Bentley College Selects Datastream 7i to Optimize Facilities Management Operations Through Asset Performance Management.Business Editors/High-Tech Writers GREENVILLE, S.C.--(BUSINESS WIRE)--April 5, 2004 Capabilities of Datastream 7i Reduce Length of Dorm Inspections by 800 Hours through Advanced Handheld Capabilities and Allow Students to Place Service Requests via the Web Datastream Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DSTM DSTM Dual Stack Transition Mechanism DSTM Differential Space-Time Modulation DSTM Don't Shoot the Messenger, Inc (Milton, Ontario, Canada) DSTM Directorate of Science, Technology and Medicine DSTM Department Store Type Merchandise ) today announced that Bentley College Bentley College is located at 175 Forest Street in Waltham, Massachusetts, 10 miles west of Boston. Founded as a school of accounting and finance in Boston's Back Bay neighborhood, Bentley moved to Waltham in 1968 and today is ranked 31 on Business Week's top 100 undergrad , a business university based in Waltham, Mass., has deployed the Datastream 7i(TM) Asset Performance Management solution in its facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. department to improve the dorm inspection process, automate the management of thousands of work orders and optimize inventory in the centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. campus store. Using Datastream 7i, Bentley expects to save 800 hours of labor each year, reducing the length of the dorm inspection process from more than one month to just one week. Bentley has more than 5,000 undergraduate and graduate students and 1,000 employees at its campus. Each year, the facilities management department inspects each dorm room on campus with a 25-point process that includes checking for items such as broken lights, broken sinks and broken windows. Prior to using Datastream 7i, the department used a paper-based inspection process. The processing of data for the inspection of 5,341 dorm rooms took from four to six weeks to complete. Through its Inspection module, Datastream 7i automates this entire process. By using handheld devices and moving room to room, employees can enter results directly into handheld devices; the results are then uploaded to Datastream 7i. New work orders are generated in a few hours, and billing information is transferred within a week. "We selected Datastream 7i because its inspection functionality is far superior to the other solutions we evaluated," said Tom Kane For other people named Tom Kane, see Thomas Kane Tom Kane was born in 1962 in Overland Park, Kansas. With over 25 years of experience, he is a prominent voice actor in the U.S. who is best known for his animation work. , Facilities Administrative Systems Manager of Bentley. "Datastream's Web architecture allows us to access the application from anywhere, and the application can be configured to meet our specific requirements. The results for us have been compelling; we've reduced the amount of time required for the inspection process by approximately 80 percent." Bentley has also built a custom process to integrate Datastream with its Banner 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. system. This integration allows Bentley College to capture and track the costs associated with each building on campus. This data enables the facilities management team to identify "high cost" buildings and to take the steps required to bring them in line with other buildings on campus. Bentley College also uses key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. (KPIs) and executive dashboards to provide "at a glance" information on important metrics, such as average response time to work order requests, so the team can meet its performance goals. Bentley is exposing the Datastream 7i work-order functionality via Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. to the general population, so anyone on campus can log on to the system and enter a work request and track its progress. The school currently processes approximately 15,000 such requests with the system each year. Datastream 7i also automates inventory management in the central campus store, so there is always an appropriate level of inventory to support ongoing operations. "Educational institutions such as Bentley are finding great value in Datastream 7i because its flexibility enables them to transform their facilities management processes and dramatically improve efficiency," said Larry Blackwell, president and 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 Datastream Systems, Inc. "Technologies such as mobile and Web services allow Bentley to rework re·work tr.v. re·worked, re·work·ing, re·works 1. To work over again; revise. 2. To subject to a repeated or new process. n. operations and processes, thus significantly reducing the time it spends on inspections. As a result, Bentley is able to increase student satisfaction, enhance visibility across systems and better manage its inventory." About Datastream Systems, Inc. Datastream Systems, Inc. (NASDAQ: DSTM) provides Asset Performance Management software and services to enterprises worldwide, including more than 65 percent of the Fortune 500. Datastream's solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance. By using Datastream's solutions, customers can maintain and manage capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) - such as manufacturing equipment, vehicle fleets and buildings - and create analyses and forecasts so they can take action to improve future performance. Datastream's 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. , Datastream 7i(TM), delivers a complete Asset Performance Management infrastructure by combining an Internet, web services architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability. Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit www.datastream.net. Datastream and Datastream 7i are marks of Datastream Systems, Inc. ("Datastream" or the "Company") or its subsidiaries. All other products or Company names mentioned are used for identification purposes only and may be trademarks of their respective owners. This press release contains forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to: increasing competition in the markets in which the Company competes; the stability of certain of the Company's strategic relationships, including those with suppliers of 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 parts; the ability of the Company to: sell larger and more complex software solutions, successfully transition to the development of further Internet-based products, successfully implement an application service provider business model, enhance its current products and develop new products that address technological and market developments; and other risk factors listed from time to time in Datastream's SEC reports, including, but not limited to the "Risk Factors" contained in the Datastream's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2003. Datastream does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based. |
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