New York November 20, 2002 Procurement software provider Zeborg this week released the latest version of its spend aggregation and analysis solution, improving the application's speed and usability and adding features for several vertical industries.
Zeborg said its ExpenseMap solution helps companies gain control over procurement by capturing spending data enterprisewide, uncovering excess spending and revealing savings opportunities that impact the bottom line.
Version 3.2 runs faster than previous iterations of the application by as much as 20 times, the provider said, and is easier to use. In addition, Zeborg said it has incorporated into the solution several new features designed to help financial services, insurance, energy and entertainment companies tap into the savings opportunities found in controlling indirect spending.
"Pressure to improve financial performance is at an all time high," said Jack Reich, Zeborg's CEO and president. "Indirect spending represents one of the last places for companies to save."
Reich said that, in Zeborg's experience, many large companies spend an average of $70,000 per employee on goods and services. Getting a handle on those costs can deliver rapid return on investment at a time when companies really need it, Reich asserted.
Further upgrades in the latest version of ExpenseMap include customizable bookmarks and standard reports to automate the process of creating reports that meet the unique needs of a variety of internal audiences, support for multiple currencies and improved security features.
Other improvements include expanded data dimension, enhanced reporting, crosstabs, graphs, preference and data dimension options.
The software can be a hosted application or sit behind the firewall.