Iasta Releases SmartSource SRM® 8.0 with Enhanced Supplier Management Functionality

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Newest release offers advanced functionality for supplier information management with user driven configuration of supplier master data.

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Iasta®, a leading innovator of eSourcing software and services for global supply management, has announced the release of its latest application version. SmartSource® 8.0 introduces a whole new collection of features to enhance companies' ability to manage their vendors.

The latest version of SmartSource SRM 8.0 allows users to collect, store, and maintain business-critical information about suppliers in custom profiles. This powerful functionality, found in SmartSource SRM 8.0, allows buyers to create profiles that contain fields and supporting documents that meet company's unique business. Buyers can invite suppliers to register and complete a profile or enable suppliers to self-register.

"We are excited to bring new integrated functionality to SmartSource users and make it easier to manage supplier relationships. We are putting additional supplier information in the hands of the buyers," said Jason Treida, Chief Operations Officer of Iasta. Treida also added, "This will also provide our users with a richer catalog of supplier information, help manage supplier diversity initiatives and minimize overall supplier risk." Now, with only a few clicks, users have the ability to create their own custom supplier profiles with unique fields, allowing their team to exponentially improve their productivity and effectiveness now that supplier information is consolidated for easy access.

Other enhancements include improvement to user's ability to manage contracts, sourcing projects and make faster post-bid award analysis.

About Iasta
Iasta® is a proven leader of Enterprise Spend Management through SRM Best Practices. Founded in 2000, Iasta helps organizations solve traditional business problems in new ways by providing its customers with cutting-edge tools for making strategic decisions on how to save and spend their valuable resources. Iasta's flagship product, SmartSource SRM®, is the cornerstone to any effective supplier relationship management strategy as it enables companies to analyze, source and optimize business decisions. Our approach to procurement, Cloud Sourcing™, ensures ongoing success by bringing together people, proven processes, and technology into a scalable, turn-key solution that addresses not only traditional purchasing needs, but any kind of complex spend anywhere in the enterprise. The Iasta Consulting Group combines deep sourcing experience with technical knowledge and high levels of customer service to help companies maximize every dollar they spend on goods and services. For more information, please visit http://www.iasta.com or call +1.317.594.8600.

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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