Places for People Builds Spend Management Program with Ariba.Leading Property Development and Management Firm Leverages Ariba Solutions to Streamline Procurement and Rein In Costs SUNNYVALE, Calif. -- Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced that it has signed a new agreement with Places for People, one of the United Kingdom's largest property management and development co-operatives, which comprises 58,625 homes either owned or managed and a PS2.5 billion asset base. Under the terms of the agreement, Places for People will leverage Ariba[R] Procure-To-Pay[TM] On-Demand Professional to gain better visibility into and control of its spend. "At Places for People, our mission is to develop high-quality communities that are sustainable, safe and cost-effective. In order to do this, we must diligently control our spending," said David Turner, Places for People's Group Head of Purchasing. "With Ariba, we have access to technology and best practices that enable us to automate and enhance our procurement process from the moment we source and place orders for goods and services to the time we receive invoices and pay for them. Using these tools, we can increase our efficiencies, lower our costs and gain a clear view into our spending so that we can make the most optimal decisions for our business going forward." Designed to ensure that savings identified through sourcing actually reach the bottom line, Ariba Procure-To-Pay combines the functionality of Ariba Buyer[TM], Ariba Invoice[TM], Ariba Settlement[TM] and Ariba Analysis[TM] in a single, integrated solution. Embedded with the knowledge and best practices that Ariba and its customers have developed over the last decade, Ariba Procure-To-Pay enables companies to manage more spend more efficiently than ever before. Delivered on demand, the solution can be rolled out in just a few weeks to not only buyers, but anyone in the company who needs to buy goods and services, enabling companies to quickly and cost effectively close the procurement loop and realize returns on their investment. Ariba's spend management solutions support Places for People's strategy of delivering neighborhoods of choice and will help Places for People deliver savings, improve compliance and cut procurement process times. Places for People will use Ariba Procure-To-Pay to create a catalogue of goods and services offered by preferred suppliers and manage the process of securing items from orders through invoicing and payment. "With Ariba's solutions we can completely automate our procurement process and drive savings and efficiencies that positively impact our bottom line," Turner added. "Places for People understands that achieving excellence in spend management requires a commitment to transforming the procurement process from end to end," said Mike Arenth, General Manager, EMEA, Ariba. "In selecting Ariba Procure-to-Pay as its spend management platform, Places for People has taken the first step in this journey, and we look forward to providing them with technology, expertise and services that will enable them to achieve their goals." About Places for People Places for People is one of the largest property management and development companies in the UK. The Group has specialist companies that provide housing for affordable rent, market rent and sale, commercial property, financial services, care and support services, regeneration products and childcare. 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, 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 for Spend Management are trademarks or service marks of Ariba, Inc. All other trademarks are property of their respective owners. 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: 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; 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. 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 for the year ended September 30, 2007. |
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