Iasta Releases SmartSource 7.0 with Contract Management Industry Leaders Choose Iasta for Strategic e-Sourcing

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Iasta is a leader in e-Sourcing and supply management software and services. The SmartSource 7.0 release significantly enhances the functionality available to Iasta clients and the marketplace.

Iasta.com, Inc., is fast-becoming the leading innovator of e-Sourcing software and services for global supply management. Today the company announced the release of its SmartSource 7.0 platform, which adds unique functionality and features that simplify the e-Sourcing contract management and procurement process as well as lower costs. Today's announcement comes on the heels of a string of new customer agreements for Iasta, including its most recent with Dairy Queen Corporation. Restaurant and food industry leaders such as Dairy Queen have experienced significant value and cost savings using Iasta advanced sourcing technology.

Iasta's SmartSource 7.0 integrates feature enhancements for e-RFx and bid management, a more user-friendly management dashboard, unique document libraries with analysis tools and reports, and contract management with user-defined fields. Some primary differences from previous versions of SmartSource are the addition of a totally new module for sourcing contract management and a more classification/category style point of view from a "sourcing cockpit". This newest release includes functional enhancements to the industry's most powerful Decision Optimization engine, which enables users to analyze complex award scenarios with constraint-based filters. Iasta technology rivals the most advanced optimization solutions in the e-Sourcing industry today -- without the high maintenance costs and professional services typically associated with this technology.

Iasta also announces the release of its newest product platform: Iasta SmartAnalytics. This new application brings clients the ability to get true visibility into corporate spend by delivering real-time user control over classification rules and user-defined reports, dimensions and spend cubes.

"Our customers spend several months analyzing available technologies. Industry leaders select Iasta because of the value we provide through world-class optimization-based sourcing features and global support services," said David Bush, vice president of business development at Iasta. "Our industry-leading on-demand software, in-depth supply market information and implementation of sourcing best practices lead to true supply chain management. This enables our customers to source goods and services at an average cost reduction of 17 percent, in addition to significant reductions in sourcing cycle times."

Generally regarded by analysts, clients and industry experts to be one of the best e-RFx tools available, Iasta has simplified bid management and made sourcing more strategic. In fact, for the past three years, Supply & Demand Chain Executive has named Iasta to its Top 100 as a leading supply and demand chain innovator.

For those unfamiliar with e-RFx technology, it allows those with traditional RFIs, RFQs and RFPs to take advantage of Web-based technology to fuel the procurement process. Iasta's SmartSource technology enables users to easily create, distribute, and analyze RFx documents with streamlined communication between the respondents/bidders as well as improved internal collaboration.

About Iasta

Iasta is a software and global service provider of cost-effective Supply Management solutions. We help companies of all sizes and locations make better purchasing decisions -- about the right product, the right provider at the right price. Companies use Iasta's product platforms to automate their strategic sourcing processes and provide buyers with the ability to collect and analyze supplier information. Iasta SmartSource; enables companies to communicate with buyers and suppliers through built-in, integrated components such as: e-RFx / Auction, Project Management, Decision Optimization, Document Library, Contract Management and Management Dashboard. Customers include industry leaders such as YUM! Brands, Inc., Monsanto, ServiceMaster, Timex, OfficeMax, Burlington Coat Factory and Brunswick. These customers and many more extract value through Iasta optimization-based sourcing products and services -- the Power to Decide. For more information, please visit http://www.iasta.com or call 317.594.8600.

Iasta is a trademark of Iasta.com, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.

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DAVID BUSH
Iasta
317-594-8600
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