Lawson Signs Significant Contract with Education Management Corporation; Post-Secondary Education Provider to Automate Purchasing Processes, Improving Efficiency and Ease of Procurement Practices.
Lawson Software (Nasdaq:LWSN) announced it signed a significant contract with Education Management Corp. (EDMC) in Lawson's fourth quarter of fiscal 2005, which ended May 31. EDMC licensed Lawson Requisitions, Requisitions Self Service, ProcessFlow and Smart Notification applications. As part of the contract, EDMC also becomes Lawson's first Hackett Passport Advisory Council member.
With 70 primary campuses in 24 states and two Canadian provinces, EDMC's educational institutions offer a broad range of academic programs in media arts, design, fashion, culinary arts, behavioral sciences, health sciences, education, information technology and business, culminating in the award of associate's through doctoral degrees.
An existing Lawson Financials and Human Resources client, EDMC wanted to eliminate its manual, paper-based, requisitioning process, increase enterprise-wide purchasing visibility and create tighter controls over operational costs. EDMC determined that Lawson's requisitioning applications, and Lawson's workflow and proactive notification capabilities, would help automate its requisitioning process from order creation and approval to receipt and payment.
Furthermore, with Lawson Requisitions Self Service, EDMC employees will be directed to established, negotiated agreements to place their own internal requests, track approval status, and eliminate non-value added administrative work.
"We are redefining our procedures and this Lawson project is the first part of the process," said Soheila Lunney, Ph.D., vice president, Procurement, EDMC. "With the requisitioning and new reporting functionality, we're building an excellent foundation that will deliver real business outcomes, while maximizing the total cost of ownership for our organization. We plan to use this first implementation as a model which we will build upon for future e-procurement enhancements."
As a Hackett Passport Advisory Council Member, a joint program between Lawson and The Hackett Group, EDMC can bring Hackett best practices, benchmarking and advisory services into its implementations and monitor the outcome to assist in identifying necessary process changes.
"We believe the Lawson solutions along with the Hackett and Lawson partnership will help us achieve our project goals successfully," said Donna Booth, strategic sourcing manager at EDMC.
"Services organizations want technology solutions and IT partners with a proven ability to deliver real business outcomes," said Jennifer Steinbauer, manager, Strategic Alliances, Lawson Software. "Through our new exclusive partnership with the Hackett Group, we are helping clients measure their business performance and assisting in achieving their goal of a positive return on their Lawson investment."
About Lawson Software
Lawson Software provides business application software and consulting services that put time on the side of services organizations in the healthcare, retail, government and education, banking and insurance and other markets. Lawson's software suites include enterprise performance management, distribution, financials, human resources, procurement, retail operations and service process optimization. Headquartered in St. Paul, Minn., Lawson has offices and affiliates serving North and South America, Europe, and Africa. Lawson Software and Lawson are registered trademarks of Lawson Software, Inc. All rights reserved.
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software, Inc., and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in the company's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; global military conflicts; terrorist attacks in the United States, and any future events in response to these developments; changes in conditions in the company's targeted service industries; increased competition and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission and as included in other documents the company files from time to time with the Commission.