LONDON, June 18 /PRNewswire/ --     Trade Extensions, the e-sourcing and optimisation platform, has brought a
new level of sophistication and simplicity to spend management by launching
spend analysis and contract management functionality that is fully integrated
with its e-sourcing and optimisation components. Spend analysis is available
immediately and contract management will be launched later in the year.

Trade Extensions' spend analysis will automatically clean and aggregate
historical spend data to provide businesses with a model of spend across
their organisation. This information can then be used to identify areas where
it may be possible to reduce procurement costs or improve efficiency.

Spend analysis is also seamlessly integrated with Trade Extensions
e-sourcing and world leading bid optimisation services. Unlike other spend
management solutions where data has to be exported and imported at each
stage, Trade Extensions' spend analysis is inherently compatible with the
sourcing and bid analysis application so users can switch instantly between
the data sets and make comparisons. Seamless integration makes analyses
faster and more convenient but also provides more clarity by allowing users
to see how the bids they have received and the scenarios they are considering
compare to historical spend data.

Trade Extensions, President, Garry Mansell said, "The level of
integration sets it apart from our competitors and with our offer collection
and bid optimisation services it is easier to achieve strategic buying
objectives by exploiting enterprise wide opportunities."

In addition to spend analysis, Trade Extensions will further complement
its overall spend management service by launching integrated contract
management.

Contract management will be available in Quarter 4 this year and allow
users to access the essential terms of contracts, headline information and
renewal dates from one convenient location.

Mansell said, "Contract management will be fully integrated with spend
analysis, offer collection and optimisation to enable seamless data analysis
and report generation."

Trade Extensions

Trade Extensions (http://www.tradeextensions.com) sets new standards for
on-line procurement and optimisation. Its unique procurement software helps
organisations achieve their strategic buying objectives by specifying
sourcing events, collecting offers and, most significantly, optimising the
results. On-line procurement projects generate millions of variables and it
is the algorithm design that underpins the success of Trade Extensions'
software and means solutions can be identified in seconds.

Trade Extensions also provides integrated spend analysis to help
organisations identify and exploit procurement opportunities.

More information:
    Niklas Pettifor
    P&P
    niklas@pettifor.com
    +44(0)20-7936-9269