B) payments with the rollout of the AribaPay solution across Europe and Latin America. An innovative electronic payment solution delivered through the Ariba® Network, AribaPay enables companies of all sizes to complete B2B payments with the same simplicity, reliability and security that consumers do. AribaPay will bring together the best of First Data and SAP Ariba solutions to make the procure-to-pay process seamless.

Leveraging SAP Ariba market-leading cloud-based solutions and business network, AribaPay automates transactions and delivers rich remittance information to improve billing and settlement between companies. Using the service, buyers and sellers can: Exchange purchase orders, invoices and payments " all in a fast, secure, electronic environment. Lower processing costs.

Receive richer remittance advice. Reduce fraud risk. Track and trace transactions.

Speed reconciliation and dispute resolution.