Ariba Is Recognized Among Leading Providers in Procurement Business Process Outsourcing.SUNNYVALE, Calif. -- Independent Research Firm Gives Company Particular Mention for Procurement Expertise, Category Knowledge, Shared Services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. Sourcing Capabilities and Global Reach Ariba(R), Inc. (Nasdaq:ARBA), the leading Spend Management solutions provider, today announced that it has been recognized as being among the leading providers in the procurement business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) services market by IDC, a leading provider of IT and BPO services research. In a new report titled "Vendor Needs and Strategies: Procurement BPO Competitive Landscape" (IDC #33947, September 2005), IDC evaluated 12 vendors and recognized Ariba as a strong player with a comprehensive suite of offerings that addresses all segments of the procurement BPO value chain. The company received particular recognition for its capabilities in a number of areas studied by IDC in evaluating vendors, including procurement expertise, category knowledge, shared services sourcing capabilities, and global reach. The report states: --"Ariba is playing in the BPO market on strong footing at a time when diversified IT and business services portfolios are in high demand from customers." --"Overall, the steps taken by Ariba in the BPO market give it an edge over other providers that have experience in other BPO functions (such as HR, IT, and F&A), but are new to and still building category expertise and delivery capabilities (e.g., shared services sourcing) relevant to value creation in procurement outsourcing Procurement Outsourcing is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. ." --"As a procurement services provider, Ariba offers a comprehensive procurement outsourcing portfolio." Ariba's managed procurement services help companies reduce total spending in non-core spend categories and processes. Ariba manages a number of non-core categories on behalf of its customers, including office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). , global travel, industrial MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and services, HR and benefits, marketing and advertising, printing services, facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. , IT hardware and software, temporary labor, leasing, telecom and network services, business and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , capital equipment and supplies, utilities, energy and environmental health services health services Managed care The benefits covered under a health contract , transportation and logistics, and insurance. In many companies, these spend categories can represent as much as 50-60 percent of total selling, general and administrative expenses. "Most companies recognize the value of spend management, but few have the resources, expertise or infrastructure to effectively manage spend across all categories and processes," said Shahriar Broumand, vice president and general manager, Ariba Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality . "As companies consider outsourcing as an option, they see advantages in partnering with a procurement BPO provider whose core competency is spend management. With Ariba, companies can leverage a total solution consisting of deep spend category knowledge, procurement process expertise, global shared service capabilities, and a best-in-class technology platform to significantly reduce their total spend in non-core categories." More than 20 companies currently work with Ariba to help them manage their non-core spend categories and processes. 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 software and services. Ariba can be contacted in the U.S. at 650-390-1000 or at www.ariba.com. Copyright (C) 1996 - 2005 Ariba, Inc. Ariba and the Ariba logo 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, Ariba Contract Compliance, Ariba Contracts, Ariba Contract Management, Ariba Contract Workbench, Ariba Data Enrichment, Ariba eForms, Ariba Sourcing, Ariba Invoice, Ariba Travel & Expense, Ariba Workforce, Ariba Supplier Network, Ariba Supplier Performance Management, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Settlement and Ariba Spend Management Knowledge Base 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 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 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 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. For example, Ariba recently settled patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. filed against it by ePlus, Inc. for $37.0 million and incurred significant related legal expenses. Factors and risks associated with its business, including a number of the factors and risks described above, are discussed in Ariba's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed December 14, 2004, and in its Form 10-Q Form 10-Q See 10-Q. filed August 9, 2005. |
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