In addition to the Ariba Buyer implementation - which is targeted for pilot deployment by the end of the first quarter 2001 - PNC will build a private, online marketplace powered by Ariba Marketplace and Ariba Dynamic Trade.
Ariba Buyer will enable PNC to electronically aggregate purchasing from employee desktops and direct purchase orders to preferred suppliers and B2B marketplaces. PNC will first use Ariba Buyer to improve management of goods and services procurement for its regional and corporate operations nationwide. Under the terms of the agreement, PNC will use Ariba® Buyer™, Ariba® Marketplace™ Network Edition and Ariba® Dynamic Trade™ applications in a multi-phased implementation designed to streamline purchasing processes, reduce costs, create new business models and improve trading partner relationships. PNC Financial Services Group Inc., (NYSE: PNC), one of the largest diversified financial services organizations in the nation, and Ariba, Inc., (NASDAQ: ARBA), the leading business-to-business (B2B) eCommerce platform and network services provider, today announced that PNC will use the Ariba® B2B Commerce Platform™ to augment its robust set of eCommerce initiatives.
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