Company Converges Best-in-Class SaaS Technology, Spend Management Expertise and Supplier Network Services in a Single, Web-Based Solution, Enabling Companies to Quickly, Easily and Cost-Effectively Deliver Results
Ariba, Inc. (Nasdaq:ARBA), the leading on-demand spend management solutions provider, sees the future of enterprise applications, and it doesn’t involve technology, intelligence and services being delivered separately. Instead, it builds on the accessibility of cloud computing, expertise of business process outsourcing, and the openness and convenience of a Web 2.0 environment to drive business value. With the latest release of its on-demand offerings, Ariba is defining the next-generation of enterprise applications today. The Ariba 10s1 solution suite converges best-in-class SaaS technology, spend management expertise and supplier network services in a single, web-based solution to help companies quickly, easily and cost-effectively deliver results.
“Today’s professionals require enterprise solutions be quick to deploy, easy to use, and globally accessible,” said Alex Moissis, Vice President, Solutions Management, Ariba. “They also expect them to facilitate the adoption of new business processes, cross-enterprise collaboration, and information discovery that is impossible with legacy enterprise applications. With 10s1, Ariba delivers on-demand solutions with embedded sourcing and spend management expertise and a global network of pre-enabled suppliers and services – all in a single solution.”
On-Demand Solutions
With pressure to deliver savings at an all-time high and IT budgets tight, companies are demanding comprehensive solutions that provide fast time to value. Ariba’s on-demand offerings leverage a flexible, web-based model that lowers total cost of ownership and removes the burdens associated with traditional installed software. Ariba 10s1 continues to enhance self-service configurability to speed adoption and adapt to market changes and delivers easy-to-use interfaces and dashboards to maximize adoption and results. With Ariba, companies can be up and running and delivering results in weeks, not months or years.
Embedded Market Intelligence
To maximize savings opportunities and drive them to the bottom line, buyers need current intelligence on supply market dynamics that they can leverage to make optimal sourcing, and ultimately, business decisions. With its latest release, Ariba puts this information at their fingertips through Ariba® Market Visibility™. Leveraging Ariba’s market-leading global commodity and sourcing experts, Ariba Market Visibility enriches classified spend data with up-to-date information on current supply market dynamics and pricing trends for more than 500 spend categories. Delivered as part of Ariba Spend Visibility™, the new service also offers techniques to align sourcing priorities with market opportunities, devise fact-based strategic sourcing plans and maximize savings.
Ariba has also expanded the financial information available through Ariba Spend Visibility to include data on more than 150 million companies. Using this information, Ariba offers companies a deeper view into their suppliers’ finances and risk profiles so that they can effectively evaluate their exposure to supply chain disruptions and take appropriate actions to mitigate them.
And with its latest release, Ariba debuts the Ariba Supplier Information Management™ solution, which leverages a unique combination of technology, expertise and services to help companies quickly identify and assess new sources of supply, rapidly on board approved suppliers, and gain a 360-degree view of supplier information. Coupled with Ariba Supplier Performance Management™, companies now have comprehensive capabilities required to drive continuous corrective actions and improvements across the supply chain as well as best-practices and templates to ensure proper supplier selection, measurement, and risk and performance management.
Efficient Contract Management
In the tight economy, efficient and auditable contracting is critical to maximize revenues and mitigate risks. With its latest release, Ariba provides the first complete and global solution for achieving these goals. Through a partnership with DocuSign, the leading provider of on-demand electronic signature and electronic contract execution solutions, Ariba has embedded electronic signature capabilities within Ariba Contract Management™ to arm companies with a comprehensive on-demand solution they can use to execute electronic contracts more quickly, efficiently and cost-effectively than ever before.
Deeper and Broader Compliance
With 10S1, Ariba introduces Federated Process Control capabilities that enable companies to seamlessly manage their procurement, invoice and payment processes across multiple operational or business units while connecting to one or multiple Enterprise Resource Planning (ERP) and other back-office systems. With the new capabilities, companies can now accelerate their compliance and cash management initiatives on an enterprise-wide basis and increase returns on their investments.
Building on the strength of Ariba’s market-leading financial solutions, 10S1 also includes new features designed to help companies develop and implement a highly integrated cash management strategy while improving the efficiency of the entire procure-to-pay cycle more quickly and easily. Leveraging Ariba Invoice and Payment™, for instance, companies can convert 100 percent of their paper-based invoices to electronic documents in 100 days or less.
Global Commerce Network
While many tools exist to help buying organizations find new suppliers, discerning whether these suppliers can meet their needs often poses a significant challenge. And while many suppliers devote significant resources to promoting themselves and connecting with new buyers, their efforts often bear little fruit. With its latest release, Ariba takes these challenges head on through new, web-based capabilities designed to fuel collaboration and business growth among buyers and suppliers around the globe. The new features connect buyers in active purchasing cycles with qualified suppliers across categories, industries and geographies and give sellers the ability to uncover new business opportunities through the world’s largest Web-based community of qualified buyers.
“Doing business in today’s economy is tough. Purchasing and deploying solutions to help manage the task shouldn’t be,” Moissis said. “With its latest release, Ariba has made it easier than ever for companies to access industry-leading technology, a global consulting team and category experts and the world’s largest business-to-business web trading exchange which they can leverage to overcome the challenges they face and drive their strategic goals.”
Ariba’s total spend management solutions transform the way companies of all sizes, across all industries, and geographies operate by delivering the technology, service, and network solutions needed to achieve greater control of their spend and drive continuous improvements in financial and supply chain performance.
Availability
Ariba’s on-demand spend management solutions are available and in use today by over 1,000 companies, including more than half of the Fortune 100. 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 on-demand spend management solutions. Our mission is to transform the way companies of all sizes, across all industries, and geographies operate by delivering technology, service, and network solutions that enable them to holistically source, contract, procure, pay, manage, and analyze their spend and supplier relationships. Delivered on demand, our enterprise-class offerings empower companies to achieve greater control of their spend and drive continuous improvements in financial and supply chain performance. More than 1,000 companies, including more than half of the companies in the Fortune 100, use Ariba solutions to manage their spend from sourcing and orders through invoicing and payment. For more information, visit www.ariba.com
Copyright © 1996 – 2009 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE, SupplyWatch, Ariba.com, Ariba.com Network and Ariba Spend Management. Find it. Get it. Keep it. are registered trademarks of Ariba, Inc. Ariba Spend Management, 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 Invoice, Ariba Payment, 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 Content Procurement, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager, Ariba LIVE, It’s Time for Spend Management and Supplier Lifecycle Management are trademarks or service marks of Ariba, Inc. All other brand or product names may be trademarks or registered trademarks of their respective companies or organizations in the United States and/or other countries.
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: the impact of the credit crises on Ariba’s results of operations and financial condition; 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, long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions, including the impact of a recession; 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 May 6, 2009.
Ariba, Inc.
Karen Master, 412-297-8177
kmaster@ariba.com
