AMR Research Report Confirms Perfect Commerce's eSourcing Leadership; Leading Analyst Lauds Perfect's Customer Focus, Ease-of-Use and Broad Functionality.Business Editors/High-Tech Writers PALO ALTO, Calif.--(BUSINESS WIRE)--July 31, 2002 Perfect Commerce, the Enterprise Supply Management (ESM) solutions provider, today announced it ranked among the top e-sourcing vendors in AMR Research's report entitled "E-Sourcing: ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). Tastes Great, Applications Less Filling" issued on July 29, 2002. AMR Research projects that the strategic sourcing software market will grow from $350M in 2001 to approximately $1.8B by 2006, representing a five-year Compound Annual Growth Rate (CAGR CAGR See: Compound Annual Growth Rate ) of 40 percent, driven by the maturing software and a growing awareness of the compelling ROI. "Perfect Commerce has listened to the needs of corporate procurement/sourcing professionals by improving ease-of-use and adding functionality for things like commodity team collaboration and supplier performance management," said Pierre Mitchell, Vice President and Research Fellow, AMR Research. "We are grateful to be recognized for the focus we apply to customer needs, and the unique broad level of functionality our Enterprise Supply Management solution brings to areas such as collaboration and supplier performance management. On top of our longstanding sourcing, services and reverse auction leadership, this makes for a compelling value proposition for Global 2000 companies," said Kevin Surace, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Perfect Commerce. Report Underscores The Money Savings Opportunities Perfect's 40+ Customers Are Already Enjoying E-sourcing provides a tremendous opportunity for "taking the money on the table now" and "overall, AMR Research recommends companies do something now -- 'speed-to-category' ranks supreme," noted Pierre Mitchell. "Over the past 12 weeks alone, our customers have sourced $100M of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. and have netted hard dollar savings of $17.2M," said Kevin Surace. "Needless to say, these sourcing teams are heroes in the eyes of their CEOs and CFOs." Recent Acquisition of MaterialNet Expands Perfect's Product Offering With the recent acquisition of MaterialNet, a leading provider of e-Sourcing, optimization and auction solutions delivered as a Web-based ASP service, Perfect Commerce established its leadership position based on breadth and depth of solution and customer acceptance. (See "Perfect Commerce Accelerates Growth and Leadership With MaterialNet Acquisition" release dated July 8, 2002 at www.perfect.com). Perfect Bid Manager is an ASP-based self-service auction system with sophisticated constraint-based optimization for direct materials procurement. And, Perfect Supply Manager is a seamlessly integrated suite of seven modules -- Sourcing Manager, Auction Manager, Category Manager, Process Manager, Scorecard Manager, Contract Manager, and Perfect Insight -- that covers end-to-end sourcing and supply management processes and disciplines, from spend analysis through to supplier performance management, with full strategic sourcing process coverage. About Perfect Commerce Incorporated Perfect Commerce provides Enterprise Supply Management (ESM) software, services and expertise that enable Global 2000 companies such as America West Airlines America West Airlines was one of the United States' ten major airlines. The airline was based in Tempe, Arizona, and is now a part of US Airways Group. At the time of its integration into US Airways, the airline maintained two hubs, one at Phoenix Sky Harbor International , Bechtel, Hoover Precision Products, Peabody Energy (NYSE NYSE See: New York Stock Exchange : BTU Btu: see British thermal unit. ), Smurfit-Stone (Nasdaq: SSCC SSCC Serial Shipping Container Code (EAN barcoding) SSCC Sacred Hearts of Jesus and Mary (religious order) SSCC Space Station Control Center SSCC Sulphide Stress Corrosion Cracking ), Unocal (NYSE: UCL), and others to increase profits and improve product and service quality. Unlike companies offering only software or services, Perfect Commerce provides a complete solution comprised of software systems and the deep expertise and services in strategic sourcing and business process management needed to harness the power of Enterprise Supply Management. Perfect Commerce's offering complements and integrates with leading ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. solutions such as PeopleSoft (nasdaq: PSFT PSFT PeopleSoft (stock symbol) PSFT Progressive Saturation Fourier Transform PSFT Prosoft-Technology, Inc ), SAP (NYSE: SAP), and Oracle (nasdaq: ORCL). Perfect Commerce is headquartered in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. . For further information, visit www.perfect.com or call 1-650-798-3335. Note to Editors: Perfect is a registered trademark of Perfect Commerce, Inc. Perfect Supply Manager, Perfect Bid Manager and the Perfect logo are trademarks and/or service marks of Perfect Commerce, Inc. |
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