ETS Selects Procuri for Contract Management Improvements

Business Wire, April 12, 2007

TotalContracts Gives Tools to Author More Favorable Terms and Control the Contract Lifecycle

NEW ORLEANS -- Procuri, the world's leading provider of On Demand Supply Management solutions, has been selected by Educational Testing Service (ETS) to automate, centralize, and control thousands of its supplier and customer agreements. Procuri TotalContracts manages all aspects of the organization's business contract process, from collaborative contract authoring and negotiation to compliance management and renewal.

"Procuri is giving us greater control and value in our contractual relationships - such as agreeing to contract conditions on our terms, and staying ahead of key contract events, such as expirations and renewals," said Art Gelven, executive director of Corporate Contracts and Supplier Management at ETS. "We are able to create meaningful reports and better manage the contract workflow."

ETS is the nation's largest testing organization, developing and administering more than 30 million tests a year including The College Board's SAT[R], AP[R], CLEP[R] programs, as well as the GRE[R], and TOEFL[R] exams. It is responsible for thousands of contracts covering the lease of facilities at home and abroad, relationships with exam authors and reviewers, IT services, office supplies, print houses, and more. As the trusted source for exam development, distribution and grading, ETS prides itself on accurate and timely management and reporting. With the help of Procuri TotalContracts, ETS is looking to apply the same rigorous control to its internal operations.

"The contract lifecycle is traditionally an unruly, paper-based process. At the same time, it's the critical key to strong supplier relationships, regulatory compliance, and controlling cost," said Mark Morel, president and CEO, Procuri. "Our solutions are designed to be easily tapped with minimal up-front investment, to instantly eliminate the administrative burden of contract management and deliver immediate opportunity for savings."

Procuri Supply Management Solutions are in use by more than 360 customers across all geographies, industries, and sizes. The Procuri Supply Management Solution Suite includes solutions for spend analysis, strategic sourcing, contract management and supplier management. Procuri also offers advanced portals and dashboards and integration solutions. All Procuri solutions are available as Software-as-as-Service (SaaS), speeding deployment and adoption and eliminating the need for customers to install or maintain costly software or hardware.

About Educational Testing Service

ETS is a nonprofit institution with the mission to advance quality and equity in education by providing fair and valid assessments, research and related services for all people worldwide. In serving individuals, educational institutions and government agencies around the world, ETS customizes solutions to meet the need for teacher professional development products and services, classroom and end-of-course assessments, and research-based teaching and learning tools. Founded in 1947, ETS today develops, administers and scores more than 30 million tests annually in more than 180 countries, at over 9,000 locations worldwide.

About Procuri Inc.

Procuri leads the On Demand Supply Management industry with more than 360 customers of all sizes, industries, geographies and spend categories. Customers include Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, The McGraw-Hill Companies, Newell Rubbermaid, Sun Microsystems and Toyota Motor Sales. Procuri's On Demand solutions for spend analysis, supplier management, strategic sourcing, contract management and compliance are comprehensive, cost effective and instantly available. For more information, call 1-877-360-1600 or visit www.procuri.com.

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