Event spending.PlanSoft[R] Corp. and seeUthere[R] Technologies, two leaders in supplier marketing and corporate spend management solutions for the $300 billion global market for professional meetings and events, have merged to create OnVantage Inc. OnVantage consolidates the 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. of over 400 of the Fortune 500 companies and thousands of additional corporations and associations. Each buyer will have access to a network of more than 40,000 hotel properties and 30,000 meeting suppliers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). and
Asia. The combination creates a new marketplace--the OnVantage
Marketplace for Meetings[TM].
Bringing together an extensive vendor network and spend management solution for meetings and events, OnVantage will improve transaction efficiencies through better information and visibility for both buyers and suppliers, the companies said in an announcement. The OnVantage product set will offer online tools and offline services to support each step of the procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. process. "By uniting corporate buyers and meeting suppliers, OnVantage will make it easier for everyone to do business," explained John Chang Chang (chăng) or Yangtze (yăng`sē`, yäng`dzŭ`), Mandarin Chang Jiang, longest river of China and of Asia, c.3,880 mi (6,245 km) long, rising in the Tibetan highlands, SW Qinghai prov. , chief executive officer and president of seeUthere. "Buyers will gain greater access to information about meeting suppliers and hotels, and meeting suppliers will reach quality corporate clients." Chang will lead OnVantage as the company's chief executive officer. Web: www.onvantageinc.com |
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