Ariba, Inc. (Nasdaq: ARBA), the leading provider of
collaborative business commerce solutions, today announced that it
has expanded its relationship with the NSG Group, one of the
world’s largest manufacturers of glass and glazing products. Under
the terms of a new agreement, the NSG Group will tap into the
comprehensive range of financial solutions available in the Ariba®
Commerce Cloud, to transform its invoice and payment processes and
optimize its cash flow and operations. The NSG Group has been using
Ariba as the platform for managing its business commerce activities
since 2006 and has already implemented Ariba Sourcing™, Ariba
Contract Management™, Ariba Supplier Information and Performance
Management™ and Ariba Savings & Pipeline Tracking™.
“In today’s economy, cash is king. But managing it is a
challenge,” said Tom Rae, CPO, NSG Group. “To be successful
requires visibility and control, and Ariba’s solutions provide us
with technology and processes that will enable us to gain
both.”
The NSG Group will implement Ariba’s financial solutions across
its global operations to enhance the efficiency and effectiveness
of its accounts payable function. Among the solutions the company
will use: Ariba Invoice Automation™, Ariba Purchase Order
Automation™ and Ariba Discount Management™.
“Continuing economic uncertainty has forced companies to focus
on managing capital to an unprecedented degree,” said Peter Lugli,
Senior Director, Working Capital Management and Business
Development, Ariba. “With Ariba, the NSG Group has access to
everything that’s needed to develop a fully automated and
integrated cash management strategy that delivers bottom-line
results – and to adapt this strategy as market and business
conditions change.”
Through powerful automation, workflow management, real-time
reporting, and cash flow management tools, Ariba’s financial
solutions provide companies with technology, capabilities and a
community they can leverage to:
- Improve visibility and control
across global operations
- Reduce transaction and business
costs
- Mitigate risk and fraud
- Achieve organizational
efficiency and effectiveness
- Comply with corporate and
regulatory requirements
- Effectively benchmark and
measure performance
“In good times, making the most of day-to-day operating cash is
prudent. In uncertain periods, it’s critical,” Lugli added. “With
Ariba’s financial solutions, companies can not only make their cash
work harder, but smarter.”
About the NSG GroupThe NSG Group acquired UK-based
Pilkington plc in 2006 and is now one of the world's largest
manufacturers of glass and glazing products for the automotive,
construction and specialty glass sectors. The Group reported sales
equivalent to Euros €4.7 billion in the fiscal year ended 31
March 2010. Worldwide, the NSG Group operates or has interest in,
49 float plants and employs around 28,500 employees worldwide. It
has manufacturing operations in 28 countries on four continents and
sales in more than 130 countries. The Float process, invented by
Sir Alastair Pilkington in 1952 is now the world standard for high
quality glass manufacture. The NSG Group supplies
Pilkington-branded products in the automotive and construction
sectors, including the world's first self-cleaning glass -
Pilkington Activ™. For more information visit: www.nsg.com
About Ariba, Inc.Ariba, Inc. is the leading provider of
collaborative business commerce solutions. Ariba enables more
efficient and effective buying, selling, and cash management by
combining industry-leading software as a service (SaaS) commerce
technology with the world's largest web-based global trading
community and expert capabilities and services to augment internal
resources and skills – all as a flexible, cloud-based service.
The Ariba® Commerce Cloud™ delivers everything needed to
control costs, increase sales, minimize risk, and enhance cash flow
and operations. More than 300,000 companies, including over 80
percent of the Fortune 100, use Ariba’s solutions to drive more
efficient and effective inter-enterprise commerce. Why not join
them? For more information on Ariba commerce solutions and the
results they deliver, visit www.ariba.com
Copyright © 1996 – 2010 Ariba, Inc.Ariba, the Ariba logo, Ariba
LIVE, 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 HarborSafe 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, 2010.
Ariba (NASDAQ:ARBA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Ariba (NASDAQ:ARBA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
