Ariba, Inc. (Nasdaq: ARBA), the leading spend management solutions
provider, today announced that it is enhancing its electronic
invoicing capabilities to make it easier than ever for companies doing
business in Europe to transition to a fully automated and VAT
compliant environment. The enhancements were announced at Ariba
LIVE(TM) London, the first in a global series of spend management
conferences that Ariba is hosting throughout the year
(www.aribalive.com).
Through new, country-specific features embedded in Ariba
Electronic Invoice Presentment and Payment(TM), Ariba
Procure-to-Pay(TM) and Ariba Supplier Network(TM), companies of all
types and sizes can implement a completely paperless, dematerialized
approach to invoice presentment and payment that enables them to
automatically capture, validate, process and store data electronically
in accordance with country-level regulations and facilitate VAT
compliance.
"Paying, reporting and getting reimbursed for VAT payments are
integral parts of the electronic invoicing process and vital links in
the procure-to-pay chain," said Bob Shecterle, Vice President,
Solutions Marketing, Ariba. "By implementing a fully automated,
end-to-end approach to invoice presentment and payment, companies can
streamline these processes and drive improved productivity and cost
savings."
Comprehensive Solutions for a Paper-Free Process
Ariba offers a complete range of solutions that enable companies
to manage invoice presentment and payment electronically from data
capture, transmission and receipt through processing, exception
management and archival. Leveraging Ariba Electronic Invoice
Presentment and Payment, Ariba Procure-to-Pay and Ariba Supplier
Network, companies can optimize their processes and generate
bottom-line results by:
-- Capturing "early pay" and sourcing-negotiated discounts to
reduce invoice cycle time and ensure prompt payments;
-- Developing and implementing integrated cash management
strategies to improve the efficiency of the entire
procure-to-pay cycle;
-- Tracking and analyzing spend and compliance with contract
terms to increase accuracy of payments and to avoid disputes;
and
-- Providing access to invoices for internal and regulatory
audits to drive process efficiencies and productivity
improvements.
Enhanced Capabilities for Greater Automation and Compliance
Through the new features embedded in Ariba's solutions, companies
doing business in Europe can facilitate VAT compliance and streamline
reimbursement processes by:
-- Capturing 100 percent of invoices electronically according to
European regulations;
-- Creating tailored invoices that contain fields required by
buyers, suppliers and local tax authorities;
-- Confirming completion of all data fields on reimbursement
forms;
-- Archiving invoices and their accompanying electronic
signatures to guarantee authenticity;
-- Passing invoice data to ERP systems for processing and VAT
Reclaim Document submission; and
-- Eliminating or minimizing the need for accompanying paper
documents.
"Moving to a completely paperless environment isn't easy,"
Shecterle added. "But with Ariba Electronic Invoice Presentment and
Payment solutions, companies can make the transition quickly and begin
reaping the benefits that a fully automated approach provides."
About Ariba, Inc.
Ariba, Inc. is the leading provider of spend management solutions
to help companies realize rapid and sustainable bottom line results.
Successful companies around the world in every industry use Ariba
Spend Management(TM) software and services. Ariba can be contacted in
the U.S. at 1.650.390.1000 or at www.ariba.com.
Copyright (C) 1996 - 2007 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE and SupplyWatch are registered
trademarks of Ariba, Inc. Ariba Spend Management, Ariba Spend
Management. Find it. Get it. Keep it., 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 Electronic
Invoice Presentment and Payment, Ariba Invoice, 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 PunchOut, Ariba
QuickSource, PO-Flip, Ariba Settlement, Ariba Spend Management
Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager,
Ariba LIVE and It's Time for Spend Management are trademarks or
service marks of Ariba, Inc. All other trademarks are property of
their respective owners.
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 its
current expectations include, but are not limited to: 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; 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 SEC filings, including its most recent report on
Form 10-Q filed February 2, 2007.
