Optimisation With Trade Extensions Just Got Easier

LONDON, August 27, 2010 - Trade Extensions has unveiled a new release of its strategic sourcing
software featuring 'one page' optimisation and intuitive reporting.

Optimisation allows buyers to find the best combination of suppliers and
goods or services and is essential with today's complex sourcing events. The
best combination will not necessarily be the lowest cost solution and
optimisation means organisations can find the combination that meets their
own strategic objectives. The new software - release 5.5 - is more intuitive
and gives users autonomy by making it simple to perform complex analyses.
Optimisation scenarios are now defined from one location without the need to
navigate through multiple pages and users can also analyse data using a
library of standard queries - making analyses easier and faster still.

The reporting functionality has also been improved and data can now be
analysed using OLAP (Online Analytical Processing) meaning users can 'slice
and dice' the data any way they choose and report easily on any aspect of the
procurement process. Reports can also be presented graphically, facilitating
clear communication throughout users' organisations.

Trade Extensions CEO Garry Mansell said, "The new functionality makes the
software easier to use. Users are able to achieve the best strategic sourcing
solutions themselves and they are less reliant on us as a company to help
find the answer."

Over last 12 months Trade Extensions has grown revenue by 25% as
companies are seeing optimisation and strategic sourcing as essential when
trying to achieve the best overall value that does not compromise quality.

Mansell said, "Our desire is to have the most powerful analysis software
that can be used with as little assistance as possible on our part. Once
users have been trained to use the software they are able to perform complex
analyses at great speed with the minimum of effort."

Trade Extensions

Trade Extensions (www.tradeextensions.com) sets new standards for
on-line procurement and optimisation. Its unique procurement software helps
organisations achieve their strategic buying objectives by specifying
sourcing events, collecting offers and, most significantly, optimising the
results. On-line procurement projects generate millions of variables and it
is the algorithm design that underpins the success of Trade Extensions'
software and means solutions can be identified in seconds. Trade Extensions
also provides integrated spend analysis to help organisations identify and
exploit procurement opportunities.

    More Information:

    Niklas Pettifor
    P&P
    niklas@pettifor.com
    +44(0)20-7936-9269

More Information: Niklas Pettifor, P&P, niklas at pettifor.com, +44(0)20-7936-9269