Sourcing/Procurement News
Most Read
Most E-mailed
E-mail Article
Print Article
Emptoris Launches Program to Guarantee Savings on Corporate Spending
Offer to ensure 7-15 percent savings on spend through program within three to six months, plus 2x ROI, or money back on investment in spend management solutions
Burlington, MA — April 29, 2009 — Spend management software company Emptoris has launched its Guaranteed Savings Program, aiming to ensure that Fortune 2000 companies will achieve projected savings of at least 7-15 percent on corporate spending addressed under the program.
The program also guarantees that a minimum return on investment (ROI) will be achieved rapidly, in as little as three to six months. The program is built upon Emptoris' expertise assisting Fortune 2000 companies achieve savings and leverages the company's software solutions.
"The recession and instability in the credit markets has CEOs and CFOs working overtime to preserve capital and intelligently reduce corporate spending," noted Avner Schneur, president and CEO of Emptoris. "Although most executives likely understand that spend management software solutions can help them address these challenges, some may be hesitant to move forward because of cost, time and other variables associated with implementing such a program."
Schneur said that the Guaranteed Savings Program aims to eliminate those concerns by offering quick and guaranteed spend savings in as little as three to six months. "The projected savings of 7-15 percent of addressed spending can represent significant positive cash generation for a company this fiscal year," Schneur said. "Emptoris is the first and only solution provider to offer such a program, and the first to 'put its money where its marketing is,' if you will."
The savings program combines spend management expertise and Emptoris' spend analysis, sourcing and contract management technologies, as part of an initiative to deliver hard savings. The program is open to, and ideally suited for, Fortune 2000 companies, and specifically those companies with between $1 billion and $15 billion in annual revenues, according to Emptoris.
The solution provider estimates a minimum savings for a $5 billion dollar company of between $15 million and $18 million within the first six to nine months of the program. The savings under the program are backed by a commitment to fully refund all program fees, plus a minimum "2x ROI," to ensure the savings outlined are achieved within the specified timeframe.
The program also guarantees that a minimum return on investment (ROI) will be achieved rapidly, in as little as three to six months. The program is built upon Emptoris' expertise assisting Fortune 2000 companies achieve savings and leverages the company's software solutions.
"The recession and instability in the credit markets has CEOs and CFOs working overtime to preserve capital and intelligently reduce corporate spending," noted Avner Schneur, president and CEO of Emptoris. "Although most executives likely understand that spend management software solutions can help them address these challenges, some may be hesitant to move forward because of cost, time and other variables associated with implementing such a program."Schneur said that the Guaranteed Savings Program aims to eliminate those concerns by offering quick and guaranteed spend savings in as little as three to six months. "The projected savings of 7-15 percent of addressed spending can represent significant positive cash generation for a company this fiscal year," Schneur said. "Emptoris is the first and only solution provider to offer such a program, and the first to 'put its money where its marketing is,' if you will."
The savings program combines spend management expertise and Emptoris' spend analysis, sourcing and contract management technologies, as part of an initiative to deliver hard savings. The program is open to, and ideally suited for, Fortune 2000 companies, and specifically those companies with between $1 billion and $15 billion in annual revenues, according to Emptoris.
The solution provider estimates a minimum savings for a $5 billion dollar company of between $15 million and $18 million within the first six to nine months of the program. The savings under the program are backed by a commitment to fully refund all program fees, plus a minimum "2x ROI," to ensure the savings outlined are achieved within the specified timeframe.
RSS Feeds
