Leading provider of collaborative business commerce solutions, Ariba, Inc., has announced that it has expanded its relationship with global glassmaker NSG Group. As per the new agreement, the NSG Grou…
Leading provider of collaborative business commerce solutions, Ariba, Inc., has announced that it has expanded its relationship with global glassmaker NSG Group. As per the new agreement, the NSG Group, which has been using Ariba as the platform to manage its business commerce activities since 2006, will tap into the comprehensive range of financial solutions available in the Ariba Commerce Cloud, to transform its invoice and payment processes and optimize cash flow and operations. NSG has already implemented Ariba Sourcing, Ariba Contract Management, Ariba Supplier Information and Performance Management and Ariba Savings & Pipeline Tracking. “In today“s economy, cash is king. But managing it is a challenge,” said Tom Rae, CPO, NSG Group. “To be successful requires visibility and control, and Ariba“s solutions provide us with technology and processes that will enable us to gain both.” “Continuing economic uncertainty has forced companies to focus on managing capital to an unprecedented degree,” said Peter Lugli, senior director, Working Capital Management and Business Development, Ariba. “With Ariba, the NSG Group has access to everything that“s needed to develop a fully automated and integrated cash management strategy that delivers bottom-line results – and to adapt this strategy as market and business conditions change.” Ariba“s financial solutions provide companies with technology, capabilities and a community so as to: o improve visibility and control across global operations; o reduce transaction and business costs; o mitigate risk and fraud; o achieve organizational efficiency and effectiveness; o comply with corporate and regulatory requirements; o effectively benchmark and measure performance. “In good times, making the most of day-to-day operating cash is prudent. In uncertain periods, it“s critical,” Lugli added. “With Ariba“s financial solutions, companies can not only make their cash work harder, but smarter.” The NSG Group reported sales equivalent to EUR 4.7 billion in the fiscal year ended 31 March 2010, and operates or has interest in, 49 float plants and employs around 28,500 employees worldwide. It has manufacturing operations in 28 countries on four continents and sales in more than 130 countries.
