
The company's stock more than tripled from the offering price on opening day, making the three-year-old company worth $4 billion. The pre-launch name was Procuresoft.Īriba went public in 1999 under Krach's leadership as CEO, and was one of the first business-to-business Internet companies to do an IPO. The name Ariba is a neologism, chosen by a branding company since it was easy to pronounce and spell. Company beginnings Īriba (now SAP Ariba) was founded in 1996 by Bobby Lent, Boris Putanec, Paul Touw, Rob Desantis, Ed Kinsey, Paul Hegarty, and Keith Krach on the idea of using the Internet to enable companies to facilitate and improve the procurement process, which was paper-based, labor-intensive, and inefficient for large corporations. It was acquired by German software maker SAP SE for $4.3 billion in 2012.

Onetime purchase with fixed quantities and pricesįor reoccurring purchases where goods or services may change over timeĪdjustable order amount with start and end dates.Īlong with purchasing, there are payments, reimbursements and other types of transactions in Ariba as well.

To get to know the benefits of our purchasing system, click here. Get to know the roles associated with Ariba by clicking here. Every transaction will require approvers to complete it.

Roles:Īny staff (employee) with a UW Net ID and password can access Ariba and begin a transaction. Like many systems, there is a vocabulary used for the Ariba system. To get to know some of these common terms, click here. Ariba provides sellers with the ability to manage catalogs, bids, purchases and invoices, and it provides buyers with the ability to search for suppliers, negotiate savings, procure goods and services, and track their spend. Ariba is the University's electronic procurement system to manage all ordering, purchasing, receiving, invoicing, sourcing, payments and reporting with a single point of entry.
