Press Release
September 8, 2004
Perfect Commerce Enhances Spend Management Offering
Forms Strategic Alliance with Silver Oak Solutions
Kansas City, Mo., September 8, 2004
Perfect Commerce, Inc., a leading provider of world-class On-Demand Supplier Relationship Management (SRM) solutions and The Open Supplier NetworkSM (The OSNSM), and Silver Oak SolutionsTM, a leading spend management company, announced a strategic agreement in which Perfect Commerce will offer Silver Oak's spend management solutions to its clients, as part of the company's PerfectInsight suite of services. The agreement also allows Silver Oak to offer Perfect Commerce's On-Demand SRM utility to its client base.
"We are proud of our association with such a well-respected spend management company", stated Sandy Kemper, chairman and CEO of Perfect Commerce. "The extensive spend category expertise and spending analysis solutions that Silver Oak offers is a natural extension of our own commitment to provide world-class On-Demand SRM solutions."
"The enhancement of our spend analysis service delivers a compelling value proposition for our clients", noted Kemper. "PerfectInsight Spend Analysis provides visibility into enterprise-wide spending and oftentimes is the first step in identifying savings opportunities. It is not uncommon to see companies experience savings of 20 percent on direct and indirect goods when taking advantage of the insights obtained from a comprehensive spend analysis. This is a win-win for our clients."
PerfectInsight Spend Analysis will leverage the in-depth experience of Silver Oak Solutions which has analyzed more than $118 billion of purchased expenses across 73 clients. The company has helped clients review $9.3 billion of direct and indirect costs across more than 150 expense categories, facilitating more than $1.7 billion of recurring, annual cash savings for an average of 18.5 percent in cost reduction. With an extensive experience base and industry-leading service offering, Perfect Commerce provides an unprecedented level of business intelligence for procurement professionals. Whether dealing with complex or strategic purchased goods and services or MRO items, buying organizations realize hard dollars savings.
"This agreement enables a wider distribution of our solutions, at the same time it provides Silver Oak with the ability to offer our clients a complete portfolio of highly functional and affordable sourcing-to-settlement solutions", stated Dean Dorman, president and CEO of Silver Oak Solutions. "Our LPP® (Leveraged Purchasing Power) and PRISM® spend analysis customers are currently able to quickly identify meaningful sourcing and procurement efficiencies. With Perfect Commerce's PerfectInsight suite of services, our customers now have more options to further institutionalize and sustain those savings for years to come. The compounding effect can result in huge cost reductions."
About Perfect Commerce, Inc.
Perfect Commerce delivers On-Demand Supplier Relationship Management solutions and also provides connectivity to trading partners via The Open Supplier NetworkSM (The OSNSM). The company is a leading business-to-business e-commerce solutions provider with more than 150 Global 2000 clients, over 160,000 users and 8,000 suppliers.
Perfect Commerce provides a suite of solutions for the complete sourcing-to-settlement process. The company enables businesses to meet the complex challenges of spend management, sourcing, contract management, procurement, electronic invoice presentment and payment. Perfect Commerce helps its clients succeed by delivering accelerated return on investment, streamlining the procurement process and enhancing buyer-supplier relationships. Using Perfect Commerce, clients have reduced costs an average of 15 percent, compressed cycle times by 75 percent, and significantly improved procurement processes and analytics.
Headquartered in the metropolitan Kansas City area; with offices in California, Nevada and France; Perfect Commerce can be reached at 877.871.3788 or http://www.perfect.com.
About Silver Oak Solutions
With nearly 100 professionals from offices in Boston, New York, Philadelphia, and San Francisco, Silver Oak Solutions (www.silveroaksolutions.com) is the leader in Spend Management in the Government sector and a force in the corporate sector. Silver Oak Solutions partners with clients to identify, create and sustain measurable cost savings in procurement spending. The company provides comprehensive, flexible solutions, by combining rigorous strategic sourcing processes, in-depth supplier industry expertise and advanced procurement technologies.
Perfect Commerce Media Contact
Claudia Moore, Director of Corporate Marketing
claudia.moore@perfect.com
816-448-4323
Jennifer Cadmus
Visitech PR
jennifer@visitechpr.com
303-752-3562
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