SaaS (Software as a Service) and Cloud Computing - On demand spend management solution
Product/Technology: On demand spend management solution
Hardware or Software? Service
Launched: December 2008 (Upgrade)
What it does? Ketera is the first and only on demand spend management solution to give mid and large size enterprises cost effective spend management solutions that reduce and control corporate spending for direct and indirect goods creating auditable business processes that lead to corporate governance and compliance. Ketera's on demand spend management solution creates a source to pay loop to identify capture and sustain bottom line savings with spend analysis sourcing procurement contract management and supplier performance. Our on demand spend management solution provides a low risk low cost way for our customers to deploy rapidly eliminating the majority of IT costs or large up front license fees.
What makes it Innovative? In a challenging economic climate companies turn to cost cutting to maintain profitability. Unfortunately manual processes and spreadsheets may be used to manage the purchasing invoicing and contracts. SaaS changes the economics of spend management giving companies of all sizes access to solutions to drive savings and competitive advantage.
Many companies use multiple ERP systems within their organization. As a result, it becomes extremely difficult to gain visibility into spend across the company. Without the deep knowledge of spend, it becomes difficult to identify potential cost savings from vendor rationalization or reduction in costs from better compliance with company policies and guidelines.
In order to deploy such a capability, a company not only needs to make an investment in software, but they also need to find the resources to deploy the software and integrate with multiple in–house procurement and G/L systems. After such investments, many soon realize that however critical this information is, they need to refresh it a couple of times a year. To enable companies to achieve spend visibility and get access to spend analysis without having to make an investment, Ketera developed a sophisticated spend processing and spend analysis managed service. Ketera utilizes its technology and services to provide this information to a customer – usually once a year using this popular managed service.
Targeted Users: Medium to Large Enterprises.
Satisfied Customers: American Express, Asplundh, Chevron, Delta, Con-way
Company: Ketera Technologies Inc.
3055 Olin Avenue Suite 2200 San Jose CA 95128
