Ketera Introduces Solutions Optimized to Help Mid-Sized Businesses Control Spending

Based on a Proven Technology Platform That Processed and Analyzed $1.7 Trillion in Spend Last Year Alone

Ketera Technologies, leading provider of on demand spend management solutions, announces today the latest release of its web-based procurement solution which extends the benefits of spend management to mid-sized companies. Ketera Procurement—with speed-to-value and ease-of-use that revolutionized procurement—offers the most intuitive interface to manage the procurement process, as well as unprecedented insights into spending patterns. For the first time, solutions based on a proven enterprise class platform are accessible to companies that must balance ease of adoption and affordability with capacity for growth.

The core of Ketera’s approach to procurement is the Ketera Network™, a unique community of over 250,000 members where buyers connect with suppliers to do business more efficiently than ever before. The Ketera Network provides a trusted community that offers to meet any procurement challenge and allows companies to see the benefits of Ketera procurement quickly and easily. The Ketera Network supports supplier discovery, collaboration on RFP’s, reverse auctions, invoicing, supplier information management, and supplier performance management.

To drive maximum efficiency, every business, regardless of size, needs access to leading-edge technology. Ketera blends world-class procurement functionality in a solution that is easy to evaluate, buy, deploy, and support. New capabilities designed expressly for mid-sized businesses include:
Self-service provisioning and application set-up that speeds start up tasks from a day to an hour and enables ongoing self-administration of users, organizations, and other key components
Pre-configured workflow rules based on best practices proven in mid-sized companies
Budgetary constraints by cost center that drive alerts to the purchasing and finance teams as limits are approached and can prevent any new orders that will exceed the budget
User selectable Basic/Advanced browser interface that enables quick adoption and selectively exposes richer functionality to power users
Built-in Ketera Network connection to our ready community of categorized suppliers that simplifies identification of better sources of supply

“Ketera has changed the way companies are able to do business,” says Ketera CEO Steve Savignano. “Our products have proven their worth with some really high-profile businesses, saving them hundreds of millions of dollars. This experience has allowed us to cultivate an extensive network of suppliers. By delivering the most intuitive procurement application and marrying it to a ready network of suppliers eager to serve the needs of midmarket buyers, we’ve managed to bring winning resources used by the biggest powerhouses to companies of any size. That really changes the landscape of procurement.”

Utilizing a software-as-a-service (SaaS) approach to spend management, Ketera provides a functional and affordable platform that enables companies to get started quickly without high configuration costs typical of other software packages. “And ultimately,” adds Mike Gardner, Ketera’s VP of Products, “Ketera solutions have a wide-reaching functionality that means it’s not a one-time or one-size-fits-all solution. As companies grow, our solutions can easily be right-sized to their specific needs. For example, maturing companies often choose to move from basic workflows to advanced custom workflows, and we’ve proven our flexibility to adapt to any routing rule and integrate to any system time after time.”

Ketera’s On Demand Procurement platform is the fastest, easiest, and most comprehensive solution to use when buying for your business. And Ketera is now adding over 40 new customers each month. To join in and get started, visit http://www.ketera.com/procurement/index.html.

About Ketera®

Ketera is the leading provider of On Demand Spend Management solutions. The company’s groundbreaking vision and software-as-a-service (SaaS) offerings are changing the economics of spend management, enabling businesses to control and reduce corporate spending as well as access the world’s fastest growing community of buyers and suppliers. Ketera provides a complete suite of applications, services and community networks 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. 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. Ketera’s investors include Kleiner Perkins Caulfield & Byers, Emergence Capital Partners, Foundation Capital, and Integral Capital Partners.

For more information about the Ketera Spend Management suite of services and the Ketera Network, please visit: www.ketera.com.

Contacts

Ketera
Chris Newton, 408-572-9433