Clariant Transforms Invoicing with Ariba

Specialty chemical manufacturer implements cloud-based solution to fuel smart process that reduces errors, speeds approvals and drives compliance

SUNNYVALE, Calif., November 15, 2011 – An efficient accounts payable function. It’s something that all companies want, but few have been able to achieve. Clariant (SMI:CLN), an internationally active specialty chemical company, is out to change this. Since 2009, the company has been leveraging technology from Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, to enhance its procurement process. Now, the company has its sights set on transforming its end-to-end purchase order and invoice management process into an automated, efficient and smart one through which it can reduce errors, speed approvals and drive compliance.

“Purchase order (PO) and invoice management is a highly paper-intensive and error-prone function,” said Peter Beyeler, Global eProcurement & Automation Manager, Clariant. “As a company committed to operating at the highest levels of efficiencies, Clariant is taking action to fuel an automated process through which we can improve our cost structure and performance.” 

And it is relying on Ariba® Invoice Management and PO Automation to do it. Delivered on-demand via the Ariba Network, the solutions provide Clariant with market-leading technology that it can use to:

  • Move to a completely paperless PO & invoice management process in 100 days
  • Reduce operating costs by 70 percent or more
  • Eliminate exceptions and simplify and accelerate dispute resolution
  • Minimize risk of overpayments, duplicate payments and fraudulent payments
  • Comply with corporate and regulatory requirements
  • Effectively benchmark and measure performance

“Accounts Payable teams spend inordinate amounts of time and effort processing paper invoices – from matching them with contracts and tracking POs and goods receipt to correcting errors and fielding supplier inquiries. Yet most companies still have limited visibility into the process, leaving them exposed to risks like overlooked billing discrepancies, missed discounts, and overpayments,” said James Tucker, Director of Marketing, Invoice and Payment Solutions, Ariba. “With Ariba Invoice Management and PO Automation, Clariant can execute a smart invoicing process that delivers greater visibility and control, improved contract compliance, and stronger supplier relationships.”

Clariant will use the Ariba Invoice Management and PO Automation in conjunction with Ariba® Procurement Content, which it implemented two years ago to drive a more efficient procurement process from order to receipt. A cloud-based solution delivered via the Ariba Network,Ariba Procurement Content integrates with Clariant’s SAP® system and provides the company with a complete content source of approved goods and services through a single user interface. Using the solution, Clariant is able to:

  • Requisition any type of good or service
  • Create a consumer-like shopping cart to simplify search, comparison, and buying
  • Rapidly enable supplier catalogs to maximize spend coverage and term compliance
  • Consolidate management of goods and services and optimize spend control
  • Automate catalog verification to speed catalog updates, reduce workload, and improve catalog accuracy
  • Identify and more efficiently collaborate with suppliers
  • Drive greater usability and increase adoption

“We recognized early on that the key to user adoption of any procurement system is providing an easy-to-use tool with current content,” Mr. Beyeler said. “Ariba Procurement Content lets us deliver a simple and intuitive shopping experience so that we can drive more spend through our system, ensure compliance with our contracts and realize greater savings.”

Clariant joins a growing number of ERP users who are leveraging Ariba’s solutions to extend the value of their systems by driving process efficiencies, transparency and better collaboration with the systems of their external trading partners.

 To learn more about Ariba’s offerings and the benefits they can deliver to your organization, visit www.ariba.com

# # #

About Clariant

Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16,200 employees as of December 31, 2010. In the financial year 2010, Clariant produced a turnover in excess of CHF 7 billion. Clariant is divided into twelve business units: Additives; Catalysis & Energy; Detergents & Intermediates; Emulsions; Functional Materials; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.

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 #application.suppliers_count# 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/
###
Copyright © 1996 - 2015, Ariba, Inc.
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 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; 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-Q filed with the SEC on May 5, 2011

For More Information

Karen Master
Ariba, Inc.
412-297-8177