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Emptoris Expands Supply, Contract Management Suite with Tools to Help Companies Weather Financial Downturn
New actionable visibility and agile contract management capabilities aimed at delivering bottom line savings and enable greater responsiveness to changing business conditions
Burlington, MA — October 6, 2008 — Solution provider Emptoris has rolled out an expansion to its supply and contract management offering, designed to provide even greater agility and actionable insights to companies looking to weather the financial downturn.
The suite expansion was announced at the Emptoris Empower 2008 Conference last week, which brought together senior executives, supply professionals and consultants to discuss supply and contract management best practices and strategies for addressing the challenges of an economic downturn.
"Economic uncertainty, globalization and the need for greater supply savings are driving a host of new challenges, as well as opportunities, for Global 2000 companies," said Avner Schneur, president and CEO of Emptoris. "The CEOs, CFOs and CPOs of leading companies that we work with have expressed to us a need for actionable visibility into their supply relationships and greater agility in their contractual relationships. Emptoris delivers on that economic imperative with this latest expansion."
"There is a quote from Jack Welch along the lines of, 'an organization's ability to inform itself, and then translate that learning into action rapidly, is the ultimate competitive advantage.' Well, I think that sums up what we've heard from our customers as well. 'Give us actionable information, give it to us quickly, and in a manner that we can easily digest and with which we can take action.' That's what this expansion of our suite is all about," continued Schneur.
According to a study conducted by the Economist, just one in 10 corporate executives has ready access to the information needed to make important business decisions. According to the Economist, over 50 percent of corporate executives report regular concerns about making business errors or poor decisions specifically because of a lack of real-time, relevant information. Eight out of 10 corporate executives rank improved information and data as the most critical factor in improving business decisions and performance.
Emptoris said that the expansions to its supply and contract management solutions are aimed at providing more actionable insights and greater agility and contractual relationships. The expansion spans Emptoris' Spend Analysis, Sourcing, Contract Management, Supplier Performance, and Compliance solutions.
The suite expansion was announced at the Emptoris Empower 2008 Conference last week, which brought together senior executives, supply professionals and consultants to discuss supply and contract management best practices and strategies for addressing the challenges of an economic downturn.
"Economic uncertainty, globalization and the need for greater supply savings are driving a host of new challenges, as well as opportunities, for Global 2000 companies," said Avner Schneur, president and CEO of Emptoris. "The CEOs, CFOs and CPOs of leading companies that we work with have expressed to us a need for actionable visibility into their supply relationships and greater agility in their contractual relationships. Emptoris delivers on that economic imperative with this latest expansion."
"There is a quote from Jack Welch along the lines of, 'an organization's ability to inform itself, and then translate that learning into action rapidly, is the ultimate competitive advantage.' Well, I think that sums up what we've heard from our customers as well. 'Give us actionable information, give it to us quickly, and in a manner that we can easily digest and with which we can take action.' That's what this expansion of our suite is all about," continued Schneur.
According to a study conducted by the Economist, just one in 10 corporate executives has ready access to the information needed to make important business decisions. According to the Economist, over 50 percent of corporate executives report regular concerns about making business errors or poor decisions specifically because of a lack of real-time, relevant information. Eight out of 10 corporate executives rank improved information and data as the most critical factor in improving business decisions and performance.
Emptoris said that the expansions to its supply and contract management solutions are aimed at providing more actionable insights and greater agility and contractual relationships. The expansion spans Emptoris' Spend Analysis, Sourcing, Contract Management, Supplier Performance, and Compliance solutions.
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