Ariba Among World's Best Supply Chain Finance Solutions

June 17, 2008 8:30 AM EDT

SUNNYVALE, Calif.--(BUSINESS WIRE)--

Ariba, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced that it has been recognized as one of the world's best supply chain finance solutions. As part of Global Finance Magazine's 2008 Best Supply Chain Providers awards, Ariba has been named Best Global Supplier Support and Enrollment Provider. Ariba was selected by a group of industry analysts, corporate executives and technology experts based on its market share, product innovation, customer services, technology, execution and customer successes.

"Supply chain financing is becoming a highly competitive space with a mixture of both banks and non-banks providing financing and web-based tools designed to enable buyers to extend their Days Payable Outstanding (DPO) while enabling their network of suppliers to get paid earlier and gain access to more affordable lines of credit," said Joseph Giarraputo, publisher and editorial director of Global Finance. "Through their solutions, the companies recognized as part of our inaugural Best Supply Chain Finance Providers awards are helping buyers and their global networks of suppliers achieve real cost benefits, savings and efficiencies that enhance their operations and competitive advantage."

Ariba provides a comprehensive range of on-demand spend management solutions that enable large and growing enterprises to develop and implement a highly integrated cash management strategy while improving the efficiency of the entire procure-to-pay cycle. Delivered via the Ariba(R) Supplier Network(TM), Ariba's Invoice and Payment(TM) solutions, for instance, effectively enable companies to optimize their invoicing and reconciliation processes to achieve straight through processing and generate measurable and sustainable results, including:

    --  Reduction of paper invoicing volume by more than 60 percent.

    --  Decrease in PO-Invoice error rates by over 50 percent.

    --  Trimming of invoice & payment cycle times by 75 percent.

    --  Capture of negotiated and early-pay discounts otherwise lost
        to manual processes

    --  Bulk enablement of several thousand suppliers in months rather
        than years

And with built-in working capital management and dynamic discounting capabilities, the Ariba Supplier Network also enables suppliers to better manage receivables-based working capital and reduce Days Sales Outstanding (DSO) and buyers to lower overall costs.

"At Ariba, we are focused on enabling entire supply chains to optimize their capital, accomplish more with less, and not merely survive the tough economic times, but thrive in them," said Bob Solomon, Senior Vice President and General Manager, Ariba Supplier Network. "We are pleased to be recognized by Global Finance Magazine for our efforts and will continue to push the envelope in developing and delivering solutions that allow buyers and suppliers to reduce risk, lower capital costs and preserve competitive advantage."

Over 900 companies worldwide, including more than half of the Fortune 500, rely on Ariba to reduce costs, improve profits and increase competitive advantage. To learn more about Ariba's solutions and the results they can deliver, please visit www.ariba.com.

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 - 2008 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, including Procuri which Ariba acquired on December 17, 2007; 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-Q filed with the SEC on May 7, 2008.

Source: Ariba, Inc.

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