Archive Systems Enhances E-Invoicing with Ariba
Leading provider of accounts payable automation leverages Ariba Supplier Network to eliminate paper invoice conversion, support straight-through processing for customers

SUNNYVALE, CA and FAIRFIELD, NJ, February 10, 2009 /24-7PressRelease/ -- Ariba, Inc. (NASDAQ: ARBA), the leading spend management solutions provider, today announced that Archive Systems, a leading provider of accounts payable automation services, will leverage its offerings to enhance the e-invoicing services it provides to customers worldwide. Under the terms of a newly signed agreement, Archive Systems will use the Ariba Supplier Network to eliminate paper invoice conversion and support straight-through processing for its customers using ASPEN 360 Accounts Payable Edition.

"The future of AP invoice processing is clear. Electronic invoices will be generated by a vendor's ERP and electronically transmitted to the buyer's automated invoice processing system which will pass them seamlessly to the buyer's ERP - all without human intervention," said Dave Craig, President of Archive Systems. "By combining the Ariba Supplier Network and our AP automation workflow, we can make this possible for our customers today."

Archive Systems will use the Ariba Supplier Network to enable ASPEN 360 customers to receive e-invoices automatically from their vendors and approve them programmatically when rules allow and complete the accounts payable process faster and more efficiently.

"Archive Systems pioneered the automation of the accounts payable function with its innovative solutions," said Drew Hofler, Senior Manager, Financial Solutions, Ariba. "In choosing to leverage Ariba's offerings, Archive Systems is taking things to a new level by providing its customers with access to market leading technology and a powerful trading network they can leverage to deliver immediate, measurable and sustainable results."

If a vendor isn't taking advantage of e-invoicing technology yet, they can still submit invoices to ASPEN 360's Invoice Virtualization Center (IVC) for document conversion and data capture. The invoices will be prepped, scanned, and indexed at the IVC prior to loading into ASPEN 360. But as Craig notes, "The enhanced e-invoicing capabilities now offered through the Ariba Supplier Network provides a significant cost reduction for ASPEN 360 customers who wish to do straight through processing. E-invoicing and the Ariba Supplier Network avoids the expense of scanning and capturing line-item-details from a paper invoice."

To learn more about Archive Systems and its ASPEN 360 solution, visit www.archivesystems.com. For more information on Ariba's Invoice and Payment solutions and the results they are delivering for companies around the world, visit www.ariba.com.

Press Release Contact Information:

Craig Abramson
Archive Systems
Online Marketing Manager
39 Plymouth Street
Fairfield, NJ
USA 07004
Voice: 973-287-1357
Website: Visit Our Website