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Business, Finance, Occupation & Industry

MedAssets Enters into Strategic Partnership with Ariba

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By Business Wirevia The Motley Fool

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MedAssets Enters into Strategic Partnership with Ariba

Collaboration to Offer Increased Healthcare Supply Chain Efficiency from Requisition through Payment

ATLANTA–(BUSINESS WIRE)– MedAssets, Inc. (NAS: MDAS) today announced a multi-year strategic partnership with Ariba, an SAP company, that significantly expands MedAssets industry-leading supply chain management and outsourced procurement capabilities. The partnership offers healthcare providers and suppliers the industry’s most comprehensive electronic commerce platform, including requisition to purchase order (PO) transmission, shipment notification, invoice transmission and reconciliation workflow automation, expense posting, supplier payment and early-pay discount solutions.

Through this partnership, healthcare providers will be able to conduct fully automated e-commerce with the nearly one million companies connected to the Ariba® Network through the MedAssets eCommerce Exchange. The combination of MedAssets’ technology-enabled services with Ariba’s cloud-based applications and business network will deliver unparalleled cost management and healthcare provider-supplier collaboration opportunities. Providers, for instance, will be able to eliminate up to 100 percent of paper invoices received from suppliers using Ariba’s “smart invoicing” applications, which automatically validate supplier-initiated electronic invoices through a provider-managed rules engine and post them directly to their accounting system for true “touchless” processing.

“This strategic partnership creates a total transaction management solution for healthcare organizations. We will use the strength of the nation’s largest shared services procurement organization, with over $5 billion being transacted annually through our National Procurement Center, in combination with our world-class analytics and invaluable insights, to accelerate much needed savings initiatives for healthcare providers,” said John Bardis, MedAssets chairman, president and chief executive officer.

“Ariba’s solutions are natural extensions of MedAssets spend management and outsourcing capabilities. Our experience and analysis have found that healthcare providers’ accuracy of contract pricing and terms increases significantly, and their contract compliance can triple to more than 90%, when procurement is managed through a single solution platform,” Bardis continued. “We look forward to leveraging this partnership to deliver innovative procurement and accounts payable solutions that will minimize back-office administrative expenses, thereby affording healthcare providers the opportunity to reinvest such funds in direct patient care delivery.”

Using Ariba‘s cloud-based applications and business network, MedAssets can enhance and expand its capabilities and create even greater value for healthcare providers, including:

Business, Finance, Occupation & Industry

SHI and AGCO Collaborate to Win

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By Business Wirevia The Motley Fool

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SHI and AGCO Collaborate to Win

Companies plug into Ariba Network to simplify business commerce, boost performance and profits; SHI to share formula for success at Ariba LIVE

SUNNYVALE, Calif.–(BUSINESS WIRE)– Buying and selling indirect goods and services is a challenge for businesses. But SHI International Corp., a multibillion-dollar global provider of technology products and services and the largest Minority and Women-Owned Business Enterprise (MWBE) in the United States, and AGCO, a leading global manufacturer of agricultural equipment, have found a way to simplify it. Taking a page from the consumer playbook, the trading partners have tapped into Ariba, an SAP Company and the world’s business commerce network, to connect and transact business more efficiently and effectively – and boost their performance and profits in the process. SHI will share its formula for success at Ariba LIVE, the business commerce event of the year, which will take place May 6-8 at the Gaylord National Resort and Conference Center in Washington, D.C. Registration for the event is open today at: www.aribalive.com


The Buyer’s Dilemma

With five locations across North America, multiple ERP systems running at each of them and no standard process in place for purchasing, AGCO often had difficulty understanding what it was buying and from whom. “As a result, we were missing opportunities for significant savings,” said Eric Deese, Purchasing Analyst, AGCO.

In addition, AGCO was still receiving invoices and sending payments manually, driving up costs and error rates.


The Seller’s Struggle

In an effort to streamline the purchasing process for its customers and enhance relationships and retention, SHI began connecting to them electronically. “This required setting up and maintaining multiple point-to-point relationships via EDI, fax, phone, email, print, mail, and stand-alone web catalogs, which was both costly and time-consuming,” said John D’Aquila, Applications Support Manager, SHI.


An Innovative Solution

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

CSC Transforms Supply Chain through Ariba

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By Business Wirevia The Motley Fool

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CSC Transforms Supply Chain through Ariba

Leading provider of technology-enabled business solutions leverages cloud-based applications and business network to improve performance and profits

SUNNYVALE, Calif.–(BUSINESS WIRE)– Ariba, an SAP Company and the world’s business commerce network, today announced that as part of a sweeping initiative aimed at streamlining key business processes, CSC will tap into the Ariba® Network and leverage a number of the cloud-based applications delivered on it to streamline and enhance its procurement process.

“Over the past five decades, technology has radically changed the world we live in,” said Mike Shove, Vice President, Global Supply Chain and Demand Management, CSC. “We have remained at the forefront of our business because we have understood how to use technology change and innovation to deliver value to our clients. By applying this same discipline to our own supply chain – and doing it in the cloud – we can quickly drive improvements across our business that enhance our performance and, ultimately, the results that we help our clients to achieve.”

Among the Ariba applications that CSC will use to achieve its objectives: Ariba Sourcing On-Demand™, Ariba Procure-to-Pay™,Ariba Contract Management™and Ariba Supplier Information and Performance Management™

With Ariba Sourcing, CSC can create a standard, best-in-class procurement process. Using Ariba Procure-To-Pay it can control and monitor this process and drive immediate process efficiencies and cost savings. With Ariba Contract Management, the company can connect directly with customers when creating, negotiating, executing, and managing the ongoing administration of contracts and drive greater efficiency, lower administrative costs, and improved relationships that result in higher-value agreements. And through Ariba Supplier Information and Performance Management, CSC can more efficiently discover, connect and collaborate with key trading partners, monitor and drive their performance and assess compliance and manage risk on an ongoing basis.

CSC will integrate these solutions with its SAP system, to increase its efficiencies and savings and maximize its investments. Integration is fast and easy for SAP customers like CSC thanks to the open nature of the Ariba Network and rapid deployment solutions that allow for: