Retailers today face extremely tough market conditions including more demanding customers, saturated home market, product commoditization, decreasing return on space, price deflation and competition from discount merchandisers. Online sales are also eating into traditional retailer’s revenue. Sales per square foot are relatively flat and margins are on the decline. As a result there is a very sharp focus among retailers to ensure that the operating costs are kept low to maintain profitability. Streamlined corporate spend is a key element of that strategy.
Ketera provides companies in the retail industry 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 allows organizations such as Gap Inc., Under Armour and ABC Distributing, LLC to streamline their corporate spend and reduce their overall costs. |
