The global recession has created a new state of normal in which finance
professionals will need to think differently about how they organize,
capitalize and manage cash. To help them do this, Ariba, Inc. (Nasdaq:
ARBA), the leading spend management solutions provider, today announced
that it is teaming with International Accounts Payable Professionals
(IAPP), the guidance-setting association for the accounts payable
profession, to deliver innovative programs for enhancing payables
performance. As a Gold Partner, Ariba will provide IAPP members with
access to leading-edge information, best practice processes and
solutions they can leverage to implement a highly integrated cash
management strategy while improving the efficiency of the entire
procure-to-pay cycle.
"In today’s economy, agility is the new strategic capability,” said Joe
Fox, Senior Director, Network and Financial Solutions, Ariba. "In order
to position their organizations to successfully compete when things
improve, finance leaders must be able to anticipate changing market
conditions and quickly adapt their strategies to deal with the new
realities of heightened risk, increasingly complex regulatory
requirements, tight credit markets and fewer resources. In joining
forces with IAPP, we can provide them with practical, actionable
information they can use to do just this.”
As a result of the partnership, IAPP members will receive access to
Ariba’s monthly Financial Solutions Webinar Series (www.ariba.com/programs/invoicenow)
and continuing education credits for each session they attend. Designed
to provide cutting-edge insights and innovative strategies for managing
critical issues across the procure-to-pay cycle, the series features
finance executives and industry professionals sharing their experiences
and tactics.
Ariba will also deliver educational sessions at IAPP’s annual conference
and regional events, and work with IAPP to conduct additional web
seminars that address specific member needs.
"Ariba’s expertise figures prominently into our plans for ramping up our
educational offerings,” says Tom Bohn, CEO and executive director of
IAPP and its sister organization, International Accounts Receivable
Professionals. "Its wide array of expertise will help our members keep
up with technology in ways that can help them the most.”
Ariba offers a complete range of SaaS solutions that enable finance
organizations to enhance their payables performance by streamlining and
automating invoice, payment, and working capital management. With
Ariba’s solutions, companies can:
-
Improve visibility and control
-
Reduce transaction and business costs
-
Mitigate risk and fraud
-
Reduce errors and delays in their Invoice-to-Pay cycle
-
Open up new working capital opportunities via early approved invoices
-
Achieve organizational efficiency and effectiveness
-
Comply with corporate and regulatory requirements
-
Achieving your DPO goals while increasing liquidity options for
suppliers
-
Effectively benchmark and measure performance
And because they’re delivered as a web-based service via the Ariba®
Network™, the world’s leading and largest global trading
platform, there’s no need to manage software, infrastructure or trading
partner integration. Companies can just plug in and tap the resources
they need as they need them to drive their business goals.
More than 1,000 companies around the world use Ariba’s solutions to
manage their costs and cash, including more than half of the Fortune
100. To learn more about these solutions and the value they deliver,
visit www.ariba.com.
About IAPP
International Accounts Payable Professionals is internationally
recognized as the trustworthy guidance-setting association for the
accounts payable profession. Serving members throughout the world, IAPP
is the AP professional’s global voice, chief advocate, recognized
authority, acknowledged leader, and principal educator on all AP
operational, regulatory, leadership, tax, control, and fraud-related
topics. Together, the IAPP and its sister organization, International
Accounts Receivable Professionals, have more than 5,000 members in 70
chapters throughout the United States, Canada, and the United Kingdom,
and provide training, conferences, knowledge sharing, certification,
online resources, AP Matters and AR Matters magazines, and more. For
more information, visit www.TheIAPP.org
and www.TheIARP.org.
About Ariba, Inc.
Ariba, Inc. is the leading provider of on-demand spend management
solutions. Our mission is to transform the way companies of all sizes,
across all industries, and geographies operate by delivering technology,
service, and network solutions that enable them to holistically source,
contract, procure, pay, manage, and analyze their spend and supplier
relationships. Delivered on demand, our enterprise-class offerings
empower companies to achieve greater control of their spend and drive
continuous improvements in financial and supply chain performance. More
than 1,000 companies, including more than half of the companies on the
Fortune 100, use Ariba solutions to manage their spend from sourcing and
orders through invoicing and payment. For more information, visit www.ariba.com.
Copyright © 1996 – 2009 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE, SupplyWatch, Ariba.com, Ariba.com
Network and Ariba Spend Management. Find it. Get it. Keep it. are
registered trademarks of Ariba, Inc. Ariba Spend Management, 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 Invoice,
Ariba Payment, 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 Content Procurement, Ariba PunchOut, Ariba QuickSource, PO-Flip,
Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines,
Ariba Supply Manager, Ariba LIVE, It’s Time for Spend Management and
Supplier Lifecycle Management are trademarks or service marks of Ariba,
Inc. All other brand or product names may be trademarks or registered
trademarks of their respective companies or organizations in the United
States and/or other countries.
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: the impact of the credit
crises on Ariba’s results of operations and financial condition; 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, including the impact of a
recession; 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 August
7, 2009.