Leading Insurance Company Shifts to Software as a Service to Lower Costs, Accelerate Results
Ariba, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced that it is taking Aviva, the world’s fifth largest insurance group, on-demand. In an effort to lower costs, accelerate results and speed returns on investment, Aviva has opted to shift from single-tenant hosted versions of Ariba’s software to the multi-tenant on-demand platform.
“Aviva continues to be focused on finding ways in which it can lower operating costs while continuing to provide innovative services to clients worldwide,” said Toby Redshaw, Chief Information Officer, Aviva. “With Ariba’s on-demand spend management solutions, we have access to the latest features and functionality we need to achieve our goals not only today but as we grow with this solution over the next several years."
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.
Under the terms of a newly-signed agreement, Aviva will leverage the on-demand versions of Ariba® Spend Visibility™, Ariba Sourcing™, Ariba Contract Management™ and Ariba Supplier Performance Management™ to drive savings and efficiencies across its operations. Aviva has been using Ariba as the platform for its spend management initiatives since 2006.
Using Ariba Spend Visibility, Aviva can achieve a 360-degree view into spend across categories, divisions and geographies, identify opportunities for savings and optimize information on existing and new suppliers. With Ariba Sourcing, the company can negotiate for goods and services and drive savings to the bottom line. Leveraging Ariba Contract Management, Aviva can manage and drive compliance with global agreements. And through Ariba Supplier Performance Management, the company can discover, assess, and bring on board new supply partners and continuously measure and improve their performance.
“Software as a service has sparked a fundamental shift in the way that companies of all types and sizes purchase and deploy software,” said Mike Arenth, General Manager, EMEA, Ariba. “In transitioning to Ariba’s multi-tenant on-demand platform, Aviva can leverage our shared, Web-based delivery architecture, rapid innovation cycles, and pay-as-you-go, subscription-based pricing model to deliver rapid and sustainable bottom-line results.”
Aviva joins more than 1,000 companies around the world who are using Ariba's solutions to lower costs and increase profits including leading European firms such as: British Airways, BP plc, AXA, Nestle, Telefonica, Unilever, Heineken and GlaxoSmithKline plc among others.
About Aviva
Norwich Union, soon to be Aviva, is the UK's largest general insurer with a market share of around 15%, with a focus on insurance for individuals and small businesses.
It is a leading provider of life, pensions and investment products and one of the largest financial adviser (FA) providers. FAs provide over 70% of the company's long-term savings business in the UK.
In the summer of 2009 Norwich Union will change its name to Aviva. Aviva is the world's fifth largest insurance group and operates in 27 countries. Aviva is to become the customer brand worldwide, thus enabling the company to compete even more effectively on a global scale for the benefit of customers, staff, business partners and shareholders.
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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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
Fiona
Ashby, 0178 448 7104 (UK)
mob: 07919562261
fashby@ariba.com
