When it comes to managing spend, most companies have technologies in place to help them do it. But when it comes to ensuring that savings identified through these technologies actually materialize, few have the tools or capabilities to make it happen. Cardo, a world-leading supplier of industrial doors and logistics systems, wastewater treatment systems, process equipment for the pulp and paper industry and garage doors, is no longer among them. Under the terms of a newly-announced agreement, the company is implementing offerings from Ariba, Inc. (NASDAQ: ARBA), the leading provider of collaborative business commerce solutions, to create and enforce an efficient procurement process through which it can not only find opportunities for savings, but convert them to hard-dollar results.
“Ariba provides us with a powerful, yet easy-to-use solution which we can use to drive a completely automated procurement process that yields bottom-line savings and efficiencies that benefit our company and our customers around the globe.”
“At Cardo, we believe that less is more. Less paper equals more efficiency and improved performance and results,” said Katarina Tollin, Vice President, Procurement, Cardo. “Ariba provides us with a powerful, yet easy-to-use solution which we can use to drive a completely automated procurement process that yields bottom-line savings and efficiencies that benefit our company and our customers around the globe.”
To drive this process, Cardo is implementing Ariba® Procure-to-Pay™. A unique software solution delivered as a service through the Ariba Commerce Cloud, Ariba Procure-to-Pay provides companies with all of the tools necessary to dynamically manage suppliers, processes, budgets, approvals and payments on a global basis. Using the service, Cardo can:
Maximize its purchasing leverage through compliance to contracts
Ensure that spend is authorized prior to commitment
Reduce and control the risk of error, abuse and fraud
Provide a clear understanding of commitments and liabilities
“As a company, Cardo directly addresses some of the greatest challenges that face our planet: water shortage and growing demand for transportation and energy solutions,” said Mike Arenth, General Manager, Ariba, EMEA. “In embracing Ariba Procure-to-Pay, the company is tackling another significant issue that organizations around the world struggle with: compliance. With Ariba Procure-to-Pay, Cardo can quickly access the resources it needs as it needs them to standardize procurement and drive compliance across its processes, terms and relationships, ensuring that no money is left on the table.”
Cardo is a world-leading supplier of industrial doors and logistics systems, wastewater treatment systems, process equipment for the pulp and paper industry and garage doors. With sales of slightly more than SEK 8 billion and approximately 5,400 employees worldwide, Cardo delivers solutions that help to solve some of the greatest challenges of our time in the fields of water, transportation and energy. Corporate headquarters are located in Malmö, Sweden.
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba combines industry-leading technology with the world’s largest web-based trading community to help companies discover, connect and collaborate with a global network of partners – all in a cloud-based environment. Using the Ariba® Commerce Cloud, businesses of all sizes can buy, sell and manage cash more efficiently and effectively. Over 340,000 companies around the globe use the Ariba Commerce Cloud to simplify inter-enterprise commerce and enhance results. Why not join them? To get on the path to Better Commerce visit: www.ariba.com/commercecloud/