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ETA Ascon Star Group Saves 18 Million Dirhams with Ariba
Ariba, Inc. (NASDAQ: ARBA), the leading spend management solutions provider, today announced that, along with ETA Star Portal LLC, it has helped the ETA Ascon Star Group, a Dubai-based diversified company, drive over 18 million dirhams ($4.9 million dollars) in savings across its operations. An early adopter of Ariba® Sourcing™ On-Demand, ETA has successfully leveraged the solution to standardize its sourcing process, aggregate its spend and deliver fast, measurable results by sourcing more than 200 million dirhams ($55 million dollars) in spend in various categories.
July 25, 2009 12:00 by Aarti Nagraj
Dubai-based companies leverage Ariba’s on-demand solutions to standardize sourcing and quickly deliver results
Ariba, Inc. (NASDAQ:
Based on its success with Ariba Sourcing, ETA Group has entered into a separate agreement through its group company Star Portal LLC to become Ariba’s partner to sell Ariba® Spend Management™ solutions within the Middle East.
“To remain competitive in today’s economy, companies must find opportunities for cost reductions and quickly convert them into hard-dollar savings,” said Arif B. Rahman, Group Director, Finance & Member of the Board of ETA Ascon Star Group. “Within a few weeks of implementing Ariba’s on-demand sourcing solution, we were able to drive significant savings across our operations as well as process improvements that have increased our productivity.”
A robust and flexible offering, Ariba Sourcing On-Demand combines the technology, expertise and services needed to create effective markets for a wide range of direct materials and indirect goods and services with best practice processes that companies can implement to improve the efficiency and effectiveness of their procurement operations and create value across their entire organization. Delivered as a hosted solution, Ariba Sourcing On-Demand requires no investments in special hardware and can be quickly and cost-effectively implemented across locations and geographies.
“The current state of the global economy has pushed every organization to take a close look at their spend and take action to effectively control it,” said
“We are always striving to find solutions that will help our customers gain a distinct advantage in the highly competitive market place,” Rahman said. “Ariba provides us with industry-leading technology that we can use to increase the efficiency of the sourcing process and drive fast, measurable savings that positively impact our customers’ bottom lines.”
More than 1,000 companies around the world, including over half of the Fortune 100, use Ariba’s solutions to lower costs, minimize risk and improve competitive advantage.
For more information on Ariba’s on-demand spend management solutions and the value they deliver, visit www.ariba.com
“As the global financial crisis continues, companies must find innovative ways to manage both costs and cash,” said Daryl Rolley, Senior Vice President and General Manager,
About ETA Ascon Group
ETA ASCON Group established 35 years ago is primarily an engineering & construction firm in the U.A.E. with expertise ranging from Civil Construction to Electro Mechanical, Elevator Engineering and Facilities Management. Since its inception in 1973, the firm has completed projects in Billions and numerous landmarks in the Emirates stand testimony to the firm’s engineering capabilities. The company is a part of Al Ghurair Investment, who are the most revered and leading business house in the
Star Portal LLC
Star Portal LLC is a subsidiary of the $5 billion ETA Ascon Star Group. Incorporated in 2001, Star Portal LLC is an e-business solutions company offering varied web-based development services from e-commerce enabled solutions, content management solutions, e-sourcing and spend management solutions. For more information, visit www.starportal.com
About Ariba, Inc.
Ariba, Inc. is the leading provider of on-demand spend management solutions. Our mission is to transform the way companies of all sizes, across all industries, and geographies operate by delivering software, service, and network solutions that enable them to holistically source, contract, procure, pay, manage, and analyze their spend and supplier relationships. Delivered on demand, our enterprise-class offerings empower companies to achieve greater control of their spend and drive continuous improvements in financial and supply chain performance. More than 1,000 companies, including more than half of the companies on the Fortune 500, use Ariba solutions to manage their spend from sourcing and orders through invoicing and payment. For more
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Star Portal LLC