Ariba Named Best Electronic Invoice Presentment and Payment Services Provider
07 April 2009 - 2:30PM
Business Wire
Ariba, Inc. (Nasdaq:ARBA), the leading spend management
solutions provider, today announced that it has, for the third time
in three years, been recognized as �Best Electronic Invoice
Presentment and Payment Services Provider� by Global Finance
Magazine. Ariba was selected on the basis of its profitability,
market share, global reach, product innovation and customer
service.
�In today�s competitive global economic environment, treasurers
need the best tools and advice available to make capital work
harder than ever,� said Global Finance Magazine publisher Joseph D.
Giarraputo. �Our awards identify providers of solutions that
consistently improve transaction processes to speed collections,
reduce risks and help finance executives achieve their strategic
goals.�
Ariba provides a comprehensive range of on-demand spend
management solutions that enable large and growing enterprises to
develop and implement a highly integrated cash management strategy
while improving the efficiency of the entire procure-to-pay cycle.
Ariba�s Invoice Professional� On-Demand solution and the Ariba
Supplier Network� effectively enable companies to optimize their
invoicing and reconciliation processes to achieve straight through
processing and generate measurable and sustainable results,
including:
- Reduction of paper invoicing
volume by more than 60 percent;
- Decrease in PO-Invoice error
rates by over 50 percent;
- Trimming of invoice &
payment cycle times by 75 percent;
- Capture of negotiated and
early-pay discounts otherwise lost to manual processes; and
- Bulk enablement of several
thousand suppliers in months rather than years.
�Research suggests that the average organization loses $15
million per year for every $1 billion in spend from inefficient A/P
processes. In today�s economic environment, it is critical that
organizations stem these losses,� said Drew Hofler, Senior Manager,
Financial Solutions, Ariba. �With Ariba�s Invoice and Payment
solutions, companies can streamline and enhance the Accounts
Payable function and deliver immediate, measurable and sustainable
results.�
For more information on Ariba Invoice and Payment solutions and
the results they are delivering for companies around the world,
please 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 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.
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,
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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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