Ariba, Inc. (Nasdaq:ARBA), the leading spend and contract
management solutions provider, and DocuSign Inc., the leading
provider of on-demand electronic signature and electronic contract
execution solutions, today announced that they have joined forces
to set a new standard for contract execution. Under the terms of a
newly-signed agreement, Ariba will embed DocuSign�s electronic
signature capabilities within its market-leading contract
management offering to provide customers with a complete on-demand
solution for automating the entire contract lifecycle. Using the
solution, companies can execute electronic contracts more quickly,
efficiently and cost-effectively than ever before.
�In today�s tight economy, efficient and auditable contracting
is critical to maximize revenues and mitigate risks,� said Dan
Reid, senior product manager, Ariba. �In teaming with DocuSign,
Ariba can provide the first complete and global solution for
achieving these goals.�
With robust buy and sell-side capabilities, Ariba� Contract
Management� enables companies to collaboratively create and manage
contracts in an automated manner across categories and functions,
including sales, finance, marketing, real estate, legal,
procurement and IT and drive compliance with agreements on an
enterprise-wide basis.
However, global organizations still mail, ship or overnight
express millions of documents for signature every day, relying on a
slow, expensive and inherently insecure paper-based process. By
integrating DocuSign�s electronic signature and contract execution
workflow capabilities, Ariba customers can eliminate the antiquated
�print-ship-sign-copy-return-scan" cycle and:
- Lower Contract Execution
Costs up to 90% � By eliminating the need to process and store
paper agreements, companies can dramatically reduce operating
costs.
- Reduce Contract Cycles from
Days to Minutes � Leveraging an automated contract lifecycle
process, companies can cut contract cycle times and speed time to
revenue.
- Increase Visibility and
Control � Manual processes often make it difficult to track and
manage documents. With Ariba Contract Management and DocuSign
electronic signatures, companies can gain clear visibility into the
status of contracts throughout the lifecycle.
- Improve Security and
Compliance � With electronic agreement execution, companies can
significantly reduce the risks and costs of signing errors and
improve the security and compliance of document transfers.
"Corporations are clearly focused on three critical and
essential activities: cutting costs, securing revenue, and
retaining customers. Our customers tell us daily they have slashed
operating costs, raised revenues, and improved customer retention
by closing contracts electronically," said Tom Gonser, founder and
vice president of product strategy at DocuSign. "We are excited to
be working with Ariba to provide a revolutionary offering that
delivers the strategic benefits of online contract execution to
their customers."
To learn more about Ariba�s Contract Management solutions and
the benefits they can deliver, visit:
www.ariba.com/go/contracts.
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 500, use
Ariba solutions to manage their spend from sourcing and orders
through invoicing and payment. For more information, visit
www.ariba.com
About DocuSign
DocuSign Inc. is the #1 provider of on-demand software services
for electronic signature and electronic contract execution,
empowering individuals, small business and global enterprises to
operate faster, more efficiently and profitably with enhanced
security and compliance. DocuSign is the only Web-based service to
fully automate the entire contract execution process. To date, more
than 22 million signature events have been executed using DocuSign.
Experience the service at www.docusign.com, and for regular updates
go to blog.docusign.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 February 6, 2009.
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