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InnerWorkings Secures Landmark Software Contract

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InnerWorkings Secures Landmark Software Contract
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CHICAGO–(BUSINESS WIRE)–InnerWorkings, Inc. (NASDAQ: INWK), the leading global marketing

execution firm, today announced that it has signed a multi-year

technology contract with one of the world’s largest adult beverage

companies to become its software provider for the ordering, tracking,

and data warehousing of point-of-sale materials and branded merchandise

throughout the United States.

The award, secured after a competitive process and robust diligence

period, is unique for InnerWorkings in that the scope is exclusively

related to its proprietary technology, which will replace multiple

existing systems currently being used by the client, while offering

significantly more functionality. The technology InnerWorkings will

deploy allows for project management of brand programs and an

aggregation tool for ordering marketing materials across the client’s

sales team and hundreds of distributor partners. The system will enhance

creativity through collaboration, drive down purchasing costs, improve

brand consistency, and provide transparency into ordering behaviors and

inventory levels by market while automating the processing of co-op

investments.

“InnerWorkings has made a substantial investment in VALO ®

over the years, and we are known in our market today as much for our

software as we are for our procurement capabilities. We are proud of its

functionality and its ability to remodel our clients’ processes”, said

Rich Stoddart, InnerWorkings’ Chief Executive Officer. “Our technology

platform has been developed through years of close collaboration with

marketing and brand professionals from multiple verticals with the goal

of solving their pain points. There is no better indication that we’ve

built a system that transforms legacy purchasing processes than this new

contract.”

The software to be deployed for this client is a new expansion of VALO ®

with a focus on best in class UI and UX upgrades to provide a B2C

experience in a B2B environment, including full client branding, color

palette, and fully customized order flow. The launch is scheduled for

January 2019.

VALO ® was developed inhouse over several years by more than

100 talented, full-time technology employees at InnerWorkings committed

to delivering leading global marketing execution software. To date, VALO ®

has been deployed in 38 countries, supports 13 languages, and transacts

in 28 currencies. VALO ® has multiple patents and a patent

pending for aggregated ordering. VALO ® can also plug in

to client systems like SAP Ariba and Coupa, determined by customer

workflow and as part of the InnerWorkings’ solution design process.

For more information about InnerWorkings, please visit www.inwk.com .

About InnerWorkings

InnerWorkings, Inc. (NASDAQ: INWK) is the leading global marketing

execution firm serving Fortune 1000 brands across a wide range of

industries. As a comprehensive outsourced enterprise solution, the

Company leverages proprietary technology, an extensive supplier network

and deep domain expertise to streamline the production of branded

materials and retail experiences across geographies and formats.

InnerWorkings is headquartered in Chicago, IL and employs approximately

2,100 individuals to support global clients in the execution of

multi-faceted brand campaigns in every major market around the world.

InnerWorkings serves many industries, including: retail, financial

services, hospitality, consumer packaged goods, nonprofit, healthcare,

food & beverage, broadcasting & cable, automotive, and transportation.

Contacts

InnerWorkings, Inc.

Bridget Freas

312-589-5613

[email protected]

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