Unimarket Announces Cloud eSourcing Functionality to Complement the Company’s Leading SaaS Collaborative eProcurement Solutions

Annapolis, MD, March 17, 2010 --(PR.com)-- Today, Unimarket, the global leader of collaborative eProcurement networking, announced a new collaborative eSourcing solution specifically for mid-large public sector organizations.

With the introduction of eSourcing, Unimarket continues to maximize strategic value for all customers; by achieving more spend under management in an efficient cost effective way.

Unimarket’s successful eProcurement solutions already streamline the business of purchasing across organizations and their suppliers’ supply chains. With best practice procure-to-pay processes, powerful global supplier network and leading SaaS multi-tenant technology, Unimarket’s customers can rapidly achieve spend under management for significant hard dollar cost savings.

“We are pleased that Unimarket is introducing collaborative technology for strategic sourcing,” said Denise Smith, Director of Procurement Services at the University System of New Hampshire. “We have multiple campuses statewide and we need a collaborative solution that offers the best transactional usability for buyers, while also facilitating the more strategic functions of procurement. The Unimarket eSourcing tool has the functionality we need.”

Unimarket’s public sector customers include k-12, Higher Ed, Health and Government organizations, all influencing the company's R&D effort toward innovative spend management capabilities. Spend Management is not just about securing contracts, it’s about compliance to contracts which requires a solution that delivers sophisticated easy-to-use functionality for seasoned procurement professionals and their internal customers. Achieving this is simply no longer optional in the taxpayer-funded public sector.

"eSourcing is all about securing supply, which in the public sector often translates to complicated rules, stringent bidding and tendering processes, " said Justin Gillion, Strategic Product Manager at Unimarket. "Considerable functionality and various checks and balances are required in the public sector, which creates challenges that private sector solutions are often not adequately equipped to handle."

“Strategic Sourcing in the public sector takes years for even the strongest procurement professionals to become proficient in,” says Scott Blackwood, Founder and CEO of Unimarket. "Achieving spend under the right management is critical for all businesses. However, traditionally it has been difficult to achieve across decentralized, fragmented public agencies operating under strict guidelines using time consuming manual procedures and paper-based business processes."

Blackwood continued, “Today we have a multi-tenant SaaS technology built from the ground up. Procurement professionals log in and manage spend by securing supply contracts with competitive bidding, or access already negotiated aggregate or state contracts.”

About Unimarket: Located in Annapolis, MD, Auckland, NZ and Melbourne, AU, Unimarket is the global leader of collaborative eProcurement networking, providing software on demand to streamline procure-to-pay operations and achieve cost savings within and across organizations. Customers tailor a user-friendly buying portal for decentralized purchasing that drives compliance to selected suppliers from the Global Supplier Network. Quote requests, supplier maintained catalogs and punch-outs are routinely accessed to locate and buy the most cost-effective goods and services – all in sync with controls within respective customer finance/ERP systems. A distinctive feature of the Unimarket solution is the ability for customers to collaborate on their common purchases, thereby increasing economies of scale and driving down unit costs. For more information, please visit. Please contact www.unimarket.com for more information.

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