September 21, 2011 posted by Allen Thompson
SAN FRANCISCO, Calif., September 21, 2011 – Aravo Solutions, Inc., the leading provider of on–demand Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, has joined with Spend Matters and Boston University (BU) to deliver a must-see webinar for sourcing, procurement and finance executives. The webinar will explore the challenges companies face in achieving the anticipated ROI from supply management systems, and how to use SLM solutions to solve these problems and quantify working capital as well as operational benefits.
Over the past decade, many companies have implemented a supplier management system only to be hindered by data quality issues. Supplier duplication, contradictory payment terms, and incomplete supplier records prevent these sourcing and procurement systems from delivering their anticipated ROI. As a result, supplier management teams find themselves inundated with supplier maintenance minutia rather than focused on strategic planning and relationship building. However, industry-leading organizations, like Boston University, have found that an effective SLM solution can help them solve these problems.
“With Aravo, our commodity managers spend more time developing and managing our preferred suppliers,” said Richard Stack, Director of Sourcing and Procurement at BU. “My team now has the ability to evaluate suppliers in multiple dimensions in order to effectively assess their value to the University.” During the webinar, Quantifying Supplier Management Returns: Hard Dollar Working Capital Improvement and Beyond, Jason Busch, Executive Editor of Spend Matters, will look at working capital as one of the benefits of supplier management, and provide a general overview of today’s current landscape in the sector. Then Richard Stack, will provide a case study example of how BU deployed Aravo’s supplier lifecycle management system to push the responsibility for data quality back to the source-the suppliers, as well as driving supplier process compliance to enable working capital and operational process savings of $16 million.
“At Aravo, we understand the challenges companies face as they attempt to do more with less across an increasingly complex supplier management landscape,” said Robert Shecterle, VP-Marketing at Aravo Solutions. “With this webinar, we want to help companies learn how a world-class organization like BU was able to meet those challenges, and measure the results in a variety of key business metrics.”
Join Aravo and Spend Matters on Friday, September 23rd from 10-11am Central for this exciting webinar. Click on this link to register today: Quantifying Supplier Management Returns: Hard Dollar Working Capital Improvement and Beyond.
The world’s best-run businesses utilize Aravo’s Cloud-based Supplier Lifecycle Management solutions and Supplier Risk Services to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. Aravo launched the market’s first SIM/SLM solution in 2004 and has been the leading innovator in the space ever since. Customers such as General Electric, Accenture, and Boston University rely on Aravo to manage information and processes for over 2 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, New York, Portland, Monterrey, Mexico and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and others. For more information regarding Aravo’s award-winning solutions please visit our website at https://www.aravo.com.
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