Software optimizes supplier relationships.
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Press Release Summary:
Supplier Manager is an online, secure Supplier Portal that helps organizations manage supplier registration, selection, and performance. It promotes ability to consolidate and prioritize suppliers, decrease supplier risk, and align procurement strategies with business goals. Supplier Manager help enterprises streamline supplier collaboration, automate scorecarding, and optimize supplier relationships.
Original Press Release:
CMSI Announces New Supplier Manager Solution
Integrated Supplier Portal Provides Scorecarding and Commodity Classifications; Helps Eliminate Supplier Risk and Optimize Relationships
ORLANDO, Fla., Nov. 9 - Reinforcing its leadership and commitment to providing full contract and supplier lifecycle management, Contract Management Solutions, Inc.("CMSI") today unveiled its plans to release its much anticipated Supplier Manager solution. This new solution is an online, secure Supplier Portal that helps organizations manage supplier registration, selection, and performance more effectively. The new Supplier Manager solution promotes the ability to reduce costs, consolidate and prioritize suppliers, decrease supplier risk and align procurement strategies with business goals. Scheduled for general availability in Q1 2005, Supplier Manager is fully integrated with CMSI's industry-leading Contract Lifecycle Management(CLM) solution suite.
Corporations remain under tremendous pressure to control costs, eliminate inefficiency, increase productivity and consolidate relationships around the world. However, even though companies continue to focus on procurement and supplier relationship management to decrease costs and risks, they are still challenged to identify, partner with, and manage the best suppliers. Addressing this need, CMSI has worked extensively with user-based steering committees to identify and understand their specific requirements. This hands- on collaboration -- which involved many forward-thinking Fortune 100 and Global 1000 organizations -- allows CMSI to translate real-world requirements into new effective technology solutions that help enterprises streamline supplier registration and collaboration, automate scorecarding, improve performance, and optimize supplier relationships.
"The introduction of Supplier Manager brings to fruition CMSI's vision of end-to-end supplier lifecycle management and is testament of our commitment to improving the entire sourcing cycle. CMSI is excited about filling this critical need for supplier management with a fully integrated solution," said Valerie Stanley, VP of Sales at CMSI. "It's this focus that enables us to address the entire supplier management process, providing companies the knowledge, visibility, performance management, and streamlined processes they need to maximize the value of their supplier relationships."
About CMSI
Contract Management Solutions, Inc.(CMSI) is recognized as a well- respected industry leader in the contract management market segment. CMSI provides Global 1000 companies with scalable, enterprise contract management solutions, delivering our clients maximum control over the entire contract management lifecycle. The CMSI Software Suite provides companies across all industries with the technology and best practices essential for the critical management processes, through every phase of the relationship and contract lifecycles. For more information about CMSI, please visit our website at http://cmsi.com/.
Contract Management Solutions, Inc., the Contract Management Solutions, Inc. logo, and CMSI Supplier Manager are trademarks of Contract Management Solutions, Inc., in the United States and /or other countries.
CONTACT: Valerie Stanley, Vice President, Sales, Contract Management Solutions, Inc., +1-813-657-6462, or fax +1-813-433-2486, or valerie.stanley@cmsi.com
