Chemical industry companies are caught between energy cost volatility, cost–driven commoditization and customer consolidation This is particularly true for those chemical companies operating in product segments that are mature or reaching maturity – and where profit growth has largely stagnated. For them, the challenge of raising the bar to achieve higher performance and deliver future growth is huge. As a result there is a very sharp focus on lowering the operating costs in order to preserve profitability. Streamlined corporate spend is a key element of that strategy.
Ketera provides chemicals companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership. Its on demand suite includes applications for spend analysis, sourcing, contract management, e–procurement, and payment & reconciliation. The combination of these hosted applications along with services such as implementation, supplier enablement and system administration has allowed leading chemical companies such as Tredegar Corporation and Cabot to streamline their corporate spend and reduce their overall costs. |
