Aberdeen Group Recognizes CascadeWorks Implementation as Best Practice in Services E-Procurement.Business Editors/High Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Oct. 7, 2002 Use of CascadeWorks Clarity in Fortune 1000 Firm Cited as One of Most Successful Enterprise Online Services Procurement (OSP (Online Service Provider) See online service. OSP - Optical Signal Processor ) Initiatives CascadeWorks, the leader in pioneering Services Supplier Relationship Management, announced today that IT market analysis and positioning services firm, Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. , has recognized the deployment of CascadeWorks Clarity at Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. as a Best Practice in Online Services Procurement. In its report, "Best Practices in Online Services Procurement (OSP): Travel, Print, and Contract Labor," Aberdeen identified enterprises that have been the most successful in using OSP solutions to control costs, streamline processes, and enhance responsiveness, and profiled 11 enterprise deployments, including Texas Instruments' use of the Clarity services procurement application. "With greater focus on cost cutting measures, companies are beginning to take a more strategic approach to managing their services spend enterprise-wide," said Stephen Zocchi, vice president of marketing for CascadeWorks. "Research and best practices highlighted from forward-thinking firms such as Aberdeen Group help companies understand that with the right technology, global enterprises can achieve immediate services cost reductions that payback the technology investment inside the first year of operation. As TI and other leading Fortune 1000 companies implement CascadeWorks Clarity across a wider range of complex services spend, the savings will be even greater." Aberdeen research has shown that automating the purchase of operational goods, such office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). , maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) materials, and computers and peripheral devices, can produce considerable quantifiable savings in both time and price of the goods being purchased. Similarly, OSP solutions addressing complex business services have resulted in reduced prices paid for services; improved contract compliance; shortened procurement and fulfillment cycles; reduced administration costs; and enhanced responsiveness to employees, supply chain partners, and even customers. The Aberdeen report noted that companies need to continue to focus on cutting costs and streamlining internal processes as the global economy struggles to recover. Business services represent over half of companies purchasing spend on average, but they had eluded early e-Procurement automation. New OSP solutions like Clarity, have been developed to address the complexities of business services and the report documents how these solutions are saving companies time, service costs, and improving services spend visibility. "Aberdeen was one of the first market research firms to quantify the benefits and pitfalls of e-Procurement technologies, and in our continued research of emerging procurement automation technologies, we have now identified enterprises that have been the most successful in deploying systems to address the procurement of business services, a largely untapped area of enterprise spend," said Christa Degnan, Aberdeen senior analyst and report author. "With a nationwide deployment of the Clarity system to address its considerable services spend, Texas Instruments is a leader in executing on a comprehensive strategy for services procurement and has seen significant rewards, including an estimated 5 to 8% on overall services spend savings." A copy of the Aberdeen report, featuring the case study of Texas Instruments' implementation of CascadeWork's Clarity as well as other winning enterprise deployments is available by visiting http://www.aberdeen.com/ab_company/hottopics/ospbp/default.htm. The TI case study is available from CascadeWorks at http://www.cascadeworks.com/whitepapers/wpform-4.html. 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 A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , CascadeWorks(TM) Clarity enables companies to achieve 10-20% cost savings across a broad range of services spend including facilities, staffing, corporate services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. , training, and marketing services. CascadeWorks Clarity is currently in use at industry-leading companies such as Autodesk, ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) NA, Charles Schwab Charles Schwab can refer to:
A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with venture capital from New Enterprise Associates (NEA NEA abbr. 1. National Education Association 2. National Endowment for the Arts NEA (US) n abbr (= National Education Association) → Verband für das Erziehungswesen ) and Kennet Capital Limited, Broadview's early stage venture affiliate. For more information visit www.cascadeworks.com. About Aberdeen Since 1988, Aberdeen has been a leader in providing market analysis and positioning services that help business technology suppliers meet the challenge of establishing leadership in fast-changing markets. Aberdeen is headquartered in Boston, MA, and has research divisions in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , CA; Fort Collins, CO; and Amsterdam, the Netherlands. Aberdeen is accessible via the Web at www.aberdeen.com. CascadeWorks and the CascadeWorks logo are trademarks of CascadeWorks. Other company names and trademarks are trademarks of their respective companies. |
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