Aviva India Selects Ariba For Spend Management

Ariba has announced that it has been selected to power a comprehensive spend management initiative for Aviva in India. Under the terms of a new agreement, Ariba will use its technology to help Aviva India streamline its outsourcing process.

"The Indian banking and financial institutions segment (BFSI) is expanding at a rapid pace, and in order to keep up and maximise our opportunities for growth, we must diligently manage our expenses," said Abhay Johorey, Director, Transformation & Services, Aviva India. "Leveraging Ariba’s solution and expertise, we have implemented a more efficient process for outsourcing that has improved our productivity and lowered our costs. We have implemented this recently and we have already seen a significant change in our ROI, identifying savings in the range of eight to 32 percent across key categories such as information technology, printing, travel, training, infrastructure and transportation."

"Spend Management is a critical business imperative that an increasing number of banking and financial service firms are embracing," said T.Sivakumar, Group Director, Ariba Asia South. "Through our industry-leading technology and spend management expertise, Aviva India can effectively manage its costs, reduce risk, drive compliance ultimately, increases its advantage in the competitive global marketplace."

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