LAS VEGAS - (Business Wire) With the prices of many critical commodities beyond their control, companies around the world are taking aggressive steps to reduce costs where they can in order to maintain their competitive advantage. And they are leveraging offerings from Ariba, Inc. (NASDAQ:ARBA), the leading spend management solutions provider, to do it. On Tuesday, May 13, leading organizations will discuss their use of Ariba
’s on-demand visibility solutions to identify opportunities for cost savings across categories and drive them to the bottom line during a cross-industry panel at Ariba LIVE. The premier conference for leaders chartered with shaping and creating spending strategies, Ariba LIVE is being held this week at the Venetian Resort-Hotel-Casino in Las Vegas (
www.aribalive.com).
“Rising costs for fuel, metals, chemicals and even grain are a fact of doing business today,” said Alex Saric, Director, Ariba Visibility Solutions. “To minimize their impact, organizations must seek opportunities to lower costs elsewhere. With Ariba’s visibility solutions, companies have access to industry-leading analysis technology and data classification and enrichment services which they can leverage to find these opportunities and convert them to hard dollar savings.”
Delivered on-demand, Ariba’s visibility solutions provide decision makers with rapid access to meaningful intelligence regarding spend, supplier performance and procurement processes across all categories, systems and divisions. By combining an industry-leading knowledge classification base with advanced technologies and an integrated database of over 44 million suppliers, Ariba’s visibility solutions enable rich and accurate classification and enrichment of spend. Using Ariba’s offerings, companies can ensure that decision makers spend time on strategic activities such as analyzing data and planning - not gathering data from disparate systems.
"With Ariba, we have the tools we need to gain improved visibility into our spending activities and more effectively manage our total costs,” said Jim Stokes, Sr. Manager of Strategic & Global Sourcing, Del Monte Foods, who will participate in the Ariba LIVE panel. “In deploying their solutions, we have become more strategic and proactive in our sourcing processes and uncovered opportunities for savings that will positively impact our cost structure.”
More than 170 companies currently use Ariba’s visibility solutions, including: American Express Company, AstraZeneca, Diebold, Incorporated, H&R Block, Inc., JLG Industries, Inc., Johns Manville Corporation, Nestlé USA, Inc., PPG Industries, Inc., Tyco International, Zurich Financial Services, and many others. To date, Ariba has enriched more than $790 billion in spend for these companies.
Ariba’s visibility solutions have been recognized as market-leading by several independent analyst firms, including AMR Research and Forrester. To learn more about Ariba’s Visibility solutions and the results that they are delivering to companies around the world, please visit: www.ariba.com/go/visibility
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 1.650.390.1000 or at www.ariba.com.
Copyright © 1996 – 2008 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, including Procuri which Ariba acquired on December 17, 2007; 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-Q filed with the SEC on May 7, 2008.
Ariba, Inc.
Karen Master, 412-297-8177
kmaster@ariba.com
