Lane Clark & Peacock Drives Value for Clients with Ariba Spend Management
European-Based Partnership of Consulting Actuaries Leverages On-Demand Sourcing Solutions to Drive Down Costs for Pension Plan Clients
SUNNYVALE, Calif.--Ariba, Inc. (NASDAQ:ARBA), the leading spend management solutions provider, today announced that it has signed an agreement with Lane Clark & Peacock LLP (LCP), a partnership of consulting actuaries. Under the terms of the agreement, LCP will leverage on-demand sourcing technology from Ariba to streamline and enhance procurement processes on behalf of its pension plan clients.
“At Lane Clark & Peacock we are focused on providing innovative consulting services that enable our clients to effectively manage their pension plan finances and associated risks,” said Nick Curry, Partner, LCP. “To achieve our mission, we continually invest in leading edge solutions and processes that enhance the quality of our operations and allow us to maintain the high service standards that our clients have come to expect. In working with Ariba to implement an on-demand sourcing solution, we can streamline, standardize and enhance our negotiations with insurers and generate savings that increase the value we add for our clients.”
Lane Clark & Peacock joins a number of leading firms in the global banking, financial services and insurance industry that are leveraging Ariba® Spend Management™ solutions to reduce costs, improve profits and gain competitive advantage, including: ABN AMRO Bank NV, American Express Company, Allied Irish Banks, p.l.c., AXA France, BNP Paribas, Commerzbank AG, KeyCorp., National City Corporation, Merrill Lynch, Skandia Insurance Company Ltd. and Zurich Financial Services, among others.
“Competition in the global financial services arena is more intense than ever before and in order to successfully compete, providers of all types and sizes recognize that carefully managing their spend is as important as diligently managing client assets,” said Mike Arenth, Vice President and General Manager, EMEA, Ariba. “With the right solutions in place, financial service providers – from actuaries and securities firms to commercial banks and data providers – can not only lower their costs, but improve their operating leverage and drive growth.”
Ariba provides a robust, flexible, and comprehensive portfolio of spend management solutions to support financial services firms along every step of the way of transforming procurement into a core competency that drives competitive cost models and competitive advantage. With Ariba, organizations of all sizes have access to a complete range of technology embedded with category expertise and best-practice processes they can leverage across direct and indirect materials, services and MRO spend to quickly realize substantial cost savings and measurable efficiencies. Delivered on-demand, Ariba’s solutions are fast, easy and cost-effective to implement and complement ERP and other back-end systems, enabling companies to maximize and accelerate their results and returns on investment.
To learn more about Ariba Spend Management™ solutions and the value that they are delivering to companies around the world, visit www.ariba.com
About Lane Clark & Peacock LLP
LCP is a partnership of consulting actuaries, established in 1947. The firm has 65 partners and principals and a team of more than 400 employees across Europe. The firm specialises in providing its clients with practical, bespoke and robust solutions, covering corporate pensions, strategic investment advice, general insurance and specialist financial services including risk appraisal, business modelling and valuations.
The company offers its clients personalised service and proven expertise in a full range of actuarial and consulting services and prides itself on its long-standing successful relationships with its clients - many have been with the firm for more than 20 years.
About Ariba, Inc.
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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