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| Convergys Selects Ketera Enterprise Spend Management Suite for Global Development |
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Convergys to Implement Single Global Instance of
Ketera Strategic Sourcing and Procure–to–Pay Solutions
Santa Clara, Calif., November 13, 2007 – Ketera, the leading provider of On Demand Spend Management solutions, today announced that Convergys Corporation (NYSE: CVG) has selected Ketera′s Enterprise Spend Management suite to help it achieve best in class procurement results across its global operations. Convergys will implement Ketera Spend Analysis, Sourcing, Contract Management, Procurement, and Invoice Management solutions to fully leverage enterprise buying power, improve procure–to–pay effectiveness and implement stronger internal controls.
As the global leader in relationship management, Convergys serves clients in more than 70 countries speaking nearly 35 languages. Convergys′ clients include many of the world′s leading companies in various industries including communications, financial services, technology, and consumer products. With interest in enterprise–class, on demand spend management offerings increasing, leading companies like Convergys are turning to Ketera′s compelling low–risk solutions to expand spend under management and drive responsiveness into core procurement processes.
"Ketera′s suite of spend management solutions will help Convergys standardize our procurement best practices on a single, web–based solution that′s easy to use and requires no training," said Frank Dimos, vice president of corporate finance, Convergys. "Their Software–as–a–Service solution will help us deploy quickly and decrease time–to–value without the large up–front investment and additional infrastructure and administration overhead of traditional on–premise applications."
Convergys will rely on Ketera′s high–availability, ultra–secure spend management platform to help support its growing procurement needs, enabling internal resources to focus on high value–add functions. By helping Convergys efficiently rationalize its supplier and commodity base, Ketera will also play an important role in the business value Convergys delivers to its customers.
"Ketera′s fundamental value proposition allows customers like Convergys to spend less time on managing their procurement needs, and focus more time on running their business and serving their own customer needs," said Burton M. Goldfield, chief executive officer, Ketera. "By using Ketera′s consumerized, subscription–based applications, Convergys will be able to drive rapid user adoption across its entire global organization, extract maximum value from procurement and reduce corporate spend. They will also join the growing list of more than 40,000 users who are already gaining tremendous value from Ketera′s enterprise spend management solutions."
About Ketera
Ketera is the fastest–growing provider of On Demand Spend Management solutions, providing companies with the applications and services needed to control and reduce corporate spending. Ketera′s closed–loop spend management solutions include applications for spend analysis, sourcing, contract management, procurement, supplier enablement & content management, supplier performance management, and invoice management.
Since its inception, Ketera has supported enterprise customers of all sizes, industries, and geographies, including numerous Fortune 500 companies. In 2006, Ketera surpassed $5 trillion in spend analyzed and more than $1 billion in transactions between buyers and suppliers. Many of the world′s leading enterprise companies, including ServiceMaster, American Express, Kennametal, Con–way, and Northrop Grumman Corporation, depend on Ketera Spend Management to deliver real, hard–dollar savings quickly.
For more information about Ketera and the Ketera Spend Management suite of services, please visit: http://www.ketera.com.
For more information:
Amy Wall
Voce Communications, Inc.
650–228–5182
awall@vocecomm.com
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