03.03.2008 13:30:00
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Ariba Delivers Enterprise-Class Spend Management On-Demand
Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions
provider, has set a new standard for software delivered as a service.
With the latest release of its on-demand spend management solutions,
Ariba provides a full suite of enterprise-class offerings that can be
quickly, easily and cost effectively deployed by companies of all sizes
across functions to achieve fast, measurable results.
"For years, enterprise-class spend management
was confined to on-premise, customized solutions, which only large
companies could afford to purchase and deploy,”
said Alex Moissis, Vice President, Solutions Management, Ariba. "With
the latest release of Ariba’s on-demand
solutions, large and growing organizations alike can access a full range
of applications on-demand that enable them to manage their spend from
end-to-end and deliver bottom-line results.”
According to the Supply Management Market Sizing Report 2006-2011
published by AMR Research, "alternative
deployment (on-demand) models continue to be the largest growth driver
of the supply management market...” And as
noted in "Supply Management: A Market Update”
issued by AMR Research on February 25, 2008, "Landing
Procuri made Ariba the largest on-demand provider in supply management,
giving it a whopping 50% of the market share.” More Value, More Quickly
A unique combination of technology, category expertise and services
delivered in a single, integrated platform, Ariba’s
on-demand spend management solutions require no investment in hardware
or lengthy implementations. "With Ariba,
companies can be up and running along the path to spend management
excellence in weeks, not months or years,”
Moissis said. In addition, Ariba’s solutions
deliver low cost integration with ERP systems, allowing companies to
accelerate and increase returns on their investments.
Expanded Reach and Impact
Enterprise-class features embedded across Ariba’s
latest on-demand release, coupled with ease of use and deployment enable
organizations of all sizes to expand the reach and impact of spend
management across markets, functions and spend owners.
"Traditional installed software approaches
once limited spend management savings to the procurement groups within
large enterprises,” said Tim Minahan, Chief
Marketing Officer, Ariba. "With its latest
on-demand release, Ariba delivers enterprise-class spend management
functionality and expertise that enables companies of all sizes to drive
savings in new functional areas, such as finance and legal and include a
broader range of spend owners, such as marketing, human resources, and
IT to increase and accelerate results.” Comprehensive Contract Management
Negotiating and managing contracts is an enterprise-wide activity that
extends far beyond procurement. With enhanced buy and sell-side
capabilities, Ariba®
Contract Management™
enables companies to collaboratively create and manage contracts across
categories and functions, including sales, marketing, real estate,
legal, procurement and IT. Active compliance tools help organizations
move beyond basic authoring and document archiving to drive compliance
and achieve full value of their contracts regardless of their backend
procurement or ERP systems.
Network-Driven Collaboration and Financing
In turbulent economic times, it is more critical than ever that buyers
and suppliers work together to ensure the stability and health of their
operations. To drive such collaboration, Ariba now provides direct
access to third-party financing solutions from Orbian through the Ariba
Supplier Network™.
Leveraging the solutions, buying organizations can achieve cost savings
or better trade terms and suppliers can receive certainty of payment
timing and amount. And with enhanced discount management tools embedded
in the network, suppliers can more effectively manage cash receivables
by offering incentives to key trading partners for early payment. With
more than 160,000 registered suppliers in 115 countries engaging in
transactions worth more than $100 billion a year, the Ariba Supplier
Network is one of world’s largest open
business transaction networks. Through Ariba Supplier Connectivity™,
companies using ERP and other non-Ariba procurement applications can
seamlessly connect to the network and reap the benefits that it provides.
Complex Services Procurement
Companies are increasingly pursuing bottom-line savings through
effective management of a broad range of services. Through
services-specific, best-practice processes built into Ariba Services
Procurement™,
companies of all sizes can dramatically automate key steps in the spend
management process, increase internal compliance to negotiated contracts
in complex services, reduce costs and ultimately increase the amount of
spend they capture and manage. Delivered on-demand as a service, the
solution can be easily integrated with ERP and other third-party
procurement applications, enabling companies to maximize IT investments
and spend management results.
