Leading Financial Services Firms Rely on Ariba for Spend Management

Business Wire,  July 15, 2008  

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Roy Anderson, Head of Global Procurement at MetLife, to Discuss Successful Use of Technology-Based Solutions as a Vehicle for Procurement Change in July 31 Webinar

SUNNYVALE, Calif. -- When it comes to managing spend, many of the world's leading financial services firms rely on Ariba, Inc. (Nasdaq:ARBA). According to the latest Fortune 500[R] rankings, six of the world's top 10 insurance providers, five of the top 10 securities firms and six of the top 10 commercial banks use Ariba solutions to drive savings and process efficiencies that improve their profits and competitive advantage. MetLife, the nation's largest life insurer and leading provider of employee benefits, is one of the leading financial services firms that leverages Ariba[R] Spend Management Solutions[TM] to conduct nearly all aspects of its strategic sourcing process virtually.

On July 31, Roy R. Anderson, vice president, Global Procurement, MetLife, will discuss how he led an enterprise-wide transformation of the company's global procurement capabilities. During the webinar, which will be held from 2 p.m. to 3 p.m. ET, Anderson will discuss how MetLife's procurement function evolved from a transaction-based organization to a strategic global procurement operation focused on bottom-line results. He'll also discuss the use of technology-based solutions and processes, such as those offered by Ariba, which have helped to serve as vehicles for change during MetLife's global procurement transformation.

"To successfully execute purchasing on a global scale requires an enterprise-wide commitment and strong collaboration among business partners, coupled with streamlining and automation of day-to-day processes," said Anderson. "By leveraging new technologies, MetLife has been able to implement more stringent controls over the spend management process, while at the same time expediting the purchasing function and recognizing significant cost savings."

"Roy Anderson is a passionate leader who through his vision and commitment to innovation has inspired positive change that has transformed his own organization and set new standards for what procurement can achieve," said Tim Minahan, chief marketing officer, Ariba. "The experiences and insights that he will share on July 31st will prove invaluable to any executive or spend management professional charged with shaping and creating spending strategies that enhance corporate performance and competitive advantage."

For more information on the webinar or to register, please visit: http://www.ariba.com/learningcenter/webinar.cfm.

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.

About MetLife

Celebrating 140 years, MetLife is a subsidiary of MetLife, Inc. (NYSE:MET), a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its domestic and international subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement & savings products and services to corporations and other institutions. For more information, please visit www.metlife.com.

Copyright [c] 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.

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