| ICG Commerce Selects ForsevaTRM as its Vendor Risk Management Software Solution |
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Procurement outsourcing leader to leverage ForsevaTRM platform to assess and monitor financial default risk of suppliers CHICAGO, IL (PRBuzz) September 7, 2010 -- Forseva (www.forseva.com), the leader in CRM-enabled credit and collections management software delivered as a service, announced today that ICG Commerce has deployed ForsevaTRM to improve the company's ability to assess and monitor financial risk of suppliers to support highly informed procurement decision recommendations. Chris Banschbach, ICG Commerce's Vice President Global Product Development, stated, "We are continuously in the market seeking products and services that allow us to better leverage our market insight, recommend the best supplier solutions and help our clients drive realized savings to the bottom line. ForsevaTRM provided the flexibility, security, reliability and performance needed for our diverse business requirements. We are excited about the speed with which we have been able to deploy Forseva's platform and the enhancements the ForsevaTRM product will deliver to our existing supplier financial risk management processes." "Vendor risk assessment and monitoring is an important aspect of supply chain management," said Charles Craigmile, CEO of Forseva. "We are proud to be a key solution provider for ICG Commerce and are looking forward to working together to support their evolving business model and strategic growth plans." About ICG Commerce, Inc. www.icgcommerce.com ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay services. Results-driven leaders access ICG Commerce's experienced resources and market intelligence to better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control. ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's (Nasdaq: ICGE) network of partner companies. The company has earned recognition from Forbes, Fortune, The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its leadership in procurement outsourcing. About Forseva, LLC www.forseva.com Forseva is the leader in CRM-enabled credit and collections management software delivered as a service. ForsevaTRM is the award-winning, total risk management application that empowers customers to seamlessly align commercial, consumer and vendor risk management with sales, marketing and customer service management on the Force.com platform-- the #1 cloud computing platform for business applications trusted by over 72,000 customers globally. The solution deploys in days and is highly reliable, secure, customizable and affordable with annual subscription fees as low as $1,500 per year. In partnership with Ansonia, D&B, Equifax, Experian, Graydon International, MicroBilt, Predictive Metrics and Salesforce.com, Forseva has delivered quote-to-cash management solutions for both small and large enterprise customers.
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