Arthur Andersen and J.D. Edwards Strengthen Global Alliance to Expand Software Services Within Energy and Chemicals Industries.HOUSTON--(BUSINESS WIRE)--Dec. 9, 1998-- Partnership Reinforces J.D. Edwards' Commitment to Successfully Serve and Support Energy and Chemicals Customers with Dynamic, Long-Term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. Software Solutions Enterprise business software provider J.D. Edwards (J.D. Edwards & Company, Denver, CO, www.jdedwards.com) A developer of multinational, integrated enterprise software for distribution, finance, human resources, manufacturing and supply chain management. (R) & Company (Nasdaq:JDEC JDEC Joint Data Exchange Center (US/Russian missile warning) JDEC Joint Document Exploitation Center (US DoD) ) today announced that the Company has entered into a formal alliance with Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing to provide services to energy and chemical companies. This global alliance builds upon an existing long-term relationship between the two companies, who have partnered together since 1984. By uniting Arthur Andersen's extensive industry experience and J.D. Edwards' proven technology, the alliance strengthens J.D. Edwards' flexible solutions for the energy and chemicals industries through collaborative business planning and co-developed vertical market software templates that allow applications to be pre-configured according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. standard industry process models. "We are seeing fundamental changes in the energy and chemicals markets, where the ability to rapidly convert ideas into action marks the difference between long-term winners and losers," said Victor Burk, partner in charge of Arthur Andersen's Global Energy and Utilities practice. "The innate flexibility of J.D. Edwards' ActivEra(tm) suite and the accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. knowledge capital of Arthur Andersen in these industries offer companies the opportunity to respond to these changes and remain competitive." "Unlike any other industry, our customers in the energy and chemicals markets contend with highly-challenging economic and environmental demands and restrictions," said Jim McLoughlin, vice president and general manager of J.D. Edwards Energy and Chemical Solutions. "By expanding our alliance with Arthur Andersen, we are providing our mutual customer base with the industry's most flexible software solution, and greater worldwide implementation service, support and expertise." J.D. Edwards and Arthur Andersen are working closely together to develop vertical market templates -- specific software templates that allow applications to be pre-configured according to standard industry process models. The templates deliver tailored applications to customers in the energy and chemicals industries and allow them to faciJ.D. Edwards consultants worldwide in all major geographies. About Arthur Andersen Arthur Andersen's business consulting practice helps leading organizations to improve their decision making, business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and organiirms and more than 61,000 people united by a sig together any of more than 40 competencies in ae its beginning in 1913, Arthur Andersen has realized 85 years of uninterrupted growth. With revenues of mormicals industries. A result of more than five years of collaboration Working together on a project. See collaborative software. with leading energy and petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. manufacturers and distributors including four large, multi-natof an ever-expanding global marketplace. About J.D. Edwards J.D. Edwards is a leading provider of Idea to Action(tm) enterprise applications, encompassingchnologies that allows companies to change enter, J.D. Edwards is headquartered in Denver and posted FY1998 revenues of $934.0 million. Additional informati herein are trademarks or registered trademarks of their respective owners. The historical results stated above are not necessarily indicative of the results of any future period. |
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