Ariba Supports Nordea in Tackling Cost and Risk
04 Noviembre 2010 - 6:30AM
Business Wire
In the down economic times, it was all about cutting costs and
doing more with less. But as conditions continue to improve, the
focus has shifted to growth. And to fuel it, companies will need to
take a different approach. Controlling costs will still be
critical, but collaborating with key partners will be equally
important. Recognizing this, Nordea, a leading European bank, is
expanding its use of solutions from Ariba, Inc. (Nasdaq: ARBA), the
leading provider of collaborative business commerce solutions.
Under the terms of a newly signed agreement, Nordea will leverage
Ariba® Spend Visibility™, Ariba Supplier Information Management™
and Ariba Supplier Performance Management™ to more effectively
manage its spend and trading relationships. The company already
uses Ariba Sourcing™ and Ariba Contract Management™ to negotiate
and drive compliance with best-value agreements across its
operations.
Ariba Spend Visibility will be used to identify opportunities
for savings. To discover, assess, and on board new supply partners,
ensure their information is accurate and up-to-date and continually
measure and improve their performance, Nordea will use Ariba
Supplier Information Management. And to evaluate its supply
base from a 360-degree perspective and programmatically
drive corrective action to ensure the highest level of supplier
performance and compliance, it will leverage Ariba Supplier
Performance Management.
Delivered on-demand in the Ariba Commerce Cloud – the most
efficient and effective platform for collaborative global commerce
– Ariba’s solutions will quickly deliver results, as they require
no software, infrastructure or trading partner integration to
manage.
“There are many things companies can do internally to improve
their bottom line, but to fuel growth, they must take an external
view,” said Mike Arenth, General Manager, EMEA, Ariba. “With
Ariba’s solutions in place, Nordea can execute a truly
collaborative commerce process through which it can reduce its
costs and risk and improve performance and profits.”
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business
commerce solutions. Ariba combines industry-leading technology to
optimize the complete commerce lifecycle with the world's largest
web-based community to discover, connect and collaborate with a
global network of trading partners, delivering everything needed to
control costs, minimize risk, improve profits and enhance cash flow
and operations – all in a cloud-based environment. Whether you’re
buying, selling or managing cash, you can do it more efficiently
and effectively in the Ariba® Commerce Cloud. Over 325,000
companies, including more than 90 percent of the Fortune 100, use
Ariba’s solutions to drive more efficient inter-enterprise
commerce. Why not join them? For more information on Ariba commerce
solutions and the results they deliver, visit www.ariba.com
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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 impact of any
acquisitions or dispositions; 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 and dispositions,
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 5, 2010.
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