Spend is easier to manage in the cloud. Just ask Synopsys, Inc., a world leader in software and IP for semiconductor design, verification and manufacturing. The company has licensed a comprehensive range of on-demand solutions from Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, which it will leverage to more efficiently manage its spend from sourcing and orders through invoice and payment.
“At Synopsys, we help our customers gain a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk,” said Rob Genco, vice president, operations, Synopsys. “Using the Ariba Commerce Cloud, we improve our advantage by creating a best-practice process for sourcing goods and services that enables us to optimize our cost structure and performance.”
Synopsys will leverage a comprehensive range of Ariba’s solutions to gain a clear view into its spend, negotiate and drive compliance with best-value agreements, and streamline order, invoice and payment processes. Among the solutions the company will implement: Ariba® Sourcing™, Ariba Contract Management™, Ariba Contract Compliance™, Ariba Invoice™, Ariba Invoice Automation™, Ariba PO Automation™, Ariba Buyer™, Ariba Analysis™ and Ariba E-forms™.
Synopsys has been using Ariba as its platform for spend management since 2006.
“Synopsys has established itself as a global leader in a highly competitive market by quickly responding to changing business conditions and customer needs,” said John Starr, vice president, Ariba Global Services Organization. “By moving to Ariba’s on-demand platform, Synopsys can quickly access new technology and capabilities as needed to control costs, minimize risk and improve profits on an ongoing basis.”
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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