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October 19, 2010updated 04 Apr 2017 4:16pm

Amex and SAP team up to ease corporate e-payments

American Express (Amex) has joined forces with business software provider SAP to provide a plug and play solution designed to combat delays for corporate adoption of electronic payments in the US.

By Louise Naughton

American Express (Amex) has joined forces with business software provider SAP to provide a ‘plug and play’ solution designed to combat delays for corporate adoption of electronic payments in the US.

High costs of deployment and connecting together third-party systems can deter US companies from e-payments. However Amex and SAP’s latest offering claims to help organisations drive process efficiencies without the need for large scale, up-front development investments.

The solution, which is a combination of Amex’s Buyer Initiated Payments solution and process integration (PI) technology from the SAP NetWeaver technology platform, will feature a ‘plug and play’ feature which is claimed to enable SAP customers to adopt e-payments quickly.

“Automated payments solutions can be critical to companies seeking to save money, but have historically required significant investments in resources and time to implement,” said Jaromir Divilek, senior vice-president and general manager, American Express Global Commercial Card.

“With this joint effort, we will be able to offer SAP and American Express clients a faster and more cost effective way to recognise the benefits of electronic payments.”

As part of the agreement, Amex will license SAP NetWeaver PI technology and plans to deploy the solution during the first quarter of 2011.

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