SDCExec.com |

Atlanta — February 8, 2007 — Procuri, a provider of On Demand Supply Management solutions, today announced the availability of Procuri TotalSpend.

Built on 10 years of development and deployment, Procuri said TotalSpend automates and streamlines the spend management lifecycle, including advanced spend data extraction and classification, spend visibility and analysis, spend category management, and purchasing-team knowledge management. The company also touted that new offering is the first solution to enable enterprises to classify, analyze and act on detailed spend intelligence — all from a single platform.

Procuri TotalSpend expands upon the features and capabilities from TrueSource, a provider of spend intelligence and spend management solutions, which Procuri acquired in September 2006. The enhanced solution includes new features and enhancements in such areas as spend data management, spend analysis and spend category management.

"Previously available spend analysis, procurement and business intelligence solutions only addressed part of the spend management challenge," stated Rod True, senior vice president of Procuri's Spend Intelligence Solutions and former founder and CEO of TrueSource. "We've spent the past decade developing and enhancing the spend management capabilities of some of the world's largest enterprises. Procuri TotalSpend is the culmination of this experience, providing the first solution that truly addresses and automates all aspects of the spend analysis and management continuum. For the first time, managers and executives have a central database for spend intelligence, enabling them to quickly analyze, develop, and execute fact-based sourcing, supply, and business decisions."

AMR Research Research Director Mickey North Rizza said, "Procuri's integration of TrueSource completely onto one platform provides supply management teams with immediate information on spend for each role within the organization. This role based functionality is an opportunity to optimize across the supply management function and achieve greater spend under management."

TotalSpend is integrated into the Procuri On Demand Supply Management suite, which also includes solutions for strategic sourcing, contract management and supplier management.