Business Services Industry
Ariba Ups Ante for Sell-Side Contract Management
Business Wire, June 3, 2008
Latest Solution Release Enables Companies to Create, Manage and Drive Compliance with Various Types of Commercial Agreements
SUNNYVALE, Calif. -- Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today unveiled the latest release of its contract management solution, which enables companies to create, manage and drive compliance with various types of commercial agreements - from supplier contracts to complex leases to customer agreements - on an enterprise-wide basis. Delivered on-demand, Ariba([R]) Contract Management([TM]) can be quickly, easily and cost effectively deployed by companies of all sizes to achieve fast, measurable results.
"According to a joint study conducted by the International Association of Contracts and Commercial Management and Ariba, enterprises are experiencing an increase in the number and complexity of commercial agreements while headcount has declined," said Ken Miklos, Senior Product Marketing Manager, Ariba. "This has led to an increase in contracting cycle times and exposed companies to new risks that impact their overall performance. With the latest release of Ariba Contract Management, large and growing organizations alike can tackle these issues head on leveraging industry-leading technology that enables them to electronically store, retrieve, author and archive contracts, access and view them on an enterprise-wide basis and ensure they are deriving maximum value from every commercial agreement - all from a single platform."
Enterprise Contract Management Delivered On-Demand
With enhanced buy and sell-side capabilities, Ariba Contract Management enables companies to collaboratively create and manage contracts across categories and functions, including sales, finance, marketing, real estate, legal, procurement and IT. Through contracting tools delivered in an on-demand environment, organizations can move beyond basic authoring and document archiving to manage terms and risks and drive compliance with agreements on an enterprise-wide basis. With Ariba Contract Management[TM], companies can:
* Leverage pre-approved clauses, mitigating risky language and permitting legal to manage approvals by exception
* Eliminate delays in contract creation and approval and shorten sales cycles
* Gain detailed visibility into contracts on an enterprise-wide basis
* Verify that Service Level Agreements have been effectively met
* Track contracts and provide advanced notice of expiration
* Access multi-party collaborative drafting tools and documents in an online environment to ensure consistency and control of the contract authoring process
* Reduce revenue leakage
* Eliminate maverick buying
More Value, More Quickly
A unique combination of technology, category expertise and services, Ariba's on-demand contract management solutions require minimal investment in hardware and do not involve lengthy implementations. That means companies can quickly get their contracts under control and begin to drive efficiencies and savings. In addition, Ariba's solutions deliver low cost integration with ERP and other back-end data management systems, allowing companies to accelerate and increase returns on their investments.
Availability
Ariba's contract management solutions are available and in use today. To learn more about these offerings and the results that they are helping companies around the globe to achieve, visit: www.ariba.com/go/contracts.
> 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 - 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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