Vinimaya Introduces SmartAudit™ Module

Game-Changing Product Innovation Allows B2B Buyers to Monitor Supplier Data in the Cloud.

Cincinnati, OH, December 08, 2010 --(PR.com)-- Vinimaya, Inc. (www.vinimaya.com), the premier provider of innovative solutions to improve e-Procurement performance, today announced general availability of the patent-pending SmartAudit™ software module. SmartAudit™, part of Vinimaya Smart Marketplace Technology™, provides market-leading compliance and reporting functionality that enables companies to monitor their contracted rates for goods and services, even when pulling information directly from suppliers’ websites. SmartAudit™ establishes the “checks and balances” required for companies to feel comfortable moving their supplier data to the cloud and reduces the cost associated with managing local content.

“Prior to SmartAudit™, our clients wanted to eliminate the tedious, low-value tasks associated with local catalog management but they didn’t want to lose their visibility and control,” said Mike Precia, VP of Sales & Marketing, Vinimaya. “With SmartAudit™ in place, everyone wins – the company gains process efficiency, security, and advanced trending reports and the end users get the value-add shopping experience accessible within suppliers’ websites,” Precia concluded.

Standard functionality within SmartAudit™ module enables corporate buyers to:

Track Price History
* Maintain historical price data for every SKU
* Display price trending in users’ shopping carts
* Maintain price velocity & statistical details (average, high, low)

Manage Contract Data
* Allow upload of contract data
* Consider contract price as part of audit and price check
* Perform compliance checks on suppliers

Run SmartReports™
* Monthly price change report across suppliers
* Contract compliance summary and monthly details

“SmartAudit™ allows our clients to feel secure moving supplier data to the cloud, reduces costs, and improves the user experience,” stated John Hutchinson, President, Vinimaya, Inc. “We are proud of the continued market-focused innovation at Vinimaya; we consistently bring new value by creating solutions that enhance e-Procurement supplier enablement and end-user adoption,” Hutchinson added.

For more information and to view a brief live demonstration of SmartAudit™, please visit Xhttps://www2.gotomeeting.com/register/353936163 and register to view a recording of Vinimaya’s Improving e-Procurement Webinar Series: “How to Create an Online Marketplace That Employees Want to Use.”

About Vinimaya
Vinimaya, Inc. is a privately held software solutions company that provides innovative e-Procurement Catalog and B2B Shopping solutions for both buyers and suppliers based on their patented Vinimaya Smart Marketplace Technology™ platform. Vinimaya products are seamlessly integrated with systems from Ariba, SAP, Oracle and PeopleSoft among others and are used by global companies such as 3M, Alcoa, Sunoco, Agilent Technologies and Corning Inc. Vinimaya is a Vora Group company with offices in Cincinnati; Shelton, CT; and Bangalore, India. For more information please visit www.vinimaya.com or call 888-618-8634.

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Vinimaya, Inc.
Erinn Tarpey, Director of Marketing
732.337.7281
www.vinimaya.com
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