ADVISORY/CascadeWorks' Customer Featured Speaker At the ISM's 87th Annual International Supply Management Conference and Educational Exhibit.

Business Editors/High-Tech Writers

International Supply Management Conference and Educational Exhibit

ADVISORY...for Tuesday (May 7)

--(BUSINESS WIRE)

Texas Instruments and CascadeWorks Co-Present How Texas Instruments

Saved Estimated $5M Per Year With CascadeWorks Clarity(TM)

Overview:

Facing flat growth in a down economy, corporate executives are wielding the cost-cutting ax to achieve earnings per share targets. Unfortunately, the available alternatives -- lay-offs and program cuts -- do not really improve efficiency or enable leaner growth when sales do increase. A critical but often untapped area for savings also happens to be the largest uncontrolled expense remaining in the enterprise: services spending. Most Fortune 1000 companies spend more than 50% of their annual purchasing dollars on services including facilities services, temporary staffing, marketing services, IT contractors, legal services, consulting projects and other services expenditures. The strategy this industry-leading corporation developed to save 5-8% on its services spend is the topic of this session.

Texas Instruments averages $300-500M in annual spend across services such as supplemental labor, consulting service agreements, turnkey construction services, and training. In this session, you will hear how TI is using CascadeWorks Clarity to improve purchasing compliance and drive competitive contracts, consolidate spend and increase on-contract buying. The case study will present an interesting look at the challenges endemic to services purchasing, a before and after look at process efficiencies and how streamlining the services purchasing process provides greater visibility into services spend from requisition to payment.

Where:                San Francisco, CA
                      Hilton Hotel San Francisco
                      333 O'Farrell Street
                      San Francisco, CA 94102-2116
                      Yosemite A Room

Conference Dates:     May 5 - 8, 2002

Speaking Date:        Tuesday, May 7, 2002 - 10:20-11:35 AM

Speaking Topic:       Services Supplier Relationship Management
                      Solution Saves Texas Instruments Estimated $5M
                      Per Year

Speakers:             Diana Jovin, Founder, CascadeWorks
                      Luther Harris, Procurement Manager for
                       Administrative and Energy Services,
                       Texas Instruments

About CascadeWorks

CascadeWorks is the leader in pioneering Services Supplier Relationship Management, an inter-enterprise software platform that enables collaboration between buyers and suppliers across the full life cycle of purchasing and management of supplier relationships, designed specifically for the unique needs of services. With services spend typically accounting for over half of all corporate purchasing expenditures, CascadeWorks' flagship product, CascadeWorks(TM) Clarity enables companies to achieve 10-20% cost savings across a broad range of services spend including facilities, staffing, corporate services, training, and marketing services. CascadeWorks Clarity is currently in use at industry-leading companies such as Autodesk, ABN AMRO NA, Charles Schwab & Co. and Texas Instruments, and was selected by Ariba to power Ariba(R) Workforce(TM). Based in San Francisco, CascadeWorks is a privately held company with venture capital from New Enterprise Associates (NEA) and Kennet Capital Limited, Broadview's early state venture affiliate. For more information visit www.cascadeworks.com.