ESB Powers Invoicing with Ariba
Ireland's premier electricity utility implements automated solution to reduce errors, speed approvals and drive savings
SUNNYVALE, Calif., June 26, 2012 – An efficient accounts payable function. It’s something that all companies want, but few have been able to achieve. ESB (Electricity Supply Board) Ireland’s premier electricity utility is out to change this. The company has implemented cloud-based offerings from Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network, 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 on-demand via the Ariba Network, the solutions provide market-leading technology that ESB can use to:
Move to a completely paperless invoice process in 100 days
Reduce operating costs by 70 percent or more
Eliminate exceptions and simplify and accelerate dispute resolution
Minimize risk of overpayments, duplicate payments and fraudulent payments
Comply with corporate and regulatory requirements
Effectively benchmark and measure performance
“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.”
To learn more about Ariba Invoice Management and PO Automation and the results they can deliver, visit: http://www.ariba.com/solutions/manage-cash.cfm
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ESB is Ireland’s leading sustainable energy company, comprising Power Generation, Networks, Supply and International divisions. Founded in 1927, ESB makes a major contribution to the Irish economy, financing, building and maintaining the State’s vital electricity infrastructure as well as providing a world-class service to the public.
As the largest semi-State company in Ireland, ESB has an annual turnover of almost €3b and invests approximately €1b per annum in capital expenditure. ESB is the first energy company in Europe to set a date of 2035 to decarbonise its power generation and by 2020 will be delivering one-third of its electricity from renewable sources. To facilitate sustainability targets and economic growth, ESB is developing an advanced smart networks system and also manages the growth of ESB International, a vibrant Irish company operating in dozens of countries.
For more information about the company visit: www.esb.ie
About Ariba, Inc
Ariba, Inc. 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
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