An efficient accounts payable function. It’s something that all
companies want, but few have been able to achieve. ESB (Electricity
Supply Board) Ireland’s premier electricity utility is out to
change this. The company has implemented cloud-based offerings from
Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network,
and is using them to transform its purchase order and invoice
management processes into automated and efficient ones through
which it can reduce errors, speed approvals and drive savings.
“Purchase Order and invoice management is a highly time and
cost-intensive function,” said Shana Dillon, Manager, Finance
Operations at ESB. “With Ariba’s solutions, we can create an
effective process for interacting with our suppliers across the
payment cycle that will lead to greater efficiencies and savings,”
she added.
ESB is relying on Ariba® Invoice Management™ and PO Automation™
to achieve these goals. Delivered on-demand via the Ariba Network,
the solutions provide market-leading technology that ESB can use
to:
- Move to a completely paperless invoice
process in 100 days
- Reduce operating costs by 70 percent or
more
- Eliminate exceptions and simplify and
accelerate dispute resolution
- Minimize risk of overpayments,
duplicate payments and fraudulent payments
- Comply with corporate and regulatory
requirements
- Effectively benchmark and measure
performance
“Accounts Payable teams spend inordinate amounts of time and
effort processing paper invoices – from matching them with
contracts and tracking POs and goods receipt to correcting errors
and fielding supplier inquiries. Yet most companies still have
limited visibility into the process, leaving them exposed to risks
like overlooked billing discrepancies, missed discounts, and
overpayments,” said James Tucker, Director of Marketing, Invoice
and Payment Solutions, Ariba. “With Ariba Invoice Management and PO
Automation, ESB can execute a smart invoicing process that delivers
greater visibility and control, improved contract compliance, and
stronger supplier relationships.”
To learn more about Ariba Invoice Management and PO Automation
and the results they can deliver, visit:
http://www.ariba.com/solutions/manage-cash.cfm
About ESB
ESB is Ireland’s leading sustainable energy company, comprising
Power Generation, Networks, Supply and International divisions.
Founded in 1927, ESB makes a major contribution to the Irish
economy, financing, building and maintaining the State’s vital
electricity infrastructure as well as providing a world-class
service to the public.
As the largest semi-State company in Ireland, ESB has an annual
turnover of almost €3b and invests approximately €1b per annum in
capital expenditure. ESB is the first energy company in Europe to
set a date of 2035 to decarbonise its power generation and by 2020
will be delivering one-third of its electricity from renewable
sources. To facilitate sustainability targets and economic growth,
ESB is developing an advanced smart networks system and also
manages the growth of ESB International, a vibrant Irish company
operating in dozens of countries.
For more information about the company visit: www.esb.ie
About Ariba, Inc.
Ariba, Inc. is the world’s business commerce network. Ariba
combines industry-leading cloud-based applications with the world's
largest web-based trading community to help companies discover and
collaborate with a global network of partners. Using the Ariba®
Network, businesses of all sizes can connect to their trading
partners anywhere, at any time from any application or device to
buy, sell and manage their cash more efficiently and effectively
than ever before. Companies around the world use the Ariba Network
to simplify inter-enterprise commerce and enhance the results that
they deliver. Join them at: www.ariba.com
Copyright © 1996 – 2012 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE, Ariba.com, Ariba.com Network,
Ariba Spend Management. Find it. Get it. Keep it. and PO-Flip are
registered trademarks of Ariba, Inc. Ariba Procure-to-Pay, Ariba
Buyer, Ariba eForms, Ariba PunchOut, Ariba Services Procurement,
Ariba Travel and Expense, Ariba Procure-to-Order, Ariba Procurement
Content, Ariba Sourcing, Ariba Savings and Pipeline Tracking, Ariba
Category Management, Ariba Category Playbooks, Ariba StartSourcing,
Ariba Spend Visibility, Ariba Analysis, Ariba Data Enrichment,
Ariba Contract Management, Ariba Contract Compliance, Ariba
Electronic Signatures, Ariba StartContracts, Ariba Invoice
Management, Ariba Payment Management, Ariba Working Capital
Management, Ariba Settlement, Ariba Supplier Information and
Performance Management, Ariba Supplier Information Management,
Ariba Discovery, Ariba Invoice Automation, Ariba PO Automation,
Ariba Express Content, Ariba Ready, and Ariba LIVE are trademarks
or service marks of Ariba, Inc. All other brand or product names
may be trademarks or registered trademarks of their respective
companies or organizations in the United States and/or other
countries.
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: the impact of the credit crises on
Ariba’s results of operations and financial condition; 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 impact of any
acquisitions, including difficulties with the integration process
or the realization of benefits of a transaction; the impact of our
disposition, including the potential disruption of our ongoing
business; the ability to attract and retain qualified employees;
long and unpredictable sales cycles and the deferrals of
anticipated orders; declining economic conditions, including the
impact of a recession; 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 and dispositions,
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 5, 2012.
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