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CascadeWorks Announces KPMG Consulting as First CascadeWorks Certified Systems Integrator.


Business Editors/High-Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--Feb. 4, 2002

KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 Consulting to bring strategy, implementation capabilities and

systems integration experience to services e-procurement deployments

CascadeWorks, the leader in enabling services e-procurement, announced today that KPMG Consulting, Inc. (Nasdaq:KCIN) has been named the first CascadeWorks Certified systems integrator. The CascadeWorks Certification program includes rigorous functional and technical training, enabling CascadeWorks Certified consultants to deliver rapid cost savings to Fortune 1000 companies with significant services spend. By working with CascadeWorks Certified companies, corporate executives have access to the strategic expertise, technology and implementation resources necessary to make the management of services spend one of the key cost saving initiatives of 2002.

"CEOs in today's economy are turning to trusted advisors like KPMG Consulting to identify new ways to contain costs and realize savings," said Diana Jovin, 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 CascadeWorks. "KPMG Consulting's deep expertise in strategic consulting, together with their well developed understanding of the CascadeWorks(TM) Clarity services e-procurement solution, will enable our common clients to derive significant savings from the process of sourcing, managing and paying for services -- an area where Fortune 1000 companies typically spend more than half their purchasing dollars."

"Customers are now realizing the potential of enterprise supplier management to help organizations contain the largest component of their external spend, contingent labor," said Todd Archer, managing director, services solutions, KPMG Consulting. "Our goal is to help enterprises leverage KPMG Consulting's systems integration and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality  capabilities, including hosting and application management, along with CascadeWorks' services procurement platform, to realize significant cost savings from the vast dollars they spend on services."

CascadeWorks Clarity has differentiated itself in the market by delivering a solution that addresses all the service categories across multiple business units and procurement processes in the global enterprise. The CascadeWorks Clarity suite leverages a unifying technology platform designed specifically for services e-procurement that links together key application functionality in a highly configurable framework.

In completing CascadeWorks Certification training, KPMG Consulting has thorough knowledge of the configuration options built into CascadeWorks Clarity, as well as the integration architecture and tools used by the platform to deliver enterprise-ready integration. KPMG Consulting will also provide strategic, business process and systems integration consulting services to companies implementing CascadeWorks Clarity.

About KPMG Consulting, Inc.

KPMG Consulting, Inc. (Nasdaq:KCIN), based in McLean, Virginia McLean is an unincorporated community located in Fairfax County in Northern Virginia. A small geographic area along Chain Bridge Road in Arlington County has a 22101 zip code and is also part of McLean. , is one of the world's largest consulting and business systems integration firms with approximately US$2.9 billion in annual revenues. Around the world, our approximately 10,000 employees provide business and technology strategy, systems design and architecture, applications implementation, network and systems integration, and related services. We help our clients capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 information technology to achieve their business objectives and build real-time enterprises. Working with market leading hardware and software companies we serve more than 2,500 clients, including Global 2000 companies, small and medium-sized businesses, government agencies and other organizations. Our business and technology solutions are tailored to meet the specific needs of the industries we serve, and are delivered through global industry-focused lines of business, including communications and content companies, consumer and industrial markets, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 industries, high technology companies, and federal, state and local governments.

For more information about KPMG Consulting, visit our Web site at www.kpmgconsulting.com For news media, visit http://kpmgconsulting.com/news/media_contacts.html.

As of February 8, 2001, KPMG Consulting, Inc. is an independent consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee
consulting firm

business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a
, no longer affiliated with KPMG LLP LLP - Lower Layer Protocol , the tax and audit firm. Please reference our company as KPMG Consulting, since KPMG is not an abbreviated name for our business and is an unaffiliated firm.

About CascadeWorks

CascadeWorks enables Global 2000 companies to derive strategic business advantage from services e-procurement -- the inter-enterprise process for sourcing, managing, and paying for services. CascadeWorks' integrated suite of applications, CascadeWorks Clarity, delivers improved management of spend, procurement process and vendor networks addressing the complex inter-enterprise interactions specific to the services procurement life cycle. In use at major corporations such as ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank)  North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Autodesk, Charles Schwab Charles Schwab can refer to:
  • Charles M. Schwab, founder of Bethlehem Steel.
  • Charles R. Schwab, founder of the brokerage.
  • Charles Schwab Corporation, the brokerage.
 and 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.
, CascadeWorks solutions help businesses significantly reduce costs by optimizing spend, improving process efficiencies, and optimizing the management of their vendors across all categories of services. Based in San Francisco, CA, 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
) and Kennet Capital Limited, Broadview's early stage venture affiliate.

CascadeWorks and the CascadeWorks logo are trademarks of CascadeWorks Inc. Any other trademarks are the property of their respective owners.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 4, 2002
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