FCC Builds World-Class Procurement Function with Ariba
Company to discuss use of on-demand offerings to more efficiently manage trading relationships and deliver bottom-line results at Ariba LIVE Barcelona
SUNNYVALE, Calif.--(BUSINESS WIRE)-- As the global economy continues on its volatile and uncertain path, companies around the world are seeking ways to minimize their costs and risk. And Fomento de Construcciones Y Contratas (FCC), one of Europes leading construction and services firms, has found one in Ariba, Inc. (NASDAQ: ARBA), the leading provider of collaborative business commerce solutions. On May 30, the company, which is headquartered in Barcelona and provides environmental services and water management, construction of large infrastructure, cement and renewable energy production in 54 countries worldwide, will discuss how it has implemented a range of Aribas cloud-based solutions to build a world-class procurement function that is delivering savings and efficiencies across its operations on mainstage at Ariba LIVE Barcelona, the business commerce event of the year.
"FCC (FCIC.PK) allocates two thirds of their income to paying suppliers and subcontractors. Accurate and effective management of these important economic resources is one of the main challenges faced by a large group, in the context of addressing the challenges of the current economy," said Juan Carlos Montejano, Management Purchasing Director for FCC.
To achieve this goal, FCC, a 2012 Ariba Excellence Award winner in the category of procurement effectiveness, has implemented a range of Aribas cloud-based solutions, including Ariba® Sourcing" On-Demand, Ariba Contract Management", Ariba Supplier Information and Performance Management" , Ariba Procure-to-Pay" and Ariba Invoice Management".
The economic downturn has certainly taken a toll on the global market for construction and engineering firms, said Ted Kondis, Vice President and EMEA General Manager, Ariba. By implementing Aribas solutions to consolidate its spend and mine savings, FCC can maintain its competitive advantage and position itself for future growth.
Delivered completely on-demand via the Ariba® Network, Aribas cloud-based solutions combine 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 offerings, 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.
"With Aribas solutions in place, we're making significant improvements in contracting conditions, working with leading companies to maintain or increase the quality of the contract, and in ensuring compliance with these conditions, as well as electronically managing orders and invoices," said Montejano.
And they have been able to do so quickly and easily as a result of leveraging the cloud model. Aribas on-demand solution is very efficient in terms of cost and rapid implementation," said Montejano.
Montejano will share his full story on mainstage at Ariba LIVE Barcelona May 30. For more information on the event, or to register, visit: www.aribalive.com
FCC is the parent company of one of Europe's leading citizen services. It has traditionally focused on growth through diversification: originally founded as a construction company, in 1911 it branched into municipal services with a contract to clean and maintain Barcelona's sewer network. Its business portfolio is now highly diversified. FCC's core businesses are environmental services and water management, construction of large infrastructure, cement production, and renewable energy production. It has a footprint in 54 countries worldwide and over 53% of its revenues come from outside Spain (mainly Europe and the US). Revenues in 2011 amounted to 11.700 billion euro and the group had 90,000 employees.
About Ariba, Inc.
Ariba, Inc. is the worlds 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 AribaNetwork to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com
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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.
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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 Aribas 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.
Karen Master, 412-297-8177
Source: Ariba, Inc.Copyright Business Wire 2012