Ariba, Inc. (Nasdaq:ARBA), the leading spend management
solutions provider, today announced that it has again been
recognized as one of the world�s best supply chain finance
solutions. As part of Global Finance Magazine�s 2009 Best Supply
Chain Providers awards, Ariba has been named Best Global Supplier
Support and Enrollment Provider for the second time in two years.
Ariba was selected by Global Finance editors with input from
industry analysts, corporate executives and technology experts on
the basis of its market share and global coverage, product
innovation, customer service, technology, execution skills and
client-specific implementations.
�In these credit-challenged times businesses are increasingly
looking for solutions to help them manage their working capital
more efficiently�and that includes leveraging their own credit
rating to extend financing to suppliers that would not be otherwise
able to obtain low-cost funding. While large multinationals are
looking to extend their Days Payables Outstanding, now more than
ever they realize they cannot afford to squeeze their suppliers out
of business. And while a year ago supply chain financing was
something banks mostly talked about, corporates are now demanding
it in order to keep their supply chains ticking over,� said Joseph
Giarraputo, publisher and editorial director of Global Finance.
�The 2009 World�s Best Supply Chain Finance Providers awards
recognize those providers and customer implementations that deliver
real cost benefits, savings and efficiencies for buyers and their
global networks of suppliers.�
Ariba offers a comprehensive range of working capital 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.
Delivered on-demand via the Ariba Supplier Network�, the solutions
include Ariba� Invoice Automation�, which allows companies to
generate accounts payable efficiencies that translate into
bottom-line savings by reducing the paper, data entry and time
involved in processing invoices and payments; and Ariba Discount
Management�, which companies can leverage to offer early payments
to key suppliers in exchange for discounts off the face value of
invoices.
�At Ariba, we are focused on enabling entire supply chains to
optimize their capital, accomplish more with less, and not merely
survive the tough economic times, but thrive in them,� said Drew
Hofler, Senior Manager, Financial Solutions, Ariba. �With our
solutions in place, companies have all of the tools necessary to
reduce risk, lower capital costs and preserve its competitive
advantage.�
Over 1,000 companies worldwide, including more than half of the
Fortune 100, rely on Ariba to reduce costs, improve profits and
increase competitive advantage. To learn more about Ariba�s
solutions and the results they can deliver, 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 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 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
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.
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