| By Business Wire | Article Rating: |
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| February 9, 2010 09:18 AM EST |
Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced that Australia’s two leading entertainment venues – Crown Melbourne and Burswood Perth – are leveraging its SaaS offerings to lower their costs, minimize risk and optimize cash flow and operations. As part of an initiative to streamline corporate spending, Crown has implemented Ariba® Sourcing™ On Demand and Ariba Contract Management™.
“The sophisticated software and global expertise that Ariba provides are allowing Crown to overhaul its corporate spending strategies,” said Justine Henwood, Chief Financial Officer, Crown Melbourne. “We are using technology which is powerful and easy to use, flexible and easy to grasp to automate formerly paper-based internal processes, which allows us to be more tactical rather than transactionally focused. And we are already seeing results. The project has quickly identified sourcing savings and will deliver an ROI in the hundreds of percent.”
The project’s preliminary phase involved Ariba working closely with Crown to identify cost saving opportunities and to agree on savings targets.
“Ariba’s expertise in market prices for goods and services, and its analysis of our current spending, has allowed us to identify savings among our many categories of spend, from cleaning and maintenance services to food and beverage providers,” Henwood said.
Crown is also leveraging Ariba’s best-in-class technology to consolidate its contract management activities.
“Centralization of our contracts is crucial to reducing duplication across our business units, achieving greater cost efficiencies, greater transparency and speeding up the time it takes to procure and implement contracts,” Henwood said. “Ariba’s technology has allowed us to create and maintain a centralized contracts repository with rich search capabilities that we can leverage to achieve these goals.”
Because Ariba’s solutions are delivered on demand, Crown doesn’t concern itself with any infrastructure and the software can be used at multiple locations – critical given that it operates on both sides of the country and for employees working offsite. “It’s a significant cost saving to owning and maintaining the software ourselves,” Henwood said.
“Given the current economic climate, it is imperative for businesses of all sizes to follow Crown’s lead and examine their corporate spending strategies,” said James McParlane, General Manager, Ariba Australia and New Zealand. “The corporate dollar has to stretch a lot further than it used to, and taking a holistic look at a company’s spend is the smart way to reducing behind the scenes business costs.”
94 of the Fortune 100 and more than 200,000 other companies use Ariba’s SaaS solutions to manage their spend and commerce activities. To learn more about these offerings and the benefits they can deliver, visit www.ariba.com
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 – 2010 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 February 5, 2010.
Published February 9, 2010
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