Ariba, announced recently that it has been named Best Supply Chain Management Company by Financial-i Magazine. Ariba was selected over Oracle, i2 Technologies and CSC as part of the publication's 2008 Leaders in Innovation Awards within the Treasury and FX category, Business Wire reported.

"The Financial-i Leaders in Innovation Awards provide recognition for banks and software and hardware vendors who are shaping the delivery of business solutions in wholesale transaction banking and who demonstrate an ongoing commitment to innovation," said Anita Hawser, editor of Financial-i.

Ariba was selected as Best Supply Chain Management Company based on its ability to provide solutions that are cost effective, help solve common business problems, are less time consuming and costly to implement, enhance overall efficiency and facilitate bank- to-bank and bank-to-customer communications.

"As the global financial crisis continues, it is imperative that companies have the tools they need to lower costs, minimize risk and position themselves for growth in the future," said Mike Arenth EMEA General Manager, Ariba." We are pleased that Financial-i recognizes Ariba's ability to deliver market-leading solutions that companies of all sizes can leverage to achieve these goals."