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Deem Spend Enables Companies to Realize Efficiencies and Savings on Direct and Indirect Spend

SAN FRANCISCO, CALIF., Nov. 5, 2014 (GLOBE NEWSWIRE) -- Companies today need modernized technology to increase productivity and save money across all aspects of their business. Unfortunately, most businesses have unrealized productivity gains and savings when it comes to identifying and managing suppliers and publishing approved vendor catalogs. Changing the sourcing game, Deem, a leading cloud and mobile commerce company, today announced the launch of Deem Spend, a suite of products that helps companies streamline spending from supplier identification all the way through item purchase.
Deem Spend is built from Ketera, a leading SaaS-based spend management solutions provider that Deem acquired in 2010. Now available on Deem's world-class Commerce-as-a-Service platform, Deem Spend has been rebranded, refreshed and revitalized to automate entire sourcing processes and maximize savings for our customers on every transaction. Deem Spend includes four modules:

  • Deem Spend Analytics – Deem Spend Analytics boasts patented technology that achieves the highest cleansing rate in the industry.
  • Deem Contract Management – End-to-end contract lifecycle management that enables authoring in addition to repository for end-to-end contract management.
  • Deem Sourcing – E-sourcing tool that incorporates extensive, industry-specific expertise and best practices in pre-built templates.
  • Deem Supplier Enablement – Supplier and catalog management that is compatible with any e-procurement system and empowers suppliers to manage their own content, saving valuable time and resources.

"With the launch of Deem Spend, we are introducing the only fully integrated suite of travel, expense and spend solutions," said Patrick Grady, founder and CEO, Deem. "While leading procurement vendors have halted innovation because they believe the market and technologies are mature, at Deem we are pioneering a revolution in the way companies source, spend and save."

"Deem Spend is not a new product," said Jason Busch, founder and managing director, Spend Matters. "As a customer of this solution from years ago, I can attest to how it is still relevant in the market based on today's needs. The re-introduction of an updated and enhanced version of Deem Spend is adding another worthy competitor to the current market."

A pure-play provider that understands sourcing and procurement, Deem is positioned differently than piecemeal and ERP solutions. The only integrated cloud suite of travel, expense and procurement applications, Deem enables companies to purchase virtually any product or service in context of corporate policy, the role of the employee and negotiated discounts, resulting in savings on every transaction.

Cloud-based and mobile-ready, Deem Spend comes enabled with out of the box content across the Deem portfolio and is designed for instant deployment and rapid adoption in organizations of all sizes. Deem combines its market-leading suite with the industry's most comprehensive B2B commerce network and a mobile-first consumer experience to deliver the industry's highest adoption and savings rates.

For more information, please visit http://www.deem.com/spend.

About Deem

Deem is a leading cloud and mobile commerce company, delivering Commerce-as-a-Service (CaaS) to a large and diverse ecosystem of customers, merchants and partners enabling them to lower costs, increase revenue and deepen customer loyalty. Businesses saving money with Deem include SMBs and Fortune 500 multinationals. Merchants selling on Deem include local and national consumer and business brands. Distribution partners include market leaders in business, consumer, mobile and travel services.

CONTACT: Andrea Meyer, Deem, Inc. 415.590.8950 Andrea.Meyer@deem.com

Source:Deem, Inc.