13 December 2001 | Robin Parker
Ariba is to move its strategic sourcing strategy forward in the New Year with modules for e-invoicing and contracts.
The system follows the introduction of Enterprise Sourcing, the revamped model of Ariba's existing sourcing package, earlier this year.
The e-invoicing unit, which can be adopted by users of the Ariba Supplier Network to speed up the process and claims to remove errors by 80 per cent, will be launched at the end of January. Contracts will follow with a module addressing multi-line, high-value and complex contracts.
Steve Muddiman, Ariba's European vice-president of marketing, said that the combined products will help organisations manage the entire spend management cycle, raise efficiencies by an estimated 55 per cent and improve compliance.
"Contracts are often buried in the enterprise resource planning back office, and by merging with a strategic sourcing initiative, users can control prices, maintenance costs and even disposal costs," he said. "The gains available through strategic sourcing are greater than through e-procurement in stand-alone mode."