Ariba is using cloud computing to introduce fine-tuned cash flows to supply chain management, offering both buyer and seller more visibility and control over their working capital. "Pain points change," notes Peter Lugli, senior director in charge of the working capital management practice at Ariba. "Now cash is indeed king and working capital is getting a higher priority than ever, so tying up cash unproductively has become an acute pain point."
Ariba for years has staked out a position as a provider of high-tech spend visibility and control solutions, primarily for buyers. The Sunnyvale, Calif.-based company claims 91 of the Fortune 100 as customers and boasts a network of 300,000 suppliers. Now cloud computing is "letting us take things to the next level," Lugli says.
"Many supply chains are still mired in paper-laden, closed-loop systems," he says. "Without visibility and collaboration, corporate finance leaders are meeting the ups and downs of today's volatile business environment with one hand tied behind their back. Cloud-enabled technology, collaboration and community consciousness help companies better manage cash expectations among them."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.