AmBank Cashes in with Ariba

Leading Malaysian financial services group leverages Ariba’s cloud-based solutions to drive savings and build a platform for profitable growth

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Businesses and consumers throughout Malaysia rely on AmBank Group to manage their finances. Who does AmBank count on to reduce costs and streamline processes? Ariba, Inc. (NASDAQ: ARBA), the leading provider of collaborative business commerce solutions. Since March, AmBank, one of Malaysia’s premier financial services groups, has been using Ariba’s cloud-based offerings to drive savings and efficiencies across its operations in an effort to fuel long-term, profitable growth.

“Competition in the global financial services arena is more intense than ever and in order to gain advantage, we must manage our spend with the same diligence that we manage our assets,” said Ashok Ramamurthy, Group CFO & Deputy Group Managing Director, AmBank. “Ariba’s solutions enable us to identify opportunities for savings and drive efficient processes to ensure that they reach the bottom line.”

To identify savings and improve process efficiencies, AmBank has tapped Ariba^® Sourcing^™ On-Demand. A flexible, hosted solution that can be quickly and easily deployed, Ariba Sourcing On-Demand combines the technology, expertise and services needed to create effective markets for direct materials and indirect goods and services with best practice processes that companies can implement to improve the effectiveness of their operations.

“AmBank has used Ariba Sourcing to identify significant savings opportunities across a number of spend categories and to incorporate transparency and rigor into our internal processes that have enabled us to improve both our performance and profits,” Ashok added.

“To maintain advantage in today’s volatile and competitive business environment, companies must think outside the box and tap innovative tools and processes that enable them to efficiently and effectively manage their spend,” said Sudhir Grover, Regional Group Director, Ariba. “In turning to solutions delivered in the Ariba Commerce Cloud, AmBank has been able to quickly gain control of its costs, improve efficiencies and profitability.”

About The AmBank Group
The AmBank Group is one of Malaysia’s premier financial services group with leadership positions in the retail banking, commercial banking, investment banking and insurance sectors. With an established history and a track record of customer focus and innovation, the AmBank Group continues to serve its customers with a wide range of innovative products and services.

AmBank Group is ranked No. 14 in Malaysia’s 30 Most Valuable Brands 2009 and is recipient of a number of awards and accolades within the Finance community (including Best Local Private Bank in Malaysia : Euro Money 2010 and Best Equity House in Malaysia : Finance Asia 2010). More details can be found at www.ambankgroup.com.

About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba combines industry-leading technology to optimize the complete commerce lifecycle with the world's largest web-based community to discover, connect and collaborate with a global network of trading partners, delivering everything needed to control costs, minimize risk, improve profits and enhance cash flow and operations – all in a cloud-based environment. Whether you’re buying, selling or managing cash, you can do it more efficiently and effectively in the Ariba® Commerce Cloud. Over 325,000 companies, including more than 90 percent of the Fortune 100, use Ariba’s solutions to drive more efficient inter-enterprise commerce. Why not join them? For more information on Ariba commerce solutions and the results they deliver, visit 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.

Ariba Safe Harbor
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 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 risks and uncertainties arising from the possibility that a closing may be delayed or may not occur and 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; difficulties in assimilating acquired companies, 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-K filed with the SEC on November 23, 2010.

Ariba, Inc.Karen Master, 412-297-8177
[email protected]

Source: Ariba, Inc.