Leading convenience store company leverages Ariba’s on-demand solutions to launch and expand spend management initiatives
SUNNYVALE, CA, February 7, 2006 – Ariba®, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced that it has extended and expanded its relationship with Cumberland Farms, owner and operator of over 1,100 convenience store and gasoline facilities. Cumberland Farms has been using Ariba QuickSource™ since 2005 as its platform for launching spend management. Under the terms of a multi-year agreement, Cumberland Farms will continue to leverage Ariba’s technology, commodity expertise and spend management services to broaden its initiatives and drive greater results.
“In launching a spend management program, we knew we needed more than just technology,” said Ari Haseotes Director, Strategic Planning and Business Development, Cumberland Farms. “We needed commodity expertise, knowledge of market dynamics and insight into best practices, and we wanted it all in a single solution that we could get up and running quickly.”
A unique combination of managed software, commodity knowledge and spend management expertise, Ariba QuickSource is the only on-demand spend management solution that gives companies access to all of the tools needed to drive spend management success in a single, integrated offering. Offered on a subscription basis, the solution is an ideal way for companies of all sizes to start or grow their spend management programs.
“With Ariba QuickSource, we can structure and execute projects in ways that enable us to buy quality products that meet customer expectations and deliver them at competitive prices,” Haseotes said.
While identifying savings that it can pass along to its customers is the initial goal of Cumberland Farms’ spend management program, the company intends to leverage Ariba QuickSource to enhance its organizational efficiency by prioritizing sourcing projects and leveraging industry best practices.
“Cumberland Farms became a leader in its industry by relentlessly pursuing better ways to serve customers,” said Kevin Costello, Chief Commercial Officer, Ariba. “In selecting our integrated offerings to drive its spend management initiatives, the company is situated to drive savings and process efficiencies that allow it to maintain its superior standard of customer service and its advantage over competitors.”
About Cumberland Farms
Cumberland Farms today owns and operates over 1,100 convenience store and gasoline facilities in New England, New York, the Mid-Atlantic states and Florida. Over 600 of these locations are Cumberland Farms branded convenience stores, the majority of which have petroleum facilities. In addition, over 400 sites are owned and leased to individual franchisee dealers who market petroleum products under the "Gulf" and "Exxon" flags. As part of its integrated convenience store operations, Cumberland conducts ice cream and bakery operations, and owns and operates a 550,000 square foot warehouse distribution center located in Westboro, Massachusetts.
Ariba, Inc. is the leading provider of Spend Management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com.
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