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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY

(AXP)
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American Express and SAP Ariba Join Forces to Deliver True End-to-End Procure-to-Pay Process for Corporate Customers: SAP Ariba

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04/16/2019 | 04:37pm EDT

2019 APR 16 (NewsRx) -- By a News Reporter-Staff News Editor at Computers, Networks & Communications Daily Daily -- SAP ARIBA LIVE -- American Express (NYSE: AXP) and SAP Ariba announced that they have entered into a strategic multi-phased partnership designed to offer buyers and suppliers new payment and financing options on Ariba® Network, extending its value for joint large and global customers. Sean Thompson, senior vice president, SAP Ariba Business Network & Ecosystem, and E-Bai Koo, executive vice president, Global Commercial Services at American Express, will share details of the news with the thousands in attendance at SAP Ariba Live, taking place at the Austin Convention Center, April 1-3.

As a network extension partner, American Express will leverage Ariba Network APIs to enable its virtual Card capabilities within the SAP Ariba process and platform to facilitate seamless commerce, secure payments, and easy reconciliation between businesses on a single platform. Through this new integration available later this year, businesses will have the opportunity to use their existing American Express® Corporate Cards to generate virtual Card payments, making it simple for customers to get started without the need to set up and maintain a separate standalone account.

“We are continuously looking for ways for our customers to conduct more business in a simple, intuitive and integrated manner. With over half of American Express’ largest global customers already using SAP Ariba to manage their expenses, this partnership has the opportunity to provide significant value for our joint customers,” said Koo. “We couldn’t be more excited about building a long-term partnership with SAP Ariba.”

(Our reports deliver fact-based news of research and discoveries from around the world.)

Copyright © 2019 NewsRx LLC, Computers, Networks & Communications Daily, source Technology Newsletters

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Financials ($)
Sales 2019 43 614 M
EBIT 2019 12 393 M
Net income 2019 6 656 M
Debt 2019 -
Yield 2019 1,34%
P/E ratio 2019 15,10
P/E ratio 2020 13,35
Capi. / Sales 2019 2,30x
Capi. / Sales 2020 2,13x
Capitalization 100 B
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 119 $
Spread / Average Target -0,44%
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Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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