Jens Amail
Managing Director UK and Ireland at SAP

Barclaycard commercial payments ( a part of Barclays Bank PLC) has announced a partnership with SAP UK Limited, which will see Barclaycard integrate its business to business product, PrecisionPay into SAP Ariba solutions. This will bring procurement and payment in one place, Ariba Network- with PrecisionPay Bank Transfer to be the first BarclayCard product to be launched on it.

 

The PrecisionPay Bank Transfer will facilitate prompt payments from the buyers and access to flexible working capital. Customers of SAP Ariba solutions who use Precisionpay will benefit from access to data-led procurement insights gained through cloud solutions from SAP: SAP Cloud Platform and the SAP Analytics Cloud solution.

Marc Pettican, managing director, Barclaycard Commercial Payments, commented: “Since launching the UK’s first corporate credit card over 50 years ago, Barclaycard has been pushing the boundaries to create payment solutions that help make our clients more successful. In global procurement, payment has always been the part of the process that has created the most friction, so we’re really excited to be partnering with SAP to make B2B payments as simple and seamless as possible.”

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 revolutionize the industry and bring so much more value to Barclaycard customers.”

Barclaycard is a  global payment business that helps consumers, retailers, and businesses make and take payments and access short-term credit and point-of-sale finance. Barclaycard is developing viable contactless and mobile payment schemes for today and forms of payment for the future.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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