Austin-Tetra and SAS Form Strategic Alliance.IRVING, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to -- Austin-Tetra, a leader in supplier information for the global supplier and sourcing market, today announced that the company has formed an alliance with SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. to enhance the strategic sourcing activities for their mutual customers. By leveraging Austin-Tetra's business information management methodologies and comprehensive supplier intelligence services, SAS will help joint clients gain in-depth knowledge of their trading partners to reduce supply risk and improve their bottom line. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Best Practices in Spending Analysis: Cure for a Corporate Epidemic by Tim Minahan, analyst for Aberdeen, "Our research clearly found that the most successful spend data management initiatives rely on several factors including the establishing of efficient and repeatable data cleansing See address cleansing and data hygiene. and classification capabilities through the use of software or services. When coupled with accurate and timely supplier intelligence, this insight empowers companies to make sourcing decisions based on fact rather than gut instinct." Austin-Tetra and SAS combine expertise to extend service offerings by utilizing Austin-Tetra's best-in-class global supplier repository. SAS will help its clients in cleansing and enriching supplier master files, classifying their direct and indirect purchases, identifying diverse businesses, mitigating supply base risk exposure and standardizing supplier records with up-to-date information. "It is a great opportunity to partner with one of the world's leading software companies," said Phil Berkebile, Jr., 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 Austin-Tetra. "Corporations realize that accurate information is a necessary part of an effective spend management system in order to achieve real supply cost reductions." "We are pleased with the opportunity to offer our customers in-depth knowledge into their supply base," said Dennie Norman, director of supply chain intelligence solutions for SAS. "Through the combination of Austin-Tetra's proprietary data enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. methodologies and our best practices in data cleansing, classification and spend analysis, together we can provide a powerful source that enables spend visibility into our customers' supplier base." About Austin-Tetra, Inc. With headquarters in Irving, Texas, Austin-Tetra has been a leader in supplier intelligence for more than 11 years and offers the most comprehensive business information in the market ranging from business description and corporate linkage linkage In mechanical engineering, a system of solid, usually metallic, links (bars) connected to two or more other links by pin joints (hinges), sliding joints, or ball-and-socket joints to form a closed chain or a series of closed chains. to organizational size and creditworthiness Creditworthiness The condition in which the risk of default on a debt obligation by that entity is deemed low. Creditworthiness Eligibility of an individual or firm to borrow money. . The company sells services into the global supply chain management and strategic sourcing markets. Austin-Tetra's coverage includes more than 20 million U.S. businesses and more than 30 million foreign companies. Its solutions validate, enhance, and enrich information on existing suppliers and identify potential new suppliers. Company services provide customers with enterprise-wide visibility into their supply base enabling thorough analysis to help mitigate supplier risk and to leverage buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. to reduce supply costs. For more information, visit www.austintetra.com. About SAS SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence. SAS solutions are used at more than 40,000 sites -- including 96 of the top 100 companies on the FORTUNE Global 500(R) -- to develop more profitable relationships with customers and suppliers; to enable better, more accurate and informed decisions; and to drive organizations forward. SAS is the only vendor that completely integrates leading data warehousing See data warehouse. data warehousing - data warehouse , analytics and traditional BI applications to create intelligence from massive amounts of data. For nearly three decades, SAS has been giving customers around the world The Power to Know (R). For more information, please visit www.sas.com. |
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