Global eProcure Reports Record Growth in 2007

Spend management leader continues sixth straight year of profitable growth with geographic and product expansion.

Clark, New Jersey
May 6, 2008

Procurement transformation firm, Global eProcure, announced that it continued its streak of profitable growth for the sixth straight year. The firm’s revenues grew 44% based on the strength of its expansion into Europe and new product offerings.

Among the many firsts for Global eProcure this past year was the opening of a new research and development center focused on advancing innovations in spend analysis, sourcing, and procurement technology. This center located in Hyderabad, India concentrates on using the latest in technology and complex analytical methodology to find new ways to better manage the spend analysis and procurement process.

As part of Global eProcure’s drive for advancements in procurement, the company also launched version 2.2 of its procure-to-pay platform that integrates with the Contract Management and Spend Analysis solution. This platform makes contract compliance easier to track and enforce via an intuitive and user-friendly dashboard interface. “Compliance is such a key issue within organizations that we wanted to offer clients a truly effective and innovative approach to managing it,” said Global eProcure CEO, Subhash Makhija.

In response to the needs it saw from the market, the firm combined its technology products and consulting services into a blended offering tailored to the unique requirements of each customer. This highly successful “Procurement Transformation” approach to spend management takes into account the level of technological integration and procurement processes currently in the organization and recommends a solution appropriate for the customer’s ability to process change.

“2007 was a great year for Global eProcure. We couldn’t be happier with the results that our team was able to generate,” said Global eProcure Chief Operating Officer, Jagadish Turimella. “When we started the year out, we knew that it was going to be a real turning point for the firm and we have delivered on every front.”

About Global eProcure

Global eProcure is a procurement transformation solutions company that provides the ‘right-sized’ Sourcing and Procure-to-Pay (P2P) technologies, on-demand. The software suite is offered in a flexible package, allowing customers to pick and choose solution components that match their unique transformation goals.

We simplify technology and leverage a powerful combination of people and innovative processes to ‘accelerate’ organizational transformation. Our full-suite offering of tools and process expertise, enables strategic partnerships with leading global organizations lasting several years, ensuring delivery of value at every step. The software tools cover the end-to-end requirements of medium to large sized organizations, at the transaction layer (P2P), the strategic layer (sourcing and supplier relationship management), the governance layer (spend compliance) and the analytics layer (spend dashboard).

We are a privately held enterprise with its world headquarters in Clark, NJ and regional headquarters in Prague, Czech Republic, London, Shanghai, Hyderabad and Mumbai, India. For more information about Global eProcure, please visit www.globaleprocure.com.

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Media Enquiries:

Siddharth Hegde
Director of Marketing
siddharth.hegde@globaleprocure.com
Desk: 732-382-6565 Ext: 4009
Cell: +91-9820217252

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