Business & Finance
Tue, October 13, 2009Mon, October 12, 2009Fri, October 9, 2009Thu, October 8, 2009Wed, October 7, 2009Tue, October 6, 2009Mon, October 5, 2009Sun, October 4, 2009Fri, October 2, 2009Thu, October 1, 2009Wed, September 30, 2009Tue, September 29, 2009Mon, September 28, 2009Sun, September 27, 2009Fri, September 25, 2009Thu, September 24, 2009Emptoris, Inc.: Emptoris and Equifax Join Forces to Help Businesses Improve Spend and Supplier Analysis
Published in Business and Finance on Friday, October 2nd 2009 at 7:57 GMT by Market Wire
BURLINGTON, MA--(Marketwire - October 2, 2009) - Emptoris, Inc., a leading provider of enterprise supply and contract management software, today announced that the company has teamed with Equifax, Inc. (
"Facing a weak economy, a lingering credit crisis and possible supplier restructurings, companies are being pushed, more than ever, to gain greater and more accurate visibility into spending and supplier risk," said Bill DeMartino, Business Manager for Emptoris Spend Analysis at Emptoris, Inc. "Unfortunately, the average CEO, CFO and CPO are typically looking at outdated and fragmented spend and supplier data. Companies need to be asking themselves, 'How can you manage spending and suppliers when you don't have real-time, accurate spend and supplier visibility?'"
Emptoris Spend Analysis and Emptoris Supplier Risk Analysis software solutions will leverage Equifax's master data management database with information on 45 million businesses worldwide. Businesses that adopt these offerings also benefit from access to the EFX ID, a nine-digit identifier that links together an organization's divisions, subsidiaries and locations into a global corporate hierarchy. With this unique and persistent identifier, businesses gain a single, comprehensive view of supplier and vendor information across multiple data sources -- a powerful resource for today's global organizations.
"Mounting economic pressures and tight credit markets have put many suppliers and vendors at greater risk for business challenges that impact their operations and financial posture," said Michael Shannon, president, Commercial Information Solutions, Equifax. "Working together, our solutions can set customers on the right course to achieve increased efficiency, financial insight and visibility into supplier and vendor relationships. Ultimately, businesses that tap into these tools stand a greater chance of seeing stronger business performance and a faster return on their investments."
Through its relationship with Equifax, Emptoris distinguishes itself as one of the few spend analysis software providers to leverage an industry-leading source of unique and extensive information assets for data enrichment. With this offering, companies benefit from real-time access to Equifax information on business classification, corporate ownership structure and supplier diversity.
Emptoris Spend Analysis is a fully-automated software solution that empowers business professionals with greater spend visibility and control, and is an integral part of any strategic savings program. The solution delivers accurate and timely information for improved executive decision making through the aggregation of data from over 25 different types of systems.
"When you aggregate internal spend data from across disperse systems and global operations, there are always issues with the compatibility and 'cleanliness' of the data. Emptoris Spend Analysis, drawing on the tremendous business intelligence and data provided by Equifax, cleans that data, giving companies a clear, consolidated view into spending," said DeMartino.
Another benefit, companies can readily access and evaluate suppliers based on corporate relationships, business types and attributes such as Minority and Women-owned Business Status. With this information, businesses can instantly identify and select suppliers to participate in sourcing activities based on these enriched supplier attributes.
The new offering is being showcased at Emptoris Empower 2009, the industry's leading event for supply and contract management professionals, which is taking place October 1st and 2nd in Boston. The conference brings together industry leaders, executives and practitioners to discuss the latest trends and market solutions.
About Emptoris ([ www.emptoris.com ])
Emptoris is a world leader in innovative supply and contract management software solutions that empower enterprises to realize best value and accelerate profitable growth. Emptoris solutions are used by successful Global 2000 companies in every industry. Emptoris sourcing spend analysis and contract management solutions are consistently recognized by leading independent analyst firms as the market's leading solutions. Most recently, Emptoris was positioned as in the "leaders quadrant" in the Gartner research report, "Magic Quadrant for Sourcing Application Suites, 2008" -- and received the highest score for "Current Product Offering" in "The Forrester Wave: Contract Life-Cycle Management, 2008." Emptoris customers include American Express, Boeing, ConocoPhillips, GlaxoSmithKline, Kraft, Motorola, Syngenta, and Vodafone.
About Equifax ([ www.equifax.com ])
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.
With a strong heritage of innovation and leadership, Equifax continuously delivers innovative solutions with the highest integrity and reliability. Businesses -- large and small -- rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being.
Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor's (S&P) 500® Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.
