Expense controls.

• Position: Technology Tools

Zeborg™ Inc. has announced the availability of ExpenseMapR v.3.2, an upgrade to the company's core solution. The expense analytics software helps companies gain control over procurement by capturing spending data enterprise-wide, uncovering excess spending and revealing savings opportunities that directly impact the bottom line.

The New York-based company says the new version of the software is faster, easier to use and incorporates several new features designed to help Fortune 1000 financial services, insurance, energy and entertainment companies tap into the savings opportunities found in controlling indirect spending.

In fact, Zeborg claims in 2002, ExpenseMap has already processed $50 billion of indirect spend for a dozen customers, helping them identify billions of dollars in actionable savings opportunities. "Indirect spending represents one of the last places for companies to save," says Jack Reich, Zeborg's CEO and president. "Our exper-ience shows that many large companies spend an average of $70,000 per employee on goods and services. Getting a handle on those costs delivers immediate ROI at a time when companies really need it."

Zeborg's Web-based solution combines advanced procurement software, targeted expert advice and rich content to reveal spending patterns, identify savings opportunities, pinpoint which vendors companies should contract with and help ensure that suppliers and internal business units comply with corporate purchasing...