Deep Procurement Content
Ariba Procurement Content™ allows companies
to access a single source of content for all commodities through an
easy-to-use search interface. A unique, end-to-end combination of proven
technology, extensive domain expertise and expert services, Ariba
Procurement Content enables companies to quickly drive procurement
compliance across categories regardless of the specific applications
they are using. Delivered on a subscription basis, Ariba Procurement
Content is system neutral and eliminates the challenges of
point-to-point integration, multiple data formats, managing content and
ensuring contract compliance.
Robust Travel & Expense Compliance
Tighter Sarbanes-Oxley and New York Stock Exchange guidelines regarding
the reporting of gift and entertainment expenses for non-employees have
a growing number of companies struggling to bring themselves into
compliance. Through new reporting features included in Ariba Travel and
Expense™, companies
can track the purchase of gifts and other physical items to customers,
prospects, or other non-company individuals along with expenses for
entertainment of them. Data can be easily accessed and shared across
departments to ensure standardization and accuracy of reporting.
Availability
Ariba’s on-demand spend management solutions
are available and in use today. To learn more about how your
organization can leverage these solutions to improve profits, reduce
risk and gain competitive advantage, visit: www.ariba.com About Ariba, Inc.
Ariba, Inc. is the leading provider of spend management solutions to
help companies realize rapid and sustainable bottom line results.
Successful companies around the world in every industry use Ariba Spend
Management™ software and services. Ariba can
be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com.
Copyright © 1996 –
2008 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE and SupplyWatch are registered
trademarks of Ariba, Inc. Ariba Spend Management, Ariba Spend
Management. Find it. Get it. Keep it., Ariba. This is Spend Management,
Ariba Solutions Delivery, Ariba Analysis, Ariba Buyer, Ariba Category
Management, Ariba Category Procurement, Ariba Contract Compliance, Ariba
Contracts, Ariba Contract Management, Ariba Contract Workbench, Ariba
Data Enrichment, Ariba eForms, Ariba Electronic Invoice Presentment and
Payment, Ariba Invoice, Ariba Sourcing, Ariba Spend Visibility, Ariba
Travel and Expense, Ariba Procure-to-Pay, Ariba Workforce, Ariba
Supplier Network, Ariba Supplier Connectivity, Ariba Supplier
Performance Management, Ariba PunchOut, Ariba QuickSource, PO-Flip,
Ariba Settlement, Ariba Spend Management Knowledge Base, Ariba Ready,
Ariba Supply Lines, Ariba Supply Manager, Ariba LIVE and It’s
Time for Spend Management are trademarks or service marks of Ariba, Inc.
All other trademarks are property of their respective owners.
Ariba Safe Harbor
Safe Harbor Statement under the Private Securities Litigation Reform Act
1995: Information and announcements in this release involve Ariba's
expectations, beliefs, hopes, plans, intentions or strategies regarding
the future and are forward-looking statements that involve risks and
uncertainties. All forward-looking statements included in this release
are based upon information available to Ariba as of the date of the
release, and we assume no obligation to update any such forward-looking
statements. These statements are not guarantees of future performance
and actual results could differ materially from our current
expectations. Factors that could cause or contribute to Ariba's
operating and financial results to differ materially from current
expectations include, but are not limited to: delays in development or
shipment of new versions of Ariba's products and services; lack of
market acceptance of Ariba's existing or future products or services;
inability to continue to develop competitive new products and services
on a timely basis; introduction of new products or services by major
competitors; the ability to attract and retain qualified employees;
difficulties in assimilating acquired companies, including Procuri which
Ariba acquired on December 17, 2007; long and unpredictable sales cycles
and the deferrals of anticipated orders; declining economic conditions;
inability to control costs; changes in the company's pricing or
compensation policies; significant fluctuations in our stock price; the
outcome of and costs associated with pending or potential future
regulatory or legal proceedings; the impact of our acquisitions,
including the disruption or loss of customer, business partner, supplier
or employee relationships; and the level of costs and expenses incurred
by Ariba as a result of such transactions. Factors and risks associated
with its business, including a number of the factors and risks described
above, are discussed in Ariba's Form 10-Q filed with the SEC on February
6, 2008.
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