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"BRINGING CONTRACT MANAGEMENT INTO THE 21ST CENTURY: 5 PRINCIPLES EVERY PROCUREMENT EXECUTIVE SHOULD KNOW"

Online Seminar Offered by Emptoris, Forrester Research
and European Leaders in Procurement

Burlington, MA – (April 9, 2008) –  Emptoris, a leading provider of enterprise supply and contract management software, in conjunction with Forrester Research and European Leaders in Procurement, will present an online seminar on contract management titled, “Bringing Contract Management into the 21st Century:  5 Principles Every Procurement Executive Should Know.”

Pauline King, Global Purchasing SRM Manager at Syngenta AG, a Financial Times Global 500 company; and  Andrew Bartels, Vice President & Research Analyst at Forrester Research, will share their experiences and insights into best practices in contract management.  David Rae, Editor of European Leaders in Procurement magazine, a leading publication for global procurement executives, will host and moderate the seminar.

The seminar will be held on Tuesday, April 15th at 12:30 PM London Time and 7:30 AM U.S. Eastern Time.  Registration for the seminar is available free online at http://www.emptoris.com/newsroom/webcasts.asp.  Seminar participants will learn the core principles necessary for successful contract management in a modern, global organisation – and specifically how to:  

• Achieve centralised visibility into supplier contracts portfolios
• Create contracts with optimal terms
• Monitor supplier compliance to contract commitments
• Reduce the risk of regulatory and corporate non-compliance
• Adopt techniques to measure and develop supplier performance

 “Procurement organisations are once again being called to maximise savings in the face of economic uncertainty,” said Eric Allen, Vice President and General Manager, Europe, Middle East and Africa (EMEA), Emptoris.  “A powerful weapon to help accomplish this is languishing in corporate filing cabinets.  Supplier contracts are the lifeblood of any supplier relationships. However, for most enterprises, contract management processes are fundamentally stuck in the 19th century. Bringing contract management into the 21st century creates opportunities not only to enforce obligations of the supply base and improve internal productivity, but also to capture savings opportunities and meet the regulatory compliance agenda, including in complex areas such as fair wages and environmental standards.”

Emptoris Contract Management software delivers stronger agreements and more effective contracting processes for the Global 2000's most contract-intensive companies. Using Emptoris Contract Management software, companies are able to realize savings in supplier negotiations and procurement spending, as well as increase contract compliance by allowing contracts to drive day-to-day operations.  Leading industry analyst firms have ranked Emptoris Contract Management as the leading contract management software solution available on the market.¹ Further information on Emptoris Contract Management is available online at www.emptoris.com.

About Emptoris
Emptoris is a world leader in innovative supply and contract management software solutions that empower enterprises to realize best value and accelerate profitable growth.  Emptoris solutions are used by successful Global 2000 companies in every industry.  Customers include American Express, Boeing, ConocoPhillips, GlaxoSmithKline, Kraft, Motorola, Owens Corning, Syngenta, and Vodafone.

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