Ariba Sets New Standard for On-Demand Spend Management.Latest Release of Multi-Tenant Offerings Enables Companies to Accelerate Results by Driving Greater Visibility, Active Compliance, and Rapid Adoption SUNNYVALE, Calif. -- Ariba([R]), Inc. (Nasdaq:ARBA), the leading spend management solutions provider, has again raised the bar for software delivered as a service with the latest release of its on-demand offerings. Building on its existing robust functionality, Ariba has added more than 140 new capabilities across its solutions. The new features enable companies to drive greater visibility across all spend categories, active compliance from procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. through payment, faster enablement of suppliers and rapid adoption of spend management best practices. "Technology-based solutions have driven radical improvements in sourcing and procurement over the last decade, yet substantial challenges remain," said Bob Shecterle, Vice President, Solutions Marketing, Ariba. "Companies still lack visibility into their spend at deep levels across the full organization. They struggle to enable suppliers to easily and quickly do business electronically. Maverick Maverick family name of two brothers, Bret and Bait; self-centered and untrustworthy gentlemen gamblers. [TV: Terrace, II, 80] See : Gambling buying is a common occurrence, and change management a difficult proposition. With our latest on-demand release, Ariba takes these issues head on, providing companies of all types with an enhanced set of solutions that deliver the capabilities needed to proactively manage spend and accelerate bottom-line results." A unique combination of technology, commodity expertise and services delivered in a single, integrated platform, Ariba's on-demand solutions make it fast, easy and affordable for companies of all sizes to adopt spend management and generate rapid returns. With its latest release, the company has set a new standard for on-demand spend management, delivering additional features and functionality that enable companies to: Gain Greater Visibility - When it comes to managing spend, what you can't see, can hurt you. With Ariba Spend Visibility([TM]), companies can gain the most granular granular /gran·u·lar/ (gran´u-lar) made up of or marked by presence of granules or grains. gran·u·lar adj. 1. Composed or appearing to be composed of granules or grains. 2. view of spend possible through new functionality that allows for deeper taxonomies, Bayesian classification and user loop feedback. With custom taxonomies, companies can view and classify clas·si·fy tr.v. clas·si·fied, clas·si·fy·ing, clas·si·fies 1. To arrange or organize according to class or category. 2. To designate (a document, for example) as confidential, secret, or top secret. spend on an enterprise-wide basis according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the way it is purchased and how they are organized. With the addition of Bayesian classification, companies need not choose between the speed of statistical classification and the consistency of rules-based approaches - Ariba provides both in a single solution. And through enhanced 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. tools, companies can dynamically edit information to ensure increased accuracy and continuous improvement. Drive Active Compliance - Sourced savings and negotiated contracts will not hit the bottom line without proactive verification of actual requisitions and invoices against detailed contract pricing and terms. With Ariba's latest release, Ariba Procure-to-Pay[TM] Professional clients now can use compliance to contracts to curb maverick buying, catch supplier invoicing in·voice n. 1. A detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill. 2. The goods or services itemized in an invoice. tr.v. errors and close the spend management loop between strategic sourcing and transactional execution. For lower cost of integration to popular financial systems, Ariba has also added pre-configured integration to SAP([R]). Spur SPUR - An early system on the IBM 650. [Listed in CACM 2(5):16 (May 1959)]. Rapid and Broad Enablement - The success of any spend management solution depends on widespread supplier adoption. With new functionality embedded Inserted into. See embedded system. across Ariba Buyer[TM], Ariba Procure-to-Pay, Ariba Supplier Connectivity[TM] and Ariba Electronic Invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. Presentment presentment: see indictment. and Payment[TM], companies can facilitate the electronic enablement of their suppliers around the globe more quickly and efficiently than ever before. Through Ariba's enhanced enablement capabilities, companies can initiate electronic enablement by sending purchase order transactions directly and immediately to suppliers over the Ariba Supplier Network[TM], dramatically reducing the time to get them on board. And with Ariba's new invoice conversion offering, companies can capture nearly 100 percent of their invoices electronically by converting invoices from paper-bound suppliers to electronic, line item-level invoices. Accelerate Adoption and Results - Successful spend management is about more than automating processes. It's about building capabilities and implementing best practices that drive measurable and sustainable results. Software alone can't do this. That's why Ariba wraps its on-demand solutions with the category knowledge, sourcing best practices and spend management expertise it has developed, and been recognized for, over the last decade. With the latest on-demand release, these sourcing services are now available in flexible packages that companies can tailor A tailor is a person whose occupation is to sew menswear style jackets and the skirts or trousers that go with them. Although the term dates to the thirteenth century, tailor to meet their unique objectives and risk profiles. Whether they're looking to accelerate user adoption, generate quick savings, build capabilities, achieve process control or drive organizational change, Ariba's bundled services provide companies with the tools they need to accelerate spend management adoption and the results that they achieve. Availability Ariba's on-demand spend management solutions are available and in use today. To learn more about how your organization can leverage them to improve profits, reduce risk and gain competitive advantage, visit Ariba's Learning Center at www.ariba.com 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 - 2006 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, Ariba Contract Compliance, Ariba Contracts, Ariba Contract Management, Ariba Contract Workbench, Ariba Data Enrichment, 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-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 7, 2005 and in its Form 10-Q Form 10-Q See 10-Q. filed August 9, 2006. |
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