Ariba Announces General Availability of New Enterprise Spend Management Solutions; Category-Specific Spend Management Solutions Drive Savings in New Areas.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--June 7, 2004 Ariba, Inc. (Nasdaq:ARBA), the leading Enterprise Spend Management (ESM (1) (Enterprise Storage Management) Managing the online, nearline and offline storage within a large organization. It includes analysis of storage requirements as well as making routine copies of files and databases for backup, archiving, disaster recovery, ) solutions provider, today announced general availability of three new Ariba(R) Spend Management(TM) solutions and multiple solution upgrades. The new Ariba(R) Category Procurement(TM), Ariba(R) Contract Workbench(TM) and Ariba(R) Settlement(TM) solutions, as well as numerous upgrades to the Ariba Procurement and Ariba Strategic Sourcing solutions, serve to expand capabilities throughout the spend management process and accelerate bottom-line results, enabling customers to drive spend management across more spend categories, departments, locations and commodities than ever before. Today's procurement departments control only a percentage of an entire organization's spending. In most cases, spend decisions are made at the department or end-user level, independent of the procurement department's influence. This "front line" spending in every large enterprise represents a significant opportunity for procurement departments looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to manage spend across an entire organization. The new Ariba products and upgrades are designed to enable customers to capture and manage more than 80 percent of total spend across the organization. "These products are integral to the advancement of Ariba's spend management platform, as well as the Enterprise Spend Management industry as a whole," said Michael Schmitt, executive vice president and chief marketing officer at Ariba. "While designing the new procurement and sourcing solutions, we paid close attention to our customers' demands for a closed-loop process with category-specific tools that could allow them to manage more complex categories of spend. Thanks to the dedication of the Ariba engineering team, we have been able to quickly bring these innovative solutions to market, offering our customers new capabilities that enable them to achieve fast, sustainable bottom-line savings across numerous categories of spend." New Products -- Driving Spend Management to the Front Lines Ariba's three newest solutions available today in the Enterprise Spend Management suite include: Ariba(R) Category Procurement(TM), Ariba(R) Contract Workbench(TM) and Ariba(R) Settlement(TM). Ariba(R) Category Procurement(TM) Ariba Category Procurement is a new solution for managing complex spend categories and bringing spend management to the front lines of the business. This solution enables companies to capture all of their spend including a broad range of complex categories such as time based, project based, third party, and catalog. Ariba Category Procurement enables multiple purchasing processes Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements , pricing mechanisms, and payment methods to capture and manage requirements in all complex spend categories. Ariba(R) Contract Workbench(TM) Expanding Ariba's footprint to enable complete automation of the contract lifecycle, Ariba Contract Workbench reduces cycle times for contract creation, enhances collaboration with internal and external stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. , centralizes contract visibility and drives standard contract language and best practices across the organization. Ariba(R) Settlement(TM) Ariba Settlement is an integrated spend management solution to help customers manage and pay approved invoices. The new application assists with payment terms and discount handling, payment schedule, status visibility and electronic disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. on the Ariba(R) Supplier Network(TM), payment remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. advice routing and visibility, payment scheduling, forecast and discount analysis and vendor self service and payment profile synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. . Ariba Strategic Sourcing Solutions and Procurement Solutions Gain Functionality The upgraded Ariba Strategic Sourcing Solution includes: Ariba(R) Analysis(TM)3.0, Ariba(R) Category Management(TM)2.0, Ariba(R) Enterprise Sourcing(TM)4.2, Ariba(R) Contract Workbench(TM)3.0, and Ariba(R) Supplier Performance Management(TM)2.0. These new and upgraded solutions offer customer-driven enhancements across all modules. Ariba has broadened the reach of sourcing activities by integrating public solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual capabilities on the Ariba Supplier Network and focusing on the contract authoring process to ensure customers can easily close the compliance loop once suppliers have been selected. The upgraded Ariba Procurement solution includes: Ariba(R) Buyer(TM)8.2, Ariba(R) Category Procurement(TM)3.0, Ariba(R) Contract Workbench(TM)3.0, Ariba(R) Contract Compliance(TM)3.0, Ariba(R) Travel and Expense(TM)8.2, Ariba(R) Invoice(TM)3.0, and Ariba(R) Settlement(TM)1.0. The new functionality significantly enhances the user experience while increasing savings and operational efficiencies. About Ariba, Inc. Ariba, Inc. is the leading Enterprise Spend Management (ESM) solutions provider. Ariba helps companies develop and leverage spend management as a core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Ariba and the Ariba logo are registered trademarks of Ariba, Inc. Ariba Spend Management, Ariba Analysis, Ariba Buyer, Ariba Category Management, Ariba Contracts, Ariba Travel & Expense, Ariba Workforce, Ariba Invoice, Ariba eForms, Ariba Enterprise Sourcing, Ariba Supplier Network, BPM Services, Power Sourcing, Total Spend Capture and PO-Flip are trademarks or service marks of Ariba, Inc. All other trademarks are property of their respective owners. Ariba Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 its current expectations include, but are not limited to: 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 ability to attract and retain qualified employees; difficulties in assimilating as·sim·i·late v. as·sim·i·lat·ed, as·sim·i·lat·ing, as·sim·i·lates v.tr. 1. Physiology a. To consume and incorporate (nutrients) into the body after digestion. b. acquired companies; the impact of recent workforce reductions on Ariba's operations; lengthening lengthening (lengkˑ·the·ning), n the use of various massage or muscle energy techniques to relax and stretch muscle and connective tissue. sales cycles and the deferrals of anticipated orders; declining economic conditions, including a recession; inability to control costs; changes in the company's pricing or compensation policies; inability to successfully manage a reduction in the company's workforce; significant fluctuations in our stock price; the outcome of legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the restatement Restatement A revision in a company's earlier financial statements. Notes: The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error. of our financial statements; the possibility that stockholders or regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities may initiate additional proceedings against Ariba and/or our officers and directors as a result of the restatements; the impact of acquiring Alliente and Softface and entering into an agreement to acquire FreeMarkets, including the disruption or loss of customer, business partner, supplier or employee relationships; the level of costs and expenses incurred by Ariba as a result of such transactions; and the level of professional fees and expenses incurred by Ariba in connection with its previously disclosed accounting review and associated regulatory and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. proceedings. 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 Form 10-Q See 10-Q. filed May 17, 2004 and in its Form S-4 filed May 13, 2004. |
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