CascadeWorks Announces Flagship Services E-procurement Solution: CascadeWorks Clarity.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Sept. 18, 2000 Inktomi Corporation For the Lakota spider-trickster god, see . Inktomi Corporation was a California company that provided software for Internet Service Providers, which was founded in 1996 by UC Berkeley professor Eric Brewer and graduate student Paul Gauthier. Deploys CascadeWorks Clarity to Effectively Manage Its Contingent Workforce A contingent workforce is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants. CascadeWorks, the pioneer of hosted software applications for services e-procurement, today announced CascadeWorks(TM) Clarity, the first in a series of solutions for the services e-procurement market. CascadeWorks Clarity is a Web-based, hosted application that streamlines the complex processes involved in procuring and managing contingent labor. Enabling Fortune 2000 companies to realize new opportunities for cost savings and operational effectiveness, CascadeWorks Clarity addresses the procurement and management of all categories of contingent labor, including time-based contractors sourced from staffing agencies or as independents as well as project-based consultants sourced from professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organizations. "With companies relying on increasing numbers of contractors and consultants, it is critical that they understand their contingent workforce activity," said Andrew Goloboy, research manager for ERM (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. applications at IDC. "By implementing solutions like CascadeWorks Clarity, companies gain the necessary insight that they currently do not have to optimize their contingent labor sourcing relationships and realize significant cost and time savings." Inktomi Corporation Realizes Significant Benefits Inktomi Corporation is implementing CascadeWorks Clarity company-wide to manage all of their contingent workforce management needs. "In comparison to other solutions, CascadeWorks Clarity offers the strongest overall contingent workforce management solution. It configures to adapt to our current processes, integrates into our existing 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. and procurement systems and addresses any type of service need -- from hourly contractors to project-based consultants," said John Zwieg, director of staffing at Inktomi Corporation. "We estimate that by implementing CascadeWorks Clarity we will be able to reduce our contingent workforce costs by about 10-20 percent." Customer-centric Enterprise Application Developed over the previous year with input from more than 30 companies, CascadeWorks Clarity delivers three key capabilities: -- Process management: Streamlines the requisition to payment process, providing configurable routing, notifications and approval of requests and information while serving as a central repository for all services-related documents. -- Program management: Enables contingent workforce managers to communicate, track and enforce program policies and information as well as better understand activity both in and outside of preferred vendor programs. -- Vendor management: Provides visibility and metrics across all staffing and consulting vendors, enabling companies to optimize their vendor relationships and performance. Based on technology from Oracle, Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. and BEA WebLogic A software suite from BEA Systems, Inc., San Jose, CA (www.beasys.com) that is used to deploy Web and SOA applications. The core product is BEA WebLogic Server, a J2EE application server. , CascadeWorks Clarity was designed from the ground up as a Web-based, multi-organizational enterprise application, able to meet the diverse needs of a wide range of customers through a highly configurable architecture. Delivered through our application hosting partner, Digex, CascadeWorks Clarity provides a process-based, easy-to-use environment that streamlines the interactions between hiring managers, contingent workforce managers, finance departments, services vendors and contractors. "The unique architecture of CascadeWorks Clarity enables organizations to easily configure the product around their own business processes, rather than be limited by a rigid set of functionality," said Todd Greene Todd Anthony Greene (born May 8, 1971 in Augusta, Georgia) is a catcher in Major League Baseball who is currently a free agent. He previously played for the Anaheim Angels (1996-2000), Toronto Blue Jays (2000), New York Yankees (2001), Texas Rangers 2002-2003) and the Colorado , CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of CascadeWorks. "By eliminating the need to host customized application instances for each customer, we offer our customers both flexible functionality and fast upgrades." Pricing and Availability CascadeWorks Clarity is available at this time to any company meeting the terms of the CascadeWorks Charter Customer Program. Pricing scales based on the size and activity of a company's contingent workforce, and includes a setup and implementation fee and monthly subscription fee. For more information about the CascadeWorks Charter Customer Program, please contact: 415/356-2245 x108 or sales@cascadeworks.com; or visit: www.cascadeworks.com. About Services E-Procurement Services e-procurement is a new application category that describes the strategic purchasing of 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. and management of services vendors through a collaborative hosted application. With services spend representing between one-third to upwards of two-thirds of a company's annual purchase dollars, the opportunities for cost savings and strategic impact are significant. Like product-driven e-procurement, services e-procurement offers operational efficiencies by enabling companies to aggregate buying, obtain vendor discounts and reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). . To achieve these efficiencies, services e-procurement solves the unique complexities of a purchase transaction in which there is no catalog, the terms of the contract change frequently, there is a broader diversity of vendors and there are legal and tax compliance issues that must be addressed. About Inktomi Corporation Based in Foster City, Calif., Inktomi Corporation develops and markets scalable infrastructure software designed for ISPs, content delivery and hosting providers, Web portal See portal. and commerce sites, wireless operators and global enterprises. Inktomi's business is divided into the Network Products area comprised of the Traffic Server network cache platform, Content Delivery Suite(TM) and associated value-added services; Portal Services consisting of the Search and Commerce Engines; and the Wireless area. Inktomi's customer and strategic partner base today includes such leading companies as America Online See AOL. , British Telecommunications, Excite@Home, Intel, iWon.com, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Microsoft, Nokia, RealNetworks, Sun Microsystems and Yahoo!. The company has offices in North America, Asia and Europe. For more information visit: www.inktomi.com. About CascadeWorks CascadeWorks provides solutions for the services e-procurement market. The flagship application CascadeWorks(TM) Clarity streamlines the complex processes involved in procuring and managing a company's contingent workforce. CascadeWorks' initial charter customer is Inktomi. Based in San Francisco, CascadeWorks is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with venture capital backing 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 ). For more information, please visit: www.cascadeworks.com. |
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