Emptoris Positioned as a “Leader” in Independent Research Firm’s Contract Life-Cycle Management Report

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Emptoris gets high marks across the board for its excellent functionality

Emptoris
Emptoris is an excellent all-around solution, either standalone or as part of an ePurchasing suite.

Emptoris, Inc. (“Emptoris”), a leading provider of strategic supply, category spend and enterprise contract management solutions, today announced it has been named a “Leader” – the highest possible rating - in The Forrester Wave™: Contract Life-Cycle Management, Q2 2011 (June 2011) report which was recently issued by Forrester Research, Inc., a leading independent research firm.

Forrester evaluated and rated Emptoris a Leader based on its solution offering, contract management strategy and overall market presence. Emptoris received high scores for “excellent functionality”, and its “overall contract creation process, search and repository features, negotiation workflow, and integration support.”

Forrester evaluated 10 contract management software providers for the report, all of which the firm said are consistently short-listed by Forrester clients. Formal evaluations included lab-based product assessments, vendor surveys and customer interviews. Solutions were judged against 113 criteria grouped into three categories:

  •          Current offering – A deep dive into the tool’s current features and functionality. According to the report, “Emptoris’ specific strengths include the overall contract creation process, search and repository features, negotiation workflow, and integration support.”
  •          Strategy – Assessment of the vendor’s long-term strategy and planned tool enhancements. The report stated that the leaders, “offer excellent functionality with strong strategies and the financial resources with which to execute them.”
  •          Market presence – Rating the vendor’s industry presence and viability. The report referenced, “Emptoris is an excellent all-around solution, either standalone or as part of an ePurchasing suite.”

“Emptoris is once again honored to be ranked a leader by Forrester Research. The report affirms and reflects the success of our Global 1000 customers who leverage Emptoris Contract Management to optimize the contract process to maximize financial performance and manage compliance to reduce overall commercial risk,” said Patrick D. Quirk, president and CEO, Emptoris. “We remain focused on innovating and advancing our contract management solutions to maintain our leadership role in the market and deliver the best solution and value for our customers.”

Emptoris Contract Management helps companies manage their complete contract portfolio from initial contract creation, negotiation and execution to contract renewal and contract analysis. The solution delivers the ability to structure stronger, more profitable contracts, improve contract quality and compliance, and mitigate potential risks. More than one-third of the Global 1000 use Emptoris’ solutions.

To download a complimentary copy of The Forrester Wave™: Contract Life-Cycle Management, Q2 2011, please visit http://bit.ly/iSVdl8.

About Emptoris
Emptoris, Inc., is a world leader in strategic supply, category spend and enterprise contract management solutions that empower enterprises to realize best value and accelerate profitable growth. Emptoris solutions are used by successful Global 1000 companies in every industry and customers include American Express, Boeing, GlaxoSmithKline, Kraft, Motorola, Syngenta and Vodafone. For further information, visit http://www.emptoris.com.

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Dan Cahill
Emptoris, Inc.
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Eve Sheridan
Young & Associates
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