Ariba Named a Leader in Electronic Invoice Presentment and Payment Solutions

June 23, 2008 8:30 AM EDT

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

Ariba, Inc. (Nasdaq: ARBA), a leading spend management solutions provider, today announced that it has been named as a leading vendor of accounts payable electronic invoice presentment and payment (AP-EIPP) by an independent research firm. According to a new report by Forrester Research, Ariba was named a leader in the market for solutions that streamline the invoice-to-pay process for its Ariba(R) Invoice and Payment offering(TM). (The Forrester Wave(TM): AP-EIPP, Q2 2008, Forrester Research, Inc., June 2008).

Designed to assess the state of the market for accounts payable electronic invoice presentment and payment solutions, the report evaluated 10 vendors across 78 criteria between January 2008 and March 2008.

According to the report, "Ariba has a strong strategy and good focus on EIPP as an important part of its overall Spend Management suite." The author further noted that:

    --  "Ariba has excellent invoice validation capabilities,"

    --  "Ariba has good reporting capabilities, including process
        monitoring, to help AP managers streamline processes."

    --  "Ariba has global coverage with many customers and suppliers
        in APAC, Europe and North America."

    --  "Ariba is available on premise on multiple platforms, although
        SaaS is now its primary delivery method."

    --  "Ariba scored well in all areas of customer support."

    --  "Ariba's product vision should preserve its Leader position."

Delivered on-demand via the Ariba Supplier Network, Ariba Invoice and Payment provides robust invoice routing, reconciliation and payment processing for buyers while also giving suppliers real-time visibility into the buyer's invoice and payment approval process. Using the solution, companies can capture 100 percent of their supplier invoices electronically, and eliminate the paper invoices that clog accounts payable organizations by delivering them to the web browsers of accounts payable personnel.

With more than 160,000 registered suppliers in 115 countries engaging in transactions worth more than $100 billion a year, the Ariba Supplier Network is one of the world's largest open business transaction networks. Leveraging the network, companies can automate interactions with key trading partners to achieve efficiency and accuracy throughout the procure-to-pay cycle, regardless of the procurement or ERP system they use.

"While the Accounts Payable function has become more efficient over the years, many companies still struggle to reduce paper handling, eliminate errors at the source and enable low-cost, external connectivity with all suppliers," said Bob Solomon, Senior Vice President and General Manager, Ariba Supplier Network. "Ariba's invoice and payment solutions are specifically designed to help companies overcome these challenges and deliver savings and efficiencies for themselves and their suppliers."

For more information on Ariba Invoice and Payment and the value it can create, please visit 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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