|By Business Wire||
|October 23, 2012 08:32 AM EDT||
Finding opportunities for savings is one thing. Getting them to the bottom line is another. Ariba, an SAP Company and the world’s business commerce network, today announced that it has signed an agreement with Hexagon Metrology, leading global provider of products and services for all industrial metrology applications in sectors such as automotive, aerospace, energy and medical, to help the company quickly and easily do both. As part of ongoing efforts to enhance its performance, and ultimately profits, Hexagon Metrology will implement Ariba® Spend Visibility™ to identify opportunities for cost reductions across its business and convert them into hard-dollar results.
“Hexagon Metrology understands the importance of innovation in meeting the ever-changing needs of our business, and that opportunities must be nurtured and developed quickly,” said Nick Housley, Procurement & Logistics Director, Hexagon Metrology. “Ariba’s solutions provide us with rapid access to market-leading technology and intelligence that we can use to identify areas for savings and ensure that they materialize through a more efficient and effective sourcing process.”
A unique cloud-based application, Ariba Spend Visibility combines an industry leading knowledge classification base with advanced technologies and a database of more than 150 million suppliers to enable rich and accurate classification and enrichment of spend across all categories, systems and divisions. Leveraging an integrated spend management dashboard, companies can gain a 360-degree view of all purchasing activity and data. And through a powerful yet easy-to-use reporting engine with comprehensive data enrichment, they can obtain deep and ongoing visibility into both internal purchasing and external supply and sourcing market dynamics.
“Hexagon Metrology has a deep commitment to innovation and redefining what is possible,” said Henrik Smedberg, Managing Director - Ariba Nordics. “With Ariba Spend Visibility, Hexagon has the tools necessary to streamline its costs and create efficiencies that move its business forward.”
More than 170 companies currently use Ariba’s visibility solutions to manage their spend. To learn more about the offerings and the value they can deliver to your organization, please visit: www.ariba.com/go/visibility.
About Hexagon Metrology
Hexagon Metrology offers a comprehensive range of products and services for all industrial metrology applications in sectors such as automotive, aerospace, energy and medical. We support our customers with actionable measurement information along the complete life cycle of a product – from development and design to production, assembly and final inspection.
With more than 20 production facilities and 70 Precision Centers for service and demonstrations, and a network of over 100 distribution partners on five continents, we empower our customers to fully control their manufacturing processes, enhancing the quality of products and increasing efficiency in manufacturing plants around the world. For more information, visit www.hexagonmetrology.com.
Hexagon Metrology is part of Hexagon (Nordic exchange: HEXA B). Hexagon is a leading global provider of design, measurement and visualisation technologies that enable customers to design, measure and position objects, and process and present data.
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 195,000 customers (includes customers from the acquisition of SuccessFactors) to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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