Making Data Work for You

Rochville, MD  October 11, 2001  B2eMarkets Inc., a provider of sourcing solutions, announced that it has formed a partnership with Analytics Inc., the originator of Enterprise Spend Analysis. Under the terms of the preferred partnership, B2eMarkets will integrate the Analytics' Procurement Analysis Workbench platform with the B2eSourcing solution.

In a statement, the companies said they expect the integrated applications and marketing relationship will provide B2eMarkets' customers with the ability to capture and analyze goods and services spend data in order to identify and measure maximum total value savings across the enterprise. The two companies will co-market the integrated applications to Global 2000 customers.

To derive the greatest value from their sourcing activities, companies must have the ability to conduct detailed spend analysis from many different systems of record," said Orville Bailey, CEO and co-founder of B2eMarkets. "By adding Analytics' capabilities to our applications, our customers will have access to the most comprehensive and predictive strategic sourcing solution available."

In conjunction with Analytics' proprietary methodologies, the companies said the Procurement Analysis Workbench provides the customer with a set of tools that allows buying organizations to transform large amounts of information into actionable information. These tools are meant to enable B2eMarkets' customers to identify all their sources of spend and gather this data into a single, consolidated set of information representing the organizations' total expenditures on goods and services. These analytics, combined with the B2eSourcing planning, knowledge management and negotiation capabilities, will enable global companies to develop comprehensive purchasing strategies and savings forecasts that can be implemented across the entire enterprise.

"B2eMarkets has the global capabilities and strategic sourcing expertise to deliver our solution and supporting services to customers in a wide variety of sectors," said John Jensen, president of Analytics Inc. "This strategic partnership extends our commitment to providing buying organizations with the tools necessary to provide real savings for their bottom line."

The B2eSourcing solution institutionalizes corporate sourcing practices throughout the enterprise to achieve sustainable bottom-line savings across all categories of spend. Global companies have selected this Web-based solution to provide their sourcing professionals with tailored, technology-based applications for developing and executing complex sourcing strategies around the world.