New Solution Streamlines the Complete Spend Management Lifecycle with Proven Data Classification, Analysis, and Spend Management Capabilities

ATLANTA -- Procuri, the global leader of On Demand Supply Management solutions, today announced the availability of Procuri TotalSpend[TM], the industry's most comprehensive spend management solution.

Built on 10 years of development and proven deployment, Procuri TotalSpend automates and streamlines the complete spend management lifecycle, including advanced spend data extraction and classification, spend visibility and analysis, spend category management, and purchasing-team knowledge management. The new offering is the first solution to enable enterprises to quickly and easily classify, analyze, and act on detailed spend intelligence -- all from a single platform.

Procuri TotalSpend expands upon the features and capabilities from TrueSource, a leading provider of spend intelligence and spend management solutions, which Procuri acquired in September 2006. The enhanced solution includes new features and enhancements in the following areas:

* Spend Data Management - Enhanced ETL and data-extraction templates simplify and automate extraction from any ERP or legacy business system. Intelligent rules-based classification engine auto-classifies all types of spend data, including services, at a detailed, line-item level. A structured process and advanced data and business auditing ensure data and classification accuracy. And embedded enrichment capabilities enhance spend data with value-added business intelligence.

* Spend Analysis - Enhanced reporting and role-based dashboards give stakeholders - from purchasing agents and commodity managers to top-line executives -- access to the spend intelligence they need most. More than 70 pre-defined reports provide the most common business views into spend, compliance, and supplier data. And online drilling and custom report builders enables more detailed and infinite analysis.

* Spend Category Management - Category-specific dashboards provide complete diagnostics of spend, project plans, and supplier performance specific to the organizational business taxonomy. Intuitive project management features enable compliance, audit, diversity reporting, and knowledge management for the entire global purchasing team.

"Previously available spend analysis, procurement, and business intelligence solutions only addressed part of the spend management challenge," said Rod True, SVP of Procuri's Spend Intelligence Solutions and former founder and CEO of TrueSource. "We've spent the past decade developing and enhancing the spend management capabilities of some of the world's largest enterprises. Procuri TotalSpend is the culmination of this experience, providing the first solution that truly addresses and automates all aspects of the spend analysis and management continuum. For the first time, managers and executives have a central database for spend intelligence, enabling them to quickly analyze, develop, and execute fact-based sourcing, supply, and business decisions."

Proven Track Record, New Customer Traction

Procuri TotalSpend has been in use for a number of years at some of the world's largest organizations, including Actuant, Alliant Techsystems, and the State of Minnesota. These and other enterprises have processed more than $4.5 trillion of spending through Procuri TotalSpend to date, with all refreshing spend and supplier classifications on a monthly basis. Procuri TotalSpend customers report classifying 95 to 99 percent of spend within weeks of deployment and full solution ROI within three to six months. Customers also report Procuri TotalSpend delivering major improvements in purchasing compliance and diversity management.

Since the acquisition of TrueSource in September, nearly a dozen new and existing Procuri customers have adopted Procuri TotalSpend, including The Cleveland Clinic, Novation LLC, and Toyota Motor Sales U.S.A.

Industry Analysts Validate Importance of Spend Visibility and Control

"Procuri's integration of TrueSource completely onto one platform provides supply management teams with immediate information on spend for each role within the organization," said Mickey North Rizza, research director at AMR Research. "This role based functionality is an opportunity to optimize across the supply management function and achieve greater spend under management."

Debbie Wilson, research director for Procurement Strategies and Systems at Gartner comments, "There is clearly a need for tools to help organizations leverage their spending analysis data sets to provide a starting place to identify non-obvious savings opportunities. Procurement performance improves when procurement systemically identifies spending categories with too many suppliers, quantifies the potential savings for each opportunity, prioritizes the resulting projects, and then tracks their results."

TotalSpend is integrated into the Procuri On Demand Supply Management suite, which also includes solutions for strategic sourcing, contract management and supplier management.

About Procuri Inc.

Procuri leads the On Demand Supply Management industry with more than 360 customers of all sizes, industries, geographies and spend categories. Customers include Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, The McGraw-Hill Companies, Newell Rubbermaid, Sun Microsystems and Toyota Motor Sales. Procuri's On Demand solutions for spend analysis, supplier management, strategic sourcing, contract management and compliance are comprehensive, cost effective and instantly available. For more information, call 1-877-360-1600 or visit www.procuri.com.

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