Ariba, Inc. (Nasdaq:ARBA), the world’s business commerce
network, today announced the latest addition to its blue-chip
roster of speakers set to take the stage at Ariba LIVE 2012, the
business commerce event of the year which will be held April 10-12
at Caesar’s Palace in Las Vegas. On Wednesday, April 11, Ann Oka,
Sr. Vice President Supply Management, Sodexo Inc. and Tony Tocco,
CIO, IS&T, Sodexo Inc. will take center stage to share the
story of their successful implementation of The Market Connection,
a revolutionary procurement system powered by Ariba.
Sodexo is a leading provider of Quality of Daily Life Solutions
to business, government, health care and educational organizations.
Partnering with Ariba, Sodexo sought a transformative procurement
solution that provided complete transparency to manage spend
throughout the entire supply chain.
“Supply chain transformation takes more than just good ideas. It
requires a solid strategy and tight alignment between business and
IT leaders,” said Oka. During their presentation, Oka and Tocco
will outline how they were able to tame the challenges of
implementing a complex supply chain procurement application. This
was accomplished through a combination of innovative supply network
vision, well-aligned execution and collaborative partnership
between Procurement and IT.
“From day one, there was a real sense of trust and respect for
what everyone brought to the table. That made collaborating easy
because people felt valued for what they knew,” said Tocco. “With
collaboration, you’re able to explore alternatives so you get to
the best answer. As a result, we were able to develop The Market
Connection – a company-wide e-procurement system which is a
mission-critical system for an organization as large and far
reaching as Sodexo.”
Powered by Ariba® Procure-to-Pay™,Sodexo created a revolutionary
e-procurement system that allows it to efficiently track and manage
orders and spend across more than 5,700 business units. Known as
The Market Connection, the system is the first of its kind in the
foodservice industry and enables Sodexo to drive a best-in-class
procure-to-pay process. Through The Market Connection, Sodexo is
driving savings and efficiencies that positively impact Sodexo, the
clients they serve and the manufacturer and distributor
partnerships they maintain.
The heart of Ariba’s Procurement solution, Ariba Procure-To-Pay
combines the functionality of Ariba Buyer™, Ariba Invoice™, Ariba
Settlement™ and Ariba Analysis™ in a single, integrated solution to
help companies automate, improve, control and monitor procurement
to realize immediate process efficiencies and cost savings.
The technology is used to support all procurement activity
across Sodexo’s foodservice business and is the second most-used
application within the company. More than $3.8 billion in spend and
over 2.2 million orders have been processed through The Market
Connection which is used by over 12,000 enabled users.
Approximately 10,000 invoices are processed through The Market
Connection daily Monday - Saturday.
“Three years ago, Sodexo made a bold move to completely automate
procurement,” said Tim Minahan, Chief Marketing Officer, Ariba.
“With thousands of buyers and transactions, it was a daunting task.
But by implementing an innovative set of technology-based tools to
manage its procure-to-order process, Sodexo has succeeded.”
About Sodexo in North America
Sodexo, Inc. (www.sodexoUSA.com), leading Quality of Daily Life
Solutions company in the U.S., Canada, and Mexico, delivers On-site
Service Solutions in Corporate, Education, Health Care, Government,
and Remote Site segments, as well as Motivation Solutions such as
Esteem Pass. Sodexo, Inc., headquartered in Gaithersburg, Md.,
funds all administrative costs for the Sodexo Foundation
(www.SodexoFoundation.org), an independent charitable organization
that, since its founding in 1999, has made more than $17 million in
grants to fight hunger in America. Visit the corporate blog at
www.sodexoUSA.com/blog.
Sodexo, world leader in Quality of Daily Life
Solutions
Quality of Life plays an important role in the progress of
individuals and the performance of organizations. Based on this
conviction, Sodexo acts as a partner for companies and institutions
that place a premium on performance and employee well-being, as it
has since Pierre Bellon founded the company in 1966. Sharing the
same passion for service, Sodexo's 413,000 employees in 80
countries design, manage and deliver an unrivaled array of Quality
of Life Services. Sodexo has created a new form of service business
that contributes to the fulfillment of its employees and the
economic, social and environmental development of the communities,
regions and countries in which it operates.
About Ariba, Inc.
Ariba, Inc. is the world’s business commerce network. Ariba
combines industry-leading cloud-based applications with the world's
largest web-based trading community to help companies discover and
collaborate with a global network of partners. Using the Ariba®
Network, businesses of all sizes can connect to their trading
partners anywhere, at any time from any application or device to
buy, sell and manage their cash more efficiently and effectively
than ever before. Companies around the world use the Ariba Network
to simplify inter-enterprise commerce and enhance the results that
they deliver. Join them at: www.ariba.com
Copyright © 1996 – 2012 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-Q filed with the SEC on February 7, 2012.
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