South San Francisco, CA, July 22, 2002 Actuate Corp., a provider of information delivery solutions, announced that Elance Inc. has integrated Actuate into Elance 3, its services procurement and management (SPM) application suite, for more visibility into all categories of services expenditures.
Actuate is an information-delivery and business analytics platform that can be integrated in software applications to add reporting and ad hoc analysis capabilities. It enables OEM partners to provide all their application users with the information they need in interactive, parameter-driven, Web reports and full-function Excel spreadsheets.
With Actuate, Elance 3 will be able to deliver over 30 standard reports for both contractor- and project-based services, including services spend summary, supplier scorecards, spend by supplier, monthly service spend, request for proposal (RFP) by status and milestones tracking summary.
"Critical to making services a competitive advantage for an organization is providing visibility into supplier management, rate and compliance tracking, sourcing effectiveness and spend management," said Tim Reed, vice president of product strategy, Elance. "With Actuate, Elance provides us with the reporting and analysis needed to support intelligent business decisions across all phases of the services procurement and management process."
Actuate has more than 250 OEM customers whose products range from applications for electronic marketplaces to customer relationship management to professional services automation.