« Previous | Next » | All Messages |  PLUS Message Board Home | recommend post |  Ignore Poster

PLUS News ePlus Procurement Solution Selected by National Discount Store Chain

HERNDON, Va.--(BUSINESS WIRE)--ePlus inc. (Nasdaq NGM:PLUS), a leading provider of Enterprise Cost Management solutions, today announced that a leading national discount store chain has selected ePlus’ Procure+ to process more than $400 million in spend following an extensive evaluation of competing spend management solutions.

The Procure+ solution was chosen because of its breadth of functionality and features, which set it apart from other eProcurement products. These include inventory management, invoice matching, and templates for repeat ordering of standard goods and services as well as the capability to integrate into multiple back-office applications.

One of the key factors in choosing ePlus was that Procure+ could provide a repeatable and scalable process for managing a high rate of new store openings while at the same time integrate with the company’s existing applications and processes, such as its new store requirements planning software, its point of sale system, and its asset management software. Using Procure+ on a hosted platform, the company will gain crucial visibility into its supply chain, allowing it to implement spend management practices to reduce costs and replace multiple manual process with a single, scalable solution. Procure+ will be providing integrated eProcurement, inventory, and invoice management.

“The ability of Procure+ to streamline so many functions, and at the same time operate with existing business applications, speaks to its depth of functionality and design,” said Ken Farber, president of ePlus Systems.

About Procure+

Procure+ has been providing state-of-the-art functionality to solve complex procurement environments for more than 15 years. Supported by multiple patents, it is designed to create a paperless procurement process that facilitates total spend management and lower administrative and direct costs of purchasing. Available as a licensed, hosted, or web-services solution, the application addresses the most important aspects of the eProcurement lifecycle, including Internet-based requisitioning, order approval workflow, order status checking, purchase order generation, cataloging, data management, invoice matching and consolidation, inventory management, reporting, and accounts payable management. Add-on modules provide online bidding and reverse auctions, invoice matching, budget control, electronic payments, and asset tracking.

About ePlus inc.

ePlus is a leading provider of Enterprise Cost Management solutions to information technology, finance, procurement, operations, and supply chain professionals who want to reduce the costs of finding, purchasing, managing, and financing information technology goods and services. Our Enterprise Cost Management solutions provide sourcing, procurement, spend analytics, supplier management, document collaboration, asset management, professional services, and leasing to ePlus’ 2,000+ customers. Founded in 1990, the Company is headquartered in Herndon, VA and has more than 30 locations in the United States. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com.

ePlus®, ePlus Enterprise Cost Management®, Procure+®, and/or other ePlus products referenced herein, are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners.

Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary due to certain risks and uncertainties, including, without limitation, the existence of demand for, and acceptance of, our services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; the creditworthiness of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to realize our investment in leased equipment; our ability to reserve adequately for credit losses; fluctuations in our operating results; our reliance on our management team; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this release is as of December 4, 2006. ePlus undertakes no duty to update this information.