Veterinary Pharmaceutical Leader Vetoquinol to Support Growth in Nearly 23 Countries on Determine, Inc. Source-to-Pay Cloud P...
December 10 2018 - 9:00AM
Determine, Inc. (NASDAQ: DTRM), a pioneering leader in global
Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM)
Cloud Platform solutions, today announced that Vetoquinol, the
world's 9th largest veterinary pharmaceutical laboratory, is
implementing Source-to-Pay on the Determine Cloud Platform.
Founded in 1933, Vetoquinol is an independent, family-owned
company dedicated exclusively to animal health. The company was
listed on the Paris Stock Exchange in 2006 to enhance its
international reputation, opening its United States headquarters in
Fort Worth, Texas three years later.
Today, with 140 distributors, 2,000 employees and a direct
presence in 23 countries, Vetoquinol will leverage technology to
manage indirect purchasing at an enterprise level — 23 legal
entities spread over three continents.
The objectives of the Determine Cloud Platform Source-to-Pay
implementation are two-fold: The simplification and optimization of
source-to-pay processes as part of a LEAN approach across the
entire purchasing-finance chain; and the improvement of team
efficiency, including centralizing upstream requirements, reduction
of document processing time, process security, etc.
Determine was chosen for its ability to understand and respond
to the business and organizational needs of Vetoquinol.
"Determine is positioned as a true partner, supporting
Vetoquinol over the long term as the Determine Cloud Platform
adapts to serve a growing company."— Gérard Dahan, Global Chief
Revenue and Marketing Officer, Determine, Inc.
For Vetoquinol, depth of experience, a broad knowledgebase and
global presence were also decisive factors in choosing
Determine.
"The Determine team’s deep involvement, expertise and focus on
listening are the main reasons behind our choice.”— Michel
Jeanningros, Indirect Purchasing Manager, Vetoquinol
Planned as a two-phase implementation, the project will begin
with the deployment of Determine’s modular Procurement and Invoice
Management modules to all Vetoquinol entities, and completed in
phase two with deployment of the Sourcing module to manage tenders
and analysis.
About Vetoquinol
Vetoquinol is a leading global player in the animal health
sector serving both the livestock (cattle and pigs) and pet (dogs
and cats) markets. As an independent pure player, Vetoquinol
designs, develops and sells veterinary drugs and non-medicinal
products in Europe, the Americas and the Asia-Pacific region. Since
its foundation in 1933, Vetoquinol has pursued a strategy combining
innovation with geographical diversification. The Group's hybrid
growth is driven by the reinforcement of its product portfolio
coupled with acquisitions in high potential growth markets.
Vetoquinol employs 2,135 people as at September 30, 2018.
Vetoquinol has been listed on Euronext Paris since 2006 (symbol:
VETO).
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About Determine, Inc.
Determine, Inc. (NASDAQ: DTRM) is a leading global provider of
SaaS Source-to-Pay and Enterprise Contract Lifecycle Management
(ECLM) solutions. The Determine Cloud Platform provides
procurement, legal and finance professionals analytics of their
supplier, contract and financial performance. Our technologies
empower customers to drive new revenue, identify savings, improve
compliance and mitigate risk.
The Determine Cloud Platform seamlessly integrates with major
ERP or third-party systems such as SAP, Oracle, Sage, QAD and
Microsoft. Modular solutions can be configured to add more as
needed to provide additional value beyond spend management. Our
unified master database and business process approach empower users
at every level to make more informed and smarter decisions.
For more information, please visit: determine.com.
ContactMedia Relations:Mike
MitchellDetermine Inc.+1.650.532.1590pr@determine.com