Cypress Semiconductor Selects DETERMINE Software's Contract Performance Management Solution.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Sept. 10, 2003 Leading Supplier of High-Performance Integrated Circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. Deploys Solution In Less Than One Week; Saving Time and Money on Capital Equipment Leases DETERMINE Software(R), a leading provider of Contract Performance Management (CPM (1) (Critical Path Method) A project management planning and control technique implemented on computers. The critical path is the series of activities and tasks in the project that have no built-in slack time. ) solutions for Global 2000 companies, today announced that Cypress Semiconductor Cypress Semiconductor is a semiconductor design and manufacturing company. It began operations in 1982 and listed publicly in 1986. Two years later, the company shifted over to the New York Stock Exchange under the symbol, (NYSE: CY). Corporation, a global supplier of high-performance integrated circuits for network infrastructure and access equipment, purchased the DETERMINE Application Suite to manage its capital asset leasing portfolio. Cypress Semiconductor was up and running in less than one week with DETERMINE's ExpressWay solution, a month-to-month, subscription-based version of the DETERMINE solution requiring only a nominal up-front fee, no long-term commitment and accelerated implementation processes. Cypress's decision to automate its leasing contracts illustrates a renewed interest by business in leasing as a financial strategy to improve the bottom line. After a period of relative downturn in the use of leasing, companies are recognizing that properly managed and controlled leasing processes can be a powerful strategy for managing cash flow. The Leasing Management Module of the DETERMINE solution extends core purchasing and asset management systems by allowing lease options to be accurately evaluated, sourced and managed along with the actual purchase of these assets. Corporate America leases more than $250 billion worth of equipment, and this number is climbing, 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. Scott Martin Scott Martin (born October 12, 1982 in Melbourne) is an Australian shot putter and discus throw competitor. He rose to prominence in a National Australia Bank advertisement promoting the 2006 Commonwealth Games; in the ad, Martin was shown taking part in a ballet class to improve , 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 DETERMINE Software. "Capital asset contracts represent some of the most complex of all contracts, as they contain many hidden costs and compliance events," said Martin. "Whether it's lease contracts or any other type of critical procurement contract, DETERMINE delivers a system that provides the depth and agility to improve contract performance, reduce costs and improve overall supplier performance." Cypress Semiconductor is using the DETERMINE solution to manage its capital equipment lease contracts and to help streamline the maintenance process. Within just a couple weeks of purchasing the solution, Cypress had loaded all contract data into DETERMINE and was able to conduct real-time analysis of their asset portfolio as "lease tools by location," "increased payments for current year" and "notification dates Notification date The day the option is either exercised or expires. ." The company estimates it now saves ten hours of time per week with the new solution. Cypress selected DETERMINE based on product performance and flexibility as well as the attractive pricing and fast time-to-implementation made possible by the ExpressWay program. "ExpressWay provided everything we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. at an attractive price point," said Scott Frame, Corporate Asset Manager, Cypress Semiconductor. "DETERMINE's flexibility in terms of customization and auto-notification features was also very important to us," said Frame who added that the company intends to bring more users onto the DETERMINE system in the near future and may extend its usage beyond the U.S. to include a plant in the Philippines. About DETERMINE Software DETERMINE Software is the leading provider of new Contract Performance Management (CPM) solutions for companies that want to quickly and effectively improve visibility and control across their enterprise-wide contract portfolio. The company's CPM solution dramatically improves contract performance and compliance, while at the same time, identifying significant cost reduction opportunities and minimizing corporate reporting and audit risk. By helping companies transform complex legal contracts into actionable information and processes, DETERMINE enables them to monitor, measure and improve strategic supplier and partner performance, shifting their focus and resources from tactical transaction management to strategic relationship management. For more information: www.determine.com. About Cypress Semiconductor Corporation Cypress Semiconductor Corporation (NYSE NYSE See: New York Stock Exchange :CY) is Connecting From Last Mile to First Mile(TM) with high-performance solutions for personal, network access, enterprise, metro switch, and core communications-system applications. Cypress Connects(TM) using wireless, wireline, digital, and optical transmission standards, including USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. , Fibre Channel, SONET/SDH, Gigabit Ethernet An Ethernet standard that transmits at 1 Gbps. Used mostly to connect high-end workstations and servers as well as for network backbones, Gigabit Ethernet transmits full duplex from point to point using switches and half duplex in a shared environment (CSMA/CD) using a hub. , and DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing . Leveraging its process and system-level expertise, Cypress makes industry-leading physical layer devices, framers, and network search engines, along with a broad portfolio of high-bandwidth memories, timing technology solutions, and programmable microcontrollers. More information about Cypress is accessible online at www.cypress.com. |
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