In the new world of normal, pressure to control costs, minimize
risk and improve market share continues. To meet these demands,
companies of all sizes are looking to a new breed of solutions that
deliver the technology, capabilities and community needed to
simplify business commerce and drive results. And KONE Corporation,
a global leader providing elevator, escalator and automatic door
solutions, is among them. Ariba, Inc. (Nasdaq: ARBA), the leading
provider of collaborative business commerce solutions, today
announced that KONE is using the Ariba® Commerce Cloud as the
platform for a strategic initiative designed to reduce costs and
improve competitive advantage.
“KONE is aggressively pursuing strategies to effectively manage
our cost base in order to continue growing profitably, delivering
innovative solutions to our customers and taking advantage of our
improved position in the post-recession environment,” said Marc
Magistrali, Senior Vice President Sourcing & Procurement (CPO).
“With the Ariba Commerce Cloud, we can consolidate information from
many systems to gain better visibility into our global spend so
that we can increase our negotiating leverage and make more
informed business decisions that positively impact our
performance.”
A unique web-based platform that enables companies to buy, sell
and manage cash more efficiently and effectively than ever before,
the Ariba Commerce Cloud provides companies with everything needed
to manage collaborative inter-enterprise commerce, including
market-leading technology, expert skills and capabilities and the
world’s largest global trading community.
Within the cloud, KONE will leverage a comprehensive range of
Ariba solutions, including Ariba Sourcing™ and Ariba Spend
Visibility™, Ariba Contract Management™, Ariba Supplier Information
Management™, Ariba Supplier Performance Management™ and Ariba
Pipeline and Savings Tracking™.
Combining the technology, expertise and services needed to
create effective markets for a wide range of direct materials and
indirect goods and services with best practice processes, Ariba
Sourcing will enable KONE to leverage its global spend to more
effectively negotiate best value contracts for a wide range of
goods and services. With Ariba Contract Management, KONE can
collaboratively create and manage contracts in an automated manner
across categories and functions, including sales, finance,
marketing, real estate, legal, procurement and IT and drive
compliance with agreements on an enterprise-wide basis to ensure
that savings negotiated actually reach the bottom line.
With Ariba Spend Visibility, KONE can consolidate information
that is currently spread across multiple systems and gain rapid
access to meaningful intelligence regarding spend, supplier
performance and procurement processes across all categories,
systems and divisions. Using Ariba Supplier Information Management
and its powerful workflow and integration capabilities, the company
can quickly discover, assess, and on board new supply partners,
ensure their information is accurate and up-to-date and continually
measure and improve their performance. Through Ariba Supplier
Performance Management, KONE can identify new sources of supply,
manage suppliers' key performance indicators, evaluating its supply
base from a 360 degree perspective, and programmatically
drive corrective action to ensure the highest level of supplier
performance. And with Ariba Pipeline and Savings Tracking, the
company can establish a pipeline of savings activities and gain
timely and accurate visibility into existing savings initiatives to
effectively measure the impact of their sourcing programs.
"KONE has established itself as a leader in a highly competitive
global industry through its deep commitment to applying innovative
technologies and processes to enhance both its products and the
efficiency of its operations," said Henrik Smedberg, Ariba Nordics.
“In using the Ariba Commerce Cloud as the platform for managing its
commerce activities, KONE can remove the complexity around doing
business and accelerate the results that it delivers.”
About KONE
KONE is global leader providing elevators & escalators,
innovative maintenance and modernization solutions and automatic
building doors. KONE's objective is to deliver the best People
Flow™ experience by developing and delivering solutions that enable
people to move smoothly, safely, comfortably and without waiting in
buildings in an increasingly urbanizing environment. In 2009, KONE
had annual net sales of EUR 4.7 billion and approximately 34,000
employees. KONE is listed on the NASDAQ OMX Helsinki Ltd in
Finland. Founded in 1910, KONE celebrates its centennial
anniversary in 2010.
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 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 impact of any
acquisitions or dispositions; 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 5, 2010.
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