National City Deploys Procuri to Streamline Sourcing Processes

Financial holding company banks on on-demand solution to optimize processes, supplier/buyer collaboration

Financial holding company banks on on-demand solution to optimize processes, supplier/buyer collaboration

Atlanta — November 17, 2005 — Financial holding company National City Corporation has tapped an on-demand sourcing solution from Procuri as part of an effort to optimize its sourcing processes and supplier/buyer collaboration.

Headquartered in Cleveland, National City is one of the nation's largest financial holding companies, operating through a banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania.

The company has signed up to use Procuri TotalSource, which is intended to help its users develop sourcing best practices and to aid sourcing professionals in making total best value decisions while ensuring set requirements are met.

"By automating their strategic sourcing processes, financial services and insurance institutions can create significant cost savings by improving decision making, enforcing best practices across multiple spend categories and creating the best value mix of global suppliers, products and services," Procuri said in announcing the customer win.

National City also uses Procuri TotalContracts to help manage a variety of contracts enterprise-wide. Procuri said that TotalContracts enables companies to reduce costs, improve operations and streamline process cycles for purchasing from multiple spend categories.

"The need for effective and efficient business performance has never been greater," said Mark F. Morel, president and CEO for Procuri. "Purchasing departments are under continuous pressure to cut costs to keep up with competitors, but also to negotiate favorable delivery dates, quantities, quality and other non-price items. Procuri alleviates that pressure and enables our customers to develop creative new approaches to seemingly complex issues with ease and efficiency."

Additional Articles of Interest

— SAS audits can help ensure that your supply base doesn't trip up your Sarbanes-Oxley compliance. Read about SAS audits in "Supplier Compliance: The Responsibility Lies with You," the Final Thoughts column the October/November 2005 issue of Supply and Demand Chain Executive.

Tax and supply chain management are often considered to be two distinct disciplines, but this view misses an opportunity to leverage the business benefits achieved by an automated and integrated tax department. For more insights, read "Transaction Tax Management: A Seat at the Supply Chain Table," an exclusive.

Maverick spenders making off-contract purchases and ignoring preferred suppliers lists are still causing many companies to bleed green. For tips on how to bring rogue spenders back from the underground, read "Maverick Spend Redux" in the June/July 2005 issue of Supply & Demand Chain Executive.