Ariba Keeps Cash Flowing During Storm of the Century
03 Februar 2011 - 7:07PM
Business Wire
Another major snowstorm is battering the Eastern half of the
United States, and businesses across the country are feeling its
effects. With roads impassable and air traffic in a literal holding
pattern from the Midwest to the Northeast, many companies are
unable to send and receive payments to key trading partners,
putting a crimp in their finance and accounting operations – and in
some cases, a dent in their bottom line. But for those transacting
business through Ariba, Inc. (Nasdaq: ARBA), the leading provider
of collaborative business commerce solutions, this isn’t a problem.
Leveraging the Ariba® Network™, companies around the world continue
to transmit payments online and on time.
“Our lock boxes are completely snowed under, making it
physically impossible to process manual payments,” said Jim
Frankola, Chief Financial Officer at Yodlee, a provider of online
personal financial management and integrated payments solutions.
“But for our customers on the Ariba Network, it is business as
usual. Using the Network, we have been able to collect payments due
as scheduled.”
Ariba Network is the world’s leading and largest global supply
network, used by more than 340,000 buyers and sellers around the
world to discover, connect and collaborate. Using the invoice and
payment solutions delivered via the Network, companies can:
- Move to a completely paperless invoice
process in 100 days
- Improve visibility into and control
over their cash position
- Reduce the time and costs associated
with handling paper
- Mitigate risk and fraud
- Comply with corporate and regulatory
requirements
- Effectively benchmark and measure
performance
- Deliver supplier value that maximizes
their participation
“The most successful companies are those that can quickly
respond to changes in market, business and economic conditions,”
said Jason Kurtz, Vice President, Network and Financial Solutions,
Ariba. “With the Ariba Network, organizations of all sizes across
industries have a powerful platform through which they can navigate
through unforeseen circumstances that may disrupt commerce and
minimize any negative impact on their operations.”
About YodleeLeading financial institutions trust Yodlee
to power critical online financial applications. Yodlee's personal
financial management, payments, and customer acquisition solutions
unify all personal financial account information to deliver a
simple, centralized and secure source for consumers to manage all
of their financial tasks anytime, anywhere. Yodlee makes financial
institutions' websites essential to their customers and generates
new revenue opportunities. Yodlee's patented data, payments and
risk management utility supports more than 12,000 account sources
and over 120,000 different account types. More than 200 leading
financial institutions and portals today offer Yodlee-powered
solutions to millions of customers worldwide. Yodlee operates in
the United States and Europe and is headquartered in Redwood City,
California. For more information, visit www.yodlee.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 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
impact of any acquisitions, including risks and uncertainties
arising from the possibility that a closing may be delayed or may
not occur and 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;
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 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-Q filed with the SEC on February 3,
2011.
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