Procserve Partners with Dun & Bradstreet to Raise the Bar on Corporate Procurement Spend Reporting
2nd July 2008, LONDON, UK - Procserve, a leading provider of procurement and marketplace connectivity solutions, today announced that their award winning eProcurement marketplace service will now incorporate data from Dun & Bradstreet’s (D&B) internet solution, Supplier Portfolio Management (SPM) within its Management Information System.
As part of the Procserve eProcurement platform a comprehensive Management Information System (MIS) is available to users. Users can perform trend, comparative and time-based analysis while still accessing traditional reports where necessary either at a summary level or by drilling down through the hierarchy to examine subsequent levels of details. By leveraging D&B’s global business information and unique corporate linkage capability in conjunction with Procserve’s service, companies can better understand their spend portfolio and optimise their supplier relationships to deliver greater cost savings.
Combining Procserve data and D&B information, the MIS includes the ability to consolidate spend and transaction details across related companies by grouping the spend under the global holding entity. Using SPM data provides users with the ability to view aggregated spend, monitor risk, and view supplier linkages. Allowing buying organisations to see how their supplier corporate family trees affect their overall of risk aggregation will help increase compliance to procurement regulations.
“We are delighted to be delivering a fully integrated solution with Procserve, combining best of breed data content with a robust online marketplace. This provides users with transparency of supplier risk by enabling a view of all corporate linkages, financial stability, aggregated spend and a holistic view of the supply base”, said Peter Livesley, Government Sector Leader, D&B
Procserve’s CEO, Veera Johnson added, “This partnership with D&B reinforces our position as a leader in the eProcurement and electronic trading space. We are thrilled to be working with an organisation of this calibre and look forward to offering our customers this unique solution.”
About Dun & Bradstreet
D&B (NYSE:DNB) is the world’s leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® since 1841. D&B’s global commercial database contains more than 129 million business records. The database is enhanced by D&B’s proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.
D&B provides customers with four solution sets, which meet a diverse set of customer needs globally. Customers use D&B Risk Management SolutionsTM to mitigate credit risk, increase cash flow and drive increased profitability; D&B Sales & Marketing SolutionsTM to increase revenue from new and existing customers; D&B E-Business SolutionsTM to convert prospects into clients faster by enabling business professionals to research companies, executives and industries; and D&B Supply Management SolutionsTM to increase cash by generating ongoing savings from our customers’ suppliers and by protecting our customers from serious financial, operational and regulatory risk. For more information, please visit www.dnb.co.uk
Procserve provides fast, flexible and secure electronic marketplaces and trading connectivity solutions. Procserve’s hosted, custom-branded solutions provide customers with the unique ability to leverage a software-as-a-service solution and maintain their own uniquely branded and configured marketplace. Customers enjoy a faster solution set up, lower cost of maintenance, and a secure environment. Procserve also delivers Zanzibar, OPEN and xchangewales on behalf of the UK Public Sector.
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