From this morning's press release:
Dana-Farber Cancer Institute leverages Ariba's cloud-based solutions to improve visibility into and control over spend, drive contract compliance
In the face of rising costs and an increasingly tight regulatory environment, leading healthcare organizations are looking for ways to more efficiently manage spend and risk while driving compliance. And an increasing number are turning to Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, for help. The company today announced that it has signed a new agreement with Dana-Farber Cancer Institute, an affiliate of Harvard Medical School whose mission is to provide expert, compassionate care to children and adults with cancer while advancing the understanding, diagnosis, treatment, cure, and prevention of cancer and related diseases. Under the terms of the agreement, Dana-Farber will utilize Ariba® Contract Management™ to gain greater visibility into and control over its spend and fuel greater compliance with its contracting process.
"Dana-Farber must negotiate contracts that represent the best value for our organization and ensure compliance with them," said John Willi, Director of Materials Management, Dana-Farber. "Ariba Contract Management provides us with the technology and processes we need to do this quickly and delivers them in a flexible and cost-effective manner."
Complex Problems Easily Solved
Delivered on-demand through the Ariba Commerce Cloud, Ariba Contract Management delivers market-leading technology in a fully hosted environment with data security standards that exceed those of any enterprise company.
Ariba Contract Management helps legal, finance, procurement, and sales operations professionals manage all types of agreements, including supplier (buy), customer (sell), and internal contracts and is used by companies around the world to manage more than four million contracts each day. Ariba Contract Management enables companies to develop best-value agreements by delivering all of the tools needed to address the two major components of the contract lifecycle:
- Contract authoring tools including clause libraries and conditional templates
- Microsoft Word integration
- Contracting process standardization incorporating workflows and approvals
- Audit trail for internal and external/regulatory requirements
- Reminders and search and reporting capabilities as well as contract renewal activities
- Centralized electronic contract repository
- Search and reporting capabilities
- Task-driven notification alerts
- Expiry notification for improved renewal management
- Improved relationships resulting in more up-sell opportunities
"With Ariba Contract Management, Dana-Farber can connect directly with its trading partners when creating, negotiating, executing, and managing contracts across its organization," said Steve Markle, Senior Director, Solutions Management, Ariba. "And this means not only finding all of their contracts for greater visibility into what it's spending with whom, but improved relationships that result in higher-value agreements against which it can drive compliance."
Dana-Farber joins more than 80 organizations across the global healthcare industry who use Ariba's solutions to manage their commerce activities, including: the American Cancer Society, AstraZeneca, Bristol-Myers Squibb Company, Five Star Quality Care, Inc., Genzyme Corporation, GlaxoSmithKline, Hoffmann-La Roche Inc., Janssen Pharmaceutical & Research Foundation, Medtronic, Inc., Merck & Co., Inc., Novartis AG, Pfizer Inc., Ranbaxy Laboratories Limited, Roche Diagnostics Corporation, Roche Pharmaceuticals, Sanofi-Aventis, West Penn Allegheny Health System and many others.
To learn more about Ariba's solutions and the value they deliver, visit www.ariba.com.
About Dana-Farber Cancer Institute Dana-Farber Cancer Institute (www.dana-farber.org) is a principal teaching affiliate of the Harvard Medical School and is among the leading cancer research and care centers in the United States. It is a founding member of the Dana-Farber/Harvard Cancer Center (DF/HCC), designated a comprehensive cancer center by the National Cancer Institute. It provides adult cancer care with Brigham and Women's Hospital as Dana-Farber/Brigham and Women's Cancer Center and it provides pediatric care with Children's Hospital Boston as Dana-Farber/Children's Hospital Cancer Center. Dana-Farber is the top ranked cancer center in New England, according to U.S. News & World Report, and one of the largest recipients among independent hospitals of National Cancer Institute and National Institutes of Health grant funding.
About Ariba, Inc. Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba enables more efficient and effective buying, selling, and cash management by combining industry-leading software as a service (SaaS) commerce technology with the world's largest web-based global trading community and expert capabilities and services to augment internal resources and skills – all as a flexible, cloud-based service. The Ariba® Commerce Cloud™ delivers everything needed to control costs, increase sales, minimize risk, and enhance cash flow and operations. More than 330,000 companies, including over 80 percent of the Fortune 100, use Ariba's solutions to drive more efficient and effective inter-enterprise commerce. Why not join them? For more information on Ariba commerce solutions and the results they deliver, visit www.ariba.com.