Ariba Technologies Inc. said its Operating Resource Management System has been chosen by Canadian Imperial Bank of Commerce for internal electronic commerce needs.

The Canadian bank plans to integrate Ariba ORMS, a leader in the software category that includes corporate purchasing and travel and entertainment, with PeopleSoft financial systems. Andersen Consulting will be system integrator. All bank employees will be able to make requests and manage the relevant supplier processes from their desktops.

"The implementation of Ariba ORMS will allow us to accomplish our strategic objectives of simplifying and streamlining management of our operating resources," said John P. Miles, senior vice president and chief purchasing officer of Canadian Imperial.

He said the bank spends about $900 million on operating resources and expects ORMS to have a positive bottom-line impact.

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