CHICAGO and SHANGHAI, July 12, 2011 /PRNewswire-Asia/ -- TradingPartners™ (www.tradingpartners.com) today announced its partnership with Shanghai-based software-as-a-service (SaaS) retail solution provider, PowerE2E. The partnership leverages the strong market presence of PowerE2E in Asia to allow TradingPartners to deliver spend management products and services to retailers and other multinational companies throughout the Asia Pacific region.
Under the agreement, PowerE2E will sell TradingPartners' spend management solutions to its customers in the Asia Pacific region helping customers drive down the costs of their direct and indirect spend. TradingPartners will sell the PowerE2E supply chain platform to retailers and manufacturers in its cornerstone markets of Europe, Latin America, and North America.
"The relationship with PowerE2E gives TradingPartners a significant presence in retail, manufacturing, and health care in the growing Asia Pacific region," stated Mark Barnekow, Chief Executive Officer of TradingPartners. "We are excited to partner with PowerE2E to complete the entire procure-to-pay offering for our customers globally and help them reduce costs in light of current increases in commodity prices and inflation across the globe."
TT Lim, Chief Executive Officer of PowerE2E said, "This new, dynamic partnership with TradingPartners will provide us an excellent footing in Europe, Latin America, and North America to continue to deliver value to our customers. TradingPartners' return on investment to its customers is impressive. Now, together we can drive immediate value for our customers with TradingPartners' spend management tools and services while also delivering immediate efficiencies by enabling our customers' supply chains with the PowerE2E platform."
As a result of this new partnership, TradingPartners and PowerE2E customers will benefit from an extended range of supply chain and spend management products and services as well as a broader global footprint.
About TradingPartners
Based in Chicago, with European headquarters in London, and operations in Asia and South America, TradingPartners provides the most comprehensive and effective spend management technology and managed services to retailers and other corporations to reduce the cost of their direct and indirect purchases with tangible results often in the 10-25% range. TradingPartners' unparalleled domain expertise, comprehensive supplier database, and robust technology platform has helped hundreds of manufacturers, retailers, and service firms achieve dramatic, tangible cost savings. For more information, visit www.tradingpartners.com.
About PowerE2E
With its headquarters in Shanghai, and regional offices in, Manila, Jakarta, Kuala Lumpur and Ho Chi Minh City, PowerE2E provides a powerful suite of products that enable the integration of supply-chain business processes for retailers and suppliers. PowerE2E offers software-as-a-service solutions to large multi-national retailers such as Carrefour, Lotte, and Tesco and large multinational CPG manufacturers like Coca Cola, Unilever, and Nestle. The PowerE2E platform processes hundreds of millions of US dollars in orders every week with some of the largest retailers and suppliers in Asia. For more information, visit www.powere2e.com.
