Jun 10 2010
Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, today announced that it has expanded its relationship with the NSG Group, one of the world’s largest manufacturers of glass and glazing products.
Under the terms of a new agreement, the NSG Group will tap into the comprehensive range of financial solutions available in the Ariba® Commerce Cloud, to transform its invoice and payment processes and optimize its cash flow and operations. The NSG Group has been using Ariba as the platform for managing its business commerce activities since 2006 and has already implemented Ariba Sourcing™, Ariba Contract Management™, Ariba Supplier Information and Performance Management™ and Ariba Savings & Pipeline Tracking™.
“In today’s economy, cash is king. But managing it is a challenge,” said Tom Rae, CPO, NSG Group. “To be successful requires visibility and control, and Ariba’s solutions provide us with technology and processes that will enable us to gain both.”
The NSG Group will implement Ariba’s financial solutions across its global operations to enhance the efficiency and effectiveness of its accounts payable function. Among the solutions the company will use: Ariba Invoice Automation™, Ariba Purchase Order Automation™ and Ariba Discount Management™.
“Continuing economic uncertainty has forced companies to focus on managing capital to an unprecedented degree,” said Peter Lugli, Senior Director, Working Capital Management and Business Development, Ariba. “With Ariba, the NSG Group has access to everything that’s needed to develop a fully automated and integrated cash management strategy that delivers bottom-line results – and to adapt this strategy as market and business conditions change.”
Through powerful automation, workflow management, real-time reporting, and cash flow management tools, Ariba’s financial solutions provide companies with technology, capabilities and a community they can leverage to:
- Improve visibility and control across global operations
- Reduce transaction and business costs
- Mitigate risk and fraud
- Achieve organizational efficiency and effectiveness
- Comply with corporate and regulatory requirements
- Effectively benchmark and measure performance
“In good times, making the most of day-to-day operating cash is prudent. In uncertain periods, it’s critical,” Lugli added. “With Ariba’s financial solutions, companies can not only make their cash work harder, but smarter.”