Visa U.S.A. Interfaces Purchasing Card Payment Programs With SAP Business to Business Procurement.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and WALLDORF, Germany--(BUSINESS WIRE)-- March 29, 1999-- SAP Customers Achieve Greater Cost Savings Through Streamlining the Procurement Process with Efficient Payment Solutions Visa U.S.A. and SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. (NYSE NYSE See: New York Stock Exchange ADR ADR - Astra Digital Radio :SAP), today announced a joint solution combining the Visa(R) Purchasing Card A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which with SAP(TM) Business to Business Procurement(TM) (SAP BBP BBP Bruto Binnenlands Product (Dutch) BBP Bauch-Beine-Po (workout) BBP Büyük Birlik Partisi (Turkish: Grand Unity Party) BBP Blood Borne Pathogen BBP Baseband Processor )(TM), a Web-enabled electronic commerce solution. The seamlessly interfaced solution, which is one of the first of its kind between a major payments company and a business applications solutions provider, will offer SAP and Visa customers a comprehensive view of the entire procurement process. By streamlining the purchasing, payment and reporting process onto one system instead of multiple systems, SAP customers can achieve greater cost savings. The two companies plan to deliver several new features to customers beginning in the second quarter of 1999. "Corporate customers are interested in managing a single process for purchasing, payment and reporting," said Bruno Perreault, senior vice president of Commercial Card Products for Visa U.S.A. "Visa is committed to working with leading business applications vendors like SAP to develop innovative, integrated purchasing solutions that our member banks can offer their corporate customers." Traditionally, business applications have been focused on strategic purchases such as capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods and direct materials; a separate system was used for operating resources such as office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). and computer equipment. Today, the latest versions of these systems feature easy-to-use interfaces designed for mass use and acceptance across all business areas, including electronic purchasing. As a result, corporations are replacing inefficient, paper-based purchase orders, invoices and checks, and are adopting best practices for procurement through electronic purchasing solutions. In addition to providing a comprehensive view of the entire procurement process by integrating purchasing data across the corporation, the interface between Visa and SAP BBP automates the balancing and distribution of purchasing card statements and eliminates time-intensive reconciliation processes. "The open SAP Business Framework(TM) architecture enables SAP customers to quickly and easily extend their SAP investment by linking SAP BBP to payment solutions like the Visa Purchasing card," said Kemal Koeksal, director of Electronic Commerce at SAP Labs SAP Labs are the Research and Development Organizations of Parent Company SAP AG. SAP has its Labs spread across the globe. Prominent Labs are located in Palo Alto USA, Bangalore India, Raanana Israel and Shanghai China. , Inc. "Since March of 1998, Visa and SAP have worked closely with large, diverse buying organizations and banks to research the integration efforts." The following features are scheduled for availability in the second quarter of 1999: -0-
-- The Integrated Transaction/Statement File, received
electronically by SAP R/3(R) in a Business Application
Programming Interface (BAPI) format, contains complete purchasing
card data from a corporation's bank. This data is then
automatically combined with other corporate expense data in SAP
R/3, empowering procurement managers with comprehensive reports
and more effective data analysis.
-- Purchasing Card Transaction Reconciliation, a new SAP
workflow-based process, enables managers and cardholders to
approve purchasing card transactions and determine the proper
cost allocations, eliminating manual and paper-based procedures.
-- Purchasing Card Program Data Management, within SAP BBP, permits
a purchasing card program administrator to manage the purchasing
cards issued to a company's employees.
-0- To further extend the benefits of the purchasing card, Visa has developed an Implementation Guide for its member financial institutions that contains comprehensive information on how they can integrate the Visa Purchasing Card with their customers' Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) systems. Visa's Implementation Guide includes ERP vendor profiles, data file requirements, operations guidelines and user training information. "Corporate customers do not want to develop customized solutions for data integration, reporting and reconciliation. We can help them by offering a complete procurement solution," said Visa's Perreault. "Combining the leading purchasing card product and the leading ERP product will help customers further improve their procurement process and reduce costs." About Visa Visa, the leading card brand and the largest payment system worldwide, is a payment solution for consumers, industry and government. It plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions, their cardholders, and the global economy. Visa is the only consumer payment system to facilitate $1 trillion worth of purchases of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. in a fiscal year. Visa's more than 630 million cards are accepted at over 16 million worldwide locations, including more than 480,000 ATMs in the Visa/PLUS Global ATM Network. Visa's Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is www.visa.com. About SAP SAP, the world's leading business applications software company, provides companies of all sizes with business solutions that deliver A Better Return on Information(SM). SAP products This presents a list of products of the enterprise software company SAP AG. Enterprise Applications
This integration enables companies to optimize supply chains, strengthen customer relationships, and make more accurate management decisions. Founded in 1972, SAP today leverages a global network of people, processes and products to assure customer success. SAP is listed on several exchanges including the Frankfurt stock exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. and NYSE under the symbol "SAP." More information on SAP is available on the worldwide web at http://www.sap.com. Note to Editors: SAP, R/3, SAP Business to Business Procurement, SAP BBP, SAP Business Framework, A Better Return on Information and all SAP product or service names referenced herein are trademarks, registered trademarks or service marks of SAP AG. All other product or service names mentioned herein may be trademarks of their respective companies. |
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