Computer software enabling procurement departments to analyze, manage and create standards around their sourcing processes; computer software for the analysis of existing commodity spend data from internal systems so organizations can understand opportunities for cost reductions and supplier/partner improvements; computer software for the analysis, creation, publishing, and evaluation of request for proposal/quote/information (RFP/RFQ/FRI), which are responded to by their suppliers; computer software for publishing, conducting, and evaluation of on-line auctions; computer software for creating, negotiating and binding of contracts; computer software for the automation of post-bind contract compliance which takes data from enterprise resources planning (ERP) systems and actively compares it to existing contracts for internal auditing; computer software for collecting supplier data from compliance, internal surveying, and data to "scorecard" supplier performance, as well as to measure against internal key performance indicators (KPIs)