Why is it so easy for consumers to pay bills online and on time,
and so hard for businesses to do the same? Because when it comes to
invoice processing, manual methods rule. More than 85 percent of
all invoices and payments are still sent on paper. Ariba, Inc.
(NASDAQ: ARBA), the leading provider of collaborative business
commerce solutions, is out to change this. Through market-leading
PO-Flip® service functionality in its Ariba Invoice Management™
solution, Ariba enables companies to match and process invoices
more quickly and efficiently than ever before. Delivered as part of
the Ariba® Commerce Cloud, Ariba Invoice Management arms companies
with the tools necessary to drive a completely automated,
error-free invoice matching process, leading to faster approvals
and payments, and ultimately, more effective management of working
capital.
“Companies spend inordinate amounts of time and effort
processing paper invoices, matching them with contracts and
tracking purchase orders, yet they can still see only so far into
invoice processes, leaving them exposed to risks such as overlooked
billing discrepancies, missed discounts and overpayments,” said Joe
Fox, Senior Director, Financial and Network Solutions, Ariba.
“Ariba Invoice Management is designed to help companies eliminate
these risks and deliver the perfect payable.”
Ariba Invoice Management provides everything that’s needed for
buyers and sellers to develop and execute an efficient, effective
electronic invoicing process, including:
- Technology -
Market-leading applications to drive a completely paperless invoice
process - delivered as scalable, cost-effective and burden-free
cloud-based services
- Community: Ariba Network,
the world’s largest global trading community with more than 300,000
buyers and suppliers to drive greater collaboration, and Ariba
Exchange, an online community of peers and thought leaders for
sharing insights and best practices
- Capabilities: Expertise
and skills to fuel more efficient and effective global invoicing,
including smart invoice validation against more than 60 business
rules; VAT and global compliance; account coding; 2-, 3-, and 4-way
matching; routing and approval; reporting and analytics; and
invoice processing via a supplier portal, EDI, cXML, CSV, and paper
conversion services
With Ariba Invoice Management, buyers and sellers can:
- Collaborate more effectively via
the Ariba Network
- Reduce operating costs by 70
percent
- Enable 98 percent touchless
processing
- Eliminate exceptions and
simplify dispute resolution
- Speed straight through
processing rates
- Support global e-invoice
operations in more than 70 currencies
- Improve cash flow
management
Leveraging the PO-Flip service functionality in Ariba Invoice
Management, companies can automatically convert electronic purchase
orders into electronic invoices that are error free and an exact
match to the purchase orders.
“The ability to simply convert an electronic purchase order into
an invoice with a click of the mouse is a great feature of Ariba,”
said Joy Stoelting, studio manager, Big-Giant of Portland, OR.
“With paper invoices, it can take weeks or months to get paid. When
we use Ariba for submitting electronic invoices, we always receive
prompt payment. In addition, I always know when we will get paid,
which is a great help in forecasting cash flow.”
To learn more about the Ariba’s Invoice and Payment solutions
and the benefits they can deliver for your organization, visit
www.ariba.com.
About Ariba, Inc.Ariba, Inc. is the leading provider of
collaborative business commerce solutions. Ariba combines
industry-leading software as a service (SaaS) technology to
optimize the complete commerce lifecycle with the world's largest
web-based community to discover, connect and collaborate with a
global network of trading partners and expert capabilities to
augment internal resources and skills, delivering everything needed
to control costs, minimize risk, improve profits and enhance cash
flow and operations – all in a cloud-based environment. Whether
you’re buying, selling or managing cash, you can do it more
efficiently and effectively in the Ariba® Commerce Cloud. Over
300,000 companies, including more than 80 percent of the Fortune
500, use Ariba’s solutions to drive more efficient 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,
AribaLIVE, SupplyWatch, Ariba.com, Ariba.com Network, Ariba Spend
Management. Find it. Get it. Keep it. and PO-Flip are registered
trademarks of Ariba, Inc. Ariba Procure-to-Pay, Ariba Buyer, Ariba
eForms, Ariba PunchOut, Ariba Services Procurement, Ariba Travel
and Expense, Ariba Procure-to-Order, Ariba Procurement Content,
Ariba Sourcing, Ariba Savings and Pipeline Tracking, Ariba Category
Management, Ariba Category Playbooks, Ariba StartSourcing, Ariba
Spend Visibility, Ariba Analysis, Ariba Data Enrichment, Ariba
Contract Management, Ariba Contract Compliance, Ariba Electronic
Signatures, Ariba StartContracts, Ariba Invoice Management, Ariba
Payment Management, Ariba Working Capital Management, Ariba
Settlement, Ariba Supplier Information and Performance Management,
Ariba Supplier Information Management, Ariba Discovery, Ariba
Invoice Automation, Ariba PO Automation, Ariba Express Content,
Ariba Ready, and Ariba LIVE 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.
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