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| Ketera Spend Management Solutions are Key to Unlocking Savings for British Transport Police |
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BTP to Regulate Spend Visibility and Contract Management With Ketera′s On Demand Solutions
Santa Clara, Calif., November 01, 2005 – Ketera, the leading provider of On Demand Spend Management solutions, today announced that the British Transport Police (BTP) will significantly cut costs, save time and gain unprecedented visibility into their spend with the Ketera Contract Management and Ketera Spend Analysis solutions.
BTP, the national police force for railways throughout England, Wales and Scotland, is responsible for policing the multiple rail systems that move approximately five million people everyday. In order to save time and gain stronger visibility and control over its spend, BTP will deploy Ketera′s on demand spend management solutions to automate operations, centralize contracts and assess supplier performance against those contracts. In less than 35 days, the Ketera solutions will be up and running, standardizing processes and sub–processes across seven geographical areas, organizing 650 general ledger accounts and cleaning up miscategorized data to greatly improve reporting capabilities.
"Ketera′s on demand spend management solutions will give BTP an important edge," said Jonathan Williamson, e–strategy consultant at BTP. "With Ketera′s solution, we automatically get updates to new technology as it becomes available. Additionally, Ketera′s responsiveness is excellent mainly because of the inherent flexibility of their on demand offerings. When we need a change made, they handle our request immediately and will update our system within a half hour – not the response time one would expect if packaged application software had been installed."
The Ketera Spend Analysis solution, which is an integral part of Ketera′s on demand Spend Management suite, uses advanced technology that will classify spend data from various BTP sources. The solution uses a "closed loop" process to ensure that no detail is overlooked, and will thereby provide an unprecedented level of visibility and control over BTP′s total spend.
The Ketera Contract Management solution will enable BTP to meet three essential goals: leverage a central data repository, author contracts based on specific BTP terms and conditions, and manage the lifecycle of all contracts to assess how suppliers are performing against those contracts. In turn, the solution will enable the organisation to be more efficient and save countless hours each year by automating its contract management processes. Going forward, the Contract Management system will potentially support a total of 20 BTP users and initially host 300 contracts for the organisation.
"We are very pleased to add British Transport Police to our rapidly growing list of global customers. Ketera′s on demand contract management solution will allow the company to address the complete end–to–end supplier management process in a quick and efficient manner." said Steve Savignano, chairman and chief executive officer, Ketera. "BTP′s implementation will yield the type of cost and time savings that our other customers have come to expect from Ketera. Our solution will aid in controlling costs, managing performance and improving the effectiveness of their processes."
About British Transport Police
British Transport Police is the national police force for the railways providing a policing service to rail operators, their staff and passengers throughout England, Wales and Scotland. The Force is also responsible for policing the London Underground system, the Docklands Light Railway, the Midland Metro Tram System and Croydon Tramlink. Between them, these rail businesses move some five million people every day.
The railway environment presents its own particular policing needs and British Transport Police – which now numbers 2,494 police officers and 1,015 support staff &nash; exists to provide a specialist policing service to meet those needs.
The Force can trace its history back to 1825, to the origins of the police service in Britain.
Policing the railways is an integral part of policing the community generally and today the Force forms part of the national policing structure which safeguards the citizen. The majority of the Force′s activity, like that of any other police force, is law and order policing, maintaining the Queen′s peace and protecting staff and public.
About Ketera
Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.
Ketera Spend Management includes applications for spend analysis, sourcing, procurement and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.
Investors in the company include Kleiner Perkins Caulfield & Byers and Foundation Capital. For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com. |
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