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iVita Adds to Functionality.


iVita Corp (www.ivita.com) has delivered iVita Commander 3.0, a Web-based product that proactively alerts companies to opportunities to maximize value by providing insight into asset utilization and productivity. The new release builds on iVita Commander's foundation to include asset categorization functionality based on the United Nations Standard Product and Services Code (UNSPSC UNSPSC Universal Standard Products and Services Classification
UNSPSC United Nations Standard Products and Services Code
), the first coding system Noun 1. coding system - a system of signals used to represent letters or numbers in transmitting messages
code - a coding system used for transmitting messages requiring brevity or secrecy
 to classify both products and services for use throughout the global marketplace, and industry and asset-specific advice, trends and benchmarking.

Once companies know where their assets are, specific knowledge about asset fair market value, tax treatment and service history enables them to make fact-based decisions and set and refine controls to optimize value. iVita Commander leverages the Internet to synthesize vast amounts of information into knowledge specific to customers individual needs.

Stern Stewart & Co., the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 firm renowned for its economic value added Economic value added (EVA)

A method of performance evaluation that adjusts accounting performance for investors' required return on investment. Suppose a division produces a 12% return on capital invested.
 (EVA Eva

to marry winner of singing contest. [Ger. Opera: Wagner, Meistersinger, Westerman, 225–228]

See : Prize



1. Eva - A toy ALGOL-like language used in "Formal Specification of Programming Languages: A Panoramic Primer", F.G.
) metric, says it is supporting iVita in the launch. "We believe the iVita solution provides businesses with a valuable tool for realizing efficiency gains that lead directly to strong EVA performance," said G. Bennett Stewart 3d, senior partner.
COPYRIGHT 2001 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Financial Executive
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 1, 2001
Words:182
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