Latest release of multi-tenant offerings enables companies to accelerate results by driving greater visibility, active compliance, and rapid adoption.

Ariba, the leading spend management solutions provider, has again raised the bar for software delivered as a service with the latest release of its on-demand offerings. Building on its existing robust functionality, Ariba has added more than 140 new capabilities across its solutions. The new features enable companies to drive greater visibility across all spend categories, active compliance from procurement through payment, faster enablement of suppliers and rapid adoption of spend management best practices.

'Technology-based solutions have driven radical improvements in sourcing and procurement over the last decade, yet substantial challenges remain,' said Bob Shecterle, Vice President, Solutions Marketing, Ariba.

'Companies still lack visibility into their spend at deep levels across the full organisation'.

'They struggle to enable suppliers to easily and quickly do business electronically'.

'Maverick buying is a common occurrence, and change management a difficult proposition'.

'With our latest on-demand release, Ariba takes these issues head on, providing companies of all types with an enhanced set of solutions that deliver the capabilities needed to proactively manage spend and accelerate bottom-line results'.

A unique combination of technology, commodity expertise and services delivered in a single, integrated platform, Ariba's on-demand solutions make it fast, easy and affordable for companies of all sizes to adopt spend management and generate rapid returns.

With its latest release, the company has set a new standard for on-demand spend management, delivering additional features and functionality that enable companies to:.

Gain Greater Visibility - When it comes to managing spend, what you can't see, can hurt you.

With Ariba Spend Visibility, companies can gain the most granular view of spend possible through new functionality that allows for deeper taxonomies, Bayesian classification and user loop feedback.

With custom taxonomies, companies can view and classify spend on an enterprise-wide basis according to the way it is purchased and how they are organised.

With the addition of Bayesian classification, companies need not choose between the speed of statistical classification and the consistency of rules-based approaches - Ariba provides both in a single solution.

And through enhanced data enrichment tools, companies can dynamically edit information to ensure increased accuracy and continuous improvement.

Drive Active Compliance - Sourced savings and negotiated contracts will not hit the bottom line without proactive verification of actual requisitions and invoices against detailed contract pricing and terms.

With Ariba's latest release, Ariba Procure-to-Pay Professional clients now can use compliance to contracts to curb maverick buying, catch supplier invoicing errors and close the spend management loop between strategic sourcing and transactional execution.

For lower cost of integration to popular financial systems, Ariba has also added pre-configured integration to SAP.

Spur Rapid and Broad Enablement - The success of any spend management solution depends on widespread supplier adoption.

With new functionality embedded across Ariba Buyer, Ariba Procure-to-Pay, Ariba Supplier Connectivity and Ariba Electronic Invoice Presentment and Payment, companies can facilitate the electronic enablement of their suppliers around the globe more quickly and efficiently than ever before.

Through Ariba's enhanced enablement capabilities, companies can initiate electronic enablement by sending purchase order transactions directly and immediately to suppliers over the Ariba Supplier Network, dramatically reducing the time to get them on board.

And with Ariba's new invoice conversion offering, companies can capture nearly 100 percent of their invoices electronically by converting invoices from paper-bound suppliers to electronic, line item-level invoices.

Accelerate Adoption and Results - Successful spend management is about more than automating processes.

It's about building capabilities and implementing best practices that drive measurable and sustainable results.

Software alone can't do this.

That's why Ariba wraps its on-demand solutions with the category knowledge, sourcing best practices and spend management expertise it has developed, and been recognised for, over the last decade.

With the latest on-demand release, these sourcing services are now available in flexible packages that companies can tailor to meet their unique objectives and risk profiles.

Whether they're looking to accelerate user adoption, generate quick savings, build capabilities, achieve process control or drive organisational change, Ariba's bundled services provide companies with the tools they need to accelerate spend management adoption and the results that they achieve.