-- 80% of their spend under management, which is nearly twice than that placed by all other enterprises -- Procurement and A/P transaction cycle times 65% and 27% lower than their peers, respectively"By electronically connecting to more of their supplier base, Best-in-Class enterprises are steadily achieving transaction cost savings in both procurement and A/P departments," said Amit Gupta, research analyst, Aberdeen. "Top performing firms have demonstrated increased visibility into corporate spend and are continually encouraging enterprise-wide collaboration amongst key functions such as finance, procurement, A/P, and IT." Aberdeen recommends that enterprises yearning for Best-in-Class benefits should ignore the 80/20 rule of supplier enablement to enable a greater percent of their supplier base, while automating procurement and A/P processes by adopting technology solutions. A complimentary copy of this report is made available due in part by the following underwriters: Ketera, Puridiom, and Enporion. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?cid=4727. About Aberdeen Group, a Harte-Hanks Company Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions. As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.
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Contact Information: Media Contact: Amit Gupta, Aberdeen Harte-Hanks (925) 264-1828 amit.gupta@aberdeen.com