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TheStreet Open House

Ariba Recognized For Driving Excellence In The Cloud

Stocks in this article: SAP

For the eighth straight year, Ariba, an SAP company, has been named to the Supply & Demand Chain Executive Top 100 - this time for helping companies achieve excellence in the cloud through its applications and business network. Focused on “100 Great Supply Chain Projects,” this year’s awards highlight initiatives that deliver bottom-line value to small, medium and large enterprises across a range of supply chain functions. Ariba was recognized for helping Mediafly, a Chicago-based company that delivers an enterprise mobility platform enabling Fortune 500 companies to transform their data and content into compelling mobile experiences, to more efficiently manage its working capital and fuel innovation and growth.

“Our goal with this year's ‘100’ was to put the spotlight on successful and innovative transformation projects that demonstrate the broad spectrum of opportunities for enabling excellence in the supply chain,” said Barry Hochfelder, Editor of Supply & Demand Chain Executive. “The work that Ariba has done to help companies like Mediafly serves as a roadmap for supply chain executives looking to drive improvement in their own operations, and we are pleased to recognize their efforts as part of the 2013 Supply & Demand Chain Executive 100.”

In today’s uncertain economy, cash is tough to come by. Particularly for startup ventures. But using the invoice and payment solutions delivered on the Ariba® Network. Mediafly was able to access to the capital it needed to support its operations and drive growth.

When one of its clients requested that transactions be done on the Ariba Network, Mediafly began sending all of its invoices electronically. “We went from quote to settlement in 14 days instead 30 and 90,” says John Evarts, the company’s Chief Operating Officer and Chief Financial Officer.

And by taking advantage of a dynamic discounting program that the customer offered via the Ariba Network, Mediafly was able to tap into cash needed to take its operations to the next level.

“For a few basis points, we got quicker access to the capital we needed to hire developers and get to the next set of features in our products, which accelerated revenue and ultimately generated cash,” Evarts added.

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