Many companies have implemented technologies to streamline the
procurement process. But when it comes to driving compliance, most
fall short. As a result, more than half of savings identified never
materialize. To ensure that no money is left on its table, Rentokil
Initial (FTSE: RTO), one of the largest business services companies
in the world, is leveraging software from Ariba, Inc. (NASDAQ:
ARBA), the leading provider of collaborative business commerce
solutions, to create and enforce an efficient, cost-effective and
transparent procurement process across its operations.
“Ariba provides us with a single, automated solution we can use
to establish appropriate checks and balances around procurement and
ensure that the savings we negotiate make their way to the bottom
line,” said Damon Jones, Chief Purchasing Officer of Rentokil
Initial. “We plan to roll out Ariba functionality to all divisions
during the course of 2011.”
Under the terms of its agreement with Ariba, Rentokil Initial
will implement Ariba® Procure-to-Pay™ to drive a best-practice
procurement process through which it can:
- Maximize its purchasing leverage
through compliance to contracts
- Ensure that spend is authorized prior
to commitment
- Reduce and control the risk of error,
abuse and fraud
- Provide a clear understanding of
commitments and liabilities
A unique software solution delivered as a service through the
Ariba Commerce Cloud, Ariba Procure-to-Pay provides companies with
all of the tools necessary to dynamically manage suppliers,
processes, budgets, approvals and payments on a global basis.
Rentokil Initial will also leverage Ariba Supplier Information
Management™ and Ariba Supplier Performance Management™ to more
efficiently manage its trading relationships. Using the
applications, the company will create and maintain a master
supplier file with consistent, complete and accurate data.
“Few functions are more dynamic than procurement. Yet many
companies continue to rely on manual methods and
infrastructure-heavy solutions to manage it,” said John Lark,
Senior Product Marketing Manager, Ariba. “In embracing Ariba’s
cloud-based offerings, Rentokil Initial can remain agile, dialing
up the resources it needs as it needs them to standardize
purchasing and drive compliance across its processes, terms and
relationships.”
About Rentokil Initial plc
Rentokil Initial is one of the largest business services
companies in the world, operating in all the major economies of
Europe, North America, Asia Pacific and Africa. The company has
some 68,000 employees providing a range of support services in over
50 countries. Services include textiles and washroom services, pest
control, tropical plants, parcels delivery and facilities
services.
www.rentokil-initial.com
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business
commerce solutions. Ariba combines industry-leading technology with
the world's largest web-based trading community to help companies
discover, connect and collaborate with a global network of partners
– all in a cloud-based environment. Using the Ariba® Commerce
Cloud, businesses of all sizes can buy, sell and manage cash more
efficiently and effectively. Over 340,000 companies around the
globe use the Ariba Commerce Cloud to simplify inter-enterprise
commerce and enhance results. Why not join them? To get on the path
to Better Commerce visit: www.ariba.com/commercecloud/
Copyright © 1996 – 2011 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE, 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, including difficulties with the integration process
or the realization of benefits of a transaction; the impact of our
disposition, including the potential disruption of our ongoing
business; the ability to attract and retain qualified employees;
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 and dispositions,
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-K filed with the SEC on November 23, 2010.
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