Corbus And Ketera Team To Optimize `Source-To-Pay' Services.NOIDA NOIDA New Okhla Industrial Development Authority (India) NOIDA Greater Noida Industrial Development Authority (India) , India & SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Corbus, the global leader in Procurement Outsourcing Procurement Outsourcing is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. , and Ketera, the leading provider of On Demand Spend Management solutions, today announced an alliance that will help optimize source-to-pay services for customers by bringing together expertise in spend management, technology enablement and continuous process improvement. Both companies will leverage each other's service and solution offerings to improve customer metrics related to Quality, Cost, Delivery, and Compliance (QCDC QCDC Quad Communities Development Corporation (Chicago, Illinois) QCDC Quick Connect Disconnect QCDC Quantum Chromodynamic Compton ) and help customers reach greater scales of cost productivity. Under terms of the agreement, both companies will leverage each other's strengths in procurement and outsourcing to help joint customers manage non-strategic spend, processes, and procurement infrastructure so they can instead focus more of their internal resources on strategic spend initiatives. "We are enthusiastic about our alliance with Ketera because we see great value for our customers in utilizing the pioneering innovations of both companies," said Rakesh Mittal, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at Corbus. "Together, we will offer joint solutions that will enhance customer's operational efficiency, reduce procurement costs, improve spend compliance and increase spend under management, thus enabling them to achieve sustainable competitive advantages." "Ketera recognizes Corbus as a leader and innovator in the business of spend management outsourcing," says Tom Webb, vice president of business development at Ketera. "As such, this partnership will help drive new and innovative on demand spend management solutions, resulting in significant cost-savings and quality improvements for our joint customers." Corbus has managed billions of dollars of procurement for several Fortune 500 companies and has exceeded in Quality, Cost, and Delivery (QCD n. 1. (Physics) Quantum chromodynamics. Noun 1. QCD - a theory of strong interactions between elementary particles (including the interaction that binds protons and neutrons in the nucleus); it assumes that strongly interacting particles ) milestones. Corbus is also known for its ability to work in true partnership with customers to innovate and bring process cost reduction exceeding 20% in the first year of engagement using its Global Collaboration Model. About Corbus Corbus, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Soin International LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , is a global leader in providing IT and Supply Chain services and solutions. Corbus ensures an adaptable and flexible business model to help its clients develop and achieve cost-effective key strategic initiatives. With a strong presence in US, Europe, & Asia-Pacific markets, and a Global Delivery Center in India, Corbus has been providing services across a wide industry base that includes "Fortune 50" organizations. Corbus is a leading Supply Chain services provider with high focus on Information Technology Outsourcing Information Technology Outsoucing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in refence to Business Process Outsourcing or BPO, which is the outsourcing of the work that does not require so much and Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in . Corbus' global presence, scalable and sustainable world-class infrastructure, business continuity processes, and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001: 2000 & SEI CMMi Level-5 software maturity, makes it a preferred service provider for many leading organizations worldwide. The Corbus management team consists of highly experienced professionals with significantly diverse backgrounds and industry expertise. For further information on Corbus, visit our website at www.corbus.com About Soin International Soin International is a private multinational holding company that provides strategic management, administrative systems and financial support to a diverse array of subsidiaries and affiliates. The Soin International portfolio of companies provides a variety of high-tech solutions, engineering services and manufactured products. Headquartered in Dayton, Ohio, Soin International companies serve global customers through offices in North America, Europe and India. The most prominent success among Mr. Soin's investments is the Modern Technologies Corp., now known as MTC mtc - A Modula-2 to C translator. ftp://rusmv1.rus.uni-stuttgart.de/soft/Unixtools/compilerbau/mtc.tar.Z. Technologies, Inc., which is listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on stock exchange. About Ketera Ketera is the fastest-growing provider of on-demand spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending. Ketera's closed-loop spend management solutions include applications for spend analysis, sourcing, contract management, procurement, supplier enablement & content management, supplier performance management, and invoice management. Since its inception, Ketera has supported enterprises customers of all sizes, industries and geographies, including numerous Fortune 500 companies. In 2006, Ketera surpassed $4 trillion in spend analyzed and more than $1 billion in transactions between buyers and suppliers. Many of the world's leading enterprise companies, including ServiceMaster, American Express, Kennametal, Con-way, and Northrop Grumman Corporation depend on Ketera Spend Management to deliver real, hard-dollar savings quickly. For more information about Ketera and the Ketera Spend Management suite of services, please visit: http://www.ketera.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion