Prosero Taps Procuri to Ramp Up Outsourcing Services

Alliance to offer complementary services to Procuri customers

Alliance to offer complementary services to Procuri customers

Atlanta — March 9, 2004 — Prosero has selected Procuri's strategic sourcing solution to enhance the delivery of its procurement outsourcing services. The two companies also entered into a broader alliance to provide expanded strategic sourcing services to Procuri customers.

Procuri's Internet-based strategic sourcing technology will be used within Prosero's Procurement Center of Excellence, which the company said is used by procurement professionals to deliver best practice processes enabled by supporting technology. Prosero's outsourcing service offering supplements corporate procurement operations to maximize spend under management.

Prosero said it sought sourcing solutions to improve its strategic sourcing professionals' efficiency and reduce sourcing cycle times. The multi-year agreement with Procuri will enable Prosero to provide better control and execution of sourcing strategies, achieve return on investment goals and produce a competitive advantage, the company said.

With no software installation required, Procuri added that its customers realize cost and time savings in weeks.

"Prosero's value proposition rests on our ability to rapidly deliver results at a favorable cost to our customers," said Larry Hall, president and CEO of Prosero. "The Procuri best-in-class solution is easy to use and allows our sourcing professionals to work smarter and more efficiently throughout every phase of the sourcing process."

As a part of the broader alliance, Prosero said it would become a certified Procuri services partner, giving Procuri customers access to Prosero's strategic sourcing, contract deployment and compliance management services to complement internal resources.

"With Prosero, we are able to offer our customers extensive outsourcing capabilities. The combined offering enables companies, regardless of their purchasing organization's size or internal resources availability, to utilize the right mix of solutions and services to help their organization reach their savings goals," said Mark F. Morel, Sr., Procuri's president and CEO.