In today’s global business environment, smart companies are
learning to collaborate more efficiently, connecting and
interacting with ever-expanding communities of customers, suppliers
and peers. And they are, in the process, unleashing a new model for
operating that is helping to improve their productivity, profits
and ultimately, their advantage in an ultra-competitive
marketplace.
How are they doing it? According to Collaborate to Win, a new
report produced by CFO Research in collaboration with Ariba, Inc.
(Nasdaq: ARBA), the world’s business commerce network, they are
capitalizing on the convergence of recent technology trends,
including cloud computing, mobility, social and business
networks.
“Just as earlier forces such as desktop computers shifted the
basis of productivity generation, so too are business networks
changing how companies identify and work with all kinds of
partners,” says Josh Hyatt, author of the report. “Businesses are
learning how to collaborate more efficiently, digitally connecting
and cooperating with people and entities both within and beyond the
confines of their particular enterprise.”
Much as consumers tap into social networks to manage their
personal connections, companies are with increasing frequency
connecting to business networks to manage their trading
relationships. Through more than a dozen in-depth interviews with
executives, academics, consultants, and others, CFO Research sought
to analyze how companies are leveraging these networks gain a
competitive edge.
Their findings revealed that by communicating more freely with
their employees, suppliers, and customers, companies can draw on
previously untapped capabilities to address existing challenges and
spot new opportunities. Doing so enables them to deliver value to
every aspect of the business, from generating innovative product
ideas to gaining valuable market insight. They can also
incrementally increase profits.
“Mega-shifts in how technology is delivered, accessed, and used
are heralding in a new era of knowledge sharing and collaboration,”
says Tim Minahan, Chief Marketing Officer, Ariba. “Empowered by
social tools and business networks, companies are now able to
coordinate a virtual extraprise of partners into a shared community
and execute processes in a more collaborative and informed way than
in the past.”
This emerging form of collaboration, according to Hyatt, has the
potential to reshape the competitive landscape. “Network-based
collaborative tools have just begun to change how employees work
together and how enterprises manage their outside relationships,”
he writes. “But in an ultracompetitive era populated by lean
businesses, collaboration can drive productivity and lift financial
performance.”
Business networks have certainly opened the door to a new way of
collaborating. And as Hyatt notes in Collaborate to Win, “They may
be what differentiate the modern day competitor from competitors of
the past.”
On October 2, Ariba will host the first in a series of global
events at which industry thought leaders and executives will share
their insights on how companies of all sizes can plug in to today’s
Networked Economy and leverage social tools and business networks
to boost their productivity and profits.
For more information on these events, or to register, visit:
http://www.ariba.com/community/events/commerce-summits
About CFO ResearchCFO Research is the research affiliate
of CFO magazine, CFO.com, and CFO Conferences. CFO Research is part
of CFO Publishing LLC. CFO Publishing LLC, a portfolio company of
Seguin Partners, is the leading business-to-business media brand
focused on the information needs of senior finance executives. CFO
Publishing’s award-winning editorial content and loyal, influential
audience make it a valued resource for its readers as well as an
effective marketing partner for a wide range of blue-chip
companies. CFO Publishing has long-standing relationships with more
than 500,000 financial executives.
About Ariba, Inc.Ariba, Inc. is the world’s 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 Ariba Network 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.
Ariba Safe HarborSafe 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 Ariba’s 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.
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