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Sotreq Goes Paperless with Ariba

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^{Published in Science and Technology on Tuesday, November 1st 2011 at 21:23 GMT by Market Wire}  

SUNNYVALE, Calif.--([ BUSINESS WIRE ])--For years, Sotreq S.A., the leading reseller of heavy equipment in Brazil, managed its purchase orders (POs) and invoices manually. But the process led to errors and mistakes that were hampering its business and trading relationships. To remedy the situation, Sotreq knew it needed to do things more efficiently. And with the help of Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, it has done just that. Leveraging Aribaas Quadrem Network, Sotreq has successfully implemented a completely paperless purchase-to-order process through which it has been able to improve its efficiency, lower transaction costs and increase customer satisfaction.

"Sotreq is a saavy supplier that has proven its ability to meet the e-commerce needs of many of the worldas leading and largest companies"

aWe clearly needed more accuracy in matching PO data to invoices,a said Jos Miguel Gonalves, Contract Analyst, Sotreq. aAribaas Quadremas Network enabled us to almost completely eliminate mistakes and errors that arise when manually inputting data. And the agility and safety of Quadremas electronic process provides accuracy and stability and helps to improve our relationships with key partners.a

Aribaas Quadrem Network is used by buyers and suppliers across industries in more than 40 countries on six continents and allows trading partners to electronically connect and manage procurement activities a" from RFQ reception and response, order confirmation and invoice submission - more efficiently and effectively than ever before. Together, Quadrem and Ariba form the worldas largest global supply network, with over 700,000 companies transacting more than $200 billion in commerce on an annual basis.

Leveraging the Quadrem Network, Sotreq has been able to:

• Gain a single view into data across departments
• Increase order accuracy by nearly 100%
• Shorten transaction and delivery cycle timelines
• Eliminate work duplication and data inconsistencies
• Reduce administrative errors
• Improve accuracy on receivables and, ultimately, cash flow

aSotreq is a saavy supplier that has proven its ability to meet the e-commerce needs of many of the worldas leading and largest companies,a said Roberto Costa, Regional Vice President, Quadrem Brazil. aThrough the Quadrem Network, the company has been able to transform its relationships into more collaborative ones that yield greater for both parties.a

For more information on Ariba and its Quadrem Network and the value they can deliver, visit [ www.ariba.com ].

About Sotreq
Sotreq is the leading reseller of heavy equipment across 70% of Brazil. It also provides after-sales service including maintenance and repair. For more information on the company, please visit: [ www.sotreq.com.br/ ]

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 a" 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 700,000 companies around the globe use the AribaCommerce 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 a" 2011 Ariba, Inc.
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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 Aribaas 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 August 5, 2011.