KeyBank Selects Procuri TotalSource to Unlock Supply Savings and Standardize Strategic Sourcing Processes

Business Wire, Oct 2, 2006

ATLANTA -- Procuri, the global leader in On Demand Supply Management solutions, today announced that KeyCorp (NYSE: KEY), one of the nation's largest bank-based financial services companies, selected Procuri TotalSource to streamline and automate its strategic sourcing processes.

With TotalSource enhancing their sourcing processes, the company expects to achieve an incremental 5 percent savings on goods and services sourced enterprise-wide and a 25 percent time savings. After an extensive two-year market evaluation of sourcing providers, KeyBank selected Procuri based on its On Demand model, reputation for listening and implementing customer feedback, and its cost effective, Software-as-a-Service pricing structure.

"We are excited to use Procuri's TotalSource solution to enable our organization to achieve strategic sourcing excellence," said Deborah Manos, EVP director of Corporate Sourcing and Real Estate for KeyBank. "Procuri will allow our organization to easily and quickly conduct sourcing events, gain control over our sourcing processes through standardized templates and achieve a consistent, repeatable process."

KeyBank will immediately leverage Procuri TotalSource to speed and optimize sourcing for renovation materials and services, such as carpet, paint, and repair services in KeyCenters across the U.S. Procuri TotalSource will enable KeyBank to make best-value sourcing decisions that deliver an optimal mix of global suppliers, products and services in any spend category.

"We are very happy to have KeyBank as a new Procuri customer. Their selection of Procuri is yet more proof that On Demand strategic sourcing has an immediate and very real impact on businesses," said Mark Morel, Procuri's president and CEO. "TotalSource's rapid deployments, ability to standardize and automate processes, and numerous advantages of the On Demand model allows customers to quickly gain savings and a competitive advantage."

About KeyCorp

Cleveland-based KeyCorp (NYSE: KEY) is one of the nation's largest bank-based financial services companies, with assets of approximately $95 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.

About Procuri Inc.

Procuri leads the On Demand Supply Management industry with more than 350 customers of all sizes, industries, geographies and the highest customer-retention rate. Customers like Georgia-Pacific, Sun Microsystems, U.S. Steel, Baxter Healthcare, Cadbury Schweppes and National City Corp leverage Procuri solutions to negotiate best-value supply relationships and drive continuous improvements in performance and cost. Procuri's On Demand solutions for spend analysis, supplier management, strategic sourcing, contract management and compliance are comprehensive, cost effective, fast to deploy, and always available. For more information, call 1-877-360-1600 or visit www.procuri.com.

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