Ariba was founded in 1996 to enhance procurement processes using the internet. It provides spend management solutions to help companies analyze, understand, and manage spending to achieve cost savings. Ariba's flagship product is Ariba Buyer, which helps with procurement to payment processes. Ariba has over 200,000 customers, including 84 of the Fortune 100 companies. It offers solutions for sourcing, contracting, procurement, invoicing, and payments. Ariba was acquired by SAP in 2012.