Emptoris.Emptoris, a provider of Enterprise Supply and Contract Management solutions, has released the latest version of its Spend Analysis solution. The new spend analysis offering is designed to augment a company's enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (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. ), data warehouse and business intelligence (BI) strategies, and take those efforts to the next level in accuracy and spend visibility. The new offering includes a Spend Data Manager and a Real-time Spend Classifier, as well as major enhancements to Emptoris' Spend Analyzer and new Spend and Contract Visibility offerings. Emptoris, based in Burlington, Mass., is also offering new data extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration). consulting services, designed to dramatically accelerate the delivery timeline for comprehensive spend visibility. The company claims that customers can attain "enterprise-wide spend visibility in as little as three months, a marked improvement compared to companies that rely solely on an ERP, BI or data warehouse solutions." Emptoris Spend Analysis software augments these existing systems as either a service delivered on-demand or as "behind-the-firewall," on-premise software On-premise software refers to the use of an executable computer program (software) installed on the premises (in the building) of the person or organisation using such software. "We're a global company with widely dispersed operations and procurement needs," said Mitchell E. Plaat, vice president, procurement for Con-way, the freight carrier. "We selected Emptoris as the best solution to support our Procurement Modernization Initiative, which will significantly improve how we manage and execute our spending with 35,000 suppliers. This platform provides powerful workflow and sourcing management tools, and by instituting visibility through a common process, we are better able to categorize cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat , analyze and control spend performance, ultimately reducing our costs." Spend analysis drives more informed sourcing strategies by aggregating demand, leveraging purchasing volume, consolidating suppliers and maximizing savings from merger-driven strategies. Companies can also ensure spend compliance by realizing vendor rebates, reducing maverick spending, enforcing contract compliance and meeting budgetary goals. 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. research by Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. , this can yield savings of 2 to 15 percent across spending categories. Emptoris customers have analyzed more than $9 trillion in corporate spending from 440 billion transactions using Emptoris Spend Analysis, the company says, adding that Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
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