They garnered licensing agreements with major corporations that included Cisco Systems, Inc., and voicemail company Octel Communications Corp. These seven investors developed a prototype of their product soon after they incorporated in 1996. Their system would integrate seamlessly with existing enterprise financial systems, eliminate the middleman, and connect buyers and sellers directly. Using a set of crayons on the table, the entrepreneurs began to diagram their vision for using the new vehicle of the Internet to ease existing barriers to business communication and information transfer. A group of colleagues were talking out their frustrations over paper-based transactions that wasted time and resources in procurement and other business operations. Simple beginnings.Īriba’s history began in a Silicon Valley café in 1996. Compliance and competitiveness are enhanced as well. Ariba’s customers no longer have to struggle with the exchange of paper-based documentation when dealing with contracts, invoices, and payments. ![]() The Ariba Network is set up to provide a secure, cloud-based space in which trading partners can conduct a variety of transactions, as well as share new information and benchmarking practices. Ariba products enable clients to lower overhead costs, maximize profits, and minimize risk by achieving more efficient collaboration with vendors and business partners. Today, Ariba (as part of the German-based SAP family of companies), works to simplify business operations in a digital world. ![]() The story of Ariba’s growth since its founding in the mid-1990s is centered in its ongoing dedication to creating high-quality products and services that make customers’ lives easier.
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