For a second straight year, Ariba, an SAP Company, has been recognized by PayStream Advisors, Inc., a leading independent research and advisory firm, with a Technology Excellence Award – this time for the innovative capabilities delivered through its Contract Invoicing solution. Ariba was presented with the 2013 P2P Innovative Technology of the Year award during the PayStream Annual Summit conference. “This award once again recognizes Ariba’s innovation in Procure-to-Pay automation. With its contract invoicing functionality, Ariba is helping organizations improve invoice processing efficiency, gain more control of non-PO invoices and prevent contract leakage that can deliver substantial cost savings,” said Henry Ijams, Managing Director of PayStream Advisors. Ariba was chosen from a distinguished list of over 20 leading technology companies. Awards are presented annually at the PayStream Advisor conference, and recognize individuals and organizations that are leading the way in innovation in purchase-to-pay (P2P), and working to drive the industry forward. A global leader in e-invoicing and dynamic discounting, Ariba provides a robust portfolio of cloud-based applications and network-based services that enable companies to create a fully automated, compliant process for capturing and settling invoices. Leveraging Ariba’s contract invoicing capabilities and the Ariba® Network, companies can link their procurement, contract and invoicing processes and check invoices against purchase orders, contracts and/or order receipts to ensure that only complete, accurate and approved documents reach their system. “Companies have made significant progress in automating their invoice management process, but many still struggle with non-PO invoices,” said Drew Hofler, Director, Solutions Marketing, Ariba. “Ariba’s contract invoicing capabilities are a valuable feature of our e-invoicing solution, enabling customers to create invoices from contracts to improve compliance and help drive tighter alignment between procurement and accounts payable. We are pleased to be recognized by such a trusted advisory firm as PayStream Advisors for our efforts.”
About PayStream AdvisorsPayStream Advisors provides in-depth research, reviews and comparisons of top accounts payable and purchase to pay automation software. Offering research and insight to help companies improve AP efficiency, PayStream Advisors also hosts the annual Purchase to Pay Summit, INNOVATE ’13, where accounts payable, finance and procurement leaders gather to share ways to advance purchase to pay processes through collaboration and automation. For more information please visit: www.paystreamadvisors.com. About Ariba, an SAP Company Ariba is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba ® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com About SAP As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 248,500 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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