7-Eleven, Inc. Selects DETERMINE Software to Deploy Enterprise-Wide Contract Management Solution.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Leading Enterprise Contract Management Solutions Provider Delivers a Key Component in 7-Elevens's Broader Strategic Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. Initiative DETERMINE Software, Inc., a leading provider of enterprise software for managing contractual relationships, today announced that 7-Eleven, Inc. has chosen DETERMINE as the foundation for an enterprise-wide contract management rollout. As part of 7-Eleven's broader strategic procurement initiative, the solution is targeted at streamlining request-to-pay processes, while at the same time improving the overall compliance and performance across their trading-partner network. The solution will focus on helping to manage a wide array of contract types including indirect materials, capital equipment, repair and maintenance and others. 7-Eleven is the world's largest chain in the convenience retailing industry. The company operates or franchises approximately 5,800 7-Eleven stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada and licenses more than 21,000 7-Eleven stores in 17 other countries and U.S. territories throughout the world. During 2003, 7-Eleven stores worldwide generated total sales of more than $36 billion. "We selected the DETERMINE solution because it is adaptable a·dapt·a·ble adj. Capable of adapting or of being adapted. a·dapt a·bil for a wide array of contracts and processes," said Denis Denis, king of Portugal: see Diniz. Wojcik,
7-Eleven's information systems manager for contracts and finance.
"Because contracts in our organization are distributed across
multiple disciplines, the DETERMINE solution will allow us to more
uniformly standardize stan·dard·izev. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. our contract information, processes and standards throughout the company." For today's strategic procurement organization, the DETERMINE solution provides a critical link in the end-to-end procurement process, providing an effective means of ensuring that the cost and performance levels negotiated during the sourcing process are actually met throughout the life of the relationship. The solution is designed to integrate to and extend existing backend ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , sourcing and eProcurement solutions. After performing a thorough review of available contract-management solutions, 7-Eleven chose DETERMINE for its workflow and user interface characteristics. Additionally, the compatibility of DETERMINE's software platform with Microsoft Word-based contract writing and the ability for rapid deployment were also considered. The DETERMINE solution will be deployed behind-the-firewall in a HP-UX HP's version of Unix that runs on its 9000 family. It is based on SVID and incorporates features from BSD Unix along with several HP innovations. (operating system) HP-UX - The version of Unix running on Hewlett-Packard workstations. environment. "As 7-Eleven's business expands, leveraging corporate-wide visibility with their partner relationships will be key to their continued growth," said Richard Kreysar, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DETERMINE Software. "We plan to work closely with 7-Eleven to execute ongoing contract management best practices." About DETERMINE Software, Inc. DETERMINE is delivering a new generation of enterprise software for managing contractual relationships. Designed to extend existing transactional systems, the DETERMINE solution provides companies with the visibility and control they need to effectively manage the costs, performance and compliance of their critical business relationships. Moving far beyond first generation contract management tools, DETERMINE provides an extensible solution for aggregating contract information, accelerating lifecycle processes, enforcing contract compliance and managing supplier relationships. By transforming contract data into strategic business intelligence, DETERMINE dramatically increases supplier relationship performance, while effectively managing enterprise spend. Global 2000 companies, such as Ace Hardware, ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , Alcoa, Chevron-Texaco, Cummins and Triad Hospitals Triad Hospitals is a Fortune 500 company based in Plano, Texas. It operates 54 hospitals in the United States. In February 2007 it received a merger/buyout offer from another company, and then in March 2007 it received a superior merger/buyout offer from Community Health Systems of , have implemented the DETERMINE solution. Located in San Francisco, Calif., DETERMINE is venture funded by JP Morgan Partners, Mohr Davidow Venture Partners, New Enterprise Associates and can be reached at www.determine.com or 415-633-2400. |
|
||||||||||||||

a·bil
Printer friendly
Cite/link
Email
Feedback
Reader Opinion