It is the oldest bank in the world, but when it comes to
procurement, Banca Monte dei Paschi di Siena (MPS) is on the
cutting edge. Ariba, Inc. (Nasdaq: ARBA), the leading spend
management solutions provider, today announced that MPS, the
third-largest bank in Italy, has implemented its on-demand
offerings to drive an efficient procurement process through which
it can effectively manage its spend from end to end.
“To maintain our advantage in today’s increasingly complex and
competitive banking environment, we must find innovative ways to
reduce our costs and streamline our procurement process while
continuing to provide the highest levels of service to our
customers,” said Luca Guzzabocca, Director of Procurement,
Logistics, HSE and Security of MPS. “Ariba’s on-demand offerings
provide us with market-leading technology and expert capabilities
that we can access as we need them to effectively control our
costs, minimize risk and improve our cash flow and operations.”
MPS has implemented a comprehensive range of Ariba’s on-demand
solutions to drive its spend management goals, including: Ariba®
Sourcing™, Ariba Contract Management™, Ariba Spend Visibility™,
Ariba Supplier Information Management™, Ariba Supplier Performance
Management ™ and supporting services.
“Using an integrated solution like Ariba allows us to
consolidate information from many systems to gain better visibility
into our global spend so that we can increase our negotiating
leverage, make more informed sourcing decisions and boost our
sustainable procurement program,” Guzzabocca said. “And because it
is delivered on-demand, we don’t need any infrastructure or
resources to support it and can quickly deliver results.”
"MPS has established itself as a leader in a highly competitive
global banking sector through its deep commitment to applying
innovative technologies and processes to enhance the efficiency of
its procurement process," said Mike Arenth, General Manager, EMEA,
Ariba. “With Ariba as the platform for its spend management
initiatives, MPS has access to all of the tools it needs to
optimize its performance and deliver bottom-line results.”
About MPS
Founded in 1472, Banca Monte dei Paschi di Siena is the world’s
oldest bank. The leader of the Montepaschi Group, Banca Monte dei
Paschi di Siena operates, also through its subsidiaries, in the
various segments of banking and finance, from traditional banking
to special forms of credit, to asset management, insurance, and
investment banking. Since 1999 MPS stock is listed on the Italian
stock exchange, where it is part of the SP-Mib 40 Index.
www.mps.it
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 – 2010 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 5, 2010.
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