Ariba Unveils the Networked Enterprise
Fueled by digital communities, companies are connecting and collaborating in new ways to drive better performance and profits. And Ariba is leading the transformation
LAS VEGAS, NV. – April 11, 2012 – We live in a networked world. As consumers, we tap into personal networks like Facebook, Twitter and Amazon.com that help us learn, share and shop better. And this is changing the way that we do business. Leading companies are now leveraging digital networks to more efficiently engage with their trading partners and collaborate across the entire commerce process. And Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network, is leading the transformation. Bob Calderoni, the company’s Chairman and CEO, today unveiled the Networked Enterprise – a new, connected way of operating that will drive the future of business commerce - at Ariba LIVE 2012, the business commerce event of the year being held this week at Caesar’s Palace in Las Vegas.
“There is a real and severe pain that exists in business today: the pain of inefficient commerce. And it’s costing business hundreds of billions of dollars each year in missed sales opportunities, higher operating and supply chain costs, and slower cash flow,” Calderoni said. “And when a pain like this exists, it’s time for technological innovation and a new business model.”
At its core, the Networked Enterprise is all about relevant connections and efficient collaboration. “Businesses realize that they can no longer be competitive on their own,” Calderoni said. “With supply chains that stretch around the globe, they are more reliant on external partners. And as a result, sharing information and coordinating processes is critical.”
Business networks provide an easy way to link and coordinate a virtual ‘extraprise’ of partners into a shared community executing improved and coordinated processes in a more informed way than in the past. And with increasing frequency, companies are tapping into them to enable a new, connected way of operating.
This shift is being driven and accelerated by trends like cloud computing, mobility and the convergence of enterprise applications, social media and communities.
The impact of this convergence is clear in the consumer world. Whether searching on Google, shopping on Amazon, downloading music from iTunes, or engaging on Facebook or Twitter, we use networks to run our personal lives because they make things easy.
“When shopping on Amazon, you don’t worry about connecting to each individual merchant. When it comes time to pay, you don’t worry about integrating into each individual bank or credit card company. It’s all done for you within the Network,” Calderoni said. “Whether you’re buying a book or a blender, you get the same simple shopping experience. It’s all transparent and easy for the end user.”
Now, businesses are demanding the same experience. “Companies are looking beyond the traditional view of IT to extend their procurement, sales, and finance processes and systems outside their four walls,” Calderoni said. “They want to discover, connect, and collaborate more efficiently with their trading partners, and they want to do it all as easily as they do in their personal lives.”
By combining cloud-based applications for collaborative commerce with the Ariba® Network, Ariba enables companies to do just this - anywhere, at any time from any device. The Ariba Network is the largest business trading community, used by companies around the world to transact more than $300 billion on an annual basis.
“Just as Facebook is the destination for people looking to more efficiently manage their personal networks and activities, Ariba is the destination for businesses looking to better manage their trading relationships and commerce activities,” Calderoni. “And like Facebook, we are always innovating, continually striving to make it easier for more buyers and more sellers to share, manage information and collaborate.”
A decade ago, there was serious debate about the viability of the Internet as a channel for business – or even a tool to power it. “Today, it is clearly a driving force of productivity and profitability,” Calderoni said. “Through our easy-to-implement and use collaborative commerce applications, web-based trading community and unique capabilities, we will continue to help companies unleash the power of their business networks and drive future growth, profitability and differentiation across their businesses.”
To learn more about how Ariba can help transform your company into a Networked Enterprise, visit www.ariba.com