Vinimaya Sponsors Aberdeen Group’s “Effective e-Procurement” Report

Cincinnati, OH, February 19, 2011 --(PR.com)-- Vinimaya recently partnered with The Aberdeen Group to deliver Procurement benchmarking data and best-practice metrics from the analyst firm’s recent report: “Effective e-Procurement: Assessing Options for the New ‘Economic Normal.’” Constantine Limberakis, Senior Research Director at Aberdeen and one of the authors of the study, teamed up with David Elmo, VP of Product & Alliances at Vinimaya, to present the research findings during this month’s installment of Vinimaya’s Improving e-Procurement Webinar Series.

The online presentation was designed to provide Procurement and Strategic Sourcing leaders with the data points needed to achieve best-in-class e-Procurement. The research was compiled from the survey responses of over 150 Procurement, SCM, Finance, and IT executives from mid- to large-sized organizations in North America, Asia, and Europe.

During the online presentation Limberakis emphasized the following top desired Procurement improvements from the survey responses:

• Increase spend visibility: 49% cited this need
• Simplify the online buying experience for end users: 39% cited this need
• Measure compliance against negotiated contracts: 29% cited this need
• Set targets to improve the efficiency of the e-Procurement process: 28% cited this need
• Lower capital cost of IT management: 11% cited this need

“It’s clear from this recent Aberdeen benchmark report that, in many companies, the success of e-Procurement is limited by a complex end-user experience and ongoing supplier data management tasks that are time-consuming, IT resource intensive, and costly to maintain,” said Elmo. “A Marketplace 2.0 platform, like Vinimaya Smart Marketplace Technology™, is one that enhances the performance of existing e-Procurement investments by providing federated search capabilities -- across all supplier data sources -- powerful price auditing tools, robust reporting, and an intuitive, B2C-like shopping experience for end-users,” Elmo concluded.

Elmo’s portion of the presentation highlighted three innovative new SmartModules™ in the Vinimaya Smart Marketplace Technology suite: SmartAudit™, SmartQuote™, and SmartRank Analytics™. “Vinimaya’s latest product offerings help our customers take their e-Procurement process to a higher level -- using the business intelligence from their end-user search data to drive desired behaviors,” Elmo added.

“Achieving -- and then maintaining -- best-in-class ranking requires a corporate commitment to continuous innovation and change,” said Limberakis. “Companies that have the vision to create a better marketplace will be rewarded. ‘Marketplace 2.0’ solutions can dramatically improve their end-user shopping experience and increase spend under management while maintaining control and compliance to supply base initiatives,” Limberakis concluded.

To view an on-demand recording of the online presentation, please visit: https://www2.gotomeeting.com/register/969947250. Or, to register to receive a complimentary PDF of the report (a $399 value), simply complete the following online form: http://www.vinimaya.com/index.php?id=159. For more information regarding Vinimaya’s SmartModules, please visit: http://www.vinimaya.com/smartsearch-supplier-catalog.html.

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.

###