The world’s fourth largest privately owned water company is using on-demand spent management software to cut procurement costs and improve process efficiency.

Severn Trent is currently using Ariba Sourcing On-Demand Basic software as the basis for an aggressive spend management programme, launched as part of ongoing efforts to strengthen its position as a leading water company in the UK.

“At Severn Trent, we’ve set our sights on becoming a leader in the UK,” said Larry Beard, Severn Trent director of purchasing. “In order to do this, we must effectively manage our spend while maintaining our high quality standards and levels of service. In partnering with Ariba, we have the technology, expertise and services we need to achieve our goals.”

The Ariba system is designed to structure and execute online negotiation processes more effectively and will form a key part of the company’s drive to cut costs and improve value.

“Severn Trent is deeply committed to introducing new technologies and processes that enable us to drive continuous improvement across our business,” said Rachel West, e-sourcing manager, Severn Trent. She added that it offered a "set of tools that we are using successfully to streamline our procurement process and generate savings and efficiencies that positively impact our bottom line and ultimately, our customers”.