Spend Management Takes Center Stage as Enterprises Focus on Working Capital

Sunnyvale, CA — July 17, 2009 — As the global economic crisis continues, all eyes are on spend management as companies of all sizes across industries are prioritizing strategies to minimize costs and risks while managing cash and performance in an effort to accelerate savings and drive long-term growth, asserts a recent report from spend management solution provider Ariba.

"As the global financial crisis wears on, leading organizations are elevating the strategic role of spend management and investing in the resources and processes needed to identify and realize savings now," said Hari Candadai, director of solutions marketing with Ariba and author of the Ariba report "The Return to Profitability: Spend Management Priorities to Accelerate Savings and Drive Long-Term Growth."