BMO Incorporates Ariba Technology to Deliver End-to-End Spend and Payment Solutions



    BMO to combine Ariba's On-Demand spend management solutions with its
    corporate payment and financial services to help clients cut costs and
    increase profits

    TORONTO and SUNNYVALE, CA, July 28 /CNW/ - BMO Spend & Payment Solutions,
a division of BMO Financial Group (NYSE, TSX: BMO) and a leading North
American commercial card issuer, and Ariba, Inc. (Nasdaq:   ARBA), the leading
spend management solutions provider, today announced that BMO will combine
Ariba's on-demand offerings with its Spend Solutions suite to deliver a fully
integrated source-to-settle process that enables clients to improve their
bottom line.
    Leveraging Ariba Spend Management(TM) solutions, BMO will create a single
bank interface through which clients can:

    
    -   Fully automate their purchase order, invoice receipt, invoice
        reconciliation and settlement processes
    -   Effect payments through purchasing cards and Electronic Funds
        Transfer (DEFT in Canada/ACH in the U.S.)
    -   Gain immediate access to a growing number of over 160,000 suppliers
        worldwide through the Ariba Supplier Network(TM)
    -   Leverage third-party financing and dynamic early payment discounts
    -   Efficiently monitor and control contract creation and performance
    

    "By combining Ariba's spend management solutions with our leading
corporate payment and financial services, we can help our clients quickly and
easily advance their spend and payment strategies through one convenient
provider," said Terry Wellesley, Managing Director of BMO Spend & Payment
Solutions. "This includes managing spend across all categories, from direct
and indirect goods and services to MRO and travel."
    BMO's Spend Solutions suite can be used by companies and organizations to
manage all critical elements of their spending cycle - from sourcing suppliers
and contract management to procurement and invoice presentment and payment -
with detailed analysis to help them track and control their capital. Depending
on their needs, clients may choose an individual component to augment their
existing system or they can implement a turnkey total solution.
    "While companies have always had to manage their spending, executives now
more than ever see spend management as crucially important to business
success. Our holistic approach enables clients to realize significant cost
savings, improve productivity and enhance compliance," said Mr. Wellesley.
"We've listened to clients who need this type of solution and are teaming with
Ariba to deliver a world-class spend management solution that will help
organizations deliver true costs savings and efficiencies throughout the
spending cycle."
    "BMO has a proven track record of delivering leading-edge solutions that
enable its clients to effectively manage their financial supply chains from
end-to-end," said Bob Solomon, Senior Vice President and General Manager,
Ariba Supplier Network. "By integrating Ariba's spend management solutions
into its portfolio, BMO is raising the bar on what is possible by providing
clients with offerings that can be quickly and easily implemented to reduce
risk, improve profits and increase competitive advantage."

    About BMO Spend & Payment Solutions

    A division of BMO Financial Group, BMO Spend & Payment Solutions
(formerly BMO ePurchasing Solutions) is a leading commercial card, spend and
payment solutions provider in North America. BMO Spend & Payment Solutions'
products are widely used by Corporations, non-profit and government sector
organizations to manage, control and gain better visibility into their
commercial spending.
    Through Harris N.A., a Midwest-based and wholly owned subsidiary of BMO
Financial Group, BMO SPS offers a comprehensive range of financial products
and services to U.S. public sector organizations.

    About Ariba

    Ariba, Inc. is the leading provider of spend management solutions to help
companies realize rapid and sustainable bottom line results. Successful
companies around the world in every industry use Ariba Spend Management(TM)
software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or
at www.ariba.com.





For further information:

For further information: Media Contacts: BMO Financial Group: Ralph
Marranca, Toronto, ralph.marranca@bmo.com, (416) 867-3996; Lucie Gosselin,
Montreal, lucie.gosselin@bmo.com, (514) 877-8224; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596; Ariba, Inc., Karen Master,
kmaster@ariba.com, (412) 297-8177; Michael G. Ettlemyer, Environics
Communications for BMO Spend & Payment Solutions,
mettlemyer@environics-usa.com or (203) 325-8772


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