Ariba Helps Uncover Hidden Savings
25 August 2009 - 2:30PM
Business Wire
Though the pundits are declaring that the recession is over, the
markets aren’t yet reflecting their optimism. Prices for many key
commodities and the energy used to convert them into finished goods
are at two, three and in some cases, four year lows. So there are
still plenty of savings to be had. On September 1, Ariba, Inc.
(Nasdaq: ARBA), the leading spend management solutions provider,
will outline ways in which buyers can collaborate with their
suppliers to uncover hidden opportunities for savings across
categories and drive them to the bottom line during an interactive
webinar hosted by the Sourcing Interests Group (SIG). The live
session will be held from 2 p.m. ET to 3 p.m. ET.
“During tight times, the tendency for most organizations is to
shore up costs and adopt a myopic approach to conducting business.
Buyers become complacent bystanders as suppliers begin to run into
trouble. Suppliers in turn become less flexible in their
negotiations with buyers, eyeing badly-needed present revenue over
long-term growth. But this is not the way to pull through a
recession,” said Diana Brown, Director, Spend Management Services,
Ariba. “Now, more than ever, buyers and suppliers must work closely
together to share the financial burden of the times, embrace
innovative ways to ensure their mutual health and reduce overall
costs in their supply chain. While there are multiple value
creation levers from joint product development to traditional
sourcing initiatives, one of the most effective ways to do this
over the short-term is through supplier-nominated savings
programs.”
During the September 1 SIG webinar, Brown and her team will
share best practices and success stories around implementing such
programs to drive near-term savings and cash in on the current
market conditions before they fade away.
To register for the event, please visit:
https://www2.gotomeeting.com/register/440831383. For more
information on Ariba’s Spend Management Services and the value they
can deliver, visit: http://www.ariba.com/services/index.cfm.
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,
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Management and Supplier Lifecycle Management are trademarks or
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be trademarks or registered trademarks of their respective
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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 August 7, 2009.
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