Globally-Recognized Brand True Value Chooses Determine, Inc. to Digitally Transform Contract Management for Their Business
True Value, One of the World’s Leading Hardlines Wholesalers, Selects Determine, Inc. to Ensure Best-in-Class Contracting, Collaboration and Compliance
Carmel, IN, February 12, 2019 – Determine, Inc. (OTCQB: DTRM), the pioneering leader in global Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) Cloud Platform solutions, announced today that long-time customer True Value has implemented integrated, modular Contract Management to accelerate digital contract performance.
True Value Company, which has a longstanding reputation for independence and retail excellence with over 4,400 retail locations around the world, has been leveraging Determine Contract Lifecycle Management since 2011. Given the company’s expansive warehouse network, global retail presence, 13 regional distribution centers and roster of stores across 60 different countries, integrating the Determine Cloud Platform was a critical step in enhancing its efficiency and effectiveness.
The new Determine Cloud Platform is much easier to use than the prior system. The process for requesting, approving and searching for contracts is more streamlined and enables us to operate much more efficiently. We are pleased to continue our partnership with Determine, Inc. and look forward to how this enhancement will positively impact our business goals.”
— Susan Radde, Assistant General Counsel, True Value
By managing contracts on the Determine Cloud Platform, the True Value leadership team and contract user base will benefit from a faster, more efficient and agile experience that epitomizes ease of use across devices, from desktop to tablet to phone. This provides all members of the workflow and approval process with full capabilities anywhere at any time, especially with soon-to-be implemented DocuSign capabilities.
By migrating to the Determine Cloud Platform, True Value optimizes and streamlines the end-to-end contract process across users and departments. As the company’s business continues to thrive, having the advanced collaboration, workflow and integrated data capabilities of Contract Management on the Determine Cloud Platform — and especially ease of use at all stages of the workflow process — will empower the company to better leverage contracts to maximize third-party relationships, purchasing compliance and obligations management. We have worked hard to build our longstanding relationship with True Value, and are incredibly proud to be entrusted with further enhancing their overall capabilities to achieve process efficiency on a global scale.”
— Patrick Stakenas, President, CEO and Director, Determine, Inc.
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About True Value
True Value Company, headquartered in Chicago, is one of the world’s leading hardlines wholesalers with a globally recognized brand and over 70 years of experience serving independent hardware retailers. True Value Company provides its customers in over 60 countries an expansive product set with market-customized assortments at highly competitive prices, superior product availability, innovative marketing programs and a la carte value-added services like eCommerce ship-to-store, store remodel support and True Value University all within a flexible model that requires no membership. Serving over 4,400 stores worldwide, additional information on True Value is available at www.truevaluecompany.com.
Corcentric is a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.