Ariba and HCMWorks Deliver Procure-to-Pay Solution to Leading Canadian Financial Institution
Ariba and HCMWorks have collaborated to deliver a rapid deployment of cloud-based offering to drive operational efficiencies and savings on indirect goods and services.
- (1888PressRelease) June 04, 2011 - End-to-end procurement of indirect goods and services can be a complex process. Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative commerce solutions, and HCMWorks, Inc. a leading provider of Indirect Services Procurement Advisory and Support Solutions today announced that they have worked together to greatly simplify this process for National Bank of Canada.
Through a rapid deployment of Ariba® Procure-to-Pay™, the companies have delivered a best-in-class process through which the bank can manage complex categories from sourcing and orders through invoice and payment and drive efficiencies and savings across its operations.
"National Bank of Canada is committed to operating in the most efficient and cost-effective manner possible," said David Annett, Vice President of Procurement for the National Bank Financial Group. "Ariba's procure-to-pay solution provides us with the tools we need to actively manage our spend across the entire lifecycle. With HCM's implementation expertise, we were able to get up and running and deliver results in record time."
A unique software solution delivered as a service through the Ariba Commerce Cloud, Ariba Procure-to-Pay provides companies with all of the tools necessary to dynamically manage suppliers, processes, budgets, approvals and payments on a global basis.
HCMWorks implemented Ariba Procure-to-Pay for National Bank of Canada in just 10 weeks. "We knew that National Bank of Canada had an aggressive timeline, but we were confident that our proven methodologies coupled with the Ariba commitment to success would enable us to deliver," said Ted Weyn, Managing Partner for HCMWorks.
Over the next several quarters Ariba will work with National Bank of Canada to evaluate the expansion of services categories and volume to be processed through the Ariba system in its ongoing commitment to efficient procurement practices.
"Procurement has become an increasingly dynamic function. Yet many companies continue to rely on manual methods to manage it," said Glenn Wolff, General Manager, Ariba Canada. "With Ariba's cloud-based offerings, National Bank of Canada has created an agile and flexible process for purchasing through which it can drive compliance across its processes, terms and relationships as well as savings and efficiencies that positively impact its operations and its bottom line."
About HCMWorks, Inc.
HCMWorks is a leading North American consulting and advisory firm that specializes in Indirect Services Procurement. HCMWorks helps procurement departments gain greater control over indirect service expenditures to gain a competitive advantage in their industry. Their proprietary 4-step V2H methodology provides a substantial reduction in indirect operating costs through transactional visibility, ultimately delivering an extremely rapid ROI. For more information, please visit www.hcmworks.com or call 866-547-1645.
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba combines industry-leading technology with the world's largest web-based trading community to help companies discover, connect and collaborate with a global network of partners - all in a cloud-based environment. Using the Ariba® Commerce Cloud, businesses of all sizes can buy, sell and manage cash more efficiently and effectively. Over 500,000 companies around the globe use the Ariba Commerce Cloud to simplify inter-enterprise commerce and enhance results. Why not join them? To get on the path to Better Commerce visit: www.ariba.com/commercecloud/
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