Mid-market companies are a core part of a B2B purchasing space that Forrester estimates will reach $1.2 trillion in total spending by the year 2021. Deloitte’s Technology in the Mid-market: Closing the Gap report documents the significant budget increases allocated to cloud and service contracts for productivity gains. Today, growing organizations like yours are dramatically increasing the percentage of total spend to secure marketing, IT, HR, accounting or legal cloud software solutions and service providers. To manage the purchase and payment of services, the accounts payable team and specific departments need to receive an invoice, track the spending against a contract or service agreement, and check the negotiated pricing, payment terms and budget before payment. Meet Ariett’s Service Contract Tracking and Payment solution to simplify your collaboration and accountability.
Ariett, a subsidiary of AvidXchange and a leading innovator of Cloud Purchase to Payment software, announces that the Spartan College of Aeronautics and Technology (Spartan College), the leading aviation technology college, has selected Ariett’s platform for purchasing, AP invoice automation, payment processing, contract tracking and expense reporting. As a higher education institution, Spartan College chose Ariett to optimize purchasing, eliminate manual processing costs and deliver greater spend visibility across decentralized campuses.
For too long, too many purchasing and accounts payable departments have grown apart – working independently to make important supplier, contract and procurement decisions. This Valentine’s Day, it’s time to rekindle the magic between these departments by focusing on their common goal of smarter spend and payment management. To achieve this goal, organizations require the right solutions to collaborate, pre-approve spending, reduce costs and gain visibility. Only then can these departments retie the knot!
In 2018, new accounts payable automation technology with real-time analytics will transform the CFO into the meteorologist of your organization. The role will transition from the reporter of corporate financial records to the corporate meteorologist ready to utilize data to make sunny forecasts, warn of upcoming financial storms and make strategic decisions.
Ariett News – December 8, 2017 – Ariett, a leading innovator of Cloud Purchase to Payment software, announces today the release of BI Metric Accounts Payable, Procurement and Expense Reporting Dashboards. Augmenting Ariett’s search and reporting capabilities, these dashboards provide real-time data and visualizations to help AP managers, CFOs and department managers make purchasing decisions and gain quick insights into spending.
Ariett News – October 16, 2017 – Ariett, a leading innovator of Cloud Purchase to Payment software, announces that TCS (The Community Solution) Education System, a nonprofit system of 5 colleges based in Chicago, has selected Ariett’s unified Cloud Purchase to Payment platform. The education nonprofit chose Ariett to implement cost-saving purchasing with contract tracking and efficient AP invoice capture that includes secure electronic payment approval – all on one platform.