A recent study by CAP Gemini Ernst & Young reveals that over the next five years food and beverage brands will become dominated by about 20 to 25 global brands across various categories. The study expects substantial consolidation and internationalization over the next few years. This expected change has already brought tremendous price pressures in the market, especially in mature categories and has created a sharp focus on keeping the operating costs low. Streamlined corporate spend is a key element of that strategy.
Ketera provides food and beverage 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 organizations such as Welch and HMSHost (formerly known as Host Marriott Services) to streamline their corporate spend and reduce their overall costs. |
