Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions
provider, today announced that it has signed a new agreement with
Places for People, one of the United Kingdom´s largest property
management and development co-operatives, which comprises 58,625 homes
either owned or managed and a GBP 2.5 billion asset base. Under the
terms of the agreement, Places for People will leverage Ariba(R)
Procure-To-Pay(TM) On-Demand Professional to gain better visibility
into and control of its spend.
"At Places for People, our mission is to develop high-quality
communities that are sustainable, safe and cost-effective. In order to
do this, we must diligently control our spending," said David Turner,
Places for People´s Group Head of Purchasing. "With Ariba, we have
access to technology and best practices that enable us to automate and
enhance our procurement process from the moment we source and place
orders for goods and services to the time we receive invoices and pay
for them. Using these tools, we can increase our efficiencies, lower
our costs and gain a clear view into our spending so that we can make
the most optimal decisions for our business going forward."
Designed to ensure that savings identified through sourcing
actually reach the bottom line, Ariba Procure-To-Pay combines the
functionality of Ariba Buyer(TM), Ariba Invoice(TM), Ariba
Settlement(TM) and Ariba Analysis(TM) in a single, integrated
solution. Embedded with the knowledge and best practices that Ariba
and its customers have developed over the last decade, Ariba
Procure-To-Pay enables companies to manage more spend more efficiently
than ever before. Delivered on demand, the solution can be rolled out
in just a few weeks to not only buyers, but anyone in the company who
needs to buy goods and services, enabling companies to quickly and
cost effectively close the procurement loop and realize returns on
their investment.
Ariba´s spend management solutions support Places for People´s
strategy of delivering neighborhoods of choice and will help Places
for People deliver savings, improve compliance and cut procurement
process times.
Places for People will use Ariba Procure-To-Pay to create a
catalogue of goods and services offered by preferred suppliers and
manage the process of securing items from orders through invoicing and
payment. "With Ariba´s solutions we can completely automate our
procurement process and drive savings and efficiencies that positively
impact our bottom line," Turner added.
"Places for People understands that achieving excellence in spend
management requires a commitment to transforming the procurement
process from end to end," said Mike Arenth, General Manager, EMEA,
Ariba. "In selecting Ariba Procure-to-Pay as its spend management
platform, Places for People has taken the first step in this journey,
and we look forward to providing them with technology, expertise and
services that will enable them to achieve their goals."
About Places for People
Places for People is one of the largest property management and
development companies in the UK. The Group has specialist companies
that provide housing for affordable rent, market rent and sale,
commercial property, financial services, care and support services,
regeneration products and childcare.
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
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 Form 10-K for the year ended September 30, 2007.
