Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced that it has signed a new agreement with National City Corporation (NYSE:NCC), one of the nation's largest financial holding companies.
Under the terms of the deal, National City will implement a comprehensive range of Ariba Spend Management(TM) solutions to streamline its procurement process and enhance the efficiency and effectiveness of its operations.
"Spend management is a journey. Some companies begin by leveraging a single spend management solution to drive savings, such as sourcing of direct materials. Others focus on centralizing their procurement/sourcing strategy and building competencies in specific categories and begin with a spend management suite that includes commodity expertise and services," said Kevin Costello, Chief Commercial Officer, Ariba. "By opting to implement a comprehensive set of Ariba solutions, our customers can quickly streamline procurement process and drive the organizational change needed to achieve operational excellence."
Ariba provides a robust, flexible, and comprehensive range of solutions that enable companies to effectively manage their spend from end-to-end. With Ariba, companies have access to a complete range of technology, from On-Demand to outsourcing, as well as commodity expertise and best-practice processes that can help them deliver consistent and sustainable bottom-line results. Each year, more than 500 companies of all sizes across all industries around the world leverage Ariba's solutions to source more than $120 billion in direct and indirect materials, services and MRO and manage more than $170 billion in procurement spend, To date, they have identified average annual savings in excess of 15 percent.