CascadeWorks Strengthens Key OEM Relationship With Actuate; Leading Services Supplier Relationship Management Company Announces Support for Actuate 6.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--May 22, 2002 CascadeWorks, the leader in pioneering Services Supplier Relationship Management, today strengthened a key OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and relationship by announcing its support for Actuate 6, from Actuate Corporation (Nasdaq:ACTU ACTU Australian Council of Trade Unions ACTU AIDS Clinical Trials Unit (Washington University Medical Center, St. Louis, Missouri) ACTU Association of Catholic Trade Unionists ACTU Australian Capital Territory Union ), the Information Delivery market leader. CascadeWorks already has incorporated Actuate products in its CascadeWorks Clarity Services Supplier Relationship Management platform, which delivers comprehensive capabilities to manage the entire services purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements and a supplier community for facilities, staffing, training, marketing and other 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. . "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. the Center for Advanced Purchasing Studies, Fortune 1000 companies spend an average of $1.8 billion a year on a broad range of services," said Diana Jovin, vice president of business development for CascadeWorks. "But because this spend is typically fragmented across the enterprise, executives have shockingly little visibility into spend levels and patterns. Powered by Actuate reporting tools, CascadeWorks Clarity provides centralized, real-time business intelligence to rationalize demand, drive dollars to top-performing suppliers and ensure compliance with applicable laws and regulations regarding contract workers." The CascadeWorks Clarity Services SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. platform delivers improved visibility, purchasing compliance and cash management controls that enable businesses to reduce costs across a broad range of services. With improved visibility into spend levels and patterns a critical requirement for managing the largest uncontrolled expense remaining in the enterprise, CascadeWorks Clarity's advanced reporting and analytic capabilities build on the world's most advanced platform for creating and managing high-value business information, and delivering this data to the extended enterprise. Actuate's Information-Delivery platform provides information consumers with the enterprise information they need in the form in which they need it, in a secure, timely and cost-effective manner. "With businesses in today's economy seeking every avenue to contain costs and realize savings, services spending is a key area for substantial -- and often untapped -- savings," said John Bow, vice president of the Actuate OEM business unit. "Actuate is proud to partner with CascadeWorks to deliver the strategic visibility into the services purchasing and management life cycle that companies need to intelligently manage the significant dollars they spend on services." Actuate 6 meets the requirements for the next-generation of Information Delivery platforms. Actuate 6 is an information-delivery and business analytics platform that can be integrated in software applications to add sophisticated reporting and ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. analysis capabilities. Actuate enables OEM partners to provide all their application users with the information they need in interactive, parameter-driven, web reports and full-function Excel spreadsheets. Actuate has more than 200 OEM customers whose products range from applications for electronic marketplaces to customer relationship management to professional services automation See PSA. . These e.Business leaders and packaged software vendors choose Actuate because its software represents the latest in Information Delivery technology and its e.Services group enables easy integration with existing application infrastructure, thus speeding time-to-market for new products. Further, Actuate's commitment to industry standards including Java, LDAP (Lightweight Directory Access Protocol) A protocol used to access a directory listing. LDAP support is implemented in Web browsers and e-mail programs, which can query an LDAP-compliant directory. and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ensures its product will be compatible with today's most prevalent e-Business applications. About Actuate Corporation Actuate Corporation is the leading provider of Information Delivery solutions for Global 2000 companies and packaged application software vendors. Actuate provides the most effective platform for retrieving business information from corporate databases and delivering interactive Web pages and Excel spreadsheets to customers, prospects, partners and employees. Its infrastructure software is the foundation for applications such as client reporting, 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. , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. and e-Procurement. Actuate content is seamlessly integrated into corporate Web sites and packaged applications and can be printed and used to exchange data with other applications. By instantly delivering personalized content from tens to millions of end-users -- without downloads -- companies using Actuate can increase revenue, reduce costs and improve customer service. Actuate has over 1,700 direct customers and over 200 OEM partners, including almost thirty percent of the Fortune 1000. Founded in 1993, Actuate has headquarters in South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif., and has offices worldwide. For more information on Actuate, visit the company's Web site at www.actuate.com. 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, CascadeWorks(TM) Clarity enables companies to achieve 10-20% cost savings across a broad range of services spend including facilities, staffing, corporate services, training, and marketing services. CascadeWorks Clarity is currently in use at industry-leading companies such as ABN AMRO NA, Charles Schwab & Co. and Texas Instruments, and was selected by Ariba to power Ariba(R) Workforce(TM). 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 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. Note to Editors: Actuate is a registered trademark of Actuate Corporation. e.Reporting and e.Spreadsheet are trademarks of Actuate Corporation. CascadeWorks and the CascadeWorks logo are trademarks of CascadeWorks. Other company names and trademarks are trademarks of their respective companies. |
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