|By Business Wire||
|February 11, 2014 08:30 AM EST||
Smart companies recognize that in order to achieve their objectives in today’s business environment, they must work more closely than ever with an increasingly global base of customers and partners. And they are leveraging a new breed of cloud-based solutions and business networks to do it. On March 18, Cabot Corporation, a global leader in specialty chemicals and performance materials, will discuss how it is tapping into Ariba, an SAP Company, to better manage its procurement process and trading relationships, at Ariba LIVE, the business commerce event of the year which kicks off March 17 at The Cosmopolitan of Las Vegas.
“Cabot has a strong history of technical product innovations,” said Douglas N. Cloutier, Director Corporate Purchasing & Advancement, Cabot Corporation. “By extending our innovative spirit to our own business processes and implementing transformational cloud-based solutions, we can drive efficiencies and savings that enhance our performance and ultimately, our bottom line.”
To deliver these results, Cabot connected to the Ariba® Network and is implementing a range of cloud-based offerings in conjunction with its Oracle system, including: Ariba Sourcing, Ariba Contract Management, Ariba® Procure-to-Order™ and Ariba Supplier Information and Performance Management™.
The Ariba Network is the world’s largest and most global business-to-businesses trading network, used by more than one million companies to transact over $500 billion in commerce on an annual basis. Cloutier is part of a blue-chip roster of executives and practitioners from leading companies set to present at Ariba LIVE and will share his insights and experiences into how companies can leverage the connectivity and insights of business networks to move beyond transactions and drive competitive advantage during one of more than 70 breakout sessions.
“Fueled by mega-shifts in how technology is accessed and delivered, companies are unleashing a new model for operating that is helping to improve their productivity, profits and ultimately, their advantage in an ultra-competitive marketplace,” said Rachel Spasser, Senior Vice President of Marketing, Ariba. “In leveraging Ariba’s cloud-based applications and business network, Cabot can coordinate a virtual extraprise of partners into a shared community and execute its procurement processes in a more collaborative and informed way that drives long-term, sustainable growth across its business.”
Registration for Ariba LIVE is open today. To reserve your place, visit: www.aribalive.com
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, fumed silica, aerogel, and elastomer composites. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.
About Ariba, an SAP Company
Ariba is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 253,500 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2014 SAP AG. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.
Follow SAP on Twitter at @sapnews.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)