Company named Best eProcurement Solution by Global Finance Magazine as part of Annual Survey
Ariba announced today that it has been named the Best eProcurement Solution by Global Finance Magazine as part of an annual survey that will be published in the July/August issue.
“As the financial crisis continues to have repercussions in the real economy, businesses are increasingly looking for solutions to help them manage their working capital more efficiently,” said Joseph Giarraputo, publisher of Global Finance. “This year’s awards recognize those providers and customer implementations that deliver real cost savings, working capital benefits and efficiencies for buyers and suppliers as well as those firms that have developed innovative credit frameworks in order to extend financing deeper into the supplier network.”
Ariba was selected as Best eProcurement Solution by industry analysts, corporate executives and technology experts on the basis of its market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.
Ariba offers a comprehensive range of cloud-based applications that help companies streamline their working capital management processes and give their organization and their supply chain significant competitive advantage. Delivered via the Ariba® Network, Ariba’s solutions enable companies to:
- Improve working capital objectives
- Maximize discount capture savings
- Drive procure-to-pay and order-to-cash process efficiency and effectiveness through invoice automation
- Comply with contracts, purchase orders, pricing and preferred vendors
Click here to view the entire Ariba press release.
PayStream research shows that the use of eProcurement tools is on the rise as companies look to take advantage of discounts and manage their working capital more effectively. To learn more about eProcurement trends, download a FREE copy of PayStream’s report titled “Dynamic Discounting Management: Finding the Treasure in Treasury.”