NEW
YORK, NY, March 3, 2003 - Emptoris, Inc., leading provider
of sourcing solutions that support the end-to-end strategic sourcing
needs of Global 5000 companies, today announced that CIGNA Corporation,
a leading provider of insurance and related financial services,
has selected Emptoris’ premier expense analytics solution,
ExpenseMap®, to drive a strategic sourcing program based on
new visibility into corporate-wide spending.
Emptoris’ ExpenseMap
enables companies to gain control over procurement by capturing
spending data enterprise-wide
from multiple systems, uncovering excess spending and providing
detailed
spending analysis across all categories.
CIGNA selected
ExpenseMap to consolidate and categorize its indirect spending
across all operational units. The company
expanded its commitment to using Emptoris’ solution six
months after CIGNA's initial successful implementation of ExpenseMap
in September
2002.
“ExpenseMap has become ingrained in CIGNA’s procurement
process, enabling us to identify and monitor spending by providing
our executive and procurement team with a level of detailed information
that we haven’t been able to achieve in the past,” said
Cesar Penaherrera, chief purchasing officer, CIGNA Corporation. “ExpenseMap
has become a sourcing management dashboard for the procurement
organization and business units we serve.”
About Emptoris
Emptoris is a leading provider of sourcing solutions that support
the end-to-end strategic sourcing needs of Global 5000 companies.
By implementing the Emptoris Sourcing Portfolio, a suite of
Web-based sourcing solutions, enterprises can quickly deploy
sourcing best practices across the enterprise, automate all
strategic sourcing processes and determine the optimal allocation
of business among suppliers. Key benefits include lower costs,
shorter sourcing cycles and total sourcing program visibility.
Emptoris, a privately held company, is headquartered in Burlington,
Massachusetts.
In the News 
