Lend Lease Reconstructs Procurement with Ariba
International property and infrastructure group implements cloud-based solutions to drive transparent, globally compliant process across UK operations
SUNNYVALE, Calif.--(BUSINESS WIRE)-- Ariba, Inc. (ARBA), the worlds business commerce network, today announced that Lend Lease, a leading and international property and infrastructure group, is leveraging its cloud solutions to build a transparent, globally compliant procurement process across its UK-based operations.
As a provider of property management and construction services involving public funds and authorities, it is critical that we have a standard, best-practice process for sourcing goods and services that we can use to drive savings, efficiencies and compliance with the various regulations, said Nigel McKay, Head of Procurement & Supply Chain EMEA, Lend Lease. Ariba provides us with an open platform through which we can collaborate both internally and with external partners to achieve this goal.
The Ariba® Network is an efficient, effective, and universally adopted platform for global commerce between businesses and contains everything thats needed to drive it, including:
- Market-leading applications for Spend Management, Collaborative Finance Management, and Sales Acceleration Management all delivered as scalable, cost-effective and burden-free cloud-based services
- The worlds largest Web-based trading community, empowering global businesses to discover, connect, and collaborate for better commerce
- Ariba Exchange, the industry-leading customer community where companies can network, share best practices, and collaborate with partners and peers
- Market, technical, strategic and other expert capabilities that can be accessed on-site or remotely via the Web as needed to support ever-changing business needs and objectives
Within the Ariba Network, Lend Lease UK will leverage Ariba Discovery®, the premier service for matching business buyers and sellers globally, to find suppliers. The company will also use Ariba Sourcing On-Demand to more efficiently negotiate with its trading partners and manage interactions with them through award optimization and savings tracking.
As Lend Lease continues to grow its business within the UK, it is critical that the company has solutions and processes in place that allow it to efficiently control costs, minimize risk and enhance its performance and profits, said Ted Kondis, Vice President and EMEA General Manager, Ariba. With Ariba, Lend Lease has easy access to technology, capabilities and a global community it can leverage to achieve these goals and strengthen its edge in an increasingly uncertain and competitive marketplace.
About Lend Lease
Lend Lease is a leading international property and infrastructure group. In the UK, it is the only fully integrated retail, residential and commercial provider offering cohesive in-house solutions for mixed-use developments. The company has core capabilities in development, investment management, construction, asset and property management.
Lend Lease is listed on the Australian Stock Exchange and operates in four key regions Australia, Asia, Americas and EMEA (Europe, Middle East, Africa). The group has over 17,000 employees worldwide.
The company as of June 2011 has over A$10.9 billion funds under management and market capitalization of A$5.1 billion.
Lend Lease is listed on the Dow Jones Sustainability World Index (DJSI World) and in 2011 achieved the highest score (100 per cent) across the real estate sector for the environmental policy and management category. Dan Labbad, Chief Executive Officer, Lend Lease EMEA, is Chairman of the UK Green Building Council and is co-Chair of the new Green Construction Board alongside Business Minister Mark Prisk MP.
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.
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 4, 2012.
Karen Master, 412-297-8177
Ariba UK Ltd
Fiona Ashby, +44 (0) 7919562261
Source: Ariba, Inc.Copyright Business Wire 2012