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Barclaycard partners with SAP for corporate payments

Monday 18th February, 2019

Barclaycard Commercial Payments a part of Barclays Bank PLC has announced a strategic partnership with SAP UK Limited. The partnership will see Barclaycard integrate its award-winning business-to-business (B2B) payment product Precisionpay into SAP Ariba solutions.

The integration is set to become available later this year, will bring procurement and payment together in one place, the Ariba Network gives users a simple and seamless end-to-end procurement experience.

The first Barclaycard product to launch within Ariba Network will be Precisionpay Bank Transfer, which combines the perks of card payments for buyers with the cost-effectiveness of bank transfers for suppliers.

With Precisionpay Bank Transfer, buyers will be able to pay suppliers much earlier in the procurement cycle, improving supplier relationships and allowing them to take advantage of any prompt payment discounts. Buyers could also benefit from access to flexible working capital.

In addition, customers of SAP Ariba solutions who use Precisionpay will benefit from access to data-led procurement insights powered by the powerful cloud solutions from SAP: SAP Cloud Platform and the SAP Analytics Cloud solution. These insights will help users make smarter payment and procurement decisions, with minimal impact or change to their own internal technical footprint.

Jens Amail, managing director, SAP UK Limited and SAP Ireland Limited, commented: “Barclaycard is a long-term strategic partner for SAP and we’re now taking this partnership to the next level by collectively redefining the corporate payments market with a highly innovative platform. The introduction of early settlement flexibility will truly revolutionise the industry and bring so much more value to Barclaycard customers.”