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by Alan Alper, MA Editorial Staff Posted on Tuesday, November 14, 2006 6:31:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Supply and contract management software vendor unveils self-service analytical capabilities and functionality to enable users to make on-the-fly business rule changes to correct misclassified transaction types; new data extraction service also offered. |
Emptoris, a provider of supply and contract management software, tomorrow will unveil upgrades to its spend analysis offering that for the first time provide self-service capabilities for analyzing procurement data residing across the enterprise as well as functionality for making on-the-fly business rule changes to correct misclassified transaction types. In conjunction with the release of version 6.1 of its Spend Analysis software, Emptoris also unveiled new data extraction services to help customers expedite access to critical purchasing data locked inside various enterprise applications. Together, the software and service offerings extend the company's profile in the nascent spend analysis market, which, according to Forrester Research, is growing at about 11% compounded annually and will reach $100 million this year. Spend analysis is considered critical for larger, decentralized companies that have either grown through acquisition or diversified into various and sundry businesses, and whose operations run on a panoply of ERP systems -- be they different instances of the same vendor's applications or multiple vendors' products. Software from companies in the space -- such as Emptoris, Ariba, and Zycus -- essentially extracts, cleanses (adds consistency and eliminates duplication), and classifies data residing in accounts payable and procurement applications, as well as other enterprise systems. [Click to continue] |
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