CBRE Picks Ariba Software
- Jul 07, 2008
CB Richard Ellis Inc. has signed on with Ariba software and services, it has been announced. The firm has licensed the entire suite of Ariba’s On-Demand Spend Management Solutions. The Suite includes four main product solutions: Ariba’s Spend Visibility, Sourcing, Procure-to-Pay, and Contract Management programs. The Spend Visibility helps a business to gain a clear view into spending needs and habits, spotting areas for more cost saving. Ariba Sourcing negotiates prices. Procure-to-Pay is a software management solution that reorganizes orders, invoice and payments, and The Ariba Contract Management manages compliance worldwide. Hari Candadai, director of solutions marketing told CPN, “Now companies need to be up and running faster. The on-demand model is much quicker, offering a faster time-to–value system, with lower upfront costs. A company may need to lock into savings, which they can do with our sourcing solutions.” Candadai added that especially for global companies like CBRE, “with the economy’s challenges now, not only do they have to grapple with global competition, they must improve spend management performance.” The on-demand suite is hosted by Ariba. The company has web browser access, which eliminates the need to install or maintain any software or hardware and Ariba takes care of all security issues. What is unique with the on-demand solutions is that the combination of technology and solutions provides no time-consuming need to get behind the firewall for installation maintenance or instruction. CB Richard Ellis, according to 2007 revenue data, is the world’s largest commercial real estate firm. The company has 29,000 employees worldwide that work in more than 300 offices worldwide.