SAN MATEO, CA Jan 11, 2016 – Determine, Inc. (NASDAQ: DTRM), a leading global provider of SaaS enterprise contract lifecycle management (CLM), strategic sourcing, supplier management and procure-to-pay solutions, today announced that a multi-billion dollar consumer packaged goods company will leverage the Determine cloud platform solution to maximize their strategic sourcing and improve control over their enterprise contract management processes.
Determine Strategic Sourcing and Contract Lifecycle Management solutions deliver bottom-line results based on understanding spend behaviors through embedded analytics, allowing organizations to make total cost of ownership based selection decisions, improve compliance in all supplier interactions and collaborate with suppliers to mitigate risk. Contract Lifecycle Management will streamline the entire contract lifecycle – from contract request, authoring, negotiation, internal approvals through contract execution, amendment through to contract renewal.
By using the Determine cloud platform the customer will be able to automate processes to better monitor, manage and build stronger supplier and internal stakeholder relationships. They will be able to quickly assess what changes have been made to contracts through advanced redlining capabilities, keep an accurate trail of contracts in their various iterations through versioning controls, easily include up-to-date, approved legal language and receive alerts when action needs to be taken on contracts or when contracts reach a critical milestone with Determine CLM.
“This customer came to us with very complex sourcing and contract management needs, leveraging the Determine suite, we are providing them with a comprehensive solutions set to automate their supplier and contract management processes which will enable them to control costs and mitigate risks – resulting in real bottom line business value.” said Patrick Stakenas, Determine President and CEO. “We’re excited to add them to our family of industry leading customers and look forward to helping them accomplish their business goals today and into the future.”
About Determine, Inc.
Determine (NASDAQ: DTRM) is a provider of leading enterprise cloud software solutions with over four decades of collective technical and process knowledge in the areas of strategic sourcing, enterprise contract lifecycle management, and procure to pay solutions. We provide the next generation of agile, enterprise cloud solutions for managing the needs of modern business. Using our intuitive applications, organizations can effectively manage the full scope of source to pay and enterprise contract lifecycle management requirements using the Determine platform.
The Determine platform is an open technology infrastructure based on smart process application models. The goal of our platform is to establish awareness of relevant data, manage business documents, embed analytical tools, create a means for collaboration, and provide advanced process management tools for fully integrating business processes through an open API infrastructure. Built on a unified and highly scalable platform, we deliver deep and innovative capabilities in strategic sourcing, supplier management, enterprise contract lifecycle management, e-procurement, invoicing, and other business operation areas.
In addition to our source to pay and enterprise contract lifecycle management solutions suite, we also provide a powerful, patented configuration engine solution, which Global 1000 companies use to increase revenue by facilitating the right combination of products, services, and price.
For more information, please visit: www.determine.com.