SAN MATEO, CA — (Marketwired) — 04/21/16 — , Inc. (NASDAQ: DTRM), a leading global provider of SaaS Source to Pay and Enterprise Contract Lifecycle Management (ECLM) solutions, including cloud-based strategic sourcing, supplier management, contract management, and procure-to-pay applications, announced today that an innovative furniture manufacturer has selected Determine Strategic Sourcing as their solution of choice to manage and maximize their sourcing efforts.
Determine Strategic Sourcing delivers bottom-line results based on understanding spend behaviors through embedded analytics, allowing organizations to make total cost of ownership based selection decisions; improved compliance in supplier interactions; and increased collaboration with suppliers to mitigate risk.
The customer will leverage our industry-leading strategic sourcing and supplier management solutions to increase their capability to build stronger, agile, and more collaborative supplier-centric relationships with their suppliers. The Determine Strategic Sourcing solution will help the customer to organize their supplier information and provide tools to maximize value and mitigate risk for this global furniture manufacturer.
“Our Determine Strategic Sourcing solution empowers our customers with a new level of visibility into their previously unseen proprietary data,” said President and Chief Executive Officer of Determine. “Bringing Determine solutions into the company enable our customer to turn their newfound sourcing insights into real bottom-line business value.”
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Determine (NASDAQ: DTRM) is a leading global provider of SaaS Source to Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. Our Gartner recognized visionary technologies allow our customers to effectively manage the full scope of Source to Pay and ECLM using our Determine Cloud Platform. Our Source to Pay software suite includes strategic sourcing, supplier management, contract management, and procure-to-pay applications.
The Determine Cloud Platform gives procurement, finance, and legal professionals the ability to deliver profound insights through analysis of their supplier relationships and contractual requirements. Our customers leverage the Determine Cloud Platform to discover previously unseen supplier and spend data; make more informed and smarter business decisions; drive new revenue; control costs; improve workflow efficiencies; and mitigate risk.
Our customers benefit from the Determine Cloud Platform–s robust suite of integrated applications. Whether they start with a full-suite implementation or choose to implement just one application and build over time, each additional application allows for the automatic sharing of data already in place on the Determine Cloud Platform.
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Determine, Inc.
Rose Lee
+1.650.532.1590
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