ESB powers invoicing with Ariba
News26.06.2012 Comments (0)
ESB (Electricity Supply Board), Ireland’s premier electricity utility, has implemented cloud-based offerings from Ariba and is using them to transform its purchase order and invoice management processes into automated and efficient ones through which it can reduce errors, speed approvals and drive savings.
“Purchase Order and invoice management is a highly time and cost-intensive function,” said Shana Dillon, Manager, Finance Operations at ESB. “With Ariba’s solutions, we can create an effective process for interacting with our suppliers across the payment cycle that will lead to greater efficiencies and savings,” she added.
ESB is relying on Ariba® Invoice Management™ and PO Automation™ to achieve these goals. Delivered via the Ariba Network, the solutions provide technology that ESB can use to, among other benefits, move to a paperless invoice process, reduce operating costs, and minimise risk of overpayments, duplicate payments and fraudulent payments.
“Accounts Payable teams spend inordinate amounts of time and effort processing paper invoices – from matching them with contracts and tracking POs and goods receipt to correcting errors and fielding supplier inquiries. Yet most companies still have limited visibility into the process, leaving them exposed to risks like overlooked billing discrepancies, missed discounts, and overpayments,” said James Tucker, Director of Marketing, Invoice and Payment Solutions, Ariba. “With Ariba Invoice Management and PO Automation, ESB can execute a smart invoicing process that delivers greater visibility and control, improved contract compliance, and stronger supplier relationships.”