WhyAbe.com releases the First and Only Free Contract Management and Reporting Tool on the Web!

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Users of the free RFX site can now keep track of active and expired Contracts, run RFx's, and Reverse Auctions.

WhyAbe.com has announced the release of its Contract Management enhancement as part of its Free RFx tools at http://www.WhyAbe.com. "We are happy to be the first and only web site to offer completely Free hosted Contract Management, Reverse Auctions and RFx," said William Dorn, Director Operations for WhyAbe.com. Organizations and consumers can potentially save thousands of dollars using free tools at http://www.WhyAbe.com.

WhyAbe.com offers free electronic commerce tools for buyers and sellers. With the addition of Free Contract Management users can now create a database of all of their active and expired contracts. New features allow the tracking of supplier information, contract amount, contract start and end date as well as the ability to add comments. The executed contract can be uploaded and attached to the contract summary data to provide the ability to access all relevant information about the contract in an instant. Ten different reports are provided so users can view active and expired contracts sorted by different variables.

With Contract Management, WhyAbe now has a complete suite of sourcing and management tools for procurement professionals. Users can manage their RFx's, conduct Reverse Auctions and track Contracts all on a single hosted web site. Extensive on line help is provided throughout the site as well as free live support.

"WhyAbe.com and Source One Management Services, LLC (http://www.sourceoneinc.com) have had many inquiries from businesses discovering Reverse Auctions and electronic Request for Proposal Management." Explains Steven Belli, CEO Source One. "Unlike any other tool or website, WhyAbe.com, requires no financial investment from buyers or suppliers". Most e-sourcing platforms require a large ramp-up period and/or a large deployment budget often mitigating any cost savings opportunities. WhyAbe is specifically designed to allow procurement professionals to do more in less time than conventional e-sourcing platforms. Buyers can easily monitor all of their activity through WhyAbe's Dashboard feature which provides the history of all activity for all projects. This is especially important for companies that are trying to comply with Sarbanes Oxley.

WhyAbe.com is an automated collaborative marketplace that can be used by any organization in any industry. Registering and using the site is free. Obtaining value from WhyAbe is instant. There is no software to install or PC's to configure. A computer equipped with the latest version of Internet Explorer or Firefox (available free @ whyabe.com) provides immediate access to the comprehensive and user friendly tool. WhyAbe provides the tools necessary for procurement professionals as well as retail buyers to control costs, manage performance, ensure compliance and quickly deliver value. WhyAbe was designed so users would have a quick learning curve, and recognize benefits immediately.

WhyAbe is the available for free on the web @ http://www.WhyAbe.com

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STEVEN BELLI
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