PEMBROKE, MA--(Marketwired - October 24, 2016) - Ariett, a leading provider of Cloud Purchase and Expense software, announces at Intacct Advantage 2016 the upcoming release of the Ariett Vendor Portal for Q1 2017. Following Ariett's electronic payment processing release, the Vendor Portal with vendor onboarding and vendor self-service is the culmination of Ariett's Cloud Purchase to Payment platform for mid-enterprise and mid-market customers.
Glenn Brodie, president of Ariett, said, "This release completes our vision and roadmap for a modern Purchase to Payment platform that delivers exceptional security, value and efficiency to purchasing, financial and account payable teams. As part of this roadmap, Ariett continues to offer seamless integration to Intacct's cloud financial and accounting software solution with Intacct's cloud API."
Brodie added, "The Vendor Portal will unite both procurement and accounts payable teams with one, centralized solution for vendor onboarding, vendor management, procurement, invoice processing, payments, communication and the financial tracking of vendor rebates and incentives."
Key benefits of the new Vendor Portal for both customers' AP and vendors' AR business processes will include efficiency gains from going paperless and from having a centralized location to access POs, invoices and payments. With faster, more accurate invoice processing, vendors will get paid on time and customers will have the opportunity to leverage the benefits of Ariett's vendor network.
"Intacct is focused on building a deep financial solution and we strategically partner with other complementary solutions to deliver even more value for customers," said Clark Newby, vice president of marketing at Intacct. "Ariett's Purchase to Payment solution is a great addition to the Intacct marketplace and will provide joint customers with an easy vendor onboarding process, as well as the ability to view payments, retrieve purchase orders and submit invoices for a streamlined procurement process."
As a Gold Sponsor at Intacct Advantage, Ariett will showcase payment processing in the presentation "Gain Upfront Control with Ariett's Automated Purchase to Invoice to Payment Processing," on Wednesday, 10/26 at 1:45 p.m.
Initial Feature Highlights for Q1:
- Vendor Self-Service and Visibility: Vendors will gain visibility to open POs, invoices and payments and will have the ability to update payment terms in Ariett. Enhanced visibility will increase collaboration and communication between buyers and vendors.
- Vendor Onboarding: Vendors will be able to update their records, contacts and payment information. Ariett will also capture an audit trail of vendors entering and updating banking and routing information.
- Automatic Vendor Portal Activation: Once a vendor registers on the Ariett Vendor Management Site, the vendor will have the ability to view their customer information and the customer will have access to the latest vendor information.
Ariett is a leading provider of Cloud Purchase and Expense software that generates savings on every contract, requisition, invoice, expense report and payment with a modern, unified procurement platform. Ariett is designed for employees to quickly and easily generate requisitions, manage preferred vendors, capture documents, check budget availability, track contracts and process transactions with a flexible workflow. For more information, please visit www.ariett.com.