Spend Analysis 5.0 includes new processing technology the delivers analytics faster and with higher accuracy, the Santa Clara, Calif., company said. In developing the software, Ketera focused on ensuring "high-quality data cleansing and classification in an automated and easy-to-use solution," Arun Prakash, senior director of products at Ketera, said in a statement.
In general, Ketera's online software enables buyers to track the money spent on supplies, and to monitor suppliers' performance. Buyers pay a monthly fee, while suppliers can participate at no charge. The hosted system also allows buyers to place and track orders.
Spend Analysis 5.0 is available now. Pricing was not disclosed.