CascadeWorks Teams with Leading Managed Service Providers to Address Growing Market for Technology-Enabled Contingent Workforce Management.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--July 22, 2002 Charter Members -- Core Staffing Services Inc., Glotel Inc., 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, MATRIX, PrO Unlimited and Resource Solutions -- Align With CascadeWorks to Deliver Best of Breed Service and Technology Offering CascadeWorks, the leader in pioneering Services Supplier Relationship Management, today announced the launch of a Managed Service Provider (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) alliance program to address the growing trend among Fortune 1000 companies to outsource management of critical services, including their 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. processes and vendor networks, to service providers that combine the best of people, process and technology. Charter alliance members Core Staffing Services Inc., Glotel Inc., KPMG Consulting, MATRIX, PrO Unlimited and Resource Solutions have teamed with CascadeWorks to combine their best-of-breed domain expertise, managed service experience and process knowledge with CascadeWorks' industry-leading technology, which is proven to reduce costs and improve service quality for both MSPs and their enterprise customers. "In today's competitive economic climate, Fortune 1000 companies are increasingly focusing internal resources on core competencies, fueling a growing trend toward outsourcing and cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. in numerous areas with contingent workforce management among the foremost," said Dennis Stradford, 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. "As industry leaders committed to bringing ever greater value to their customers, these charter alliance members have identified CascadeWorks(TM) Clarity as the enabling technology capable of addressing the full spectrum of staffing needs and expanding to additional services as required by their enterprise customers." With an initial focus on the $149 billion staffing industry, CascadeWorks MSP alliance members provide a complete managed service by combining their best practices with CascadeWorks Clarity for MSPs, a special product package specifically designed to shorten fulfillment cycles, attain substantially improved fill ratios and reduce co-employment risk. Leveraging the compliance infrastructure provided by CascadeWorks Clarity for MSPs, alliance members increase savings and improve service quality for their customers by substantially reducing maverick hiring, stamping out process inefficiencies and eliminating time-consuming, error-prone paper systems. By adding the co-branded CascadeWorks Clarity for MSP product to their managed service offering, alliance members provide a no-risk, value-added program for contingent workforce management, with a natural expansion path to manage additional enterprise services. "Like our leading customers, who demand the best in 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 , we at Glotel demand the best in technology to meet the increasingly complex requirements for outsourced contingent workforce management," said Greg Lynch, president, Glotel, Inc. "The technology framework provided by CascadeWorks Clarity is a powerful tool in the hands of our experienced staffing professionals, providing new opportunities to reduce cost while improving performance and service quality." "Although MATRIX has been providing managed services to several of our clients for a number of years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time higher degree of automation CascadeWorks Clarity provides raises the bar in the industry," said Barry Mills Barry Mills was inaugurated as Bowdoin's 14th president in October 2001 as the College was beginning its 200th academic year. During his tenure as president, Mills has underscored the primacy of Bowdoin’s academic program and has worked with the faculty to redefine a liberal , director of sales programs at MATRIX Resources, Inc. "It gives us the ability to take our managed services offerings to the next level, delivering both increased efficiency and improved service quality." "A recent poll of senior staffing industry executives told us that 93% of them have or see a need to have a strategy for vendor managed services," said Bruce Steinberg, research director at Staffing Industry Analysts, Inc., a Los Altos Los Altos (lôs ăl`tōs, lŏs), residential city (1990 pop. 26,303), Santa Clara co., W Calif.; inc. 1952. There is diversified light manufacturing. , CA-based provider of independent, comprehensive and objective data on staffing industry trends and markets. Regarding the type of alliance programs that CascadeWorks provides, he said there is indeed a growing demand for technology-enabled vendor managed services among Fortune 1000 companies. "Those Fortune 1000 companies are motivated by using a comprehensive technology to improve productivity throughout their human capital supply chain." 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 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. , CascadeWorks(TM) Clarity enables companies to achieve 10-20% cost savings across a broad range of services spend including facilities, staffing, 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. , training, and marketing services. CascadeWorks Clarity is currently in use at industry-leading companies such as Autodesk, ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) 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: CascadeWorks and the CascadeWorks logo are trademarks of CascadeWorks. Other company names and trademarks are trademarks of their respective companies. |
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