In the down economic times, it was all about cutting costs and doing more with less. But as conditions continue to improve, the focus has shifted to growth. And to fuel it, companies will need to take a different approach. Controlling costs will still be critical, but collaborating with key partners will be equally important.
Recognizing this, Nordea, a leading European bank, is expanding its use of solutions from Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions.
Under the terms of a newly signed agreement, Nordea will leverage Ariba® Spend Visibility™, Ariba Supplier Information Management™ and Ariba Supplier Performance Management™ to more effectively manage its spend and trading relationships. The company already uses Ariba Sourcing™ and Ariba Contract Management™ to negotiate and drive compliance with best-value agreements across its operations.
Ariba Spend Visibility will be used to identify opportunities for savings. To discover, assess, and on board new supply partners, ensure their information is accurate and up-to-date and continually measure and improve their performance, Nordea will use Ariba Supplier Information Management. And to evaluate its supply base from a 360-degree perspective and programmatically drive corrective action to ensure the highest level of supplier performance and compliance, it will leverage Ariba Supplier Performance Management.
Delivered on-demand in the Ariba Commerce Cloud – the most efficient and effective platform for collaborative global commerce – Ariba’s solutions will quickly deliver results, as they require no software, infrastructure or trading partner integration to manage.
“There are many things companies can do internally to improve their bottom line, but to fuel growth, they must take an external view,” said Mike Arenth, General Manager, EMEA, Ariba. “With Ariba’s solutions in place, Nordea can execute a truly collaborative commerce process through which it can reduce its costs and risk and improve performance and profits.”
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba enables more efficient and effective buying, selling, and cash management by combining industry-leading software as a service (SaaS) commerce technology with the world’s largest web-based global trading community and expert capabilities and services to augment internal resources and skills – all as a flexible, cloud-based service. The Ariba® Commerce Cloud™ delivers everything needed to control costs, increase sales, minimize risk, and enhance cash flow and operations. More than 300,000 companies, including over 80 percent of the Fortune 100, use Ariba’s solutions to drive more efficient and effective inter-enterprise commerce. Why not join them? For more information on Ariba commerce solutions and the results they deliver, visit www.ariba.com.
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