Company Provides Access to Comprehensive Financial Information and Risk Profiles in Latest Release of Spend Analysis Solution
When suppliers can no longer access capital, chances are they may fail. And when suppliers fail, the companies that rely on them face a higher likelihood of failing as well. To help companies assess and better manage their supply risk, Ariba, Inc. (Nasdaq: ARBA), the leading on-demand spend management solutions provider, today announced the availability of new tools to determine the financial health and stability of key suppliers. Embedded in the latest release of Ariba® Spend Visibility™, the tools provide access to comprehensive financial information and the option to add risk scores for suppliers around the world which companies can use to identify and address potential weaknesses in their global supply chains.
“As the global credit crunch continues, companies must be certain that their trading partners are financially sound and operationally stable,” said Alex Saric, Director, Solutions Management, Ariba. “To help them do this, we have enhanced Ariba Spend Visibility to provide users with a more comprehensive 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.”
Better Visibility = Better Decisions
As part of the latest release of Ariba Spend Visibility, Ariba has expanded the size of its integrated supplier database to 150 million, as well as the range of financial information available to customers. Using the information, Ariba can help companies:
- Evaluate the financial viability of key suppliers
- Maximize leverage in negotiations via accurate parent-child relationships
- Identify suppliers that support diversity programs
- Make more informed sourcing decisions
“Based on our annual Procurement Key Issues research study, Supplier Risk sits alongside Market Intelligence and Working Capital Management as a Top 3 priority for Procurement executives in 2009,” says Pierre Mitchell, Director, Procurement Research & Advisory for The Hackett Group. “While historic spend analysis is foundational to spend management, deeper predictive external supplier and market intelligence is sorely needed to provide the forward-looking insight that Procurement executives need to address their top priorities in 2009 and beyond.”
Delivered on-demand, Ariba Spend Visibility provides a three-dimensional view into spend, enabling companies to make more strategic sourcing decisions. Commodity classifications yield internal visibility, supplier enrichment enables comprehensive supplier visibility and sourcing market knowledge and benchmarks provide market visibility.
More than 200 companies currently use Ariba’s spend visibility solution to find and lock-in savings, including: AstraZeneca, Del Monte Foods, H&R Block, Inc., JLG Industries, Inc., Johns Manville Corporation, Nestlé USA, Inc., PPG Industries, Inc., Tyco International, Zurich Financial Services, and many others. To learn more about the offering and how your organization can leverage it to improve profits, reduce risk and gain competitive advantage, visit: www.ariba.com/go/visibility
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 software, 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 on 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
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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 (Media)
kmaster@ariba.com
