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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