Ariba Expands Capabilities of Ariba Supplier Network.Advanced Discount Management and RFX RFX Receiver/Fixture Interface RFX Royal Foreign Exchange (Royal Bank of Canada) RFx Request for Information, Proposal or Quotation RFX Tactical Experimental Reconnaissance Aircraft RFX Record Field Exchange Functionality in Latest Version of Leading on-Demand Trading Platform Drives Greater Collaboration and Supply Chain Value SUNNYVALE, Calif. -- Ariba, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced the release of Ariba Supplier Network([TM]) 44, the latest version of its industry-leading on-demand business collaboration platform An emerging category of computer software, collaboration platforms are unified electronic platforms that support synchronous and asynchronous communication through a variety of devices and channels. . Building on the robust capabilities of previous versions, the release features advanced discount management and RFX functionality that enables buyers and suppliers to enhance their business by better managing trading relationships and working capital. "More than simply managing transactions and costs, successful spend management is about responding quickly to changes in business and market conditions to maximize opportunities for growth," said Bob Shecterle, Vice President, Solutions Marketing, Ariba. "With the advanced features in the latest release of Ariba Supplier Network, buyers and suppliers can take advantage of opportunities to access capital, eliminate risk from their supply chain, lower costs, and ultimately, deliver greater results." Improve Working Capital and Supply Chain Value To remain competitive, companies must continually look for new ways to cut costs and streamline business processes. With Ariba Discount Management([TM]), organizations of all types and sizes can take advantage of a variety of supply chain financing tools that promote cost savings, including purchasing cards A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which , early payment discounts, dynamic discounting and third-party supplier financing. A flexible combination of software, services and analysis delivered via Ariba Supplier Network, Ariba Discount Management enables buyers and suppliers to optimize optimize - optimisation activities throughout the entire procure-to-pay process and realize maximum value from their supply chain. Buyer Benefits * Optimize working capital and boost returns on short-term investments through self-funded early payment discounts * Improve working capital through term extensions with minimal impact on supply base * Increase days payable outstanding through third-party supply chain financing * Minimize supply chain risk through more predictable payments Supplier Benefits * Maximize working capital through early payments * Minimize ambiguity in forecasting through more predictable payments * Leverage buyer's cost of capital * Shorten (audio, compression) Shorten - A form of lossless audio compression. order-to-cash cycle Identify New Trading Partners and Business Opportunities Identifying trading partners and business opportunities can be time consuming and costly, yet nothing is more critical to the success of any business. Through enhanced public RFX functionality embedded Inserted into. See embedded system. in the latest release of Ariba Supplier Network, buyers and suppliers can effectively streamline these tasks and drive process improvements that generate bottom-line results. Robust technology delivered via the network for use with AribaBuyer([TM]) or Ariba Sourcing([TM]), the new functionality alllows buyers to publish RFX documents to a public site enabling registered and unregistered suppliers to respond to them in real time. More than 150,000 suppliers registered on Ariba Supplier Network are automatically notified of events that fit their profile, and unregistered suppliers can quickly and easily search postings by commodity type, geographic location and buyer. Extending the Reach and Value of Spend Management In addition to Ariba Discount Management and Public RFX capabilities, the latest version of Ariba Supplier Network contains a number of other enhancements designed to strengthen collaboration between buyers and suppliers and extend the value of spend management throughout the supply chain, including: * Greater integration with ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems - Buyers can link multiple ERP systems to a single Ariba Supplier Network account to streamline transaction management. * Expanded Electronic Invoice Presentment presentment: see indictment. and Payment (EIPP EIPP Electronic Invoice Payment and Presentment EIPP Electronic Invoice Presentment and Payment ) capabilities - Buyers and suppliers can digitally sign invoices and automatically archive them on a weekly or monthly basis. * Invoice Quick Enablement - Buyers can quickly on-board On board usually means to be traveling on some vehicle. For example, Baby On Board. Compare with overboard. Metaphorically, the term on-board is often used to refer to some piece of technology that is integrated in a moving vehicle, for example: "Spend management involves a community of users that extends beyond buyers and suppliers to include financial organizations and a variety of service providers," Shecterle said. "With the new features we've built into Ariba Supplier Network, we are enabling all of them to participate in the spend management process and realize the benefits that it delivers." Product Availability The latest version of Ariba Supplier Network is available and in use today by buyers and suppliers around the world. About Ariba Supplier Network Ariba Supplier Network is the world's leading business collaboration platform, which combines technology and services to better match buyers and suppliers, automate To turn a set of manual steps into an operation that goes by itself. See automation. transactions and optimize payments. Buyers and suppliers in 115 countries leverage the network to engage in transactions worth more than $95 billion a year and process one purchase order every two seconds. About Ariba, Inc. Ariba, Inc. is the leading provider of spend management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management([TM]) software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com. Copyright [c] 1996 - 2007 Ariba, Inc. Ariba, the Ariba logo, AribaLIVE and SupplyWatch are registered trademarks of Ariba, Inc. Ariba Spend Management, Ariba Spend Management. Find it. Get it. Keep it., Ariba. This is Spend Management, Ariba Solutions Delivery, Ariba Analysis, Ariba Buyer, Ariba Category Management, Ariba Category Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , Ariba Contract Compliance, Ariba Contracts, Ariba Contract Management, Ariba Contract Workbench, Ariba Data Enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. , Ariba eForms, Ariba Electronic Invoice Presentment and Payment, Ariba Invoice, Ariba Sourcing, Ariba Spend Visibility, Ariba Travel and Expense, Ariba Procure-to-Pay, Ariba Workforce, Ariba Supplier Network, Ariba Supplier Connectivity, Ariba Supplier Performance Management, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Settlement, Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager, Ariba LIVE and It's Time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a for Spend Management are trademarks or service marks of Ariba, Inc. Ariba Proprietary and Confidential. All rights reserved. Patents pending. 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; long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions; 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 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. ; the impact of our acquisitions, including the disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. 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 Form 10-Q See 10-Q. filed February 20, 2007. |
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