By providing a comprehensive, integrated solution designed from the ground up to manage and optimize enterprise-wide spend, Ariba Spend Management allows financial service companies to streamline all their purchasing-related activities, from spend analysis to negotiation to supplier selection to payment. Whether for sourcing and purchasing office supplies, information technology, printing services, or contingent labor, Ariba Spend Management helps financial service firms realize significant process efficiencies and obtain better prices on all purchases - with product costs reduced up to 13 percent and process costs lowered by as much as 40 percent.