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TheStreet Open House

Ariba Among World’s Best Supply Chain Finance Providers

Stocks in this article: ARBA

Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network, is among the World’s Best Supply Chain Finance Providers. The company today announced that it has been recognized as Best E-Procurement Solution by Global Finance Magazine as part of an annual survey that will be published in the July/August issue.

“As the financial crisis continues to have repercussions in the real economy, businesses are increasingly looking for solutions to help them manage their working capital more efficiently,” said Joseph Giarraputo, publisher of Global Finance. “This year’s awards recognize those providers and customer implementations that deliver real cost savings, working capital benefits and efficiencies for buyers and suppliers as well as those firms that have developed innovative credit frameworks in order to extend financing deeper into the supplier network.”

Ariba was selected as Best eProcurement Solution by industry analysts, corporate executives and technology experts on the basis of its market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.

Ariba offers a comprehensive range of cloud-based applications that help companies streamline their working capital management processes and give their organization and their supply chain significant competitive advantage. Delivered via the Ariba® Network, Ariba’s solutions enable companies to:

  • Improve working capital objectives
  • Maximize discount capture savings
  • Drive procure-to-pay and order-to-cash process efficiency and effectiveness through invoice automation
  • Comply with contracts, purchase orders, pricing and preferred vendors

“Business growth is driven by the free-flow of cash. Yet within many companies, too much working capital is clogged up in receivables and payables up and down the supply chain,” said James Tucker, director of marketing, Invoice and Payment Solutions, Ariba. “With Ariba’s solutions companies can spark the collaboration necessary to set their cash flow free and gain visibility that enables them to make fast, informed decisions and achieve consistent results. We are pleased to be recognized for the strength of our offerings and the value that they deliver.”

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