Business Services Industry
Ariba Named Best Electronic Bill Presentment and Payment Services Provider; Global Finance Magazine Awards Ariba Top Spot in Annual Ranking of Best Treasury and Cash Management Providers
Business Wire, March 20, 2006
SUNNYVALE, Calif. -- Ariba(R), Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced that it has been recognized as the Best Electronic Bill Presentment and Payment Services Provider by Global Finance Magazine as part of its annual ranking of the Best Treasury and Cash Management Banks and Providers. Ariba was selected for the award on the basis of its market leadership, customer service, competitive pricing and innovative technologies.
"In today's competitive global economic environment, treasurers need the best tools and advice available to make capital work harder than ever," said Global Finance publisher Joseph D. Giarraputo. "Our awards identify the providers that consistently improve transaction processes to speed collections and reduce risks."
Ariba offers a comprehensive range of invoice and payment solutions that enable companies to develop and implement a highly integrated cash management strategy while improving the efficiency of the entire procure-to-pay cycle. Ariba's Electronic Invoice Presentment and Payment(TM) and the Ariba Supplier Network(TM) effectively enable companies to optimize their invoicing and reconciliation processes and has helped to generate measurable and sustainable results for many organizations, including:
--Reduction of paper invoicing volume by more than 60 percent.
--Decrease in PO-Invoice error rates by over 50 percent.
--Trimming of invoice & payment cycle times by 75 percent.
--Capture of negotiated and early-pay discounts otherwise lost to manual processes.
--Bulk enablement of several thousand suppliers in months rather than years.
"When it comes to effectively managing cash, the automation of paper-intensive tasks such as invoicing and payment is critical," said Chris Eyerman, Director, Connectivity Solutions, Ariba. "But to generate savings that are both measurable and sustainable, companies must also automate supplier interactions to achieve efficiency and accuracy throughout the procure-to-pay cycle. Our solutions are uniquely designed to help companies do both and accelerate the results that they achieve."
For more information on Ariba Invoice and Payment solutions and the results they can deliver, please visit www.ariba.com.
About Ariba
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 - 2006 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 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 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; 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 filed December 7, 2005 and in its Form 10-Q filed February 8, 2006.
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