SUNNYVALE, Calif.--(BUSINESS WIRE)--With rules that vary by country and multiple documents and systems to pull data from, complying with regulatory requirements across the European Union is not a simple task. But Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, is about to make it a lot easier. The company today announced that it has joined forces with Logica, a leading business and technology service company, to deliver an e-archive service that enables organizations to automatically store and manage key electronic invoices in an automated, secure and reliable manner.
“Doing business in Europe involves a complex set of regulations that require companies of all sizes to maintain hundreds of thousands invoice-related documents. Failure to do so may result in violating rules, failing audits, and incurring substantial fines that can negatively impact business performance,” said James Tucker, Director of Marketing, Invoice and Payment Solutions, Ariba. “The Ariba® e-Archive Service™, powered by Logica, provides a fast, efficient and cost-effective way to digitally store and retrieve electronic invoices, enabling companies to drive complete compliance regardless of where they are transacting business.”
Automatic and Paperless
Delivered as part of the Ariba Invoice Management™ suite of solutions as an optional, cloud-based service, the Ariba e-Archive Service, powered by Logica, is a proven solution for short or long-term digital archiving and on-line retrieval of critical electronic invoices and associated documents such as electronic signatures and digital certificates.
A unique combination of Ariba’s market-leading e-Invoicing technology and Logica’s e-Archiving capabilities, the Ariba e-Archiving service, powered by Logica automatically pulls invoices from Ariba Invoice Management into a private and secure site where companies can actively manage them. Using the service, companies can:
- More easily address compliance requirements for invoice storage across Europe
- Handle large volumes of documents and easily scale capacity to meet growing storage needs
- Set keywords so that documents can be easily found and accessed by authorized users
- Search for documents using multiple criteria, including transacting counterparty name, country, VAT or other tax ID, dates, and invoice number
- Provide document storage at a lower cost than using an in-house facility
- Deploy and begin delivering results in days
“Making sure that content is captured, stored and shared in seamless ways takes a special understanding of how business works,” said Mikael Olbers, Director of Information Logistics, Logica. “By integrating our e-Archiving capabilities into Ariba’s invoice management solution, we can help companies not only manage their compliance requirements, but fuel internal process efficiencies and collaboration across their global supply chains that can enhance their performance.”
Availability
The Ariba e-Archiving solution is available and in use today as part of Ariba Invoice Management. To learn more about the service and the value it can deliver, visit: www.ariba.com/solutions/invoice-management.cfm
About Logica
Logica is a business and technology service company, employing 39,000 people. It provides business consulting, systems integration and outsourcing to clients around the world, including many of Europe's largest businesses. Logica creates value for clients by successfully integrating people, business and technology. It is committed to long term collaboration, applying insight to create innovative answers to clients’ business needs. Logica is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE: LOG; Euronext: LOG). More information is available at www.logica.com.
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners – all in a cloud-based environment. Using the Ariba® Commerce Cloud, businesses of all sizes can buy, sell and manage cash more efficiently and effectively. Over 500,000 companies around the globe use the Ariba Commerce Cloud to simplify inter-enterprise commerce and enhance results. Why not join them? To get on the path to Better Commerce visit: www.ariba.com/commercecloud/
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