Ariba Launches Cloud Trading Platform - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Cloud // Software as a Service
News
5/26/2010
02:51 PM
Connect Directly
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

Ariba Launches Cloud Trading Platform

Buyers and sellers gain one-stop, software-free selling and procurement. IBM adds collaboration and social networking tools.

Ariba is bringing together its network of buyers and sellers, its matchmaking capabilities and its trading tools and processes through a unified, Web-based environment called Ariba Commerce Cloud. To communicate more efficiently on that platform, Ariba has partnered with IBM to bring trading partners cloud-based collaboration tools.

Announced at this week's Ariba Live event in Orlando, the Commerce Cloud unites the company's spend-management, finance-management, and sales-generation applications with a Discovery service designed to bring together buyers and sellers from within the firm's vast trading community. In recent years Ariba has converted most of its on-premise applications into discreet software-as-a-service offerings. Ariba Commerce Cloud is said to unite those services in the cloud, giving sales and marketing teams open access to network, procurement executives control over spend and risk, and finance departments efficient invoice, payment and capital-management processes.

Ariba's network is said to touch more than 300,000 companies, including 80% of the Fortune 500. The Discovery service helps these companies find each other through online-dating-style capabilities that match buyers with suppliers that meet their criteria. Ariba is layering in 10 years of transaction history from its network to help make the match.

"If a buyer is looking for, say, a plastic injection-molding firm in the Midwest, they'll find the 10 or 15 firms that meet criteria such as having ISO 9000 certification," said Ariba marketing chief Tim Minahan "They'll also see how they performed, how many RFPs they were invited to bid on and how many they won."

Though the partnership with IBM, Ariba will integrate cloud-based IBM LotusLive collaboration capabilities with Commerce Cloud. For example, suppliers could use LotusLive social networking features to promote their goods. Buyers could get the word out on requests for information. Once buyers identify potential suppliers, they could use discussion forums, e-mail, calendaring, instant messaging, secure file sharing and Web conferencing to streamline typically communication-challenged request-for-proposal processes.

"IBM LotusLive will be integrated with Ariba Commerce Cloud so it's a seamless experience rather than hopping around from Ariba to separate tools from separate companies," said Sean Poulley, vice president, IBM Cloud Collaboration.

The Ariba Commerce Cloud is freely accessible online, so buyers and sellers can see potential buyers and suppliers; when firms spot opportunities, they subscribe to a buying or selling process to do business on the platform. Exact costs and terms were not disclosed.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
IT Careers: Top 10 US Cities for Tech Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/14/2020
Commentary
Predictions for Cloud Computing in 2020
James Kobielus, Research Director, Futurum,  1/9/2020
News
What's Next: AI and Data Trends for 2020 and Beyond
Jessica Davis, Senior Editor, Enterprise Apps,  12/30/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll