Overview

Press Release

GTT's Purchasing and Finance Team-Up to Implement Procure-to-Pay From Determine, Inc.

CARMEL, Ind., Oct. 18, 2018 (GLOBE NEWSWIRE) -- Determine, Inc. (NASDAQ: DTRM), a pioneering leader in global Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) Cloud Platform solutions, today announced that GTT (Gaztransport & Technigaz), a leading engineering company in containment systems for the shipping and storage in cryogenic conditions of LNG (liquefied natural gas), has chosen Determine’s Procure-to-Pay solution.

For more than 50 years, GTT has been designing and marketing technologies combining operational efficiency and safety to equip LNG carriers, floating LNG units and multi-gas transport vessels. It also offers solutions for land-based tanks and the use of LNG as a fuel for ship propulsion, as well as a wide range of services.

Simple User Interface: The deciding factor in selecting Determine’s Procurement Solution
Among the procurement tools available on the market, the Determine Cloud Platform stood out for its:

  • Intuitive user interface
  • Seamless interface with GTT’s existing accounting system
  • Ability to manage complex business processes
  • Ease of configurability, giving platform administrators a high level of autonomy and process adaptability

"Determine is an easy-to-use tool, and ergonomics have been an important choice. A month after go-live, the first returns are positive. Our users emphasize the ease of use and the time savings provided by Determine. They particularly appreciate the ability to approve purchase requests in two clicks directly from their emails."
Pauline Gerard, Purchasing Manager, GTT (Gaztransport & Technigaz)

Purchasing and Finance Collaboration: A Key Factor for Project Success
The Determine implementation at GTT extends from Purchasing to Finance. To ensure the smooth running of the project and that requests from both departments are taken into account, a Finance Manager has been appointed in addition to a Purchasing Project Manager. This collaborative responsibility ensures that the solution workflows and settings match the needs of each functional area.

"Our Purchasing and Finance Departments worked closely together to ensure that the tool would meet their key issues and criteria. Being at the initiation of this project, Purchasing included all the specifications related to the Finance department. There were many meetings, giving each department the freedom to make decisions about the tool related to their area of responsibility."
Pauline Gerard, Purchasing Manager, GTT (Gaztransport & Technigaz)

"The strength of GTT has been its ability to put in place concrete actions that enable successful Purchasing / Finance collaboration to ensure the success of this project. We are happy to support the digital transformation of GTT and contribute to the alignment and success of their Purchasing and Finance departments."
Gérard Dahan, Global Chief Revenue and Marketing Officer, Determine, Inc.

About GTT
GTT (Gaztransport & Technigaz) is an engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas, in particular LNG (Liquefied Natural Gas). For over 50 years, GTT has been maintaining reliable relationships with all stakeholders of the gas industry (shipyards, shipowners, gas companies, terminal operators, classification societies). The company designs and provides technologies which
combine operational efficiency and safety, to equip LNG carriers, floating terminals, and multi-gas carriers. GTT also develops solutions dedicated to land storage and to the use of LNG as fuel for the vessel propulsion, as well as a full range of services.

GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120 and MSCI Small Cap indices.

For more information, visit www.gtt.fr

Supporting Resources
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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.

Contact
Media Relations:
Mike Mitchell
Determine Inc.
+1.650.532.1590
pr@determine.com

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Source: Determine, Inc.