Paymetric Brings Greater Value to an Organization’s Existing Investments in SAP® Solutions
XiBuy™ Achieves “Powered by SAP NetWeaver®” Status
HOUSTON, January 25, 2007 – Paymetric, a leading innovator of electronic payments solutions, today announced its XiBuy™ 2.1 solution has earned “Powered by SAP NetWeaver®” status from SAP AG, the world’s leading provider of business software, for its integration as an ABAP™ Add-on with SAP® solutions.
XiBuy is a purchasing card transaction management solution designed to manage the review, allocation, approval and posting of card transactions within SAP solutions. It utilizes standard development and deployment principles and can reduce the cost of transaction processing, improve the visibility and control of purchasing card spend, and extend the use of purchasing cards into broader spend categories, such as direct materials and inventory. XiBuy is designed exclusively for SAP solutions and delivers a new model for businesses looking to optimize cards as part of a complete accounts payable solution.
“Achieving Powered by SAP NetWeaver status informs Paymetric customers that XiBuy runs seamlessly on the SAP NetWeaver platform and can help lower an organization’s total cost of integration,” said Kathleen Nugent, vice president business development, Paymetric.
The SAP NetWeaver platform powers the mySAP™ Business Suite family of business applications, SAP xApps™ packaged composite applications and solutions such as XiBuy from Paymetric. SAP NetWeaver unifies integration technologies into a single platform and is pre-integrated with business applications, enabling change and reducing the need for custom integration. Third-party ABAP Add-ons such as XiBuy that have passed the syntactic and semantic checks that are part of the SAP ABAP Add-on certification requirements are eligible to receive certification through the SAP Integration and Certification Center.
“Customers will benefit from XiBuy’s status as Powered by SAP NetWeaver, which provides assurance that it can be quickly deployed and smoothly integrated into existing SAP solution-based environments,” added Nugent. “This qualification is another important milestone in our long-standing relationship with SAP. It exemplifies our strong commitment to help organizations maximize the value of their investments in SAP solutions.”
Companies that have invested in SAP solutions to manage their supply chain understand the importance of streamlining business processes around a common system. SAP NetWeaver brings all SAP applications onto a common platform to maximize an organization’s IT investment.
Paymetric possesses solid expertise with SAP solutions and partners closely with SAP to ensure that its solutions are reliable and tightly integrated with existing SAP standards and specifications.
XiBuy enables companies to leverage their significant investments in SAP solutions by managing purchasing card (p-card) transactions directly within SAP solutions and unlocking the full value of p-card programs by improving program efficiency and providing controls and greater visibility into p-card spend.
About Paymetric, Inc.
Paymetric, Inc. provides Enterprise Payment Solutions that enable companies to improve working capital management, reduce operating costs and risks, and expand and protect revenues. Paymetric streamlines enterprise payment processes within the financial supply chain by embedding card payment and acceptance capabilities into existing business processes and systems. Paymetric is an Austin Ventures portfolio company, an SAP Software Partner and recipient of the SAP Pinnacle award. Visit www.paymetric.com for additional information.
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All other names mentioned herein may be trademarks of their respective owners.
Contact
Kathleen Nugent, VP Business Development, 713.895.2000, knugent@paymetric.com
