Verticalnet Reports Record Growth in On Demand Supply Management Adoption; Companies Leverage On-Demand Capabilities of Vertica
14 Junio 2006 - 9:53AM
Business Wire
Verticalnet, Inc. (Nasdaq:VERTD), a leading provider of on-demand
supply management solutions, today announced dramatic increases in
customer utilization of the Verticalnet XE Supply Management Suite.
Verticalnet's primary measure of customer volume, electronic
negotiation events in its XE platform, has surged over the past 12
months, averaging greater than 15% growth per month over the last
12 months. A secondary measure, supplier participation in
electronic negotiation events on the XE platform, has grown by an
average exceeding 50%, per month in this same time period. The
increases in customer volume and supplier penetration reflect the
dramatic increase in value experienced by Verticalnet customers
through their focused programs to drive adoption of Verticalnet's
On Demand XE spend analysis and strategic sourcing solutions. Even
as customer volume has been building, Verticalnet's primary measure
of operating efficiency, average cost-per-event, has improved
dramatically over the past 12 months. In 2006 to date,
cost-per-event on the XE platform has declined an average of 15%
per month. Verticalnet's On Demand software-as-a-service (SaaS)
approach to supply management provides a scalable solution for
customer growth without the corresponding cost impacts experienced
by conventional packaged software vendors. Increasing customer
satisfaction is also driving Verticalnet's customers to expand
globally, with the number of users in China, France, Hong Kong,
Japan, Taiwan, and the United Kingdom up by more than 34% over the
last 12 months. Since November 2006, overall user satisfaction with
Verticalnet software, services, and support has improved 21% with
significant majority of respondents either satisfied or extremely
satisfied with their overall experience with the Verticalnet
solution. "Verticalnet's on-demand sourcing application has been an
excellent platform for our business," says Tony Kniffen, Vice
President of Business Development for The Sourcing Authority.
"Verticalnet's reliable solutions and customer support services
have enabled our international customer base, and provided a strong
solution to deliver our value proposition." Kniffen concludes,
"With Verticalnet we're continuing to deliver on our core mission
'State-of-the-Art Sourcing. Simplified.'" The Sourcing Authority, a
Verticalnet customer since early 2006, is a supply management
consultancy offering sourcing strategy consulting and negotiation
event execution. "The value and affordable scalability of our
on-demand, SaaS solutions are driving supply management performance
to a higher level than we have ever experienced before," said Luke
Schneider, Verticalnet Senior Vice President of Operations. "As we
continue to set records for volume, cost management and customer
satisfaction, we are encouraged by the overall health of the XE
product line in terms of new customers, year over year revenue
increases, and overall customer usage." The Verticalnet XE Supply
Management Suite provides an easy to use, rapid to implement, and
comprehensive solution to support online negotiation, sourcing
process standardization, contract creation and collaboration, spend
analysis, and supplier performance management. About Verticalnet
Verticalnet is a leading provider of on-demand supply management
solutions that enable companies to identify and realize sustained
value across the supply management lifecycle. Going beyond
traditional spend management and sourcing approaches, Verticalnet's
solutions provide the visibility, insight and process control
required to maximize the sustained value realization from supply
management. Large enough to help customers attain supply management
success worldwide, yet nimble enough to provide individual
attention and remain focused on customer priorities, Verticalnet is
helping leading Global 2000 companies and mid-market enterprises
move their supply management efforts to the next level through an
optimal blend of software, comprehensive services, and deep
category knowledge and domain expertise. The Verticalnet XE Supply
Management suite is available on-demand and includes: --
Verticalnet(R) Program Manager-- lowers the total cost of ownership
and improves productivity through sound and re-usable program and
process management -- Verticalnet(R) Spend Manager-- a fast,
intelligent, and repeatable spend analysis solution for
identifying, evaluating, and quantifying enterprise-wide sourcing
opportunities while measuring compliance -- Verticalnet(R)
Negotiation Manager-- accelerates and improves negotiated savings
from strategic sourcing through online auctions and eRFX events --
Verticalnet(R) Procurement Manager-- simplifies and improves
control over the procurement process to help companies realize the
maximum cost savings identified through supplier sourcing and
negotiation -- Verticalnet(R) Contract Manager-- provides real-time
insights into contract obligations, exposures, expirations, changes
and renewals delivering greater control, reducing costly oversights
and minimizing supplier risk -- Verticalnet(R) Performance
Manager-- enables companies to effectively track and manage
supplier performance, contract compliance and identify potential
areas of supplier risk To learn more, please visit us at
www.verticalnet.com.
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