Perfect Commerce is the largest provider of On-Demand Supplier Relationship Management (SRM) solutions and the Open Supplier Network^SM (OSN^SM). Perfect Commerce has more than 190 Fortune 1000 clients, 165,000 users and 8,500 suppliers. In operation since 1999 and one of the early pioneers in business-to-business eCommerce, Perfect Commerce offers complete source-to-settle solutions enabling companies to reduce the cost and complexity of their procurement processes and accelerate the delivery of bottom-line results.

On-Demand delivery of SRM solutions is a high-growth market driven by the need for enterprises to more efficiently manage their resources. The impact of the supply chain on companies' margin improvement initiatives is a critical factor. Perfect Commerce On-Demand solutions allow companies more flexibility - our solutions work with any system and you only pay for what you use, they are faster to deploy allowing immediate benefit and they are easy -- simplifying the complex purchasing process. Best of all, On-Demand delivery is cost effective -- up to 90% less expensive than traditional software. Perfect Commerce's On-Demand SRM offering, coupled with deep supply chain expertise, enables companies to gain immediate efficiencies and deliver bottom-line results.

The Open Supplier Network enables access to thousands of fully connected suppliers and maintains over 21 million catalogue items in Catalogue Manager. The OSN addresses key supplier network functionality requirements, including transaction management, catalogue management, and supplier enablement. Connect Manager enables any of the PerfectSource, PerfectProcure and PerfectFinance solutions or any other purchasing and procurement applications to connect to the OSN.

PerfectSource allows sourcing managers to rapidly simplify and find savings in the sourcing process, easily locating suppliers, direct or indirect goods and services, and the lowest total cost of purchase. PerfectSource rapidly automates the sourcing process from events to contracts to results. In concert with your existing procurement and ERP systems, PerfectSource brings speed, visibility and control to the purchase order process and enables new levels of supplier performance management.

PerfectProcure addresses key enterprise-procurement functions with an integrated suite of modules, including Procurement Manager and Search Manager. Together, these solutions enable control of spending and rapid automation of the purchase-to-pay process. Complementing existing purchasing and ERP systems, PerfectProcure brings speed, visibility and control to the procurement process.

PerfectFinance addresses key finance management requirements with an integrated suite of modules, including Invoice Manager and Payment Manager. PerfectFinance facilitates the finance process from invoice delivery and matching, to invoice approval and payment. Complementing existing purchasing and ERP systems, PerfectFinance brings a new level of visibility and control to the management of the invoicing and payment functions.

Perfect Commerce Operations provides these solutions to customers in a secure and stable environment and has built world-class methodologies and procedures. Perfect Commerce was one of the first e-business services providers to achieve level 2 certification of the Software Engineering Institute's Capability Maturity Model (CMM). The Perfect Commerce operation environment is owned and managed by the company, whose partners and technology represent the best-of-class in e-business solutions. Perfect Commerce has extensive experience and operational capabilities that are unmatched by any other e-purchasing systems provider in North America.

Perfect Commerce customers use our solutions to source and procure everything from direct and indirect goods to services and capital equipment. Our customers routinely realize the following results:

• An average of 15 - 20% immediate hard-dollar cost savings
• An additional 10 - 15% soft-dollar savings
• Increased value from suppliers
• Reduced sourcing cycle times of 25 - 50%
• 100% visibility into all sourcing and procurement decisions
• Best practices deployed globally
• Improved supplier relationships with higher product and service quality

We are proud to serve some of the top companies in the world across a wide variety of verticals including the consumer package goods, financial services, energy/utilities, automotive, retail and chemical/gas industries.

The company's experienced management team has a strong background in web-based enterprise software, banking and finance, and supply chain management.

• Alexander "Sandy" Kemper, Chairman and Chief Executive Officer
• James Hagemeier, Executive Vice President, Chief Operating Officer
• Dan Rawlings, Executive Vice President, Worldwide Sales
• Edward Foster, Executive Vice President, General Counsel
• Bob Lutz, Executive Vice President and Chief Information Officer
• Tom Ponich, Vice President, US Sales
• Matthew Worth, Vice President, Professional Services
• David Rowe, Vice President, Product Management and Marketing
• Krista Sickles, Vice President and Controller
• Dan Block, Vice President, Organizational Resources

Perfect Commerce began operations in 1999 and is backed by some of the leading venture capital markets in North America, including: Mayfield Fund, Dawntreader Ventures, Mobius Venture Capital, New Enterprise Associates (NEA), Oak Hill Venture Partners, as well as 19 of the largest utility companies in North America including: Consolidated Edison, Duke Energy, FirstEnergy Corp., P.G.& E. Corp. and Southern Company.