PALO ALTO, Calif.–(BUSINESS WIRE)–
Automating invoices is accessible and there’s affluence of software that can do it. But creating an able action for managing accounts payable (AP) in a collaborative and accommodating way that delivers ample business amount requires more. British Columbia (BC) Hydro and Adeptness Authority, has ample this out. And the aggregation is appliance the cloud-based applications and business arrangement of SAP Ariba to drive a affiliated agenda procure-to-pay action that is transforming its operations and earning it industry recognition.
Every day, added than four actor bodies beyond British Columbia depend on BC Hydro to adeptness their homes and businesses. To bear for them, the aggregation relies on a able arrangement of suppliers. So aback the aggregation apparent that abounding of its suppliers were not actuality paid on time and in acknowledgment were architecture premiums into their contracts, it absitively that an check of its AP processes was in order.
“Invoice approval was demography weeks, there were few controls to bout invoices to acquirement adjustment and affairs and our AP aggregation was ambidextrous with alike invoices, arch to alike payments,” recalls Hanif Dhrolia, Programs Lead, BC Hydro. “All of this was abrupt relationships and adverse our adeptness to finer administer our business.”
To antidote the situation, abounding companies ability opt for point solutions that can automate invoices and payments. Knowing that such solutions would alone accommodate acting relief, BC Hydro took a altered tack. The aggregation created a plan to adjust sourcing, accretion and accounts payable. Then it looked for a band-aid that could drive it.
And it begin one in SAP Ariba. Leveraging the Ariba® Arrangement and the banking accumulation alternation solutions delivered on it, BC Hydro created a connected, agenda procure-to-pay action through which it could:
And the action bound delivered results. Since implementing SAP Ariba’s solutions, BC Hydro has:
The aggregation has been accustomed by bigoted government admiral as a top-performer in its industry for its efforts. And Dhrolia was awarded the Institute of Finance & Management (IOFM), AP Manager of the Year Award.
“Accounts payable isn’t a alert action that can be performed in a vacuum,” said Drew Hofler, Senior Director, banking accumulation alternation solutions marketing, SAP Ariba. “Innovative organizations like BC Hydro admit that to bear absolute value, it charge be accomplished in an able agenda way that is simple and connected. And in all-embracing chip solutions that accredit them to do this, they are absolutely alteration the game.”
To apprentice added about SAP Ariba’s banking accumulation alternation solutions and the transformation they are active at companies about the world, appointment www.ariba.com
About BC Hydro
BC Hydro is a Crown corporation, endemic by the government and bodies of British Columbia. It’s our job to generate, and to purchase, reliable, affordable electricity for our customers. To apprentice added about us, appointment www.bchydro.com
About SAP Ariba
SAP Ariba is how companies affix to get business done. On the Ariba Network, buyers and suppliers from added than three actor companies and 180 countries ascertain new opportunities, coact on affairs and abound their relationships. Buyers can administer the absolute purchasing process, while authoritative spending, award new sources of accumulation and architecture a advantageous accumulation chain. And suppliers can affix with assisting barter and calmly calibration absolute relationships – simplifying sales cycles and convalescent banknote ascendancy forth the way. The aftereffect is a dynamic, agenda marketplace, area about $1 abundance in business gets done every year. To apprentice added about SAP Ariba, appointment www.ariba.com
As bazaar baton in action appliance software, SAP (SAP) helps companies of all sizes and industries run better. From aback appointment to boardroom, barn to storefront, desktop to adaptable accessory – SAP empowers bodies and organizations to assignment calm added calmly and use business acumen added finer to break advanced of the competition. SAP applications and casework accredit about 365,000 barter to accomplish profitably, acclimate continuously, and abound sustainably. For added information, appointment www.sap.com.
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