Columbia Credit Union Selects Ketera on Demand Spend Management Solution
Contract Management Solution to Streamline Contract Management Lifecycle Process at Leading Credit Union

SANTA CLARA, CA, October 19, 2005 -- Ketera, the leading provider of On Demand Spend Management solutions, today announced that Columbia Credit Union, a community credit union, will implement their contract management solution to improve visibility, gain efficiency and streamline the contract management lifecycle process.

The Ketera Contract Management solution will enable Columbia Credit Union to maximize savings and ensure compliance by providing control and visibility into all of their contracts. Columbia Credit Union required an enterprise-wide centralized repository for existing and new contracts.

"After a careful review of other options, it was clear to Columbia Credit Union that Ketera's Contract Management solution delivers the capabilities we need for our business specialization," said Steve Kenny, vice president of Risk Management and General Services, Columbia Credit Union. "Ketera's on demand solution is ahead of the competition -- we'll be able to implement the solution in weeks and we never have to worry about taking the system down to install upgrades or make changes."

"We are extremely pleased to add Columbia Credit Union to the growing list of customers turning to Ketera for comprehensive on demand spend management solutions," said Steve Savignano, chairman and CEO, Ketera. "Ketera's Contract Management solution is an integral part of the spend management solution suite. Columbia Credit Union's decision to standardize their global process on our solution validates the inherent business value of the on demand model and demonstrates the scalability of our solution."

About Columbia Credit Union

Columbia Credit Union is a $670 million asset community credit union serving more than 60,000 members. The corporate headquarters are located in Vancouver, Washington. Founded in 1952 to serve SP&S Railroad employees. The charter changed in 1975, enabling the credit union to serve both railroad employees and community members. In 1976, Columbia Credit union was the first credit union on the West Coast to offer checking accounts and was among the first credit unions to offer innovative banking conveniences like ATMs, personal and business online banking, e-statements, online mortgage tools, business banking and wealth management, including full Trust services. Membership is available to individuals and businesses living, working or located in Washington State and additional information is found on www.columbiacu.org

About Ketera

Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.

Ketera Spend Management includes applications for spend analysis, sourcing, procurement, contract management, supplier performance and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.

For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com.

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