Alliance & Leicester Selects Verticalnet

  
    
  
  
    
      Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on demand supply 
      management solutions, today announced that Alliance & Leicester, one of 
      the UK’s leading financial services 
      organizations, has signed a multi-year subscription agreement for 
      Verticalnet® XE Negotiation Manager, a 
      component of the Verticalnet XE Supply Management Suite.
    
    
      When Alliance & Leicester, the eighth largest bank in the UK and among 
      the top 200 in the world, sought a leading-edge solution to increase 
      addressable spend and reduce sourcing cycle times, the award-winning 
      bank selected Verticalnet XE Negotiation Manager. After a competitive 
      evaluation that included a long standing incumbent, Verticalnet was 
      selected due to XE Negotiation Manager’s ease 
      of use and Verticalnet’s proven ability to 
      drive improved negotiation savings through the use of online auctions, 
      as well as the strength of local support that Verticalnet was able to 
      provide.
    
    
      "Having strong functionality with the right supply management team 
      supporting the solution was important to the success of our program," 
      said John Watts, Alliance & Leicester’s 
      Head of IT & Telecoms Procurement. “We 
      selected the Verticalnet XE Negotiation Manager solution because it was 
      the solution best suited to both meet our requirements and enable the 
      delivery of our savings goals.”
    
    
      Verticalnet XE Negotiation Manager enables sourcing organizations to 
      accelerate and improve negotiated savings through online auctions and 
      eRFX events.
    
    
      About Verticalnet
    
    
      Verticalnet is a leading provider of supply management solutions that 
      enable companies to identify and realize sustained value across the 
      supply management lifecycle. Going beyond traditional spend management 
      and sourcing approaches, Verticalnet’s 
      solutions provide the visibility, insight and process control required 
      to maximize the sustained value realization from supply management. 
      Large enough to help customers attain supply management success 
      worldwide, yet nimble enough to provide individual attention and remain 
      focused on customer priorities, Verticalnet is helping leading Global 
      2000 companies and mid-market enterprises move their supply management 
      efforts to the next level through an optimal blend of software, 
      comprehensive services, and deep category knowledge and domain expertise.
    
    
      To learn more, please visit us at www.verticalnet.com