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Sourcing/Procurement News
Emptoris Upgrades Contract Management Solutions
New advanced sourcing service, opportunity identification, and global contracting


Burlington, MA — April 19, 2007 — Emptoris, a provider of enterprise supply and contract management software, announced today several differentiated offerings, including a new Advanced Sourcing Service for addressing high-value and high-risk categories of spend, an Opportunity Identification capability within the Emptoris Spend Analysis solution, and contract management innovations for governance of global contracting.

"Our research shows that most enterprises are not looking to [enterprise resource planning (ERP)] systems to provide the next level of procurement and sourcing value," said Vance Checketts, vice president, Global Supply Management at Aberdeen Group. "Rather than wait for the next big release or upgrade, leading organizations are adding innovative, best of breed application suites that extend their ERP investment. This provides immediate and lasting value."

Over 60 percent of the global economy relies on effective sourcing of very complex categories, according to Emptoris. These categories include transportation, packaging, print, and fleet vehicles, which often involve sourcing of $100 million of dollars or more in a single event. The savings potential is enormous, Emptoris said, often in the range of 14 to 23 percent, but so is the degree of complexity, which comes from hundreds of thousands of bids and the need to optimize millions of data points across hundreds of business constraints from various suppliers and stake-holders.

Due to changing market conditions, Emptoris explained that businesses today require greater nimbleness and sophistication in sourcing these categories. These businesses are also extremely sensitive to risks involved in e-sourcing these categories, due to the significant spend represented by each sourcing event.

The Emptoris Advanced Sourcing Service provides a turn-key solution for addressing high-value, high-risk spend categories. With the addition of this service Emptoris said customers can address any aspect of the sourcing spectrum, from traditional low-hanging opportunities, through the long-tail of diverse spend categories, and now the mega-events involving significant scale, complexity, and risk.

Emptoris said its solutions are widely adopted among Fortune 1000 and Global 2000 companies to provide critical functionality and to deliver bottom-line value that is unattainable with their existing ERP systems. More than 60 percent of Emptoris customers run SAP or Oracle ERP.

"Leading global corporations demand real and significant bottom-line returns from their technology investments," said Avner Schneur, CEO of Emptoris Inc. "We've worked with over 150 recognized leaders to impact their businesses. We do this with our unique solution DNA, our advanced capabilities, and our unique category and vertical expertise."