Prophet 21 Significantly Reduces EDI VAN Charges; Stellar Industrial Supply and Oliver H. Van Horn Realize Savings with Trading Partner Connect.Business Editors/Hi-Tech Writers YARDLEY, Pa.--(BUSINESS WIRE)--May 30, 2002 Prophet 21, through its Internet trading network, Trading Partner Connect, can significantly reduce distributors' Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) Value-Added Network A communications network that provides services beyond normal transmission, such as automatic error detection and correction, protocol conversion and message storing and forwarding. Telenet and Tymnet are examples of value-added networks. (VAN) charges, while helping them conduct electronic commerce in real time. Trading Partner Connect members can send all of their EDI traffic through the Internet trading network in real time, eliminating batch processing (1) Performing a particular operation automatically on a group of files all at once rather than manually opening, editing and saving one file at a time. For example, graphics software that converts a selection of images from one format to another would be a batch processing utility. , costly modems, and phone lines. Trading Partner Connect routs the documents, whether the recipient is a Trading Partner Connect member or not. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , VAN charges are reduced by more than 20 percent because of the 24 hour a day, seven day a week connection to Trading Partner Connect. "Our use of EDI has definitely increased since moving to Trading Partner Connect," says Rene Savage, system administrator for Stellar Industrial Supply located in Tacoma, WA. "It has improved our relationships with suppliers. We spend less time keying documents and are meeting our deadlines, so we're getting larger discounts. "Since we've starting conducting EDI through Trading Partner Connect, I've also had to do much less maintenance on our system," adds Savage. "Not only have we done away with an external modem A self-contained modem that is connected via cable to the serial port of a computer. It draws power from a wall outlet. The advantage of an external modem is that a series of status lights on the outside of the case display the changing states of the modem (off-hook, carrier detect, , but Trading Partner Connect is more reliable than more traditional EDI. Messaging goes through one source rather than different VANs depending on whom we are contacting. In addition, I can verify receipt of documents by checking the Trading Partner Connect Web site, saving me from calling and confirming. Because security and messaging software is inherent in Trading Partner Connect, distributors don't need to worry about intercepted messages or multiple deliveries of the same document. 70 Percent Savings Another Prophet 21 Trading Partner Connect member, Oliver H. Van Horn based in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , saw their EDI bill drop by nearly $500 a month - an almost 70 percent reduction - since conducting EDI through the Internet trading network. "Prophet 21 is the only software provider in this market space to offer this type of application," says Lee Eagan, 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 Oliver H. Van Horn. "You can't afford not to have Prophet 21 because you won't survive without Trading Partner Connect. This is a good example of how Prophet 21 has helped us stay in the technology vanguard in our industry." About Trading Partner Connect Trading Partner Connect, an Internet trading network, streamlines the commerce process between distributors, their manufacturers/suppliers, and customers, thereby increasing sales and improving customer service while reducing operating costs operating costs npl → gastos mpl operacionales . Distributors benefit from dead stock reduction, lower EDI VAN costs, and access to a rationalized catalog of millions of items, enabling them to compete on a larger scale and improve customer service. In addition, distributors may connect with other purchasing platforms and trading communities through Trading Partner Connect. Distributors may also develop Web sites to give their customers on-line customer service and ordering capabilities 24 hours a day, seven days a week. Manufacturers/suppliers benefit as well, by improving their ability to interact with distributors and more accurately predict consumer usage of their products. Prophet 21 CommerceCenter and Prophet 21 Acclaim are fully interoperable with Trading Partner Connect. About Prophet 21 Since 1967, Prophet 21 has been a leader in providing durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. distributors with innovative, adaptive solutions essential for running their businesses. With more than 2,000 customers and 70,000 users conducting over $35 billion in highly complex supply chain transactions annually, Prophet 21 is a true business partner, helping companies of all sizes leverage technologies and maintain a competitive advantage. Through its business technology and services, Prophet 21 seeks to streamline customers' business processes and reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). to maximize profit and growth. Prophet 21 offers enterprise software solutions for Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. 2000 and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). . Prophet 21's enterprise software solutions provide organizations with powerful, highly customizable applications designed to improve customer service and maximize their return on investment. In addition, the company offers an Internet trading network that streamlines the commerce process between distributors, their manufacturers/suppliers, and end users. A complete line of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. backs all Prophet 21 solutions. For more information about Prophet 21, please visit www.p21.com or call 800/PROPHET, ext. 3120. Copyright (c) 2002 Prophet 21, Inc. All rights reserved. Prophet 21 and Prophet 21 Acclaim are registered trademarks of Prophet 21, Inc. All other trademarks and registered trademarks are the property of their respective companies. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially. Potential risks and uncertainties that could affect the Company's future operating results include, but are not limited to: (i) economic conditions, including economic conditions related to the computer industry; (ii) the availability of components and parts from the Company's vendors at current prices and levels; (iii) the intense competition in the markets for the Company's products and service; (iv) the Company's ability to protect its intellectual property; (v) potential infringement claims against the Company for its software development products; (vi) the Company's ability to obtain customer maintenance contracts at current levels; and (vii) the Company's ability to develop, market, provide, and achieve market acceptance of new service offerings to new and existing clients. |
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