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Intesource, the intelligent sourcing experts, today announced the release of a new Spend Management module, implemented into the Intesource Intelligent Sourcing Suite. Utilizing Intesource's proven tools and technology, combined with expert services, spend management can become a regular part of an organization's ongoing fiscal maintenance.

The Spend Management module can be deployed separately as a stand-alone solution, or in combination with other Intesource e-sourcing modules. Available in on-demand or enterprise versions, the application suite is a comprehensive, full-featured system that leverages industry best practices to enable purchasing professionals to maximize savings and show dramatic ROI throughout the entire procurement cycle.

The Intesource tools and services are available to assist companies in the analysis and management of spend for the purpose of future decision making and, ultimately, to drive bottom line improvement. Intesource offers critical insight into identifying savings opportunities and key strategies for sourcing, budgeting and planning.

A technology driven research firm, Aberdeen Group, found that "Few enterprises know what they spend, on which products, or with which suppliers. As a result, supply managers and business executives are developing strategies and decisions based on intuition rather than fact. Aberdeen estimates that from 200 enterprises they studied, $260 billion has been lost each year due to a pervasive inability to organize and analyze spend data."

Jason Busch, the industry authority on Spend Management and lead contributor to Spend Matters stated "Across industries, Spend Management is becoming strategic at the highest levels within organizations. And within the retail industry, it often determines the winners and losers in particular segments. From helping retailers identify the right sources of global supply to insuring the highest the levels of supplier quality and on-time performance, Spend Management can help retailers improve their margins, drive revenue growth, and delight their customers. But Spend Management is not just about technology. Intesource understands that Spend Management solutions must also include content, insight, and enabling services to maximize the value delivered to customers."

Knowing fiscal responsibility is a continued business focus, Intesource's best practices methodologies and the world-class tools will help organizations to capture, manage, and realize available savings - positively impacting bottom-line results.

About Intesource
Intesource, Inc. is a global provider of information, services, and intelligent sourcing solutions. Serving many industries, we deliver superior technology backed by industry-leading best practices methodologies. Our on-demand and enterprise solutions lead to high impact results including enhanced productivity, cost reduction, and bottom-line profitability. We do more than help: We create experiences.

For additional information, please visit www.intesource.com, or call 1-800-475-2149.