Science & Technology
Science and Technology
Science and Technology
Tue, January 6, 2009
ePlus inc.: ePlus Announces Innovative Solutions for CIOs to Simplify and Help Reduce IT Acquisition Costs and Improve IT Spend
HERNDON, VA--(Marketwire - January 6, 2009) - ePlus inc. (
"Every organization buys information technology, yet it is one of the most volatile and often complex commodities to acquire," said Ken Farber, president of ePlus Systems. "Products, availability, and pricing change constantly, and generic purchasing systems are not designed to support these complexities. Therefore, IT buyers often end up searching many catalogs and web sites -- utilizing too many unique processes and purchasing from too many suppliers -- which in turn significantly drives up costs. And this is just the beginning of the problem."
Ordering from multiple suppliers generates its own complexities, such as different ordering processes and touch points, disparate payment and accounting processes, multiple invoice processes (many of which generate too much paper to process), lack of common workflow, no holistic view into IT spend, and multiple integration points to back-end applications. These problems greatly limit an organization's ability to leverage pricing, which substantially increases IT acquisition costs.
ePlus has combined its experience as one of the largest value added resellers, a leading eProcurement application provider, and a sourcing and consulting provider to deliver solutions specifically for IT goods and services. OneSource IT+ allows buyers to order IT from most providers, including ePlus' online catalog containing more than 500,000 products. Using a common system interface, IT departments can establish and maintain standards for their employees and vendors. OneSource IT+ controls, automates, and provides visibility into the entire IT acquisition process to help reduce IT costs.
With OneSource IT+, buyers get comprehensive workflow support for multiple approval levels before purchases are committed, optional budget checking, simplified invoicing, and a single integration point -- all within one ordering process. The system can run standalone or be integrated with most procurement systems. OneSource IT+ can be expanded to accommodate additional commodities and integrates with third-party Procurement, ERP, accounting, and catalog systems.
Spend IT+ complements OneSource IT+ by providing total top-down spend analysis of IT purchases. Spend IT+ analyzes purchase transactions in OneSource IT+, across multiple providers, and presents them in both dashboard and OLAP (online analytical processing) views. Dashboard views present spend data graphically (by supplier, business unit, and commodity), with drill downs all the way to individual transactions and with export capabilities. OLAP views let analysts and commodity specialists interact with the spend data by simple drag and drop functionality, building their own queries, pivot tables, charts, and graphs as they wish.
"While OneSource IT+ simplifies the IT acquisition process, Spend IT+ provides a single view of IT spend across the whole buying organization," said Mr. Farber. "It shows where spend is being diluted across multiple providers, where off-contract spend has occurred, and where the majority of transactions are being generated. In this way, Spend IT+ supports cost savings by leveraging spend, improving compliance with contracts, and increasing productivity by highlighting where small dollar transactions are occurring."
To learn how to get a complimentary IT spend analysis or preview these new solutions, [ click here ] or contact [ software@eplus.com ].
About ePlus Systems inc.
ePlus Systems inc., a wholly owned subsidiary of ePlus inc., develops and markets [ enterprise supply management ]applications and services to meet the needs of supply management and product content management for customers across all industries. The combination of software and services gives customers the choices and tools to optimize their spend, including supplier enablement, catalog content management, eProcurement, spend analytics, document management, and asset management.
About ePlus inc.
ePlus is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. Founded in 1990, ePlus has more than 650 associates in 30+ locations serving more than 2,500 customers. The Company is headquartered in Herndon, VA. For more information, visit [ http://www.eplus.com ], call 888-482-1122, or email [ info@eplus.com ].
ePlus®, OneSource® IT+, Spend IT+, and other ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners. Subject to one or more of the following: U.S. Patent Nos. 6,023,683; 6,055,516; 6,505,172; 6,892,185; 6,182,127; 6,510,459; 7,047,211; 7,254,581; and corresponding foreign patents and patents pending.
Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary due to certain risks and uncertainties, including, without limitation, possible adverse effects resulting from the recent financial crisis in the credit markets and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, and restrictions on our access to capital necessary to fund our operations; the existence of demand for, and acceptance of, our services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; our ability to consummate and integrate acquisitions; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to reserve adequately for credit losses; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this release is as of the date of this release. ePlus undertakes no duty to update this information.
