Reflecting an evolutionary shift in the company’s vision to deliver cost-effective solutions for managing customers’ indirect materials, Nexiant, Lake Forest, CA, has officially changed its company name to MarginPoint. According to MarginPoint, the name change reflects the company’s position as a leading provider of indirect materials management solutions, which yield up to a full percentage point of gross margin by reducing a company’s indirect material spend by 10 to 20 percent.
Robert Kibble, managing partner of Mission Ventures and a MarginPoint board member said, “With total indirect materials spend exceeding $120 billion in North America alone, indirect materials are a significant expense category for companies. In spite of this, few companies have been able to effectively control their indirect material spend because existing solutions address only parts of the indirect material lifecycle. Indirect materials management software is certainly an under-developed area and we believe MarginPoint has a distinct advantage.”
MarginPoint is a provider of cloud-based indirect material management solutions for the industrial market. More than 400 industrial companies currently use MarginPoint solutions daily to reduce their indirect material spending and streamline their indirect material management processes. MarginPoint’s SaaS delivery model enables customers to rapidly deploy the solution while minimizing up-front IT investment.
