ESB Powers Invoicing with Ariba
Irelands premier electricity utility implements automated solution to reduce errors, speed approvals and drive savings
SUNNYVALE, Calif.--(BUSINESS WIRE)-- An efficient accounts payable function. Its something that all companies want, but few have been able to achieve. ESB (Electricity Supply Board) Irelands premier electricity utility is out to change this. The company has implemented cloud-based offerings from Ariba, Inc. (ARBA) , the worlds business commerce network, and is using them to transform its purchase order and invoice management processes into automated and efficient ones through which it can reduce errors, speed approvals and drive savings.
Purchase Order and invoice management is a highly time and cost-intensive function, said Shana Dillon, Manager, Finance Operations at ESB. With Aribas solutions, we can create an effective process for interacting with our suppliers across the payment cycle that will lead to greater efficiencies and savings, she added.
ESB is relying on Ariba® Invoice Management" and PO Automation" to achieve these goals. Delivered on-demand via the Ariba Network, the solutions provide market-leading technology that ESB can use to:
- Move to a completely paperless invoice process in 100 days
- Reduce operating costs by 70 percent or more
- Eliminate exceptions and simplify and accelerate dispute resolution
- Minimize risk of overpayments, duplicate payments and fraudulent payments
- Comply with corporate and regulatory requirements
- Effectively benchmark and measure performance
Accounts Payable teams spend inordinate amounts of time and effort processing paper invoices from matching them with contracts and tracking POs and goods receipt to correcting errors and fielding supplier inquiries. Yet most companies still have limited visibility into the process, leaving them exposed to risks like overlooked billing discrepancies, missed discounts, and overpayments, said James Tucker, Director of Marketing, Invoice and Payment Solutions, Ariba. With Ariba Invoice Management and PO Automation, ESB can execute a smart invoicing process that delivers greater visibility and control, improved contract compliance, and stronger supplier relationships.
To learn more about Ariba Invoice Management and PO Automation and the results they can deliver, visit: http://www.ariba.com/solutions/manage-cash.cfm
ESB is Irelands leading sustainable energy company, comprising Power Generation, Networks, Supply and International divisions. Founded in 1927, ESB makes a major contribution to the Irish economy, financing, building and maintaining the States vital electricity infrastructure as well as providing a world-class service to the public.
As the largest semi-State company in Ireland, ESB has an annual turnover of almost ¬3b and invests approximately ¬1b per annum in capital expenditure. ESB is the first energy company in Europe to set a date of 2035 to decarbonise its power generation and by 2020 will be delivering one-third of its electricity from renewable sources. To facilitate sustainability targets and economic growth, ESB is developing an advanced smart networks system and also manages the growth of ESB International, a vibrant Irish company operating in dozens of countries.
For more information about the company visit: www.esb.ie
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
Copyright © 1996 2012 Ariba, Inc.
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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